Britain’s King Charles III is now set to receive a significant pay raise of £45 million after profits at The Crown Estate more than doubled, reaching an impressive £1.1 billion in the 2023-24 financial year. These profits, which experienced a 148% increase, have resulted in the Sovereign Grant, which funds the official duties of the
World
Wiz has decided to walk away from a lucrative $23 billion acquisition deal with Google in order to pursue its initial plan of going public. This decision was communicated to the company’s employees through a memo from co-founder Assaf Rappaport, who stated that it was a tough choice to turn down such a tempting offer.
The unexpected rate cut by China’s central bank has sent shockwaves through the Asia-Pacific markets. The move to lower the short-term 7-day reverse repurchase rate, as well as the one-year and five-year loan prime rates, caught economists off guard as they were not anticipating any changes. This decision has raised concerns about the state of
Berkshire Hathaway, under the leadership of Warren Buffett, has implemented a significant share buyback program in recent years. This move is seen as an effective way to reward long-term shareholders and increase their wealth without the need for additional investment. According to Berkshire analyst Greggory Warren, the conglomerate has repurchased nearly $75 billion worth of
The aftermath of a faulty software update from cybersecurity firm CrowdStrike has left the world reeling from massive business and travel disruptions. With malicious actors seizing the opportunity to exploit the chaos, government cybersecurity agencies and CrowdStrike CEO George Kurtz are issuing warnings about new phishing schemes. These schemes involve malicious actors posing as CrowdStrike
A recent update by cybersecurity firm CrowdStrike resulted in a major outage that affected businesses worldwide. This outage, caused by a rollback of the problematic update, led to technical issues across various industries, including airlines, banks, and telecom companies. This article explores the widespread impact of the CrowdStrike update outage and the challenges faced by
Germany is set to make significant cuts in the funds allocated to strengthen partner states in security, defense, and stabilization, according to the draft of the country’s 2025 budget. The budget outlines a reduction from 7.5 billion euros allocated in 2024 to 4 billion euros in 2025 for support to partner countries. This decrease in
Donald Trump, the former U.S. President, recently made controversial comments regarding Taiwan’s defense. He stated that Taiwan should pay the U.S. for defense, as he believes the country “doesn’t give us anything.” This statement has stirred up questions about the relationship between the two countries and the implications of such demands. Trump’s assertion that Taiwan
The atmosphere was electric as former President Donald Trump made his first public appearance at the Republican National Convention in Milwaukee. Despite facing an assassination attempt just days before, Trump arrived at the event wearing a bandage over his right ear but otherwise in good spirits. The crowd erupted into cheers and chants as he
Bitcoin experienced a significant surge, reaching a two-week high on Monday, as speculations surrounding the U.S. presidential election intensified. The value of the world’s largest cryptocurrency soared by 6% to $63,594.39, according to CoinGecko. The rally was attributed to the betting markets indicating a higher probability of victory for the crypto-friendly candidate, Donald Trump. The