Business

Khosla Ventures in Talks to Raise $5.5 Billion in New Funds

Early OpenAI backer Khosla Ventures is discussing raising as much as $5.5 billion for its latest set of venture investment funds, a haul that would amount to its largest fundraising event in its two-decade history, according to people…

'Not ready': Clutha District to ask for more time for merger plans

Mayor Jock Martin says there is still a lot of work ahead to decide on the best path and their biggest concern is losing rural voices.

Guinness Nigeria grows revenue to N265bn

Guinness Nigeria reports an 11.8% revenue growth to N265.04bn in H1 2026, driven by strong domestic sales and reduced finance costs. Learn more about Guinn Read More: https://punchng.com/guinness-nigeria-grows-revenue-to-n265bn/

Trump’s 200% generic tariff threat would imperil Americans: Indian pharma

Effective August 1, 2026, all generic drugs being brought into the United States will continue to have a tariff of zero per cent for a two-year period of time, after which the tariff will be raised to 100% for a one-year period of time…

Why we're sticking with Alphabet despite an imperfect quarter and more AI spending

The market isn't in a forgiving mood, but we're not in a hurry to leave this stock behind.

Mexican Mayor Shot Dead in his Office After Surviving Earlier Hit

Armed assailants gunned down the mayor of a small Mexican city just south of the country’s capital in his office in the latest case of suspected gangland violence targeting a local official.

US-Iran tensions underpin dollar as yen nears 40-year low

Europe's biggest airline blames foreign object for passenger sucked halfway out of window

A foreign object that struck an engine on takeoff most likely caused the window failure that left a passenger pulled partway out of a Ryanair jet over Greece on July 10, chief executive Michael O'Leary said.

Oil prices rise to six-week high as US-Iran tensions escalate

Yen’s Slump in Trade-Weighted Gauge Shows Its Broad-Based Drop

While the yen’s plunge to a four-decade low against the dollar has dominated headlines, a broader gauge of the currency’s strength is sending an equally worrying signal for Japan.

Ebola Deaths Top 1,000 in Congo as Response Trails Fastest-Spreading Outbreak

Confirmed Ebola deaths in Democratic Republic of Congo have surpassed 1,000, prompting Africa’s top public health official to warn the outbreak could become one of the worst on record unless transmission is rapidly brought under control.

OpenAI Models Lurked in Hugging Face System for Hours Undetected

When OpenAI’s advanced artificial intelligence models breached AI startup Hugging Face’s internal systems last week, they carried out a hack in a matter of hours that would have taken a skilled hacker far longer, according to people…