Business

Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal • TechCrunch

Byju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash, a source familiar with the matter told TechCrunch, addressing one of the criticisms leveled against the Indian edtech giant in recent months. The Bengaluru-headquartered startup, valued at $22 billion, had …

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Europe energy crisis could get much worse and cause high consumer bills, economic slowdown and social unrest

An energy crisis the likes of which hasn’t been seen in decades is unfolding around the world. The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies from Russia—the world’s second largest natural gas producer and third largest petroleum producer—condemned …

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GM workers will return to office at least 3 days a week

GM employees who have been working remotely due to the pandemic will be required to return to the office at least three days a week, starting later this year, the automaker confirmed Friday. An internal message to employees, first obtained by Automotive News and confirmed by GM on Friday, attributed the shift in GM’s Work …

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Google CEO tells staff not to ‘equate fun with money’ • The Register

updated Challenged by questions about Google’s cost-cutting at an internal meeting, Alphabet billionaire CEO Sundar Pichai reportedly reassured employees about the internet giant’s financial belt tightening by insisting that workplace fun doesn’t have to be about money. CNBC obtained an audio recording of a Google town-hall staff meeting, held in New York, and reports that …

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Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.

It will be difficult for the stock market to stop its slide and find a bottom as long as the US dollar keeps soaring versus its rivals, according to market analysts. Global stocks a bruising week with the S&P 500 on Friday narrowly avoiding its lowest close of the year. At the same time, a …

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Elon Musk greenlit to activate Starlink internet for Iranians | Protests News

Legal guidance by the American government on expanding internet services to Iranians was changed despite US sanctions on the country. SpaceX CEO Elon Musk has been given the green light by the United States government to activate the satellite internet service Starlink to help Iranians protesting against the death of a woman in police custody. …

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Heartbreaking Day Leaves Mortgage Rates Much Higher Than 6.29%

At the close of business yesterday, there was hope. Well, to be fair, there’s still hope, but it’s much less immediate, and it certainly isn’t the first thing that comes to mind today. Yesterday’s hope stemmed from a combination of factors. Rates had risen at a break-neck pace since the beginning of August, accelerating to …

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JP Morgan CEO snaps back at Rep. Tlaib on fossil fuels

JPMorgan Chase CEO Jamie Dimon is not committing to divesting from fossil fuels and shrugged off the notion as a “road to hell for America” ​​during a House hearing. At an Oversight Committee hearing Wednesday, Rep. Rashida Tlaib (D-MI) pressed a cadre of banking executives sitting before the investigatory panel on whether they would commit …

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The average cost of heating your home is estimated to increase by $177 or 17% to $1,202 this winter

The average cost of heating homes is expected to rise drastically this winter as the effects of inflation under Joe Biden are set to dent American’s wallets. Americans will have to pay $177, about 17 percent, more to heat their home compared to last winter’s prices, according to the National Energy Assistant Directors Association. This …

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