SAP SE's Q4 cloud revenue rose 27% to €4.71 billion, slightly surpassing expectations. The company is promoting AI-driven cloud services to attract clients.
UBS has begun job cuts in Switzerland, impacting management and staff, as part of its Credit Suisse integration. Around 3,000 redundancies are expected.
OpenAI has asked an Indian court to dismiss a copyright lawsuit, claiming ChatGPT uses only public information. The case will be heard in New Delhi on Tuesday.
The U.S. Senate confirmed Scott Bessent as Treasury Secretary on Monday, giving the billionaire hedge fund manager a key role in shaping Trump's policies on tax cuts, spending, and economic relations.
Trump called for OPEC to lower oil prices and global interest rates to drop, warning of tariffs on products made outside the U.S. during his speech at Davos.
Repsol plans to invest 4 billion euros ($4.2B) in data centers, according to Expansion newspaper, citing sources close to the process.
China's manufacturing activity shrank in January, with the PMI dropping to 49.1 from 50.1 in December, fueling calls for stimulus in the world's second-largest economy.
Nvidia (NVDA) stock fell 12% after Chinese startup DeepSeek's new AI model raised U.S. competitiveness concerns.
Novo Nordisk will cap out-of-pocket insulin costs at $35 per month as part of a settlement over high pricing accusations.
Trump has blocked government agencies from creating or promoting a digital dollar (CBDC) and ordered an end to any ongoing efforts on the matter.
Italy and Saudi Arabia signed $10B agreements to strengthen ties. PM Meloni hopes this opens new opportunities for cooperation between the two nations.
Argentina's economy grew 0.1% in November, surprising analysts who expected a 0.6% contraction, signaling a potential recovery amid tough austerity measures.
Costco shareholders rejected a proposal for a report on DEI risks, signaling support for diversity initiatives that gained focus after the 2020 Black Lives Matter movement.
Rivian plans to launch hands-free driver assistance in 2025 and "eyes-off" systems in 2026, aiming to add significant value as automakers compete in autonomous tech.
Tesla will recall over 1.2 million cars in China, including imported Model S, X, and China-made Model 3 and Y, to fix safety-related software issues.
JPMorgan CEO Jamie Dimon downplayed concerns over new tariffs, saying they're an economic tool that could be slightly inflationary but beneficial for national security.
U.S. 30-year mortgage rates dropped to 6.96%, the first decline in 5 weeks. 15-year rates eased to 6.16%, bringing slight relief to homebuyers and boosting applications.
Tesla launched a higher-priced Model Y in the U.S., Canada, and Europe, costing $59,990, 25% more than the previous version, with optional full self-driving software.
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.