Nike is laying off some tech division staff and shifting work to third-party vendors, the company said, noting the changes were announced last week.
Australia's central bank cut rates by 25 bps to 3.85%, a two-year low, citing a weaker global outlook and easing inflation, but stayed cautious on further cuts.
Nvidia unveiled NVLink Fusion, a chip-linking tech to speed up AI systems, and plans to sell it to other chipmakers to support custom multi-chip AI solutions.
China urged the U.S. to adopt responsible policies to protect global financial stability after Moody's downgraded the U.S. credit rating over rising debt concerns.
Spain orders Airbnb to remove 65,000+ rental listings, citing rule violations and blaming the platform for worsening housing shortages and rising property prices.
PM Ishiba rejects debt-funded tax cuts, citing Japan's poor fiscal health and rising rates, despite pressure to boost spending ahead of July's upper house election.
U.S. stocks rose on a tariff truce, led by Tesla and Nvidia, but Moody's credit downgrade may pressure markets as rising yields weigh on investor sentiment.
Ryanair saw strong demand, expects fare rebound after profits fell 16% due to lower fares from weak demand and disputes with online travel agents.
Xiaomi plans to invest 50 billion yuan ($6.93B) in chip design over 10+ years starting in 2025, founder Lei Jun announced on Weibo.
As Jamie Dimon's exit nears, investors worry. His leadership is key, making succession the top concern ahead of JPMorgan's Investor Day on Monday.
Trump says US will set new tariff rates soon, citing limited capacity to negotiate all deals at once. China talks paused as markets eye lasting tariff regime.
Meta asked a judge to dismiss the FTC's monopoly case, arguing the agency failed to prove Meta's dominance via its Instagram and WhatsApp acquisitions.
Japan's economy shrank in Q1 for the first time in a year, hit harder than expected as U.S. tariffs under Trump threaten exports, especially in autos.
Google One now has over 150M subscribers, up 50% since Feb 2024. The service offers cloud storage and AI tools, growing rapidly since its launch six years ago.
BOJ's Nakamura urged caution on rate hikes, citing U.S. tariff risks and economic pressure. He stressed careful policy amid trade uncertainty and weak demand.
Trump announced $200B+ in U.S.-UAE deals, including a $14.5B agreement involving Boeing, GE Aerospace, and Etihad Airways, the White House said Thursday.
IEA says global oil demand to slow in late 2025 due to EV boom and weak economy, while OPEC+ hikes keep market oversupplied and prices lower.
Tencent sees WeChat's all-in-one power as a key edge in China's AI race, as it taps into agentic AI to boost services like payments, gaming, and more.
U.S. plans new F-55 warplane, upgraded F-22 Super, Trump says in Doha after Qatar orders 160 Boeing jets in major business deals.
Deutsche Telekom Q1 core profit rose 7.9% to €11.3B, beating forecasts; the company slightly raised its full-year outlook.
Boeing won a $96B deal from Qatar Airways for 160 jets during Trump's Gulf visit, marking its biggest widebody order, with deliveries years away.
Siemens CEO urges Chancellor Merz to act responsibly and boost growth, saying the new German government must also defend democracy amid tough times.
Harley-Davidson blocked H Partners' bid to oust 3 directors, including the CEO, a month after the investor pushed to remove Jochen Zeitz, who's led since 2020.
Kraft Heinz is investing $3B to upgrade U.S. factories, aiming to cut costs and offset Trump's tariffs, despite weak consumer sentiment and lower forecasts.