Author: Arabian Media staff

As young Americans struggle with high costs of living and salaries that haven’t kept pace with inflation, some of them rely on loans to make ends meet.Nearly half (46%) of Gen Z between the ages of 18 and 27 depend on financial assistance from their family, according to a 2024 report from Bank of America.What’s more, even though some parents are willing to help their kids out with cash, those loans don’t always come without strings attached — sometimes in the form of interest. Related: Gen Z Is Turning to Side Hustles to Purchase ‘the Normal Stuff’ in ‘Suburban Middle-Class…

Air pollution is a problem most Indians face daily but often ignore. For context, Delhi’s overall AQI currently hovers around 124, a level considered unsafe for sensitive groups, and conditions can get worse during peak pollution seasons. While traditional room purifiers provide relief indoors, one often has to wear masks outside; however, they are not as useful. Global players like Dyson and LG have already launched wearable air purifiers to solve this problem, but affordable, India-first alternatives have been missing so far. Enter Atovio, a Gurugram-based healthtech startup that aims to bridge this gap by making clean air portable and accessible.Founded…

Some of the richest people in the world — Elon Musk, Jeff Bezos, and Mark Zuckerberg — made their fortunes in Silicon Valley. However, a new report in the Wall Street Journal suggests that most U.S. billionaires did not amass their wealth in tech. Instead, it’s the banking and finance fields that have produced most of the country’s super-rich.According to data shared with the WSJ from wealth intelligence company Altrata, there were 1,135 billionaires in the U.S. last year, up from 927 in 2020. Approximately 300 billionaires made their money in banking and finance, while an estimated 110 came from…

Opinions expressed by Entrepreneur contributors are their own. I’ll never forget the day I realized I couldn’t do it all anymore.My business had just crossed the million-dollar mark, but I was still trying to handle everything myself — coaching clients, selling, leading my team and running the accounting. Then, one day, I discovered I’d accidentally overcharged our biggest client $46,000 over nine months because I’d set up auto-pay and never double-checked it.The wave of panic that hit me was overwhelming. It was one of the worst moments of my professional life. I immediately owned the mistake, apologized and worked out…

When was the last time you pictured the investing class in India? For decades, what we imagined was an office worker in a city, scanning stock tickers on a dual screen or calculating numbers in a high-rise. However, things are starting to change now. A 28-year-old Guwahati teacher checking her SIP on her phone before class or an Indore boutique owner rebalancing her portfolio between client orders could be the new investor today. These faces are increasingly those of small-town women, and they are changing the story of Indian investing. Women’s mutual fund participation has grown dramatically in recent years,…

According to U.S. Bureau of Labor Statistics data published Wednesday, job openings in July fell to the lowest level in 10 months — 7.18 million from 7.36 million in June. Now, a new report by career website ResumeUp.AI suggests a whole bunch of those openings might not even be real.The analysis found that 27.4% of all U.S. job listings on LinkedIn are likely ghost jobs with no intentions to hire. According to the Congressional Research Service report on ghost jobs, the term is defined as “online job postings for positions that do not exist, or that employers are not planning…

While India has one of the world’s most affordable healthcare facilities, for many, accessibility is tough, and the costs are still high. Apart from finances, many deal with crowded diagnostic labs and wait times.A new wave of AI-powered healthtech startups, however, is rewriting that experience by making diagnostics faster, cheaper, and more accessible, especially for people living in non-metro regions. Using technologies like machine learning, computer vision, portable diagnostic devices, and cloud-based platforms, these companies are turning complex lab tests into quick, point-of-care solutions.AI algorithms can now read X-rays, MRIs, or CT scans in minutes with accuracy comparable to radiologists, while…

Anthropic, the AI startup behind the chatbot Claude, finalized a deal on Tuesday for a new, $13 billion Series F funding round that catapults its valuation from $61.5 billion to $183 billion, making it one of the most valuable startups ever.Anthropic has more than 300,000 business customers and has seen a sevenfold increase in its number of large clients with projects above $100,000 in the past year, the company said in a statement.”We are seeing exponential growth in demand across our entire customer base,” Anthropic CFO Krishna Rao said.Related: ‘We Don’t Negotiate’: Why Anthropic CEO Is Refusing to Match Meta’s…

Opinions expressed by Entrepreneur contributors are their own. Over the past few months, I’ve received a surprising number of emails and even phone calls from private equity firms asking if I’d consider selling my business.”Gene,” they all say, “we’ve followed your growth in the technology space and believe we can help you unlock value while preserving your legacy and team. Would you be open to a 20-minute call to discuss mutual opportunities?”It’s flattering, sure. And it makes sense. According to Harvard’s Corporate Governance site, private equity exits jumped from $754 billion in 2023 to $902 billion in 2024 — about…

Hello,A modern-day Nosteradamus?A London-based startup called Mantic, which claims to have developed tech that can forecast world events, has reportedly come out of stealth, raising $4 million in its pre-seed funding.“Our system thinks like a human forecaster, but with digital speed and scale. This means it shines in data-poor or fast-moving domains like geopolitics and business,” the company says in a LinkedIn post.Toby Shevlane and Ben Day, the brains behind the startup, have previously worked at Google DeepMind.What does the future hold for India’s startup ecosystem? More public outings!Capital markets regulator SEBI has cleared the initial public offering plans of…