Adani Ports jumps after winning an Israel port for $1.2 billion.

Adani Ports & Special Economic Zone Ltd.’s shares rose on Friday after a joint venture led by the Indian port operator won an Israel government’s tender to buy the Haifa Port for 4.1 billion shekel ($1.2 billion).The company, helmed by Asia’s richest man Gautam Adani, and its partner Gadot...

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Elon Musk scraps $44 billion Twitter deal over ‘misleading representations’.

Elon Musk said he’s terminating his $44 billion agreement to acquire Twitter Inc. and take it private, saying the company has made “misleading representations” over the number of spam bots on the service.Twitter hasn’t “complied with its contractual obligations” to provide information about...

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Party’s over: Airbnb bans events permanently.

Airbnb has made permanent its pandemic-era prohibition of parties at the properties rented out globally through its app, saying Tuesday the rules have been effective against problematic events.The rental platform has gradually tightened its policies on parties after complaints and some high-profile trouble,...

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Zomato sheds nearly $1 billion in valuation over 2 days after Blinkit deal.

Shares of India's Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company's deal to buy local grocery delivery startup Blinkit.The Ant Group-backed food delivery firm said on Friday it would acquire Blinkit for 44.47...

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Airbnb is giving away $10 million to build the craziest places on the planet.

Airbnb Inc. has launched a $10 million fund to inspire the creation of the wackiest and most unique property destinations on the planet.The vacation-rental site will offer 100 people $100,000 to create unforgettable stays, like a “livable donut in the desert,” according to the application form....

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Amazon opens its largest delivery station in Abu Dhabi, creates hundreds of jobs.

Amazon on Thursday announced the opening of its largest delivery station in Abu Dhabi in time for the upcoming Prime Day event this July.The 4,700 sqm state-of-the-art delivery station is the second largest in the country and provides same-day and one-day deliveries to customers across the city, including...

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Warren Buffett gives over $ 4 billion to charity as part of his annual pledge.

Warren Buffett gave Berkshire Hathaway Inc. shares valued at about $4 billion to charities including the Bill & Melinda Gates Foundation, part of the annual plan he started more than a decade ago.The more than 14 million Berkshire Class B shares were donated to a total of five philanthropies, including...

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SpaceX raises $1.68 billion, under its targeted financing goal.

Elon Musk’s SpaceX raised $1.68 billion in fresh financing, less than what it had offered investors for a stake in the closely held rocket launch and satellite company. Hawthorne, California-based Space Exploration Technologies Corp., as it’s formally known, sold the equity to a group of 74 investors...

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Google loses defamation case against Australian politician, to pay $500,000 in damages.

Australia's federal court ordered Google on Monday to pay more than $500,000 in damages to a politician after finding he had been defamed by a comedian's videos hosted on YouTube. John Barilaro was deputy premier of the state of New South Wales in 2020, when an Australian comedian known as friendlyjordies...

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Apple App Store blocks $1.5 billion worth of fraudulent transactions.

There are some big numbers to process as part of Apple’s annual fraud prevention analysis report for 2021. The tech giant recently informed that last year, the various mechanisms in the App Store stopped nearly $1.5 billion worth of fraudulent transactions, and more than 1.6 million risky and vulnerable...

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