Business- Page 11

July 12, 2026

Why European Companies Are Rethinking IT Ownership: The Rise of Device-as-a-Service

As businesses look for greater flexibility, predictable costs and stronger cash flow, many are beginning to rethink one of their most fundamental technology investments: laptops and smartphones. The shift mirrors what happened

Business

June 28, 2026

PNRR Digitalization Grants for SMEs: Extended Deadlines and Payment Terms for 2026

The Romanian Ministry of Investments and European Projects (MIPE) has recently announced new extensions for the PNRR digitalization grants aimed at supporting small and medium-sized enterprises (SMEs) in adopting digital technologies. These

Business

April 1, 2026

Oracle Confirms Massive Layoffs: 30,000 Employees Let Go in AI-Focused Restructuring

To reallocate resources toward artificial intelligence infrastructure, Oracle has begun laying off approximately 30,000 employees globally. The tech giant initiated the job cuts on March 31, 2026, notifying affected staff via early-morning

Sam Altman Returns as CEO at Open AI

OpenAI has reinstated Sam Altman as its Chief Executive Officer. This decision comes just a week after Altman was dismissed by the board of directors. The reinstatement is part of a broader

November 22, 2023

Business

OpenAI in Turmoil: Shareholders Rally to Reinstate Sam Altman Amidst Staff Exodus

Recent developments at OpenAI have taken a dramatic turn as shareholders, including major backers like Microsoft and investment fund Thrive Capital, are making efforts to overturn the dismissal of CEO Sam Altman.

November 19, 2023

Business

OpenAI fired Co-Founder and CEO Sam Altman Amidst Allegations of Deception to Board

“Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,”

November 18, 2023

Business

The head of OpenAI is aiming to develop superintelligence, and he needs money to do that

Financial Times reports that OpenAI intends to seek additional financial support from its major investor, Microsoft, as CEO Sam Altman advances his vision to create artificial general intelligence, aiming for computer software

November 15, 2023

Business

ANAF Released the Guidelines for IT Sector Salaries Taxation

In a recent development, Romania’s National Agency for Fiscal Administration (ANAF) has published a guide outlining new methodologies for taxing salaries in the Information Technology (IT) sector. This guide references changes in

November 15, 2023

Business

Continental Announces Major Job Cuts in Automotive Division

German car parts manufacturer Continental has announced a significant reduction in its workforce as part of a comprehensive plan to bolster financial efficiency. The company aims to cut jobs worldwide in its

November 14, 2023

Business

The Lowest Cost of Living in the EU – Romania’s Economic Edge

In the first half of the year, Romania stands out with the lowest cost of living among EU member states, recording a score of 38.4. Surpassing countries like Bulgaria (40.3) and even

November 10, 2023

Business

Breaking Boundaries: European AI Startup Secures €500 Million Funding

Significant milestone for the European tech scene, Aleph Alpha, a German startup aiming to establish a European alternative to American AI giants like OpenAI and Google, has secured a whopping €500 million (approximately

November 6, 2023

Business

iPhones made in India are set to dominate the top 20% of global shipments according to Ming-Chi Kuo

Ming-Chi Kuo, one of the most reputable Apple analysts from TF International Securities stated that, under favourable conditions, Apple plans to increase the proportion of iPhones manufactured in India to represent 20%

November 2, 2023

Business

Romania’s Shift in Taxation for IT Professionals: How About Its Impact?

It is undeniable that the IT sector has revolutionized our world, driving innovation, growth, and employment across the globe. In Romania, IT professionals, especially those who are in the senior level or

November 1, 2023

Business

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Business- Page 11

Why European Companies Are Rethinking IT Ownership: The Rise of Device-as-a-Service

PNRR Digitalization Grants for SMEs: Extended Deadlines and Payment Terms for 2026

Oracle Confirms Massive Layoffs: 30,000 Employees Let Go in AI-Focused Restructuring

Sam Altman Returns as CEO at Open AI

OpenAI in Turmoil: Shareholders Rally to Reinstate Sam Altman Amidst Staff Exodus

OpenAI fired Co-Founder and CEO Sam Altman Amidst Allegations of Deception to Board

The head of OpenAI is aiming to develop superintelligence, and he needs money to do that

ANAF Released the Guidelines for IT Sector Salaries Taxation

Continental Announces Major Job Cuts in Automotive Division

The Lowest Cost of Living in the EU – Romania’s Economic Edge

Breaking Boundaries: European AI Startup Secures €500 Million Funding

iPhones made in India are set to dominate the top 20% of global shipments according to Ming-Chi Kuo

Romania’s Shift in Taxation for IT Professionals: How About Its Impact?

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