economy

The U.S. Department of Labor has suspended Microsoft and Adobe from its Permanent Labor Certification program, reflecting a broader crackdown on immigration and foreign hiring practices as the midterm elections approach. This decision could significantly impact the companies' ability to hire foreign talent and may influence their operational strategies.

Amazon's introduction of new, higher-priced Alexa tablets marks a strategic shift away from its budget-friendly Fire lineup, aiming to enhance profitability in its devices segment. This move reflects a broader trend in the tech industry as companies adapt to rising component costs and seek to position their products more competitively against established brands like Apple.

Skydance co-CEOs David Ellison and Ynon Kreiz are set to discuss their strategic plans following the recent acquisition of Warner Bros. Discovery by Paramount, highlighting their focus on film production and streaming service integration.

Yandex, a leading Russian internet company, has halted operations at a key data center following a drone strike attributed to ongoing Ukrainian attacks on Russian infrastructure. This incident may disrupt Yandex's services and reflects the escalating conflict's impact on technology and business operations in the region.

Elon Musk has accused Indian telecom giants of obstructing the launch of SpaceX's Starlink service, claiming this is detrimental to consumers and indicative of monopolistic practices in the market. This situation highlights the challenges Starlink faces in entering a market dominated by established players like Jio and Airtel.