Ericsson's Q4 revenue rose 1% to $6.66B, beating estimates. However, operating profit missed expectations as North America grew, while U.S. tariffs remain a concern.
Norway's central bank kept its interest rate at 4.50%, a 17-year high, and plans to begin cutting rates in March.
The UK FCA plans to remove the £100 contactless limit and introduce an open finance system for SME financing.
EasyJet shares dropped as it lowered Q2 revenue expectations but kept full-year profit guidance. European airline stocks are down, hoping for stable fuel prices and demand in 2025.
Michael Bloomberg's philanthropy and other U.S. funders will cover the U.S. financial obligations to the UN climate framework after Trump announced a second pullback from the Paris Agreement.
Tesla is raising car prices in Canada starting February 1. Model 3 prices could go up by C$9,000, while Model Y, S, and X will rise by up to C$4,000.
GE Aerospace raised profit forecasts after Q4 earnings beat estimates, driven by high demand for parts. Shares rose 6.5%, with plans to boost buybacks to $7B and raise dividends.
Wildfires in Pacific Palisades and LA have caused $350 million in damage to public infrastructure, including streetlights, centers, and a library.
Japan's trade surplus with the US hit ¥8.6 trillion, fueled by car exports and a weaker yen, potentially drawing US criticism.
UK borrowing reached £17.8bn in December, higher than expected, due to rising spending and debt costs, adding pressure amid weak economic growth.
Xi and Putin vowed to strengthen ties, stressing Ukraine talks must respect Russia's interests. Trade hit $240bn in 2023.
President Trump threatened EU tariffs and a 10% duty on Chinese imports over fentanyl shipments, after taking office without imposing campaign-promised tariffs.
Goldman Sachs is launching a Generative AI assistant for staff, with plans to develop a bot that thinks and acts like an experienced banker.
Google's AI fund has led a $3 million seed round for Arva AI, a startup that helps banks and fintechs automate AML and KYB compliance.
Toronto-Dominion Bank is selling $9 billion in mortgages to meet a US regulatory cap after a money laundering settlement.
Nationwide reports a rise in ATM cash withdrawals for the third year, as Brits use cash to budget amid high living costs.
Netflix is raising prices in the U.S. and Canada, with hikes of $1 to $2.50. The ad-supported plan is now $7.99, standard $17.99, and premium $24.99. Extra member fee is $8.99.
OpenAI, Oracle, and Softbank are teaming up to build AI-powered data centers, investing $100bn immediately. The joint venture, Stargate, plans to invest $500bn over the next four years.
Trump announced the U.S. will leave the WHO, blaming its mishandling of COVID-19, political influence, and unfair financial burden on the U.S. compared to other countries.
Trump's order targets EV incentives, halts funding from Biden's laws, and challenges state rules on gas-powered cars.
President Trump announced plans to impose up to 25% tariffs on Mexico and Canada by Feb. 1, citing concerns over undocumented migrants and drug trafficking.
India will allow sugar mills to export up to 1 million tons this season, easing restrictions to support farmers and strengthen the sugar sector.
Apple's iPhone sales in China dropped 18.2% in Q4, losing the top spot to Huawei. This led to a 5% global sales decline during the key shopping period.
Trump issued an executive order delaying TikTok's ban, citing national security concerns, and suggested the US may take a 50% stake or impose tariffs on China over the deal.