| Welcome to Global Village Space

Tuesday, April 22, 2025

Billionaire executives cashed out billions before Trump’s tariff shockwaves

Meta Platforms Inc. CEO led the pack, selling 1.1 million shares through the Chan Zuckerberg Initiative and related foundations.

Saudi Arabia introduces VAT refund for tourists 

New policies mark major changes to Saudi Arabia's VAT regime, with tourism and business compliance in focus.

US targets China’s DeepSeek in expanding AI tech war

US weighs DeepSeek ban amid AI chip curbs, IP theft claims, and rising tensions in the US-China tech race.

Apple launches major Gulf hiring spree ahead of Saudi online store debut

Apple kicks off major hiring drive across Saudi Arabia and UAE ahead of online store launch and regional retail expansion through 2026.

TikTok deal stalls as China blocks U.S. sale in response to tariff hike

This marks the second time Trump has used executive power to delay the enforcement of the law, raising legal concerns.

Pakistan Explores Bitcoin Mining and Asset Tokenization in Landmark Meeting

Pakistan is advancing Bitcoin mining and asset tokenization through strategic investments, regulatory frameworks, and global partnerships to position itself as a blockchain leader.

Forever 21 files for the second time

Forever 21, once a dominant force in fast fashion, has filed for Chapter 11 bankruptcy for the second time in six years.

Apple commits $500 billion to US innovation and jobs

Apple invests $500 billion in US with a Texas AI factory, 20,000 jobs, chip expansion, and new data centers.

Alibaba’s $50 billion AI bet signals big tech comeback

Alibaba to invest $53B in AI and cloud, signaling a tech rebound after regulatory crackdowns and Jack Ma’s rare meeting with Xi Jinping.

Convenience stores sue PepsiCo over pricing practices

PepsiCo faces lawsuit from California stores over alleged price discrimination, claiming unfair deals favor big retailers like Walmart.

Italian business tycoons targeted in AI voice scam

The scam involved fraudsters making phone calls that appeared to originate from government offices in Rome.

OpenAI eyes $40 billion investment as AI race intensifies

The move comes just three months after OpenAI’s previous funding round, which valued the company at $157 billion.