In the latest development of the ongoing rivalry between tech giants Elon Musk and Mark Zuckerberg, Meta, formerly known as Facebook, has confirmed the release date of its new text-based conversation app called Threads.

Twitter vs Threads: Musk takes a dig at Meta's upcoming app

Tesla and Rivian Automotive, two Electrtic Vehicle rivals, witnessed an impressive surge in stock prices on Monday after better-than-expected sales in the second quarter of 2023.

Stocks of EV makers Tesla and Rivian surge after beating Q2 sales estimate

Mexico has experienced a historic surge in remittances as Mexicans living abroad, primarily in the United States, sent a staggering $5.69 billion back home in May, Bloomberg reported.

Mexico's dollars of love: Mother's day brings in billions in remittances

The world's wealthiest 500 individuals experienced a staggering increase of $852 billion in their combined fortunes in the first half of 2023, averaging a remarkable $14 million per day for each member, according to data compiled by Bloomberg.

Billionaires' payday: $14 million per day! World's wealthiest ride market rally

The Organisation of Oil Producing Countries or OPEC kept its production steady in June, a Bloomberg report said. According to the report, the 13-member OPEC on an average produced 28.

OPEC keeps June output steady ahead of anticipated dip in July oil production

Artificial intelligence (AI) and the risk of a recession are expected to be hot topics of discussion among financial professionals and investors during July 4 cookouts and similar gatherings, according to Markets live pulse survey by Bloomberg.

Burgers, Beer, and Brainy Bots: AI Takes Center Stage at July 4 Cookouts with Financial Pros

Billionaire Elon Musk-owned Tesla Inc saw bumper sales of electric vehicles in the second quarter of 2023, a Reuters report said on Sunday. EV maker said it sold 466,140 vehicles in the April to June period.

EV maker Tesla beats second-quarter delivery estimates as price cuts pay off

Pakistan's benchmark KSE-100 Index kicked off the week on a high note, gaining a solid 5.8 percent during Monday's trading session. The positive momentum was so strong that trading had to be briefly halted after the index hit its upper circuit limit.

Pakistan stock market surges 5.8% after $3 billion IMF deal

In a shocking turn of events, PwC Australia has taken decisive action following the leak of a confidential government tax plan by a former partner. In a statement released on Monday, the 'Big 4'accounting firm announced the termination of eight partners, including its former chief executive, after an internal investigation revealed numerous instances of "misuse of confidential information", which clearly violated professional standards.

PwC Australia sacks eight partners over tax leak scandal

Benchmark equity indices in India continued their remarkable rally, with the BSE Sensex surging past the 65,000 mark for the first time ever on Monday. The surge was driven by bullish global market trends and foreign fund inflows, resulting in the fourth consecutive day of gains.

India’s Sensex skyrockets to new heights: Breaches 65,000 mark, investors rejoice

Telstra, one of Australia's leading telecommunications companies, announced a groundbreaking partnership on Monday with Starlink, owned by SpaceX CEO Elon Musk, to provide broadband and voice services via satellite to residents in rural and remote areas, Reuters reported.

Telstra's game-changing deal: Starlink Broadband and voice services touch down in rural Australia

Embattled Indian ed-tech company Byju's has started talks with some of its lenders to restructure its $1.2 billion term loan, sources told Bloomberg. The latest development comes amid allegations that India's most-valued startup had breached certain terms of its debt agreement.

Indian ed-tech Byju's, lenders start talks to restructure $1.2 billion term loan

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