Alibaba will spend $431 million to boost its Qwen AI app over Lunar New Year, outspending rivals Tencent and Baidu as China's AI race intensifies.
Despite investing in projects like AI-driven agriculture, Europe's $955B recovery fund faces delays, bottlenecks, and unspent funds as deadlines near.
Trump sues IRS and Treasury for $10B, claiming leaks of his tax returns caused reputational and financial harm; IRS contractor was jailed for the disclosures.
Meta faces a New Mexico trial for allegedly exposing kids to sexual exploitation and harm on its platforms; it denies claims, citing legal protections.
Amazon in talks to invest up to $50B in OpenAI, potentially becoming the biggest backer in the AI startup's $100B funding round.
Tesla to double spending to $20B in 2026, focusing on autonomous vehicles and humanoid robots, not traditional EV sales.
American Airlines plans to resume U.S.–Venezuela flights after Trump reopened airspace, pending security checks and regulatory approval, ending a six-year halt.
Trump plans to announce his Fed chair pick Friday, with markets betting on Kevin Warsh as investors weigh impacts on rates, the dollar and volatility.
Apple forecast up to 16% revenue growth as iPhone demand rebounds in Asia, with China sales up 38%, though chip shortages may pressure margins.
A U.S. judge ruled Bank of America must face claims it knowingly benefited from Jeffrey Epstein's trafficking, while a similar case against BNY Mellon was dismissed.
Lawmakers passed reforms cutting taxes, boosting ministry power and giving private firms autonomy, aiming to revive output as U.S. eases sanctions.
Mastercard beat Q4 profit estimates on strong spending, but will cut 4% of staff, taking a $200M restructuring charge this quarter.
Starmer meets Xi in Beijing, signalling a reset in UK-China ties, eyeing trade gains, tariff cuts and cooperation despite security concerns.
Tesla invests $2bn in Musk's xAI, confirms Cybercab production this year, boosts AI pivot but flags heavy capex and chip supply risks.
Fed keeps rates at 3.5–3.75%, citing easing risks, still-high inflation and a stabilizing job market; cuts likely later.
Google agrees to pay $135m to settle claims it collected Android users' cellular data without consent, while denying any wrongdoing.
EU urges faster launch of a digital euro to cut reliance on U.S. payment firms, boosting Europe's economic autonomy and security.
Gold tops $5,300 as a weak dollar and Fed uncertainty fuel safe-haven demand. Investors await Powell's remarks for rate clues.
UK regulators fined Bank of Scotland £160k for letting a sanctioned Putin ally access banking after a name spelling mismatch bypassed checks.
The EU and Vietnam plan closer cooperation on critical minerals, chips and trusted 5G as they upgrade diplomatic ties and boost security and trade links.
Amazon mistakenly emailed AWS staff about planned layoffs early, revealing cuts tied to AI use and a broader plan to slash up to 30,000 corporate jobs.
SoftBank is in talks to invest up to $30B more in OpenAI, part of a funding round that could raise $100B and value the firm at $830B.
Roche's experimental CT-388 achieved 22.5% weight loss in a Phase II trial, seeking to challenge Lilly and Novo in the $150B obesity market.
SoftBank ends $50B talks to buy Switch, slowing Masayoshi Son's Stargate AI plans for OpenAI data center expansion.