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Kim Jung-youn, a 22‑year‑old South Korean heiress, has become the world’s youngest woman tech billionaire. According to Forbes’ 2026 World’s Billionaires list, Jung-youn inherited her fortune from her later father and founder of Nexon Kim Jung-ju. Her increasing wealth underscores the enduring power of Asia’s online gaming industry and highlights how generational wealth transfer is…
US equity benchmarks traded mixed on Friday, with the S&P 500 and Nasdaq moving higher on strength in technology stocks after March inflation data came in line with expectations, while investors kept a close watch on geopolitical tensions in the Middle East.US consumer prices rose the most in nearly four years in March, driven by…
Indian IT and outsourcing companies Hinduja Global Services, Infosys and HCL Technologies have filed multiple WARN notices in the US states including Texas, Florida, and Pennsylvania during the first three months of 2026, according to an Economic Times report. The ET report suggests that these fillings suggest more layoffs in this short period than in…
UAE pulled the plug on financing the development of the upgraded F5 fighter jet after negotiations on joint financing with France broke down.This comes after Paris offered Abu Dhabi the opportunity to join the program in December 2025 in exchange for investment, but without the participation of local companies or access to technology.According to La…
Intel has become the first major American technology company to respond after Iran’s Islamic Revolutionary Guard Corps (IRGC) threatened attacks on 18 US firms operating in the Middle Eastern region. The Guards said the US had “ignored our repeated warnings about the need to stop terrorist operations”, and that the companies’ offices are now a…
Tensions in the Middle East have reached a critical level. Iran’s Islamic Revolutionary Guard Corps (IRGC) has threatened major American technology and aerospace companies, including Instagram, Facebook and WhatsApp-parent company Meta, Google and Apple, with an attack and urged the staff to evacuate their office in the region. The Iran’s multi-service primary force has said…
US stock markets moved sharply higher on Tuesday as investors cheered signs of possible de-escalation in the Middle East conflict, even as major indexes remain on track for their steepest monthly declines in years.At 10:05 a.m. ET, the Dow Jones Industrial Average surged 627.92 points, or 1.39%, to 45,844.06. The S&P 500 gained 103.78 points,…
The US Internal Revenue Service (IRS) reportedly paid Palantir $1.8 million last year to develop a custom tool for the agency. This tool is designed to help the federal agency identify cases for audits, tax collection, and potential criminal investigations, a report claimed, citing documents obtained via a public records request. The tool, called the…
Amazon, Microsoft, and other American tech firms have also joined in on the wave of online responses to the theft of 12 tonnes of KitKat bars in Europe. The companies have posted “(un)official statements” that are humorous but also serve to distance them from the theft while promoting their products. The trend began with Nestle’s…
NEW DELHI: External affairs minister S Jaishankar on Wednesday said Israel had helped India in military conflicts and been a reliable source of defence technology, even as he maintained that ties with Iran remained friendly, pointing to the latter’s decision to allow passage of four Indian ships through the Strait of Hormuz.His assertion at the…
