India Is Largest Source for Immigrant Founders of US Unicorns, but Still Not Shooting for the Stars
India has become the single largest source of immigrant founders of U.S. unicorns, with 96 billion‑dollar startups traced to Indian entrepreneurs, outpacing Israel, the U.K. and China. The most valuable Indian‑founded unicorn, Perplexity, is valued at $20 billion, but most Indian‑backed unicorns sit below the $10 billion mark. Immigrants overall account for 59% of U.S. unicorns, representing $5 trillion in collective value, underscoring their outsized economic contribution.
HRchitect Guides Marine Terminal Operator Client Through HCM Modernization
HRchitect helped a marine terminal operator modernize its human capital management (HCM) platform after years of operating on an outdated UKG system. The consultancy identified critical limitations—such as fragmented payroll processing, low user adoption, and manual scheduling—that were throttling operational...
FY26 Growth Higher than Anticipated, Shows India's Resilience: MoSPI Secretary
India’s real GDP grew 7.7% in FY 2025‑26, surpassing the Ministry of Statistics and Programme Implementation’s Second Advance Estimate. The uptick follows a 7.1% expansion in FY 2024‑25 and reflects strong capital formation, a buoyant construction sector, and resilient private consumption, especially...
A Handful of CEO-Level Transitions and More Leadership Moves Across the Market
A wave of CEO‑level and senior leadership changes swept the U.S. defense and technology sector this month. Austal USA promoted Gene Miller to president, while CyberCore Technologies, ICEYE US, Trident Solutions, and several other firms installed veterans from CACI, BAE,...
CNN: Iran-US Talks Reportedly Deadlocked
Iran’s senior adviser Mohsen Rezaei announced that talks with the United States have stalled over a demand for $24 billion in frozen Iranian assets, split into two $12 billion tranches. Tehran frames the release as a trust‑building test, while Washington fears losing...
JP Morgan Upgrades Tesla to ‘Neutral’, Sees Robotics Driving Long-Term Growth
J.P. Morgan upgraded Tesla to a neutral rating, lifting its price target to $475 from $145. The broker now sees the company’s valuation increasingly tied to autonomous driving, robotaxis, humanoid robots and AI‑chip services rather than near‑term vehicle sales. Revenue...
CSC Real Estate Acquires Three Medical Properties on Upper East Side for $70M
CSC Real Estate acquired three Upper East Side properties—including a 127,000‑sq‑ft medical office at 210 East 86th Street and adjacent retail spaces—for an estimated $70 million. The buyer aims to transform the site into a premier medical office destination amid a tight...
Putin: It Would Be Efficient for US to Use Russia's LNG Technologies in Alaska
Vladimir Putin has publicly suggested that the United States adopt Russian liquefied natural gas (LNG) technology for projects in Alaska, despite ongoing sanctions. The U.S. still bans Russian crude, petroleum products, LNG and coal, but allows limited sales under a...
Must Read: G-III CEO Talks Marc Jacobs Acquisition, Peloton Acquires Pilates Startup Skōp
Fashion conglomerate G-III Apparel Group, together with WHP Global, is acquiring a 50% equity stake in the Marc Jacobs brand from LVMH, emphasizing strategic growth over immediate cash flow. Peloton Interactive announced the purchase of Pilates startup Skōp, adding proprietary...
SK Telecom to Sell Minority Stake in Ulsan Data Center - Report
SK Telecom announced plans to sell up to 49% of its Ulsan data centre for roughly $1.3 bn, allocating 29% to private‑equity firm KKR and the balance to a consortium of IMM Investment and Stonebridge. The facility, built in partnership with...
Kroger May Lose More Execs: Readers React
Kroger is experiencing an unprecedented exodus of senior leaders since former Walmart executive Greg Foran became CEO, with four top executives departing or retiring since April. The departures include the global vice‑president of the Capability Center and two senior vice...
Brazil Seeks New Partners, Expands Credit Lines as US Tariff Threat Mounts
Brazilian President Luiz Inácio Lula da Silva announced a dual strategy to counter looming U.S. tariffs that could hit up to 20% of Brazil's exports to the United States. Washington has proposed a 25% duty on those goods and a...
