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.
Trump met Syria's president in Saudi Arabia, urging Israel ties after the U.S. lifted sanctions on his Islamist-led government before a Gulf summit.
Samsung to buy Germany's FlaktGroup for €1.5B to boost data center cooling for AI. It's Samsung's biggest deal in 8 years, buying from Triton.
Spain's Telefonica reported a €1.3B Q1 loss after write-downs in Peru and Argentina, in line with analyst forecasts of a €1.32B loss.
The U.S. agreed to a $142B arms deal with Saudi Arabia, the largest ever, covering defense, missiles, air, sea, space, and communication tech.
Japan's wholesale inflation rose to 4.0% in April as firms passed on higher raw material and labor costs, likely supporting more rate hikes by the central bank.
Xiaomi SU7 orders dropped 55% after a fatal crash raised safety concerns. Tighter rules and poor communication add to the backlash hurting sales.
The U.S. will cut tariffs on low-value Chinese imports like Shein and Temu, easing trade tensions after a deal with Beijing to reduce earlier duties.
BlackRock CEO Larry Fink says trillions are sitting idle in cash as trade war fears and U.S. economic uncertainty shake investor confidence.