On Monday, Squarespace, the website-building platform, announced its decision to transition into a private entity through a $6.9 billion all-cash acquisition deal with private equity firm Permira, concluding nearly three eventful years on the public market. Under the agreement, Permira ...

The Biden administration has announced a grant of up to $120 million to Polar Semiconductor to facilitate the expansion of its chip manufacturing facility in Minnesota. This move is part of a broader initiative to reinforce the semiconductor supply chain ...

Chinese authorities have initiated plans to issue Rmb1tn ($140bn) of long-dated bonds, aiming to boost spending to stimulate the economy. The People’s Bank of China has solicited advice from brokers regarding the pricing of the initial batch of sovereign bonds, ...

Jim Simons, a former math professor who transitioned into hedge fund management, passing away at the age of 86 in his Manhattan residence, was announced by his foundation on Friday. Simons, renowned for his mathematical prowess and tenure as the ...

This week saw the inauguration of what claims to be the world’s largest carbon capture facility, embarking on the literal extraction of carbon from the atmosphere. Initiated by Swiss company Climeworks, the plant named “Mammoth” commenced operations in Iceland commencing ...

A lawsuit brought by Elon Musk’s X against Israel’s Bright Data, centered on the scraping of public online data and its permissible usage, has been dismissed by a federal judge in California. X, previously known as Twitter, accused Bright Data ...

A federal jury in Delaware has ordered Microsoft to pay $242 million to patent holder IPA Technologies after finding that Microsoft’s Cortana virtual assistant software infringed on an IPA patent. The jury sided with IPA following a week-long trial, concluding ...

Iraq’s oil minister emphasized on Saturday that Iraq had implemented adequate voluntary oil production reductions and would resist any additional cuts proposed by OPEC+ at its forthcoming meeting in early June. Sources familiar with the matter revealed that OPEC+ members, ...

Researchers at the University of Ottawa in Canada have looked into the impacts of utilizing an artificial ground reflector in large-scale bifacial PV plants and have discovered that it can enhance a facility’s power generation by up to 4.5%. Lead ...

Alibaba has been strategically utilizing its extensive cloud computing infrastructure to emerge as a key investor in China’s burgeoning artificial intelligence (AI) start-ups, deviating from conventional cash-for-equity funding models by offering them credits to access the scarce network resources essential ...