Finance
Microsoft Planning Significant Xbox Gaming Division Workforce Reduction: Reports
June 25, 2025 – According to a recent report from Bloomberg, Microsoft is gearing up for a significant round of layoffs within its Xbox gaming division as early as next week, with the potential to impact the entire team. The tech giant has chosen to remain tight-lipped regarding these planned layoffs, declining to offer any…
Riot Games Shutters Hypixel Studios, Halts Hytale Development Amidst Creative Challenges
June 24, 2025 – Hypixel Studios has officially announced its closure and the discontinuation of the highly anticipated game, Hytale, which aimed to blend action role-playing elements with the sandbox creativity reminiscent of Minecraft. The development journey of Hytale predates the 2020 acquisition of Hypixel Studios by Riot Games, the renowned developer behind hits like…
TDK Expands AI Ecosystem with Acquisition of Smart Glasses Innovator SoftEye
June 20, 2025 – TDK Corporation, a leading Japanese electronics company, announced today its acquisition of SoftEye, a U.S.-based developer of advanced smart glasses hardware and software solutions. The move is part of TDK’s broader strategy to expand its presence in the AI ecosystem. SoftEye specializes in creating customized chips, cameras, software, and algorithms tailored…
TikTok Set to Launch Live Shopping in Japan This Month
June 18, 2025 – According to a report by Nikkei News on the 17th, TikTok is gearing up to launch its e-commerce operations in Japan as early as the end of this month. The platform’s key selling point will be its “live shopping” feature, which allows users to view products being demonstrated in real-time during…
Renault CEO de Meo’s Sudden Departure: Eyes on Kering’s CEO Role
June 17, 2025 – Luca de Meo, the Chief Executive Officer of Renault Group, has revealed his intention to step down from his position effective July 15, aiming to “explore new challenges outside the automotive sector.” According to Le Figaro, de Meo is set to take on the role of CEO at Kering, the parent…
Nissan CEO Unveils Plans to Trim Renault Stake
June 16, 2025 – On Monday, the Nikkei Business Daily reported that Nissan Motor Co.’s CEO, Ivan Espinosa, has announced the company’s intention to reduce its stake in its French partner, Renault SA. Based on the current stock prices, selling the entirety of Nissan’s 5% shareholding in Renault could potentially raise approximately 100 billion yen….
Adobe Surpasses Q2 Revenue Expectations, Projects 235B−236B Annual Earnings
June 13, 2025 – Adobe has recently unveiled its financial results for the second fiscal quarter, revealing a revenue of 5.87billion.Thisfiguresurpassedanalysts′projections,whichhadanticipatedearningsof5.80 billion. Looking ahead, the company has provided guidance for the upcoming third fiscal quarter, projecting revenues between 5.88billionand5.93 billion. Within this outlook, Adobe expects its digital media segment to generate between 4.37billionand4.40 billion. For…
TikTok Unveils Major UK Expansion: 500+ New Jobs & a New Office on the Horizon
June 10, 2025 – On Monday, TikTok unveiled its plans to significantly ramp up its investment in the United Kingdom, with the creation of 500 new job positions. The UK stands as TikTok’s largest user base in Europe. In a statement, TikTok mentioned, “This year, the total number of TikTok employees in the UK will…
Tesla’s $380B Market Cap Wipeout: The Year’s Worst-Performing Blue Chip in U.S. Stocks
June 9, 2025 – Tesla has emerged as one of the worst-performing blue-chip stocks this year amid a confluence of factors, including sluggish electric vehicle sales, political controversies surrounding Elon Musk’s ties to far-right groups, and a recent public spat with former U.S. President Donald Trump. The electric vehicle giant’s shares took a significant hit…
UK Unveils £86 Billion Investment Plan to Boost Battery, AI and Multi-Sector R&D
June 9, 2025 – The British government has unveiled a major announcement today, revealing plans to allocate a staggering £86 billion over the next several years, stretching up to the fiscal year 2029/30, to bolster research and development (R&D) across multiple sectors. Chancellor of the Exchequer Rachel Reeves is set to officially declare this ambitious…