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The Scoop South Africa’s finance minister is weighing appointing political allies to chair Africa’s largest pension fund manager, two sources familiar with his thinking told Semafor, a move that would keep the state’s control over the $200 billion state-owned money manager. Enoch

The largest electrical grid in the U.S. has struggled to cope with an onslaught of data centers. Now, after an auction to add more generating capacity fell short, the grid’s operator, PJM Interconnection, has said it will cut off data centers and other large users during power sh

Italian-made direct-to-consumer intimates brand Cosabella has been acquired by Crown Brands Group for an undisclosed amount, the brand management firm said Monday. Cosabella, founded in 1983, had been owned by Swiss company Calida Group since 2022. Via a licensing agreement, Rafa

Visa, which runs the world's largest payments network, plans to cut about 7% of its workforce as CEO Ryan McInerney moves to streamline the company and invest more in growth areas, according to a memo confirmed by CNBC. The company plans to eliminate roughly 2,600 positions, most

China’s chipmakers saw a 2,850% jump in first-half profits, suggesting Beijing’s efforts to build a domestic semiconductor industry are starting to pay off. The momentum was further bolstered by the blockbuster listing of memory chipmaker CXMT, seen as China’s best hope of buildi

The rapid rise of Chinese open-weight AI reignited the US debate over how to balance safety and security risks while driving the growth of the American tech ecosystem. Some fear that Silicon Valley will get hooked on cheap Chinese AI that’s accused of ripping off American labs, i

MOST POPULAR AI - Storage A requiem for Optane, Intel's KV Cache killer that could have eased the RAM price crunchWith microscopic latencies and otherworldly write endurance, it was perfect for today's AI workloads - but gone

High-end outerwear brand Canada Goose recently posted a short video to its social channels that clips together stunning shots of nature and people moving through unique and dangerous places: a tornado, an erupting volcano, a kayaker in rough waters and someone paragliding off a m

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BYD appears to be gearing up to debut a humanoid robot, a launch that could change the landscape of China’s physical AI sector. A social media post on Saturday hinted that the EV giant could unveil the product in early August — the company has already been deploying robots in its

Giga Computing, a GIGABYTE subsidiary, has announced support for AMD’s 6th Gen EPYC server processors across its server portfolio. The company also introduced its first system based on the AMD EPYC 9006 platform at AMD Advancing AI 2026 in San Francisco. AMD’s 6th Gen EPYC platfo

China’s crude imports have ticked up, but analysts said the rebound was unlikely to signal a return to pre-war levels. The increase reflects stranded cargoes clearing the Strait of Hormuz and more purchases of Russian oil, “rather than a meaningful improvement in refinery demand,

China’s redirecting of exports away from the US amid trade frictions is curbing inflation in other rich economies, according to Goldman Sachs. The disinflationary trend has been further boosted by reduced Chinese imports as a result of Beijing’s self-reliance policies, adding to

D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand. view ManagementX by Inc42 – India’s first Startup Management

PayPal is seemingly still open to Stripe’s $53.4 billion takeover bid, just not at the price the latter had offered. On the company’s Q2 2026 earnings call on Tuesday, PayPal CEO Enrique Lores didn’t fully shut down the idea of a deal, saying the company would consider a path tha

Dollar General brought back its annual Call for Small Businesses, inviting U.S.-based small businesses that haven’t sold at the retailer within the last 18 months to learn about opportunities to work with the company. Eligible businesses can apply online through Aug. 17 for a cha

Rare Beauty, the cosmetics brand founded by actor-singer Selena Gomez, has launched a global campaign in support of its second fragrance. Both the campaign and the eau de parfum are named Rare Beginnings. A 45-second hero spot directed by Hans Neumann features Gomez and draws ins

The Iran war is spurring record borrowing by Gulf states looking to harden their infrastructure and build trade routes that do not rely on the Strait of Hormuz. Countries including the UAE and Saudi Arabia are weighing billions in spending on new or expanded ports on the Red Sea

NetApp has acquired DataPelago, a California-based AI data infrastructure company. The acquisition extends NetApp’s data infrastructure portfolio with GPU-accelerated processing capabilities that operate at the storage layer, reducing the need to move enterprise data into separat

As a discerning AI investor who values style and substance, Sarah Guo knows this season’s standout accessory isn’t the latest designer purse — but what’s inside it. In a recent video, Guo, founder of AI-native venture capital firm Conviction and co-host of the AI podcast No Prior

X is launching its X Money app for paid X subscribers in the United States. Users get an X Visa debit card, which they can immediately add to Apple Pay and use to make instant peer-to-peer transfers within the app without fees or limits. They will also receive a physical X Visa d

OpenAI CEO Sam Altman says AI has entered the singularity — two weeks after OpenAI models cheated a benchmark by hacking Hugging Face OpenAI's incident report describes models burning inference compute to steal answers. OpenAI CEO Sam Altman recently declared on the Relentless po

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For years, WhatsApp calls have been supported only on the smartphone app or its native desktop app. Now Meta is finally letting users make and receive audio and video calls using WhatsApp for Web. Similar to the smartphone and desktop apps, the Calls tab on the web interface will

The News A group engaging political independents across the country is armed with new polling that shows non-affiliated candidates could be viable. The poll from Brett Loyd of the Bullfinch Group, commissioned for the Independent Center, surveyed voters for Montana’s Senate race,

The number of active businesses at the Dubai International Financial Centre has increased 30% over the past year to 10,018, according to figures issued by the hub. It is the first time the register has reached five figures, building on the 39% expansion in 2025. The number of reg

The Scoop Saudi Arabia is lobbying fellow G20 countries to support its bid to host the bloc’s 2030 meeting, according to people familiar with the matter, as part of a series of events intended to celebrate the country’s economic development under Crown Prince Mohammed Bin Salman

Brookfield raised $2 billion for a Middle East-focused private equity vehicle backed by Saudi Arabia’s Public Investment Fund. The new fund, which will be one of the largest focused on the region, reached a first close with unspecified commitments from PIF and other global and re

With the Strait of Hormuz and Bab el-Mandeb disrupted, Saudi Arabia’s crude has one last exit: Egypt’s Suez Canal. But the detour is costly: Reuters estimated the longer route adds about $2.5 million in shipping costs per journey to Asia, stretching a typical voyage to Taiwan fro

D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand. view ManagementX by Inc42 – India’s first Startup Management

D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand. view ManagementX by Inc42 – India’s first Startup Management

The Next AI Moat Isn’t a Better Model Everyone is betting on bigger models. But with physical AI, the intelligence isn’t the multiplier. Learning is. America | Tech | Opinion | Culture | Charts A billion machines will become autonomous or intelligent over the next ten years. Cars

The market for AI-generated voice models is massive. Creative use cases require AI voice models to be more expressive, while enterprises looking to automate customer support and sales ops need them to be more steerable. Palo Alto-based Fish Audio wants to cater to all of those us

Boeing reported a wider-than-expected loss for the second quarter as the aircraft manufacturer's long-delayed Air Force One program weighed down results. Boeing took a $280 million loss on the program to deliver two 747s that will serve as the next-generation Air Force One aircra

MOST POPULAR AI - Storage A requiem for Optane, Intel's KV Cache killer that could have eased the RAM price crunchWith microscopic latencies and otherworldly write endurance, it was perfect for today's AI workloads - but gone

The world is facing a resurgence of HIV cases after global funding fell to its lowest level in nearly two decades last year, putting tens of thousands of lives at risk. Washington accounted for almost three-quarters of international AIDS funding before US President Donald Trump s