Business- Page 7

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

Elon Musk’s xAI Targets $6 Billion Funding Amidst Global Investor Outreach

Elon Musk’s artificial intelligence venture, xAI, engages with investors worldwide, eyeing a substantial funding round of up to $6 billion. Reports indicate Musk is reaching out to affluent individuals and entities across

May 3, 2024

Business

Bolt Fuels Up With €220 Million Credit Line Ahead of 2024 IPO

Estonian mobility platform Bolt secures a major cash infusion to prep for going public next year. Bolt announced it has landed a €220 million credit facility from a group of big investment

May 3, 2024

Business

Dräxlmaier Group Boosts E-mobility Investment in Romania with Major EBRD Loan

German automotive component manufacturer Dräxlmaier Group is ramping up its investment in Romania, securing up to 75 million euros from the European Bank for Reconstruction and Development (EBRD). This funding boost is

April 23, 2024

Business

Atos Initiates a 1.2 Billion Financial Restructuring Plan to Fund Operations until 2025

Atos has unveiled a financial restructuring strategy aimed at securing €1.2 billion through a mix of €600 million in cash and an equal amount in credit lines and loan guarantees. This funding

April 14, 2024

Business

Yahoo Acquires Artifact, a News App Founded by Instagram Creators

Yahoo announced that it has acquired Artifact, a news app launched in 2023 by Kevin Systrom and Mike Krieger, the co-founders of Instagram. The acquisition price was not disclosed. “Yahoo was one

April 2, 2024

Business

Romania Leads Europe in IT Specialists Per Capita and Ranks 6th Globally

According to a report by the International Trade Administration, a US government agency, Romania ranks first in Europe and sixth globally in terms of the number of certified IT specialists per 1,000

April 2, 2024

Business

Huawei managed to Double the Profit in 2023 Despite US Sanctions

Huawei Technologies, the Chinese telecom giant, has reported a more than doubled net profit in 2023 and a 9.6% increase in revenue. This achievement comes despite the stringent sanctions imposed by the

March 31, 2024

Business

GenStudio: Adobe’s Answer to Canva in Marketing Content Creation

Adobe announced its latest platform, GenStudio, at the Adobe Summit in Las Vegas, marking a big step forward in the company’s journey into AI-driven marketing and content creation. GenStudio is designed to

March 30, 2024

Breaking News·Business

Canva’s Strategic Move: Acquiring Affinity to Challenge Adobe’s Dominance

Canva has acquired Affinity creative software suite, marking a significant challenge to Adobe’s long-standing dominion in the industry. This strategic acquisition sees Canva taking ownership of Affinity Designer, Photo, and Publisher. These

March 26, 2024

Business

Consulting Industry Prepare for Turbulence as Clients Cut Costs. Can AI Revolution Change Anything?

The consulting industry’s biggest players are being forced to rein in their ambitions and streamline operations as client spending slows amidst economic uncertainties. Major firms like Accenture and Deloitte are taking measures

March 24, 2024

Business

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Business- Page 7

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

Elon Musk’s xAI Targets $6 Billion Funding Amidst Global Investor Outreach

Bolt Fuels Up With €220 Million Credit Line Ahead of 2024 IPO

Dräxlmaier Group Boosts E-mobility Investment in Romania with Major EBRD Loan

Atos Initiates a 1.2 Billion Financial Restructuring Plan to Fund Operations until 2025

Yahoo Acquires Artifact, a News App Founded by Instagram Creators

Romania Leads Europe in IT Specialists Per Capita and Ranks 6th Globally

Huawei managed to Double the Profit in 2023 Despite US Sanctions

GenStudio: Adobe’s Answer to Canva in Marketing Content Creation

Canva’s Strategic Move: Acquiring Affinity to Challenge Adobe’s Dominance

Consulting Industry Prepare for Turbulence as Clients Cut Costs. Can AI Revolution Change Anything?

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