In its most significant acquisition to date, Cisco has announced its purchase of cybersecurity software firm Splunk for approximately $28 billion, equivalent to $157 per share, in an all-cash transaction. This strategic move underscores Cisco’s commitment to bolstering its cybersecurity capabilities and expanding its presence in the rapidly evolving cybersecurity ...

Indonesia has granted its inaugural “Golden Visa” to Sam Altman, the Chief Executive of OpenAI, just one week after launching the program aimed at enticing foreign investments into Southeast Asia’s largest economy. According to Silmy Karim, Indonesia’s director general of immigration, the Golden Visa program includes various categories beyond those ...

Closing at $26,038.41, Bitcoin concluded the day with a decline of approximately 6%, as reported by Coin Metrics. The cryptocurrency exhibited fluctuations just above the $26,000 mark during the entirety of Friday, a continuation of the significant drop that commenced on late Thursday. This downward trend had a ripple effect ...

Temporarily ceasing its operations to visitors on Saturday, the Eiffel Tower, an internationally acclaimed tourist landmark situated in Paris, took a cautious measure. The decision to close the iconic structure came in response to a bomb threat, which led to a systematic evacuation, as verified by an official from the ...

Anticipations are mounting for gold prices to surge to unprecedented levels in 2024, driven by the influence of decreasing interest rates and growing concerns about an impending recession. These factors further enhance gold’s stature as a secure haven for investors. Historical data from Refinitiv reveals that spot gold prices reached ...

As the summer season approached, there was a growing trend among Americans to resort to their credit cards as a means to meet financial needs. This resulted in the collective credit card balances surpassing $1 trillion, marking the first instance of such a milestone. These findings were disclosed by the ...

As per the government of the state of Karnataka, Foxconn is set to make a substantial investment of over $600 million in India. This investment will be directed towards two distinct projects: one in phone manufacturing and the other in establishing a semiconductor equipment facility. The move showcases Foxconn’s commitment ...

Taiwan Semiconductor Manufacturing Company (TSMC) has revealed its intention to invest approximately $2.87 billion (90 billion New Taiwan dollars) in an advanced chip packaging plant in Taiwan. This move comes as part of a broader effort by global chipmakers to tap into the opportunities presented by the artificial intelligence (AI) ...

NBC News has confirmed that China-linked hackers successfully breached the email account of U.S. Ambassador to China, Nicholas Burns, as part of a targeted intelligence-gathering campaign. According to NBC News, in addition to breaching the email account of U.S. Ambassador to China Nicholas Burns, the hackers also gained access to ...

In June, the rate of inflation in the UK experienced a notable decline, falling below the anticipated levels at an annual rate of 7.9%. Economists surveyed by Reuters had predicted that the consumer price index would rise by 8.2% annually, taking into account the previous month’s unexpectedly high reading of ...