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Higgsfield, an AI video generation platform founded by former Snap (NYSE:SNAP) executive Alex Mashrabov, has raised $400 million at a $5.4 billion valuation as the two-year-old start-up expands its push into corporate subscriptions. The round comes eight months after the company raised $80 million …
A flood of foreign-currency bond issuance by major technology companies is reshaping smaller global credit markets, pushing borrowing costs higher and prompting local issuers to adjust the timing of their own deals, according to investors. Silicon Valley hyperscalers, including Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL), …
UK Prime Minister Andy Burnham received an unexpected boost in his first week in office when data showed inflation had fallen to a 15-month low in June. But continuing hostilities in the Middle East mean economists expect that respite to prove short-lived. Official figures …
The US president has threatened to strike Oman if the Gulf state interferes with Washington's efforts to reach a deal with Iran to reopen the Strait of Hormuz. The comments were made in response to a reporter's question about parallel talks between Iran and …
Ukraine's air-defence crews were unable to intercept a single ballistic missile during recent Russian attacks on Kyiv, officials said, after the country exhausted the limited number of Patriot interceptors provided by Washington in recent weeks. The shortage of the only weapon capable of shooting …
The US government has discussed new sanctions against a Brazilian Supreme Court judge as a diplomatic crisis threatens to push relations between the two countries to their lowest point in decades. The Trump administration has considered renewed action against Justice Alexandre de Moraes, who …
Leading US AI labs including OpenAI and Anthropic are releasing cheaper models as they compete to retain cost-conscious customers increasingly drawn to lower-priced alternatives from Chinese rivals. The price war comes as rising AI bills prompt companies to curb usage and seek cheaper options, …
The US president has directed the Pentagon to substantially reduce forthcoming joint military exercises with South Korea, saying the drills send a hostile message to North Korea, a country he described as not posing a threat to Washington. In aSocial Mediapost, he cited his …
Mark Walter, who built one of the largest privately held sports and investment empires in the world, is now at the centre of a US prosecutor investigation into allegations that insurers he controls lent to other parts of his investment empire without disclosing those …
Major carmakers including Volkswagen, Stellantis and Toyota are turning to new blends of motor oil and lubricants to ease a serious supply shortage caused by the ongoing Middle East conflict. After managing through the early months of the war using existing inventories, carmakers have …
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