Category: Business

September 11, 2025 📈 Amsterdam-based neocloud provider Nebius Group saw its shares soar over 60% in extended trading on Monday following the announcement of a landmark US$19.4 billion infrastructure agreement with Microsoft. The five-year deal will supply dedicated cloud capacity from Nebius’s new data centre in Vineland, New Jersey, beginning later this year. The agreement […]

September 10, 2025 📈 Oracle Corporation (NYSE: ORCL) surged 26.8% in after-hours trading on Tuesday, reaching $306.14, after reporting robust cloud growth projections and a sharp rise in contracted revenue, despite flat statutory net income for Q1 FY26. CEO Safra Catz described the quarter as “astonishing,” citing a 359% year-over-year increase in remaining performance obligations […]

The number of children receiving school meals through government-led programmes has gone up by 20 per cent since 2020, found the latest edition of the WFP’s flagship biennial report The State of School Feeding Worldwide. Now, nearly 80 million more children are able to enjoy nutritious meals at school, bringing the global total to approximately 466 million. […]

September 10, 2025 ✈️ U.S. budget carrier Avelo Airlines has placed a landmark order for up to 100 Embraer E195-E2 aircraft, valued at $4.4 billion at list prices, marking the second-largest fleet investment in its history. The deal includes 50 firm orders and purchase rights for 50 additional jets, positioning Avelo as the first U.S. […]

SAN FRANCISCO – Electronic Frontier Foundation Executive Director Cindy Cohn will step down by mid-2026 after more than 25 years with the organization and a decade as its top officer leading the fight for digital freedoms.  EFF – defending digital privacy, free speech, and innovation since 1990 – is launching a search for Cohn’s successor.  […]

Iberdrola is a world leader in clean energy, operating over 5,000 MW of installed photovoltaic capacity in Spain. Maintaining this vast network requires rigorous inspections to ensure reliability and safety. Currently, these inspections are performed manually – teams walk through sprawling, remote solar fields with handheld thermal cameras, often covering tens of kilometers over several […]

Criminal actors across Southeast Asia have increasingly exploited the vulnerabilities of Americans online.  In 2024, Americans lost at least $10 billion to scam operations in Southeast Asia, according to a U.S. government estimate. In response, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today imposed sanctions on nine targets involved in […]

SpaceX has finalized a $17 billion agreement to acquire EchoStar Corporation’s AWS-4 and H-block spectrum licenses, marking one of the largest spectrum transactions in U.S. history. The deal includes up to $8.5 billion in cash and an equivalent amount in SpaceX stock, along with a commitment to cover approximately $2 billion in EchoStar’s debt interest […]

SAN FRANCISCO — OpenAI is set to co-design and produce its own artificial intelligence chips in partnership with Broadcom, in a deal reportedly exceeding $10 billion. The initiative marks a strategic pivot to reduce reliance on NVIDIA and secure long-term control over its compute infrastructure. The chips, internally referred to as XPUs, are tailored for […]

School is back in session! Perfect timing to hit the books and catch up on the latest digital rights news. We’ve got you covered with bite-sized updates in this issue of our EFFector newsletter. This time, we’re breaking down why Wyoming’s new age verification law is a free speech disaster. You’ll also read about a big […]