Porsche sells its Bugatti Rimac stake, marking a full exit and shift toward core operations amid global market challenges. Porsche exits Bugatti Rimac joint venture in strategic stake sale — Porsche AG has agreed to sell its 45% stake in the Bugatti Rimac joint venture, marking a full withdrawal from the high-performance electric hypercar venture as it sharpens focus on

What challenges is Tesla facing in India? Market hurdles limit EV expansion India has emerged as the weakest new market globally for Tesla Inc, underscoring the structural and policy challenges facing the automaker led by Elon Musk despite rising demand for electric vehicles in

Meta is preparing to reduce its global workforce as part of a broader strategy to increase investment in artificial intelligence. In an internal communication to employees, the company outlined plans to cut approximately 10 percent of its workforce, affecting around 8,000 employees, while also pausing hiring for numerous open positions. The move reflects a shift in priorities as Meta accel

Resurfaced email sparks fresh debate on leadership style An internal email sent by Elon Musk to employees at Tesla in October 2021 has resurfaced on X, reigniting debate about his dire

Tim Cook, the long-serving CEO of Apple, has announced that he will step down from his role after nearly 15 years of leadership. He will officially transition out of the CEO position on September 1, 2026, and take on a new role as executive chairman. Cook took over from

JSW Steel and POSCO have entered into a joint venture agreement to establish a new steel manufacturing plant in Odisha. The development comes at a significant time, coinciding with the official visit of the South K

India’s rapid digital transformation has made financial transactions faster and more convenient, but it has also led to a sharp rise in online fraud cases. Over the past decade, digital payments have grown exponentially, with platforms like Unified Payments Interface becoming a part of everyday life. However, this growth has been accompanied by a surge in fra

US stock markets surged to fresh record highs as easing geopolitical tensions triggered a sharp decline in oil prices, boosting investor confidence across global markets. Sentiment improved after reports of the reopening of the Strait of Hormuz, easing concerns over potential disruptions to global oil supply. The rally was led by the

A new bagel destination is creating buzz in Chicago as PopUp Bagels makes its debut, drawing early morning crowds eager for a fresh and unconventional bagel experience. Known for its minimalist menu and distinctive serving style, the East Coast favorite is quickly gaining attention among local food enthusiasts. On Friday, April 17, 2026, customers began lining up early in the morning outside PopUp Bagels’ new location in Chicago’s Lincoln Park neighborhood, ahead of its officia

What is a digital twin? A digital twin is an AI-powered system that replicates a person’s knowledge, behavior, and decision-making using their data. It can assist with tasks, answer questions, and act as a virtual version of an employee. Digital twin in workplace: the rise of AI ‘superwo

Gautam Adani has overtaken Mukesh Ambani to become Asia’s richest individual, according to the latest Bloomberg Billionaires Index. Adani’s net worth has risen to $92.6 billion, placing him 19th globally, while Ambani now stands at $90.8 billion, ranking 20th worldwide. The shift reflects the dynamic nature of global wealth rankings, where even small market movements can alter positions at

ADDISON, Texas — Officials in Addison are exploring alternative ways to promote local businesses after discontinuing a long-running food and music festival that had been a staple community event for three decades. The annual festival, traditionally held at Addison Circle Park, had been scheduled for Friday, April 17 through Sunday, April 19, 2026. However, the event was canceled earlier this year following a review of its financial impact on the town. City leaders determi

Mark Mobius, a pioneer in global investing and a key figure in emerging markets, passed away on April 16, 2026, at the age of 89. Widely regarded for transforming investment strategies in developing economies, Mobius played a crucial role in directing billions of dollars into markets across Asia, Africa, Latin America, and Eastern Europe. Over a caree

From the early 2020s through 2026, U.S. corporations have demonstrated a remarkable ability to sustain and expand profits despite a series of economic shocks, including the COVID-19 pandemic, rising inflation, tariffs, and ongoing geopolitical conflicts. Recent data indicate that corporate profits have reached a record share of gross domestic product, while profit margins—measuring the gap between input costs and final selling prices—remain near historic highs. Executives across m

Restaurants and food chains across the United States are rolling out limited-time promotions on Wednesday, April 15, 2026, to mark Tax Day, offering customers discounts, free items, and value meals designed to ease the financial stress of filing returns. The annual wave of offers spans fast-food outlets, pizza chains, coffee brands, and delivery platforms, with many promotions available only on Tax Day. The deals typically require app orders, promo codes, or minimum purchases, but col

The era of ultra-long-haul aviation is set to reach a new milestone as Qantas advances plans to introduce what could become the longest nonstop commercial flights in the world. The initiative, known as Project Sunrise, aims to connect Sydney directly with major global destinations such as London and New York City without intermediate stops, significantly reshaping international air travel. These proposed routes are expected to span more than 10,000 miles (approximately 16,000 kilomete

Amazon has entered into a definitive agreement to acquire Globalstar in a deal valued at $11.57 billion, marking a significant expansion of its satellite internet strategy as it seeks to compete with SpaceX’s Starlink network. The companies formally signed the agreement on Monday, April 13, 2026, with the transaction publicly announced on Tuesday, April 14, 2026. The acquisition represents a major step in Amazon’s broader push into low Earth orbit connectivity under its Amazon Leo

HYDERABAD: New York-based PICO Technology, a company that provides services to financial markets, is planning to set up a Global Capability Centre (GCC) in Hyderabad through its Indian arm, PICO Technology India. Company representatives met Telangana IT and Industries Minister Sridhar Babu and Roads and Buildings Minister Komatireddy Venkat Reddy at the Secretariat to discuss the proposal. During the meeting, Sridhar Babu highlighted the strong advantages Hyderabad offers

Israeli Prime Minister Benjamin Netanyahu said on Saturday, April 12, 2026, that Israel and the United States had achieved major strategic objectives against Iran, as high-level negotiations between Washington and Tehran continued amid visible strain in Islamabad, Pakistan. In a televised address, Netanyahu stated that joint efforts had “crushed” Iran’s nuclear and ballistic missile pr