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Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy

Amazon spent years circling India’s quick-commerce market without committing to it. Investors have now decided the circling is over, and they have repriced the incumbents accordingly. Shares in Eternal, the parent of grocery-delivery leader Blinkit, and in rival Swiggy have fallen sharply as Amazon accelerates its rapid-delivery business in the country. Eternal has slipped about […]

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Prosus profit roughly doubles as its e-commerce bets and Tencent stake pay off

For years Prosus was, in effect, a single bet wearing the costume of a diversified investor: a sprawling portfolio whose value rose and fell with one Chinese asset. Its latest results suggest the costume is becoming the company. Prosus reported revenue of about $7.3bn for the financial year ended 31 March 2026 and roughly $1.1bn […]

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China’s CXMT wins a reported $3bn memory deal with Tencent

ChangXin Memory Technologies has agreed to supply Tencent with roughly $3bn of memory chips, two people familiar with the matter told Reuters, in a deal that would bind one of China’s largest cloud operators to its largest homegrown DRAM maker. Neither company has confirmed the agreement publicly, and the figure comes from sourcing rather than […]

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Auto repair is one of the least digitised industries in America. AI is changing the economics of why.

North America has more than 280,000 independent auto repair shops. Most run on workflows a 1990s small business owner would recognise: phone-based scheduling, paper repair orders, manual parts ordering. The global auto repair software market is projected to grow from $3.4 billion in 2026 to $8.6 billion by 2033, a 14.2% CAGR, according to Persistence […]

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Why is Apple asking me to pay more for Big Tech’s AI obsession?

Tim Cook recently said price increases were “unavoidable” and described the company’s pricing as “unsustainable.” The 16-inch MacBook Pro saw its price go up by $300. The 11-inch iPad Air went from $599 to $749. Even the HomePod Mini got a $30 bump to $129. Cook squarely placed the blame at the feet of the […]

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