Author: bibhuti

Unreliable electricity costs African economies an estimated 2 to 4 percent of GDP every year. Businesses cannot plan production schedules around power that cuts out unpredictably. Sheikh Ahmed Dalmook Al Maktoum, who chairs Inmā Emirates Holdings, has built an investment portfolio targeting precisely these markets where infrastructure absence constrains economic participation. Without functioning ports, agricultural exports rot at inland collection points while shipping containers sit empty at berths too congested to process them. Without digital identity systems, rural populations remain locked out of formal banking, insurance and government services. Without stable power, manufacturers cannot commit to delivery schedules that international…

As Bumble gets ready for a big overhaul meant to win back Gen Z users (who are pretty over dating apps right now), its latest earnings still reports that paying users are declining. In the first quarter of 2026, total paying users fell 21.1% to 3.2 million, down from 4 million a year ago.  This has been the story for a few quarters now. However, during the call to investors this afternoon, Bumble has framed this as a deliberate shift toward higher-quality, more intentional users. So while total revenue dropped 14.1% to $212.4 million (though it did beat expectations), and…

Nuro has been granted a permit to begin driverless testing of Lucid Gravity SUVs equipped with its autonomous tech on California public roads — vehicles that will eventually be used in Uber’s premium robotaxi service. But the Silicon Valley-based startup, backed by Nvidia and Uber, says it isn’t quite ready to begin. The California Department of Motor Vehicles, the agency that regulates the testing and deployment of autonomous vehicles in the state, confirmed to TechCrunch on Tuesday that it modified Nuro’s driverless AV permit to include Lucid Gravity vehicles. Nuro has held a driverless permit for six years, but it…

By OpenAI COO’s own admission last February, ‘we have not yet really seen AI penetrate enterprise business processes.’ But for enterprise software giant SAP, whose stock has dropped significantly in 2026 in part from the ‘SaaSpocalypse’, the issue is still front and center. On Monday, the European heavyweight announced its intention to acquire German AI startup Prior Labs for an undisclosed amount. Pending regulatory approval, SAP plans to invest €1 billion (approximately $1.16 billion) into the business over the next four years to grow it into an AI lab focused on structured data — the tables and databases where enterprise…

Lucid Motors said Tuesday that it’s no longer sure how many EVs it will build or sell this year, as it navigates a transition to a new CEO and a company-wide cost-cutting push. The company said in February that it planned to build between 25,000 and 27,000 vehicles this year. That’s far from the hundreds of thousands of vehicles that Lucid Motors estimated it would build and sell this year when it went public back in 2021. But it would have represented a significant bump from last year’s figure of around 18,000. The change to Lucid’s guidance was announced during…

Location : The M1 northbound between junctions J6 and J8 . Reason : Congestion. Status : Currently Active. Return To Normal : Normal traffic conditions are expected between 23:30 and 23:45 on 5 May 2026. Delay : There are currently delays of 10 minutes against expected traffic. Source link

Key Takeaways: Strategy posted a $12.54 billion net loss in Q1 2026 driven by $14.46 billion unrealized bitcoin losses. Revenue increased 11.9% year over year to $124.3 million in the quarter, but earnings were dominated by digital asset volatility. Financing through STRC and equity sales continues fueling bitcoin expansion despite rising balance sheet risk. Strategy’s Loss Shows the Volatility Behind a Bitcoin Treasury Model Strategy Inc. (Nasdaq: MSTR) announced on May 5 its first-quarter 2026 financial results, giving investors a clear look at the trade-off behind its bitcoin treasury strategy. The company increased its BTC position and raised $11.68 billion…

A survey has gone up on the Brighton and Hove City Council website seeking feedback and input from the public. It said: “We’re considering moving to less frequent collections for household rubbish so we’d like to understand how you use your recycling bins, how easy it is to recycle at home and what might help you recycle more confidently.” The survey follows a decision taken by the council’s cabinet in January to start the process of reducing the weekly refuse collections to fortnightly. It also follows an extension last year of the types of plastic collected by the council for…

The rapid advancement of artificial intelligence (AI) in the last few years has helped small businesses in many ways – from marketing and customer service to automating routine tasks and analysing data more efficiently.However, the rise in AI technology also means that there’s been a greater number of cyber attacks on businesses across the UK, with even long-standing giants like Marks & Spencer, The Co-op and Pandora being hit by increasingly sophisticated threats last year that both disrupted operations and led to significant financial losses.Naturally, this has caused significant anxiety among founders and small business owners, yet a new survey…

Tuesday 05 May 2026 10:08 pm IFF (NYSE: IFF) reported financial results for the first quarter ended March 31, 2026. First Quarter 2026 Consolidated Summary: Management Commentary “IFF is off to a solid start in 2026, with first quarter results that reflect the customer focus and operational execution we’ve been building across the company,” said Erik Fyrwald, CEO of IFF. “We delivered volume growth in all four segments, improved profitability, and generated strong cash flow in the first quarter. As we look ahead, we are maintaining a disciplined approach to how we are planning the balance of the year as…