Category: Business

BusinessPolicyTrade

U.S. and India Near Major Trade Agreement With Tariff Reductions and Energy Policy Shifts

Reports suggest the U.S. may cut tariffs on Indian exports from 50% to 15%-16% as part of a new trade agreement. India is reportedly considering scaling back Russian oil purchases, a key U.S. demand, amid ongoing bilateral negotiations.

Potential Breakthrough in U.S.-India Trade Relations

According to recent reports from Indian media outlet Mint, the United States and India are nearing a significant trade agreement that could substantially reduce tariffs on Indian exports while addressing Washington’s concerns about New Delhi’s energy imports from Russia. Sources familiar with the negotiations indicate that both sides have made substantial progress after months of strained relations.

by Priya Kapoor
BusinessPolicyTelecom

Verizon Begins Distributing $100 Million Settlement to Customers Over Undisclosed Fees

Verizon has initiated payments in a major class-action settlement addressing undisclosed fees on wireless bills. Eligible customers could receive between $5 and $100 through various payment methods. The distribution follows claims filed before the April 2024 deadline.

Verizon Settlement Payments Underway

Verizon has reportedly begun distributing approximately $100 million to eligible customers as part of a class-action settlement, according to recent reports. The telecommunications giant is making payments to customers who filed claims regarding undisclosed fees on their postpaid wireless bills.

by Priya Kapoor
BusinessStartupsTechnology

Refurbed Secures £44 Million Investment Following Workforce Restructuring

Austrian startup Refurbed has reportedly secured £44 million in new funding just eight months after reducing its workforce by 20%. The company, which operates a marketplace for refurbished electronics, plans to use the capital to expand into the UK market following recent profitability achievements.

Funding Round Details

Austrian startup Refurbed has reportedly raised £44 million in a recent funding round, according to sources familiar with the matter. The investment comes approximately eight months after the company implemented significant workforce reductions, cutting 20% of its staff earlier this year.

by Priya Kapoor
BusinessSoftwareTechnology

Microsoft to Retire Office Online Server in 2026, Shifts Focus to Cloud-Based Microsoft 365

Microsoft is phasing out its Office Online Server by the end of 2026, ending security updates and support. The company is directing users toward its Microsoft 365 platform to ensure continued access to secure, collaborative tools.

Microsoft Announces End of Support for Office Online Server

Microsoft will officially retire its Office Online Server service on December 31, 2026, according to reports from the company’s support blog. Sources indicate that after this date, no further security updates or bug fixes will be provided, leaving organizations that continue using the service vulnerable to potential cyber threats.

by Samuel Kim