Industry

Disney Invests $1.5 Billion in ‘Fortnite’ Video Game Maker Epic Games

Disney Invests $1.5 Billion in ‘Fortnite’ Video Game Maker Epic Games

Disney is investing $1.5 billion in Epic Games, its biggest venture yet in the gaming industry. Disney announced on Wednesday that it will invest $1. 5 billion in Epic Games, marking its largest venture into the gaming industry to date.


Houthi Rebels Fired at 2 Commercial Ships in Red Sea Days After US, UK Hit Dozens of Houthi Targets in Yemen

The Iranian-backed Houthi rebels fired missiles at two commercial vessels in the Red Sea on Tuesday, the first attacks since the US and UK launched strikes against dozens of Houthi targets in Yemen over the weekend.

Taiwan Chip Giant TSMC to Build Second Japan Factory, With Sony and Toyota Also Investing in the Venture

Taiwan Semiconductor Manufacturing Co. (TSMC) has announced its plan to establish a second manufacturing plant in Japan, with support from tech giant Sony and carmaker Toyota.

ESPN, Fox, and Warner Bros. Discovery Team up for New Sports Streaming Service

Walt Disney's ESPN, Fox, and Warner Bros. Discovery have announced plans to collaborate on a new sports streaming service.


Latest News

Philippines' Meralco Sees an Increase in Electricity Bills This February
Electricity consumers in the Philippines may face another increase this February, according to Meralco.
China's Stock Market Is Sliding After Brutal Crash This Week
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Meta CEO Mark Zuckerberg to Receive $700 Million a Year From the Company’s New Dividend
Meta CEO Mark Zuckerberg is set to receive an annual payout of approximately $700 million from the tech giant's new dividend.
Drugmaker Hikma, Ad Firm Publicis Agree to Pay $500 Million to Settle US Opioid Cases
A division of French ad firm Publicis Groupe SA and drugmaker Hikma Pharmaceuticals have reached separate settlements totaling $500 million to resolve allegations that they helped fuel the deadly opioid epidemic in the US.
US Expands List of Chinese Tech Companies It Says Are Helping China's Military
The United States (US) has expanded the list of Chinese tech companies it accuses of working with the military of China.
Adidas to Sell Remaining Kanye West's Yeezy Shoes This Year — And Make Them More Affordable
Adidas has revealed its plan to sell the remaining stocks of Yeezy shoes from its terminated collaboration with Kanye West for a much lower price this year.
Elon Musk's Tesla Sued by 25 California Counties Over Hazardous Waste
Elon Musk's electric car company, Tesla, was sued by a group of 25 California counties over hazardous waste.
Microsoft, Alphabet Shares Slide Amid Investors' Concern on High Cost of AI Development
Shares of Microsoft and Alphabet dropped on Tuesday amid investors' concern about the high cost of AI development.
Defunct Crypto Exchange FTX Is Paying Back Customers in Full: Here's What You Need to Know
FTX, the cryptocurrency exchange that has collapsed, intends to repay investors for the losses they incurred during its downfall.
Apple Extends Modem Chip Deal With Qualcomm Until March 2027
Apple has opted to extend its licensing agreement with Qualcomm for modem chips. Apple has opted to extend its licensing agreement with Qualcomm for modem chips, Qualcomm disclosed during its first earnings call this year.
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