World Updates
Financial issues during the construction of an international airport led to accusations of corruption among former Nepali ministers, officials, and a Chinese business. In one of the largest instances of its kind in the Himalayan country, the Commission for Investigation of Abuse of Authority filed charges against 55 individuals and China CAMC Engineering Company Limited … Read more
After Amazon.com (NASDAQ:AMZN) announced a major expansion of its same-day delivery service for perishable products to over 2,300 cities and towns across the United States, Instacart (NASDAQ:CART) shares dropped 7%. The e-commerce behemoth announced plans to keep growing the service in 2026, putting further pressure on specialized grocery delivery services like Instacart. According to Amazon’s … Read more
In a joint appearance with CNN’s Dana Bash, Democratic Pennsylvania Governor Josh Shapiro and Republican Utah Governor Spencer Cox denounced the surge in political violence and urged politicians, including President Donald Trump, to contribute to bringing down the nation’s temperature. The president’s remarks against Democratic Representative Ilhan Omar of Minnesota during a rally in Pennsylvania … Read more
On December 10, Tata Consultancy Services said that it will purchase Coastal Cloud, an advising and AI services company, for $700 million in cash. The anticipated completion date of the deal is January 31, 2026. $700M Salesforce Services Deal According to TCS’s stock market filings, “Coastal Cloud has an enterprise value of up to $700 … Read more
To bolster its long-term growth plan in India, Tata Steel has announced a number of brownfield expansion and backward integration initiatives. The business and Lloyd Metals & Energy (LMEL) have inked a memorandum of understanding for the combined construction of a greenfield, two-phase, 6 million-ton steel factory in Gadchiroli, Maharashtra. Additionally, both businesses will work … Read more