Adidas Raises 2026 Profit Forecast After Strong Third-Quarter Performance
Adidas shares climbed 3.3% in early Frankfurt trading on Wednesday after the German sportswear manufacturer upgraded its full-year profit outlook following stronger-than-expected third-quarter performance. The company expects its 2026 operating profit to reach approximately €2.5 billion, compared with its previous target of €2.3 billion when including a US tariff refund and planned reinvestment. The revised…
Google Launches TorchTPU to Challenge Nvidia’s Dominance in AI Computing
Google is stepping up its efforts to challenge Nvidia’s dominance in artificial intelligence infrastructure by introducing TorchTPU, an open-source project designed to help developers run AI applications on Google’s proprietary Tensor Processing Units (TPUs). The launch comes just a day after Amazon introduced its own PyTorch-based development tool, TorchNeuron, highlighting how major cloud providers are…
Melius Raises $25 Million to Build AI Platform for Automated Ad Creation
AI startup Melius has raised $25 million to expand its platform for creating advertising campaigns, images and videos, after its founders abandoned their original product and rebuilt the company around AI-powered creative production. The funding includes a $20 million Series A led by CRV and a $5 million seed round led by General Catalyst. Melius…
Oman Ratifies UAE Rail Link Agreement as $2.5 Billion Hafeet Rail Project Moves Forward
Oman has formally ratified its railway agreement with the United Arab Emirates, clearing another regulatory milestone for the $2.5 billion Hafeet Rail project as construction advances on the planned cross-border railway. The agreement was approved under Royal Decree No. 75/2026, one of 10 Royal Decrees issued by Sultan Haitham bin Tarik. The bilateral agreement was…
NHTSA Probes Tesla Cybercab Launch Over Missing Steering Wheel and Pedals
U.S. federal regulators have opened an investigation into Tesla’s launch of its Cybercab autonomous vehicle, focusing on the decision to deploy vehicles on public roads without conventional steering wheels or brake pedals. The National Highway Traffic Safety Administration (NHTSA) launched the inquiry shortly after Tesla began putting its first Cybercabs into service in Austin, Texas….
Volkswagen Eyes Defence Production for Osnabrück Plant as Restructuring Accelerates
Volkswagen has reached a preliminary agreement that could transform its Osnabrück facility from an automotive plant into a defence production site, marking a significant step in the German automaker’s sweeping restructuring efforts. The proposed deal would see Volkswagen sell the Osnabrück factory to Aurelius Capital, together with Germany’s Lower Saxony state. The transaction could help…
EU Antitrust Regulators Examine Oracle Cloud Licensing Practices
Oracle’s software licensing practices are drawing scrutiny from European Union antitrust regulators, according to a person familiar with the matter, potentially opening a new competition challenge for the US cloud computing giant. The European Commission has been seeking information from third parties about Oracle’s licensing practices, the person said. The information-gathering exercise could help regulators…
Musk’s SpaceX Turbine Push Could Ease AI Power Crunch — but Raises Pollution Concerns
Elon Musk says SpaceX is developing an in-house manufacturing capability that could accelerate the production of natural gas turbines needed to power the rapidly expanding AI data center industry. Musk confirmed on Saturday that a SpaceX facility under construction in Bastrop, Texas, will include a foundry for manufacturing turbine blades and vanes. The move is…
Microsoft Works on Fix as Outlook Outage Disrupts Exchange Online Services
Microsoft is testing a fix for a widespread, multi-hour outage that disrupted Outlook and other Exchange Online services, affecting email delivery, authentication and related functionality. The company confirmed the disruption on Monday, saying users were experiencing degraded performance across its cloud-based Exchange Online platform, which supports business email, calendars, contacts and tasks. Microsoft initially investigated…
Kotak 811 Savings Account: Complete Guide to Eligibility, Features, Charges & Account Opening
Opening a savings account has become much easier with digital banking. Instead of visiting a branch and completing a paper-based application, eligible customers can now begin the account-opening process through a smartphone. Kotak 811 is Kotak Mahindra Bank’s digital savings-account offering, designed for customers who prefer opening and managing their banking relationship digitally. The account…
