In a new report, the firm alleges Icahn Enterprises has used “inflated” asset valuations. The short seller has also targeted Adani Group and payments company Block this year. The shorter seller that took on Asia’s richest man is targeting the business empire run by another billionaire: Carl Icahn. Hindenburg Research, which earlier this year released … Read more
Midea Group Co. is exploring a potential acquisition of Electrolux AB, according to people familiar with the matter, a bold move by the Chinese home appliance giant to add the higher-end luxury Swedish brand despite potential political opposition. Midea made a preliminary approach in recent weeks to the white-goods manufacturer about a potential deal, said … Read more
AI has already changed the game for cybercriminals. The barrier to entry has never been lower, which means it has never been easier to commit cybercrime. According to a research by McAfee’s upcoming report, ‘The Artificial Imposter’, reveals how AI technology is fuelling a rise in online voice scams. McAfee’s researchers discovered that they had … Read more
U.S. Citizenship and Immigration Services, the federal agency that awards H-1B visas, said it has found that a small number of companies are responsible for entering the same applicants into the lottery multiple times, with the alleged goal of artificially boosting their chances of winning a visa. The findings were laid out in a notice … Read more
Musk reportedly felt the AI company was not paying enough for access, per the publication. He has been cautious about the tech for some time but is known to be working on his own AI project. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the … Read more
Finance minister Nirmala Sitharaman on Friday said the Union government was committed to privatization. Speaking at the launch of veteran banker Narayanan Vaghul’s book Reflections, Sitharaman said the government believes that it should not be doing business where it is not meant to be. “Since 1947, for the first time, the word privatization was used … Read more
Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both the public and media organizations. The feature, to be rolled out in May, will enable users who do not “sign up … Read more
Indian ambassador Ruchira Kamboj was speaking at a session convened by Russia that called for a discussion on how to make multilateralism effective “by defending the UN Charter”. File With another year of meetings on reforming the United Nations — and particularly the question of the expansion of the Security Council — coming to a … Read more
C. Rangarajan, former chairman of the Economic Advisory Council to the Prime Minister, on Friday said the Reserve Bank of India (RBI) and the Centre should work together, understand each other and try to see that basic principles are implemented without sacrificing the particular stand of the institutions concerned. Mr. Rangarajan, who is chairman of … Read more