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Alibaba dumps logistics arm IPO; to buy rest of Cainiao stake for up to $3.8 billion

(Reuters) -Alibaba Group said on Tuesday its logistics unit, Cainiao Smart Logistics Network, has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange. Alibaba

MercadoLibre to increase investments in Brazil to $4.6 billion in 2024

SAO PAULO (Reuters) - Latin American e-commerce giant MercadoLibre said on Tuesday it plans to invest a record 23 billion reais ($4.6 billion) in 2024 in Brazil, its main market, a 21.1% increase from

Vodafone Germany: 400-million-eur restructuring to affect 2,000 jobs

BERLIN (Reuters) - Vodafone Germany said on Tuesday that it aims to save around 400 million euros ($434.48 million) over the next two years as part of a transformation programme that will affect some

Nvidia supplier SK Hynix plans to invest $4 billion in Indiana, WSJ reports

By Arsheeya Bajwa and Joyce Lee (Reuters) -South Korean chipmaker SK Hynix, an Nvidia supplier, is planning to invest roughly $4 billion to build an advanced chip packaging facility in West Lafayette,

Sam Altman’s Worldcoin ordered to stop data-collection in Portugal

LONDON (Reuters) - Portugal's data regulator has ordered Sam Altman's iris-scanning project Worldcoin to stop collecting biometric data in Portugal for 90 days, the regulator said in a statement on

SK Hynix plans to invest $4 billion in Indiana, WSJ reports

(Reuters) - South Korean chipmaker SK Hynix, an Nvidia supplier, is planning to invest roughly $4 billion to build an advanced chip packaging facility in West Lafayette, Indiana, the Wall Street

Atos CEO says group’s current struggles don’t affect Olympics IT

PARIS (Reuters) - The current financial troubles at French IT firm Atos won't harm the company's ability to handle and secure sensitive data of this year's Olympic Summer Games in Paris, its chief

France’s Atos opens debt restructuring talks after posting record losses

By Augustin Turpin and Mathieu Rosemain (Reuters) -Atos, the crisis-hit French IT consulting firm whose shares plummeted over the last two years, said it was aiming to restructure its heavy pile of

France’s Atos seeks debt restructuring plan by July after widening losses

By Augustin Turpin (Reuters) -French IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday, after posting record annual losses as uncertainty looms of the

France’s Atos seeks debt restructuring plan by July after record losses

By Augustin Turpin (Reuters) -French IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday, after posting record annual losses as uncertainty looms of the

On Camera

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

US pilot says his team pulled out of Dubai Air Show after Tejas crash out of respect for IAF pilot

Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.