Tech Layoffs

World

French Authorities Summon Elon Musk for Questioning as Part of Probe into X's Algorithm and Content

French cybercrime prosecutors have summoned Elon Musk and former X CEO Linda Yaccarino for voluntary interviews, following raids on X's Paris offices. The investigation, supported by Europol, examines potential algorithmic interference in French politics and the spread of harmful content via the Grok AI chatbot.

Feb 3, 2026

World

U.S.-India Trade Breakthrough: Modi Hails Tariff Cuts as Opposition Sounds Alarm Over Farm Sector

A surprise trade announcement from Washington has ignited a political storm in New Delhi. While the Modi government welcomes proposed U.S. tariff reductions, opposition lawmakers and analysts are demanding clarity on potential concessions, particularly for India's vast agricultural sector.

Feb 3, 2026

Business

Inside the Swiss Fortress: How Tether Amassed a $24 Billion Gold Hoard in a Nuclear Bunker

As digital finance reshapes the global economy, crypto giant Tether is making a massive physical bet, storing a staggering 140 tons of gold in a secret Swiss bunker—a move that positions it among the world's largest gold holders and signals a strategic shift in the battle for monetary influence.

Feb 3, 2026

World

French Authorities Summon Elon Musk, Raid X's Paris Office in Escalating Algorithm and AI Probe

Elon Musk and former X CEO Linda Yaccarino have been summoned for questioning in Paris, as French cybercrime units search the platform's local offices. The probe focuses on content algorithms, data practices, and the controversial 'Grok' AI's ability to generate non-consensual explicit imagery.

Feb 3, 2026

US

Bipartisan Senators Sound Alarm Over Pentagon's Reported Plan to Downgrade Havana Syndrome Unit

Sens. Jeanne Shaheen (D-N.H.) and Susan Collins (R-Maine) have warned Defense Secretary Pete Hegseth that relocating the Pentagon's dedicated Havana Syndrome team risks sidelining critical research and care for affected personnel, in a move that appears to contradict earlier commitments.

Feb 3, 2026

World

UK's Green Power Grid Expands: Prysmian Lands £2 Billion Deal for Major Scotland-England Subsea Link

Italian cable giant Prysmian has won a landmark contract to supply over 640km of high-voltage cable for the Eastern Green Link 4, a critical subsea electricity superhighway set to bolster the UK's energy security and renewable capacity by 2033.

Feb 3, 2026

AI Takes Center Stage at SCOPE 2026: New Oncology Trial Systems Aim to End 'Referral Black Holes' and Slash Timelines

At the SCOPE 2026 summit, Massive Bio and ConcertAI unveiled competing AI-driven platforms designed to tackle chronic inefficiencies in oncology clinical trials, from patient enrollment to study design, promising faster, more reliable pathways for new cancer therapies.

Feb 3, 2026

Business

Aker BP Brings Solveig Phase Two Online, Boosting North Sea Output

Norwegian operator Aker BP has successfully started production from the second phase of its Solveig field, delivering the project on time and budget. The development adds significant reserves and extends plateau production by leveraging existing infrastructure near the Edvard Grieg platform.

Feb 3, 2026

World

India Explores UPI-Alipay+ Link to Ease Overseas Payments for Travelers

India is in talks with Ant International to potentially integrate its homegrown UPI with the Alipay+ network, a move that could allow Indian travelers to make payments abroad using UPI at millions of merchants.

Feb 3, 2026

Business

Ethereum Emerges as Top Contender for Investors Amid Crypto Market Turbulence

As cryptocurrency markets navigate a volatile 2026, Ethereum's robust network activity and growing stablecoin adoption position it as a compelling investment opportunity for those looking to deploy modest capital.

Feb 3, 2026

Business

Balfour Beatty Secures Major £315m Highways Deal, Extending Long-Standing Warwickshire Partnership

The infrastructure giant has been awarded a seven-year contract to maintain over 5,000km of roads and 55,000 streetlights across Coventry, Solihull, and Warwickshire, with an option to extend the partnership to 2039.

Feb 3, 2026

Business

NXP Beats Q4 Estimates, Offers Upbeat Outlook Amid Mixed Market Signals

NXP Semiconductors surpasses Q4 expectations and projects strong first-quarter guidance, though shares dip as analysts debate the pace of the chip sector's recovery.

Feb 3, 2026

Business

Bank of England Seeks to Break Card Giants' Grip, Paving Way for Direct Bank-to-Merchant Payments

The Bank of England is launching a public consultation this spring to foster competition in retail payments, aiming to introduce direct account-to-account payment options that could challenge Visa and Mastercard's dominance and lower costs for smaller businesses.

Feb 3, 2026

Business

Ambarella's Five-Year Slide: Stock Plummets 47% as Investors Face Mounting Losses

While the broader market has surged, Ambarella shareholders have watched their investment erode over a half-decade, with a recent $179 million weekly loss intensifying the pain. We examine the underlying business metrics behind the chipmaker's prolonged decline.

Feb 3, 2026

Business

Beyond the Blue Chips: Three European Small-Caps Under €50M Worth a Closer Look

Amidst a resilient broader market, investors are scouring Europe for overlooked opportunities. We examine three sub-€50 million market cap companies—Componenta, Duell Oyj, and Cherry SE—that combine niche market positions with evolving financial stories, offering potential for growth-oriented portfolios.

Feb 3, 2026

Business

From Fries to ETH: The Viral Meme That Asks If a McChicken Sandwich Beat Ethereum

A social media joke comparing the price of a fast-food sandwich to Ethereum's performance has struck a nerve with crypto investors. We examine the numbers behind the meme and what it reveals about market sentiment after a turbulent five-year cycle.

Feb 3, 2026

Business

MicroStrategy Doubles Down on Bitcoin with $75M Purchase Amid Market Slump, Drawing Skepticism from Wall Street

MicroStrategy has added another 855 Bitcoin to its massive holdings, funded entirely through a stock sale, even as the cryptocurrency's price retreats. The move, defended by Michael Saylor as deploying 'dry powder,' is met with public doubt from CNBC's Jim Cramer regarding its timing and the company's capacity to weather further volatility.

Feb 3, 2026

Business

Honeywell's Steady Returns Fail to Excite Growth Investors

While Honeywell International maintains a stable 13% return on capital, its five-year trend of flat growth and capital deployment suggests the industrial giant has entered a mature, low-growth phase, dimming its appeal for investors seeking explosive returns.

Feb 3, 2026

Business

Beyond the Magic Kingdom: The Daunting Legacy Bob Iger Leaves for Disney's Next Leader

As Bob Iger prepares to pass the CEO baton, his successor inherits a media empire at a crossroads. While theme parks thrive, the new leader must navigate streaming wars, a declining linear TV business, industry consolidation, and the unpredictable impact of AI on creativity.

Feb 3, 2026

Business

Uber Eats Bets Big on Super Bowl 60 with Interactive Ad Play, Aims to Close Gap on DoorDash

As DoorDash sits out this year's Big Game, Uber Eats launches a dual-screen strategy featuring Matthew McConaughey and an interactive app experience, hoping to convert viewer engagement into crucial user growth.

Feb 3, 2026