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Palantir beats Wall Street expectations amid Trump immigration crackdown
CEO Alex Karp hails ‘iconic’ financial results despite criticism over contracts with ICE and homeland security Palantir celebrated its latest financial results on Monday, as the tech company blew past Wall Street expectations and continues to prop up the Trump administration’s push to deport immigrants. Palantir has secured millions of dollars in federal contracts amid…
Amazon tells workers it will cut 16,000 jobs worldwide in second big wave of layoffs
Workers informed after message erroneously said affected employees in US, Canada and Costa Rica had already been told Business live – latest updates Amazon has told workers it is cutting 16,000 jobs around the world to streamline its operations, hours after sending out a message to staff about the layoffs apparently in error. It is…
TikTok announces it has finalized deal to establish US entity, sidestepping ban
Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX TikTok announced on Thursday it had closed a deal to establish a new US entity, allowing it to sidestep a ban and ending a long legal battle. The deal finalized by ByteDance, TikTok’s Chinese owner, sets up a majority American-owned…
The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026
OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOs You’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at…
Bezos’s Blue Origin announces plans to deploy thousands of satellites in 2027
Deployment will serve data centers, governments and businesses, jumping into market dominated by SpaceX Jeff Bezos’s space company Blue Origin on Wednesday announced a plan to deploy 5,408 satellites in space for a communications network that will serve data centers, governments and businesses, jumping into a satellite constellation market dominated by Elon Musk’s SpaceX. Deployment…
Elon Musk floats idea of buying Ryanair after calling CEO ‘an idiot’
Tesla boss clashed with Michael O’Leary when airline boss rejected installing Starlink technology on aircraft Business live – latest updates Elon Musk has floated the idea of buying the budget airline Ryanair, escalating his public spat with the Irish carrier’s boss, Michael O’Leary. The two outspoken businessmen have locked horns since last week, when O’Leary…