U.S. Commerce Department Supports Chip Technology Startup Led by Former Intel CEO
The U.S. Department of Commerce is investing up to $150 million in xLight Inc., a chip technology startup led by former Intel CEO Pat Gelsinger.
Two South Koreans Join Billionaire Club After Completing $4.1 Billion Cryptocurrency Deal
Two South Koreans became billionaires after selling their crypto exchange in a $4.1B deal, per Bloomberg.
Microsoft Appoints Mohamed Kassem as General Manager in Egypt to Lead Digital Transformation
Microsoft names Mohamed Kassem as Egypt GM to drive digital transformation, focusing on AI, cloud, and local leadership from Dec 2025.
Airbus: Most A320 Aircraft Recalled Have Been Modified Now
Airbus modified most A320s after a security issue, averting a crisis. Fewer than 100 remain unmodified, with some airlines facing delays.
Jefferies Expands Into Saudi Private Credit
Jefferies Financial Group Inc. is making its first foray into Saudi Arabia’s private credit space, leading a $125 million financing deal for finance s
FedEx Layoffs in Texas: Key Facts from Recent Reports
FedEx to cut 856 jobs in Coppell, Texas, due to a client relocation, with layoffs starting January 2026 and site closure by April 2026.
ADNOC Eyes Lukoil's International Assets as U.S. Sanctions Loom
ADNOC eyes Lukoil and Gazprom assets as US sanctions force Russian divestments, aiming to expand globally via XRG amid regulatory hurdles.
DHL to pour €130 million ($150 million) into massive new logistics hub in Riyadh
Deutsche Post DHL Group has announced it will invest €130 million (around $150 million) to build a state-of-the-art logistics
Saudi Egyptian Investment Company Earns $236 Million from Alexandria Container Handling Deal
Saudi Egyptian Investment Company made $236M profit selling its stake in Alexandria Container Handling to Abu Dhabi Ports for $363M.
Cloudflare Outage Costs Global Economy Up to $60 Billion as X, ChatGPT, and Fortune 500 Companies Go Dark
A Cloudflare outage on Nov 18, 2025, disrupted major sites, costing up to $60B globally; a bug, not a cyberattack, caused the issue.
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