Satya Nadella Publicly Torches a VP's Plan to Make Microsoft's AI Agent Deliberately Addictive
Microsoft CEO Satya Nadella publicly rebuked an internal memo that advocated making the company’s new AI assistant, Scout, deliberately addictive. The proposal, attributed to Corporate Vice President Omar Shahine, outlined a three‑phase roadmap from a habit‑forming app to an agentic...
5 IT Funding Deals to Watch
Capital is flowing into the core infrastructure that powers AI, with Supabase landing a $500 million Series F that values its open‑source Postgres platform at $10.5 billion. DriveNets secured $410 million to expand its Ethernet fabric for massive AI clusters, while Cyera raised $300 million...
The ECB Should Not Raise Interest Rates Yet
The European Central Bank is poised to hike rates on June 11 despite lingering uncertainty about inflation’s trajectory. Policymakers cite the lingering energy‑price shock from the Iran war as a justification, even though growth remains weak, wages are stagnant, and market...
Capital Raising and Compliance—A Clean Energy CFO’s Focus
Pivot Energy’s CFO Bret Labadie explains how a global oil crisis and rising demand for clean power are driving a surge in U.S. renewable investment, while new tax‑credit rules tighten compliance. The company, backed by private‑equity firm Energy Capital Partners,...
Summer's Here: Time to Highlight These Helpful Benefits
Employers are urged to refresh summer‑season benefit communications, highlighting HSA and FSA eligibility for items like sunscreen and prescription sunglasses, as well as flexible scheduling options such as summer Fridays. The article stresses that unaddressed childcare needs can erode productivity...
Arby’s Was Written Off. Then This Investor Rescued It. Now He Wants to Do the Same Thing for Pizza Hut.
Yum Brands is in exclusive talks with private‑equity firm LongRange Capital to sell Pizza Hut. LongRange’s founder Bob Berlin previously helped revive Arby’s, creating Inspire Brands, now targeting a $20 billion IPO. Pizza Hut has fallen from 8,000 U.S. stores in...
Leaders Who Can’t See Worker Problems Are Creating a ‘Dignity Debt’
The BambooHR survey uncovers a widening "dignity debt" as 81% of leaders claim productivity gains while 85% of employees report high stress. AI adoption deepens the gap, with 57% of leaders willing to fire workers who refuse AI tools and...
Telenor Mulls Pakistan Exit with Bank Stake Sale
Telenor is exploring the sale of its 55% stake in Easypaisa Bank, the digital‑banking arm it launched in Pakistan, in a move that would complete its exit from the country after selling its telecom unit for about $490 million. The bank...
Fitch Ratings Lowers Global Growth Expectations
Fitch Ratings trimmed its 2026 global growth outlook by 0.2 percentage points to 2.4% as the Iran‑U.S. conflict drives an oil price shock and higher inflation. The agency also lowered the United States forecast to 1.9% and the eurozone to...
Biotechnology Expert Joins CDMO
Polish contract development and manufacturing organization Rezon Bio has appointed Dr. Ralf Otto as chief operating officer. Otto joins with more than 25 years of leadership in CDMO and biopharma, previously at Boehringer Ingelheim BioXcellence, Rentschler Biopharma, and McKinsey. He...
YouTube Brings Creator Premieres Format to Europe, Pitching German Creators as Prime-Time TV Alternative
YouTube held its first European Creator Premieres event in Berlin, gathering about 70 brand and agency leaders to preview five new German creator series. The format, which debuted in the U.S. in November 2025, positions YouTube‑original shows as a prime‑time...
U.S. Labor Market Remains Resilient in May
The U.S. labor market showed continued strength in May, with nonfarm payrolls adding 172,000 jobs for the third month in a row and the unemployment rate holding at 4.3%. Job growth was led by leisure and hospitality, local government and...
‘Crime Junkie’ Leads Podcast Audio Reach in May, ‘Mel Robbins Podcast’ Climbs the Rankings
In May 2026, “Crime Junkie” reclaimed the top spot in podcast audio reach with an estimated 22.6 million monthly listeners, a 69% jump from the previous period. “The Mel Robbins Podcast” surged to third place, drawing about 5.7 million listeners and posting...
