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Parafin, an embedded financial infrastructure company on the 2026 Forbes Fintech 50 list, has secured a new credit facility led by Goldman Sachs alongside One William Street Capital Management. The facility will expand access to embedded lending for small businesses through platforms including Amazon, DoorDash, Gusto, TikTok Shop, and Walmart. The company’s model is straightforward. […]
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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Samsung has officially announced the date for its next Galaxy Unpacked event, where it is expected to unveil the Galaxy Z Fold8, Galaxy Z Fold8 Ultra, and Galaxy Z Flip8. In a press release, the company confirmed that Galaxy Unpacked will take place in London, UK, on July 22. Samsung also shared a teaser video featuring the tagline "A New Shape Unfolds," hinting at its upcoming wide foldable, which is... Read more ›
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The Islamic Development Bank arm will deploy the three-year facility across energy, food security and private sector lending in The Gambia. Read more ›
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Consortium led by industrialist Michał Sołowow unveils plan to build 14 small modular reactors across three British sites as part of a £35bn scheme. Read more ›
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The Next Web
Meta will have to defend in court the accusation that it built Facebook and Instagram to addict children, after a federal judge on Monday refused to dismiss the heart of a lawsuit brought by attorneys general from 29 states. US District Judge Yvonne Gonzalez Rogers, sitting in Oakland, California, let the states press claims that Meta […] This story continues at The Next Web Read more ›
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Microsoft is preparing to cut under 2.5% of its workforce in another round of layoffs, according to a Business Insider report picked up on Tuesday. The reductions could be announced as soon as next week, and they would affect thousands of roles across the company. Sales and consulting teams are in the frame, alongside jobs […] This story continues at The Next Web Read more ›
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The US Commerce Department has lifted the export controls it placed on Anthropic’s most advanced models, ending a roughly three-week freeze that had pulled the company’s Claude Fable 5 offline. Reuters first reported the move on Tuesday, 30 June, citing a person familiar with the decision. Within hours, Anthropic confirmed it on the record in […] This story continues at The Next Web Read more ›
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Asia’s factories grew again in June, and the global scramble for AI hardware is doing much of the lifting, according to survey data published this week. Brisk demand for chips, servers, and data-centre equipment kept order books full even as the Iran war pushed up energy costs and lengthened shipping times across the region. The […] This story continues at The Next Web Read more ›
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South Korea’s competition regulator has accused Google of abusing its dominant position in the Android app market, and signalled it will recommend corrective measures and a financial penalty. The Korea Fair Trade Commission said on Wednesday that its Market Surveillance Bureau found conduct affecting 14.16 trillion won, or roughly $9.1bn, in relevant revenue, according to Reuters. […] This story continues at The Next Web Read more ›
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Lime has priced its US initial public offering at $25 a share, according to Bloomberg News. That is the midpoint of the $24 to $26 range the company had marketed. The offering raised roughly $174m in total. Neutron Holdings, the corporate entity behind Lime, sold 6.68 million shares in the deal. Shareholders including chief executive Wayne […] This story continues at The Next Web Read more ›
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Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run by an independent company named Open Standard, is a direct swipe at the economics that have made Circle and Tether the dominant issuers in the sector. […] This story continues at The Next Web Read more ›
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Bending Spoons, the Milan software group that owns Vimeo, WeTransfer and Evernote, has priced its US initial public offering above the marketed range to raise $1.68bn. The company and existing shareholders, including Baillie Gifford, sold 57.97 million shares at $29 each, according to a statement reported by Bloomberg. That is above the $26 to $28 range […] This story continues at The Next Web Read more ›
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CBC plans to raise its annual technology spending to more than $771mn, according to Bloomberg, as Singapore’s second-largest lender leans harder into AI and digital banking. The increase marks one of the first strategic signals from Tan Teck Long, who took over as group chief executive on 1 January 2026. Tan succeeded Helen Wong, who retired at […] This story continues at The Next Web Read more ›
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Apple chief executive Tim Cook and the European Union’s technology chief spoke by video call on Monday, and both sides came away describing the exchange as “constructive”. That word is doing a lot of work. Executive Vice-President Henna Virkkunen, who oversees the bloc’s digital rulebook, held the meeting with Cook on 30 June. An EU […] This story continues at The Next Web Read more ›
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08.07.2026 01:22
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