Microsoft plans to layoff thousands of staff across multiple divisions

Microsoft, one of the leading American technology companies, has reportedly announced to layoff thousands of employees in divisions including engineering and human resources, as per media reports. The anticipated layoffs would be the mos....

Instagram to simplify in-app user experience by removing the Shop tab

Instagram, the popular social media platform owned by the US-based tech firm Meta, has reportedly announced to simplify the user experience by changing its in-app navigation after years of confusing updates. This step is aimed to boost vari....

China’s Ant Group receives approval to double its registered capital

Ant Group, the Chinese financial services company and a subsidiary of Alibaba Group, has reportedly received approval to nearly double its registered capital, marking an indication that authorities' concerns are being addressed. Appa....

Apple and Tesla stocks plummet over supply chain issues in China

American tech giant Apple and automotive company Tesla stocks have reportedly slumped due to increasing concerns regarding production delays in China. Apple's stock fell to its lowest level since June 2021. Following a similar path, ....

Netflix enters fitness content as it starts Nike Training Club  classes

Netflix, the popular American OTT streaming service and production company, has reportedly branched out into the fitness content industry as it officially announces that it will soon start showing Nike Training Club classes. In two diffe....

Air Senegal picks RateGain's Airgain to expand in the African market

RateGain Travel Technologies Ltd., the SaaS solutions provider for travel and hospitality has reportedly announced that the nationwide carrier of the Republic of Senegal, Air Senegal, has reportedly chosen RateGain's AirGain product to ....

Fintech decacorn Plaid joins the layoff wave; cuts 20% of its staff

Financial services company Plaid has reportedly announced that it is laying off 20% or 260 employees from its workforce. According to sources, the San Francisco-based startup's engineering team will be severely affected. The layoff a....

DeHaat secures $60 million in funding, tops $700 million valuation

Indian agritech firm DeHaat has reportedly raised $60 million in a new funding round as it looks forward to strengthening its footprint in the country and touching break-even profitability in two years. For the unversed, the startup provide....

Arada starts $544m project in Dubai, aims to grow in Saudi & Australia

UAE property developer Arada has launched a $544 million (Dh2 billion) project in Dubai as it cashes in on strong demand and seeks to grow in other markets like Saudi Arabia and Australia. According to Prince Khaled bin Alwaleed, Vice Ch....

YES WORLD transforming payments ecosystem, now accepted in Dubai

Many businesses can now use YES WORLD Token at several retail locations and business centers in Dubai, according to sources close to the development. Some of the prominent locations where this asset-based utility token is accepted include P....