Concerns are growing that the de-facto tolling of the Strait of Hormuz could trigger a domino effect for key shipping bottlenecks worldwide, creating more global inflation and effectively killing key components of international maritime law. As Iran insists on some form of fee structure for traversing the now-infamous strait—and the U.S. increasingly seems unable to…
A split in Iran’s leadership has grown sharper recently, revealing increased impatience with the current stalemate as the economy continues to crash. Moderate officials in particular have expressed anxiety with hardliners’ aggressive military-first approach, signaling that time is running out to obtain some economic relief as the U.S. and Iran remain in limbo with no…
Marvell Technology (MRVL -5.57%) disclosed an expanded custom chip agreement with Google on Aug. 19, complete with a warrant tied to as much as $120 billion of future purchases — and investors in Broadcom (AVGO +1.21%) treated the news as their problem. Broadcom, which designs the in-house TPU chips of Google parent Alphabet (GOOG +1.05%)(GOOGL…
Australian insurance broker Steadfast Group said on Friday it has agreed to a A$7.7 billion ($5.51 billion) takeover offer by a U.S. consortium backed by investment firm KKR. As part of the proposal, insurance distributor Amwins Group will acquire Steadfast’s underwriting agency operations, while U.S.-based Dragoneer Investment will take over its broking business. Steadfast shareholders,…
What business problems can hybrid cloud and multicloud address? Hybrid and multicloud strategies address several challenges. “Most importantly, they provide flexibility and choice,” says Scott Petry, a cloud and digital services principal with PwC US. “They allow businesses to select the best cloud solution for each workload or application.” Firms in highly regulated sectors like…
MJ (Zendaya) swings through the city with Spider-Man in Columbia Pictures SPIDER-MAN™: BRAND NEW DAY. Photo by: Jay Maidment Sony Spider-Man swings in to save the day, again, when Marvel Studios needs its friendly neighborhood superhero most. Marvel dented its reputation as a box office juggernaut after several of the franchise’s films — remember The…