South Korean foreign exchange authorities bought roughly $20 billion of U.S. dollars sold by SK Hynix following the chipmaker’s record $26.5 billion American depositary receipt listing in July, using the transaction to replenish foreign-exchange reserves and help stabilize the won, a source with direct knowledge of the matter told Reuters on Wednesday. The Foreign Exchange […] The post South Korea Bought $20bn of SK Hynix’s Dollar Proceeds to Rebuild FX Reserves appeared first on Tekedia.

Apple is increasingly emerging as an unlikely defensive play for investors as concerns over the durability of the artificial intelligence boom and the risk of a global bond-market sell-off push money away from some of the technology sector’s biggest AI beneficiaries. Shares of Apple rose 2.6% on Tuesday even as technology stocks broadly declined, extending […] The post Apple Emerges as Investors’ Safe Haven as AI Trade Faces Growing Doubts appeared first on Tekedia.

Donald Trump Jr. has positioned himself in an unusually advantageous corner of America’s rapidly expanding prediction-market industry: one where he could benefit regardless of which major platform ultimately emerges as the dominant player. Through his venture firm, 1789 Capital, Trump Jr. is reportedly committing $300 million to Polymarket’s $1 billion financing round, giving the prediction-market […] The post Donald Trump Jr’s Prediction Market Conflict of Interest appeared first on Tekedia.

CNBC’s Jim Cramer is calling on Nvidia to dramatically expand its share-repurchase program, noting that the artificial intelligence chipmaker’s extraordinary growth is not being adequately reflected in its stock price. “I think, from Nvidia’s perspective, there’s nothing more valuable in this market than Nvidia,” Cramer said Monday on CNBC’s “Mad Money.” His argument comes as […] The post Cramer Urges Nvidia to Launch $500bn Buyback as AI Growth Fails to Lift Shares appeared first on Tekedia.

Adobe has acquired India-based marketing intelligence startup Rilo in a deal that combines technology licensing with the acquisition of the startup’s six-member team, giving the software giant additional technology for automating increasingly complex marketing and customer-experience workflows. The financial terms were not disclosed. Adobe confirmed the acquisition but declined to provide further details. The transaction […] The post Adobe Acquires Indian AI Marketing Startup Rilo to Expand Automated Workflow Tools appeared first on Tekedia.

Palo Alto Networks Chief Executive Nikesh Arora said Tuesday that the rapid adoption of artificial intelligence is forcing companies to reconsider roughly $1 trillion of cybersecurity infrastructure built for a pre-AI environment, as automated attacks increasingly operate at speeds that legacy defenses were never designed to handle. “Nothing that was deployed seven or 10 years […] The post Palo Alto Networks Sees $1 Trillion Cybersecurity Upgrade Wave as AI Accelerates Attacks appeared first on Tekedia.

The global economy is entering a period in which geopolitical risk, political instability and monetary tightening are increasingly colliding. Markets already have plenty to worry about, but fresh revelations about Russia’s military assistance to Iran, uncertainty surrounding the US military establishment and a hawkish Federal Reserve are creating a more complicated environment for investors. A […] The post Russia-Iran Missile Cooperation and Hawkish Fed Put Global Markets Under Pressure appeared first on Tekedia.

A sharp split now characterizes the digital asset landscape. Market participants actively compare short-term chart patterns against structural growth trends when evaluating top crypto coins. Projects like Sui Crypto and Worldcoin demonstrate robust fundamental expansion, even as their token valuations undergo temporary consolidation phases.At the same time, alternative protocols draw substantial market attention by launching […] The post BlockDAG Buybacks Go Live, While Sui Crypto & Worldcoin Advance: What You Need to Know appeared first on Tekedia.

Two very different stories are unfolding across the technology landscape, but both reveal the growing influence of digital infrastructure. On one side, X users are facing a fresh wave of phishing and account-takeover attempts. On the other, Dell Technologies is demonstrating how the enormous spending on artificial intelligence is translating into extraordinary demand for hardware. […] The post X Phishing Wave Collides With Dell’s AI-Fueled Earnings Boom appeared first on Tekedia.

The cryptocurrency market is entering another phase in which institutional conviction, new token launches and regulatory battles are increasingly shaping the direction of the industry. Three developments capture this changing landscape: Strategy CEO Phong Le’s commitment to continue acquiring Bitcoin regardless of its price, Ethos Network’s launch of the WHUF token sale, and a Southern […] The post Bitcoin Conviction, WHUF’s Token Sale and a Legal Win for Solana appeared first on Tekedia.

The U.S. Treasury market is sending a warning that investors can no longer afford to ignore. The benchmark 10-year Treasury yield has climbed back above 4.80%, reaching its highest level since early 2025 and moving toward a threshold that could reshape expectations across global financial markets. The move is part of a broader selloff in […] The post 10-Year Treasury Yield Climbs Above 4.80% as Bond Market Anxiety Deepens appeared first on Tekedia.

The artificial intelligence boom is transforming the global economy, but its costs are increasingly extending far beyond the technology industry. Behind every AI chatbot, image generator and automated agent sits a rapidly expanding network of data centers packed with powerful chips. These facilities require enormous amounts of electricity, water, land and construction materials, creating a […] The post How AI Data Centers Are Making Everything More Expensive appeared first on Tekedia.

Uber Is Leaving Nigeria: Why It Is Exiting After 12 Years and What Happens Next After 12 years in Nigeria, Uber is leaving the market. The ride-hailing company announced on September 2, 2026,… TechCity

The founders of Flexitech Group Limited, the company behind the Kenyan save-now-buy-later fintech FlexPay, have been arrested over the alleged theft of KES 31.2 million ($242,000) belonging to an unnamed major retail chain, adding to scrutiny of the startup after months of customer complaints about delayed withdrawals.

Key Points Main Story MTN has partnered with The Block Hive, a technology hub in Nsukka, Enugu State, to provide at least 5,000 free internet routers to young people across the South-East. The initiative is aimed at supporting techies, students, remote workers, entrepreneurs and digital creators who require internet access to participate in the digital […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

Uber’s exit ends a 12-year run in Nigeria, one of its earliest markets, where it launched in 2014. The company helped build the country’s ride-hailing market, but is leaving as intensifying competition, rising operating costs, and growing regulatory pressure have made the market harder to navigate.