The Magna Yuma Energy investment now runs to $35 million in fresh capital, as Canadian auto-parts supplier Magna International bets deeper on battery swapping in India, a market it has quietly been building inside since 2022. The recipient is Yuma Energy, the Bengaluru-based firm that operates a battery-swapping network for electric two- and three-wheelers across 18 Indian cities.Yuma managing director Muthu Subramanian confirmed the investment in an interview, describing it as a Series A round aimed at achieving EBITDA-positive operations by FY27. The new money increases Magna’s stake beyond the 51% it held when the joint venture was formed, though…
Author: Funke Adeyemi
Funke Adeyemi
Funke Adeyemi spent a decade in corporate banking and fintech before moving to business journalism. She started in trade finance at a major UK bank, moved to a payments company scaling into African markets, and spent her last role leading partnerships at a cross-border remittance platform. She writes about business strategy, fintech, digital banking, and the corporate news that moves markets. She is interested in how companies actually make money rather than how they describe making money in investor presentations. Funke lives in South London. She reads earnings calls the way other people listen to podcasts, and finds them about as reliable.
The McKesson data breach that came to light last week has widened considerably in scope: the ShinyHunters hacking group claims to have lifted approximately 284 million rows of patient and employee data from the Texas-based pharmaceutical giant’s cloud environments, and issued a ransom demand of $55,236,150 to keep it from going public.McKesson confirmed the intrusion in a statement on its website. Francisco Fraga, the company’s chief technology officer, told customers the stolen data relates to its oncology, multispecialty, and medical-surgical units. McKesson is one of the largest distributors of pharmaceuticals, medical supplies, and healthcare technology in the United States, supplying…
The relationship between AI and zero-day exploits is moving to the centre of one of cybersecurity’s oldest arguments: how governments balance the need to hack criminals against everyone else’s right to privacy. A blog post by Matthew Green’s Cryptographic Engineering blog has reignited that debate, with the Johns Hopkins cryptographer positing that AI could eventually make software so secure that governments lose their primary route into criminal devices. ‘I’m concerned that AI is going to make software much too secure,’ Green wrote, warning that an unprecedented volume of bugs being patched by AI tools could leave law enforcement without exploitable…
US drone and robot restrictions tightened sharply across July and August, with Washington imposing steep tariffs on imported drones and their components and adding foreign-produced advanced robotic devices to the Federal Communications Commission’s Covered List. The moves are framed as national-security measures, but industry analysts say they raise a harder question: can regulatory barriers contain a manufacturing advantage that is already global in scale? The Regulatory Architecture Behind the Restrictions The FCC’s Covered List, maintained under the Secure and Trusted Communications Networks Act of 2019, has expanded rapidly. Foreign-produced unmanned aircraft systems and critical components were added on December 22,…
The Liux Big microcar may be small enough to park at a right angle to the kerb, but the Spanish startup behind it is taking on one of the most competitive segments in European motoring: the city car market that Chinese electric vehicle makers now largely dominate. Founded in 2021, according to PitchBook, Liux has secured Europe-wide homologation for the Big and plans to begin sales in the first half of next year, with Mezha.net reporting a 2027 market launch across multiple countries. The company has raised €16 million (roughly $18.5 million, including European funding) and has grown to 65…
Caterpillar’s AI deployment strategy is rooted in something the industrial giant has been doing in remote mine pits for years: making heavy machinery work without a human in the cab. Now the company is taking that accumulated knowledge into construction sites, quarries, and the enterprise software layer that runs beneath all of it. ‘Now we’re in this super exciting time where we can take all of that learning from mining and bring it into much more dynamic environments, jobsites, quarries, and construction sites,’ Jaime Mineart, Caterpillar’s chief technology officer, told TechCrunch at the Ai4 conference in Las Vegas. The product…
With inflation data, earnings surprises and Middle East tensions all pulling markets in different directions, the case for dividend stocks for income has rarely felt more straightforward. Three names have attracted fresh buy ratings from senior Wall Street analysts: ExxonMobil (XOM), Expand Energy (EXE) and Diamondback Energy (FANG). Three Dividend Stocks for Income in a Volatile Market Morgan Stanley’s Devin McDermott reiterated a buy rating on ExxonMobil and lifted his price target to $177 from $168, citing relative-value opportunities across the integrated energy sector. His core argument: pure-play refiners have already rallied on stronger margins, yet integrated names have lagged,…
The Sony Warner Anthropic lawsuit, filed on 28 August 2026 in the U.S. District Court for the Northern District of California, has set up what could become one of the most financially consequential intellectual property battles in the music industry’s history. Sony Music Publishing and Warner Chappell Music, joined by numerous other publishers, accuse the AI company and its co-founders Dario Amodei and Benjamin Mann of a ‘brazen campaign of illegally torrenting, scraping, and downloading copyrighted works’ to train its Claude AI models.Docketed as Sony Music Publishing (US) LLC v. Anthropic PBC, Case No. 5:26-cv-09217, the complaint identifies ‘tens of…
European AI sovereignty was the unshakeable undercurrent at TechBBQ 2026, the Nordic region’s largest startup conference, which ran on 26–27 August at Bella Center Copenhagen. Onstage and off, from panels to rooftop barbecues and speakers’ dinners on an island in the harbour, the question that kept surfacing was the same: who actually controls the technology Europe is building its future on?The timing was not incidental. On 12 June 2026, Anthropic disabled access to its Claude Mythos 5 and Fable 5 models for users outside the United States, reportedly acting on a US government export control directive that restricted access to…
Berkshire Hathaway stock performance has been a quiet frustration for shareholders this year: the Class B shares closed Friday at $505.00, up just 0.5% year to date, while the S&P 500 has gained 12.7%, leaving Berkshire trailing the benchmark by 12.2 percentage points. Warren Buffett turned 96 on Sunday, and the gap is the awkward birthday backdrop nobody wanted to discuss. The stock did flare briefly higher. After Berkshire’s second-quarter earnings report, Class B shares hit an intraday high of $537.74 on 10 August, their best level since just before Buffett’s May 2025 announcement that he would step down as…