Strong Jobs Report Pushes Mortgage Rates Higher, Reopening the Door to Future Fed Hikes
The latest jobs report showed a surprising surge, with employers adding 172,000 jobs in May and major upward revisions to March and April figures. Unemployment remained steady at 4.3%, marking 56 months at or below 4.5%, while average hourly earnings...
Why Talent Teams Are Adding Branded Pickleball Sets to Their Recruitment and Onboarding Toolkits
Talent teams are swapping traditional perks for branded pickleball kits to evaluate culture and accelerate onboarding. A 45‑minute game lets recruiters observe collaboration, resilience and interpersonal cues that are hard to gauge in virtual interviews. Companies ship the kits directly...
Snap Acquires Spatial AR Firm Illumix to Accelerate Specs Glasses Development
Snap has acquired spatial‑augmented‑reality firm Illumix to speed development of its Specs AR glasses, though financial terms were not disclosed. Illumix brings mapping technology and AI integration, and most of its staff will stay with Snap. The Specs platform, backed...
CEE Startup & Tech Weekly: Bulgarian Startup Paypercut Raises Seed Round Backed by Regional VCs
Bulgarian fintech Paypercut closed a €5 million seed round co‑led by Concentric, Passion Capital and Araya Ventures, bringing its total capital to €7 million (about $7.6 million). The round attracted a slate of regional investors, including SMOK Ventures and payments entrepreneur Matt Doka,...
CreatorOS Launches Nutcake to Bring AI-Powered Assistance to Creator Marketing
CreatorOS unveiled Nutcake, an AI‑powered assistant that sits atop its existing creator‑marketing platform to automate the full influencer campaign lifecycle. The tool handles strategy, creator discovery, brief generation, contract management, payments and performance analytics, aiming to cut manual effort for...
Leadership Lessons: Peter Bollinger, CEO of EPG
Peter Bollinger, who dreamed of running a company at age 12, became CEO of Ehrhardt Partner Group (EPG) in early 2025 after a career that began as a student programmer in Denmark and included leadership roles at iTAC and Dover...
When Markets Run on Empty
Despite a protracted Middle East energy conflict and lingering inflation, global equity markets remain buoyant as consumers and businesses continue to spend. This spending is increasingly supported by higher debt levels rather than income growth. Analysts warn that the reliance...
Peacock to Stream Telemundo’s FIFA World Cup 2026 Coverage in Dolby Vision and Dolby Atmos
Peacock announced it will stream Telemundo’s live Spanish‑language coverage of all 104 FIFA World Cup 2026 matches in Dolby Vision and Dolby Atmos, using Dolby AC‑4. The rollout marks the first commercial deployment of Dolby AC‑4 by a video‑streaming service. Dolby...
Telemundo Announces Group Stage Broadcast Schedule and Talent Assignments for FIFA World Cup 2026
Telemundo will provide exclusive Spanish‑language coverage of the FIFA World Cup 2026 group stage from June 11‑27, airing 60 matches live on its network and 12 on Universo, while all 104 matches stream on Peacock with Dolby Atmos and interactive...
EEOC Moves to Axe EEO-1 Reporting
The EEOC has proposed eliminating all EEO‑1 through EEO‑5 reporting requirements, ending mandatory collection of employee demographic data for firms with 100 or more employees and federal contractors with 50 or more. The proposal, submitted to the White House on May 14, follows...
Bumper US Non-Farm Payrolls in May Confirm Fed Rate Cuts Are Off the Table
U.S. non‑farm payrolls surged in May, adding 339,000 jobs and pushing the unemployment rate down to 3.4%, the lowest in five decades. Wage growth also accelerated, with average hourly earnings rising 0.4% month‑over‑month. The data underscored the labor market’s resilience,...
May Jobs Report Strengthens Fears of Fed Hikes
The U.S. economy added 172,000 jobs in May, more than double the 85,000 analysts expected, while the unemployment rate held at 4.3%. Wage growth slowed to a 3.4% annual pace, lagging behind a 3.8% inflation rate. Rate‑futures now price over...
Mira Murati Resurfaces After 18 Months with a Warning About AI Governance and a Product No One Expected
Former OpenAI CTO Mira Murati re‑emerged after an 18‑month hiatus to unveil Thinking Machines Lab’s new “interaction models,” which process continuous audio, text and video streams in 200‑millisecond slices. The company, which has raised roughly $2 billion, highlighted its TML‑Interaction‑Small model...
