Business news

Unis are offering degrees in content creation for £30,000. But are they worth it?

Content creation degrees aim to help people make money from their social media posts.

Florida asks court to bar OpenAI from developing new models as part of child harm lawsuit

Sept 28 : Florida’s attorney general asked a judge on Monday to bar OpenAI from developing new artificial intelligence models without outside oversight as part of its lawsuit accusing the company of harming children.Florida sued OpenAI in June accusing the company of misrepresenting the safety of its ChatGP

Europe

Shein quarterly profit falls 67% as costs jump, Europe sales slump

Sept 28 : Fast-fashion platform Shein reported plunging profit and sliding European sales on Monday in its first results as a public company, feeding investor worries over margin pressure and slowing growth. Adjusted net profit was $228 million for the second quarter, down 67 per cent from a year ago, and its

Asia

Shein reports sharp drop in Europe sales after price hikes

Sept 28 : Fast-fashion platform Shein reported a sharp drop in sales in Europe in the second quarter after it hiked prices and cut online advertising in anticipation of the European Union imposing fees on low-value e-commerce parcels from July 1.Since its September 1 debut in Hong Kong, Shein's shares have

Federal Public Debt remains stable in August and reaches R$ 9.29 trillion

Interest of R$88.39 billion prevented a decline in debt.

Cerebras to supply AI systems to cloud computing startup Gimlet Labs

SAN FRANCISCO, Sept 28 : Cerebras Systems plans to supply AI chips and hardware with capacity to consume roughly 100 megawatts to startup Gimlet Labs to help run its cloud computing business, the companies said on Monday.The deal between Gimlet and Cerebras is part of rising interest from AI companies in proc

Seligman Ventures doubles capital to $1 billion as AI boom revives hardware bets

Sept 28 : Seligman Investments has doubled the deployable capital of its venture arm to $1 billion less than a year after launching it, betting that the physical bottlenecks of the artificial intelligence buildout will produce the next wave of large technology companies, its executives told Reuters.Seligma

Meta taps MongoDB CEO Desai to lead new enterprise AI platform

Sept 28 : Meta Platforms on Monday appointed MongoDB's CEO Chirantan "CJ" Desai to lead its new offering designed to bring the social media company's AI tools to businesses.Shares of MongoDB fell 20 per cent in premarket trading after the company said Desai will step down as chief executive officer after a te

Meta taps MongoDB CEO Desai to drive enterprise AI push

Sept 28 : Meta Platforms has poached MongoDB CEO Chirantan "CJ" Desai to spearhead a new business designed to bring the social media giant's AI tools to corporate customers.Shares of the database software provider tumbled 18 per cent in morning trading on Monday as he is leaving after less than a year as the

SpaceX's Starship launches on 14th flight, first headed to orbit

STARBASE, Texas, Sept 28 : - SpaceX's next-generation Starship rocket lifted off from Texas on Monday for its debut flight to orbit and first operational release of satellites, marking its 14th launch ahead of a routine service that Elon Musk's company expects to begin later this year.

Americas

Defense tech firm REDLattice strikes SPAC deal to go public in US

Sept 28 : REDLattice has agreed to go public in the US through a special purpose acquisition deal with blank-check firm Bold Eagle Acquisition, the companies said on Monday. The transaction values the US-based defense technology company at a pre-money enterprise value of $1.25 billion.Here are some det

Satellite firm Astro Digital to go public in $587 million SPAC deal

Sept 28 : Satellite maker Astro Digital said on Monday it had agreed to go public through a merger with blank-check company Proem Acquisition Corp I, in a deal valuing the company at about $587 million.Here are some details:• Early-stage space companies are increasingly turning to SPAC mergers to tap

AI agent firm Instinct raises $1 billion in latest funding round

Sept 28 : AI agent firm Instinct said on Monday it has raised $1 billion at a $10 billion valuation in a Series C funding round. The round drew investments from Sequoia Capital, Benchmark Capital and Coatue, Instinct said in a statement. San Francisco, California-based Instinct is developing a personal

Oversight is being reinforced to contain the rise in fuel prices

Measures include fines of up to R$ 500 million for abusive practices.

Americas

US holiday online sales to grow 6.7% as discounts attract shoppers, Adobe Analytics forecasts

Sept 28 : US online sales will likely grow 6.7 per cent this holiday season, nearly the same pace as last year, as promotions attract deal-seeking shoppers, Adobe Analytics forecast on Monday.Higher household costs are turning shoppers more selective and value-seeking. Retailers, including Walmart, Kohl's and

Nvidia adds $150 billion to existing share repurchase plan

Sept 28 : Nvidia is buying back additional shares worth $150 billion under its existing stock repurchase plan, in what the chip giant said was the largest increase in share repurchase authorization on record.Shares of the Santa Clara, California-based company were up 1.7 per cent in premarket trading.N

Nvidia boosts share buyback by record $150 billion as AI boom fuels growth

Sept 28 : Nvidia bolstered its share buyback authorization by $150 billion, surpassing Apple's $110 billion boost in 2024 to mark the biggest-ever increase in a stock repurchase program.The additional authorization lifts Nvidia's remaining buyback capacity to $235 billion, which it expects to use through fisc

Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

Sept 28 : Nvidia boosted its share buyback authorization by a record $150 billion, eclipsing Apple's $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to peers.Shares of Santa Clara, California-based Nvidia rose more than 2

Roche outlines plans to move towards autonomous AI labs

ZURICH, Sept 28 : Swiss pharmaceutical giant Roche outlined plans to move towards autonomous AI labs to speed up research and development discovery at its pharma investor day on Monday.Roche is committed to "AI independence" in R&D and has recently started building autonomous AI-driven labs, Aviv Regev, execu

Exclusive-Trump Jr.-backed Unusual Machines, US asset manager invest $10 million in Canada's Draganfly

Sept 28 : Donald Trump Jr.-backed Unusual Machines and an unnamed US asset management company have invested $10 million in Canadian drone services firm Draganfly, as defense sector investments gather pace amid persistent geopolitical tensions. In a statement on Monday, Draganfly said it would use the proceeds

Trump Jr.-backed Unusual Machines, US asset manager invest $10 million in Canada's Draganfly

Sept 28 : Donald Trump Jr.-backed Unusual Machines and an unnamed US asset management company have invested $10 million in Canadian drone services firm Draganfly, as defense sector investments gather pace amid persistent geopolitical tensions.Draganfly said on Monday it would use the proceeds to accelerate th

Americas

What Trump's potential US diesel export ban could mean for you

The proposal aims to protect US consumers from rising costs, but it could trigger major economic waves both at home and across the world.

Americas

Prediction markets' push into US stocks raises regulatory alarm bells

WASHINGTON, Sept 28 : Prediction markets are fast becoming alternative venues for traders to wager on US companies like Tesla and Apple, raising concerns about investor protection and market oversight, according to independent data and regulatory experts.The booming industry pioneered by Polymarket and Kalshi

Europe

Apple, Amazon face revived UK consumer lawsuit over product sales

LONDON, Sept 28 : Britain's Competition Appeal Tribunal allowed part of a revived consumer lawsuit against Apple and Amazon to proceed on Monday over claims they restricted competition.The lawsuit alleges Apple and Amazon agreed in 2018 to limit which sellers could offer Apple and Beats-branded products on Am