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Beijing is launching 51 pilot projects to embed AI into its power grid, aiming to boost efficiency as global computing demands strain electricity supplies.
With its proxy war over, new CEO Heidi O'Neill inherits $1.8B in cash to update products, fight rivals, and win back US shoppers.
Nvidia CEO Jensen Huang declared Taiwan the epicentre of the AI revolution, breaking ground on a new Taipei HQ set to open by 2030.
The U.S. granted Volvo Cars a specific exemption to keep selling connected vehicles, dodging a strict ban on China-linked software and hardware.
Micron surged 19% to top a $1T market cap after UBS tripled its price target to $1,625, citing a structural, AI-driven shift in memory chip demand.
Australia's inflation rate eased in April 2026, with the Consumer Price Index (CPI) rising 4.2% over the previous 12 months, down from 4.6% in March. While headline inflation showed signs of cooling, underlying inflation pressures remained relatively persistent. The trimmed mean inflation rate, which excludes more volatile price movements, edged slightly higher to 3.4% from 3.3% a month earlier. On a
Japan approved $3B to slash household power and gas bills for three months starting July, fighting soaring fuel prices from the Middle East war.
Hong Kong hit $2.95T in cross-border wealth, topping Switzerland for the first time via China ties and a 2025 IPO boom.
The ECB is urging banks to speed up IT security patching after Anthropic's new Mythos AI tool exposed global banking vulnerabilities by chaining lower-risk bugs.
Meta, Broadcom, and other tech firms are launching a $125 million semiconductor research hub at UCLA to accelerate AI chip innovations and train future engineering talent.
Japan's Nikkei fell 0.25% to 64,996.09, retreating from a record high as investors booked profits and rising oil prices weighed on sentiment.
Trump's economic legacy is tied to newly installed Fed Chair Kevin Warsh, as rising inflation and interest rates hurt consumer sentiment ahead of midterms.
For the third quarter ended May 9, 2026, AutoZone reported net sales of $4.8 billion, an 8.4% increase compared to the same period in fiscal 2025. Net income rose to $641.5 million from $608.4 million a year earlier, while diluted earnings per share increased to $38.07 from $35.36. Operating profit also grew by 6.6% to $923.8 million. Same-store sales for the
Foreign-branded phone shipments in China grew 1.8% in April to 3.59 million units, while overall phone shipments rose 2.8% to 25.73 million.
Walmart is seeing a shift in its leadership ranks as Sam's Club COO Tom Ward retires and U.S. store operations EVP Cedric Clark departs the company.
Berkshire Hathaway's latest 13F filing reveals a significant portfolio overhaul by new CEO Greg Abel, characterized by a sharp reduction in total stock holdings.
Nissan subsidiary JATCO has scrapped a £48.7 million project to build EV powertrains in Sunderland, UK.
DHL, FedEx, and UPS are urging EU ministers to phase in new low-value package duties.
Major U.S. carriers, including American and United, are increasingly replacing small regional jets with Airbus A319 mainline aircraft on routes to secondary cities.
Nvidia CEO Jensen Huang confirmed that China is included in his $200 billion CPU market forecast. While licensing hurdles for H200 chips remain, he emphasized the market's importance amidst U.S.
Ferrari is launching its first EV, the €500,000 Luce, in Rome today. This bold, high-end move aims to define luxury electrification despite uncertain market demand.
The SEC is poised to introduce an innovation exemption allowing tokenized equities to trade on crypto-native infrastructure
Treasury Secretary Scott Bessent warned that China may use Hong Kong's digital asset sandbox to build a global alternative to US financial leadership.
Norwegian energy giants Equinor and Aker BP have agreed to swap stakes in several North Sea oil and gas fields, including Ringvei Vest, Yggdrasil, and Wisting.