Iveco Deal to Strengthen Tata Motors’ Global CV Footprint, Says N Chandrasekaran
Tata Motors announced a proposed acquisition of Italy’s Iveco to cement its place among the world’s top four commercial‑vehicle manufacturers. Chairman N Chandrasekaran said the deal will help the group reach roughly $80 billion in revenue and expand its global footprint over...
May Jobs Report Beats Expectations, but Inflation Signals a Tougher Road Ahead
U.S. employment added 172,000 jobs in May, far surpassing the 85,000 forecast, while the unemployment rate held steady at 4.3%. Gains were concentrated in leisure and hospitality, local government and health care, with trade and transportation also posting strength. Average...
Federal Reserve Pressures Borrowers as Rate Cut Hopes Fade
A surprisingly strong May jobs report added 172,000 positions, more than twice economists' forecasts, reviving expectations that the Federal Reserve may raise rates again before year‑end. The data nudged markets to price a higher probability of a December rate hike,...
Accor CEO Bazin’s Final Stretch: An AI Warning and What’s Next for Ennismore
Accor CEO Sébastien Bazin, slated to depart in May 2028, laid out a final agenda centered on AI‑driven operational overhaul, aggressive expansion into India and sub‑Saharan Africa, and further development of luxury and lifestyle brands. He disclosed the sale of Accor’s...
8 Best Video Interviewing Tools I Recommend for HRs in 2026
A new G2‑based roundup identifies the eight leading video interviewing platforms for 2026, highlighting tools such as Braintrust AIR, AI Interviewer, HackerRank, Hireflix, Indeed, Metaview, Willo and Spark Hire. Pricing ranges from $60 to $299 per month, with custom‑priced enterprise options available....
Green Aviation Startups Face a Funding Crisis
Hybrid‑electric developer Maeve Aerospace filed for bankruptcy, ending backing from Delta, SkyWest and Japan Airlines. ZeroAvia’s founder Val Miftakhov resigned as the company slashed its workforce by 50%. Both setbacks highlight the chronic capital shortage confronting green‑aviation startups despite industry...
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MTN Announces New CEOs for Côte D'Ivoire, Zambia
MTN Group announced internal appointments for three senior roles. Abbad Reda will leave his MTN Zambia post to become CEO of MTN Côte d'Ivoire, while Larry Annetts, a 29‑year MTN veteran, steps in as the new Zambia CEO. Mitwa Ng'ambi, former head of...
The Smart Way to Build the Future of Fertility Benefits
Employers are rapidly adding fertility benefits, yet most lack insight into the true cost and quality of the services they fund. A recent Purchaser Business Group on Health survey shows 70% of large firms now offer some coverage, but pricing...
Do China-Russia Trade Payment Frictions Show Limits of De-Dollarisation?
China and Russia have shifted most bilateral trade settlement to the yuan and ruble, yet payment frictions persist as Chinese banks curb exposure to U.S. secondary sanctions. Senior Russian banker Alexander Vedyakhin warned that payment routes now involve multiple intermediaries,...
Asha Sharma Commits to "Resetting" Xbox, Prioritising Exclusivity and Addressing AI in New Strategy
Xbox CEO Asha Sharma announced a "reset" of the business, targeting the top spot in gaming and entertainment. In her first hundred days she cut Game Pass pricing, reshuffled senior leadership and unveiled technical hints of the upcoming Project Helix...
Firm US Jobs Numbers Boost Rate Hike Chances, but Lack of Breadth Remains a Concern
The U.S. May jobs report showed non‑farm payrolls rising 172,000, well above the 88,000 consensus, driven primarily by leisure and hospitality, government, and education‑healthcare services. The unemployment rate held steady at 4.3% while wage growth eased to 3.4%. Outside the...
Coupa and MIT Launch AI-Powered Business Spend Index
Coupa and MIT’s Data Science Lab have unveiled the Business Spend Index (BSI), an AI‑driven tool that leverages Coupa’s repository of more than $10 trillion in B2B transactions from over 10 million buyers and suppliers. The index can forecast shifts in corporate...