China’s Alibaba targets $100 billion in AI and cloud over demand boom.
Alibaba Group, the largest technology company in China, announced on Thursday that it will use the surge in AI demand to drive its aim of
Dangote’s Kenyan refinery project faces hurdles, including crude supply and funding.
Billionaire Aliko Dangote is determined to duplicate Africa's largest oil refinery on the other coast of the continent, less than three years after overcoming rising
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
African nations to borrow $155 billion in long-term commercial debt this year, S&P says.
A survey by S&P Global Ratings shows African countries are anticipated to borrow $155 billion in long-term commercial debt this year, a 10% increase over
Nvidia’s CEO anchors the next phase of the AI boom on “inference inflection” with $1 trillion in orders.
On Monday, Jensen Huang, CEO of Nvidia, expounded on his strategy for maintaining his company’s leadership in the artificial intelligence boom, which he projected will
Poland becomes the world’s 20th largest economy with over $1 trillion in annual output.
Poland’s residents were paid a tenth of what West Germans made, and the country rationed grain and sugar a generation ago. With an annual production
Trump aims to close the $1.6 trillion revenue shortfall with a plethora of new tariffs.
The Supreme Court’s ruling to overturn some of the president’s import taxes destroyed almost $1.6 trillion in lost tariff income, and this week the Trump
Trump adminstration is to receive a $10 billion fee from investors for brokering the TikTok deal.
Investors in the recently concluded transaction to take over TikTok’s U.S. business will pay a fee of almost $10 billion to President Donald Trump’s government.
Swiss wealth managers expect the Middle East crisis to boost the inflow of Gulf assets.
Wealthy people are trying to move their assets from the Gulf region to Switzerland due to the intensifying turmoil in the Middle East after the
World faces biggest oil supply disruption ever on Middle East war, IEA says.
A day after agreeing to release a record amount of oil from strategic stocks, the International Energy Agency said on Thursday that the Middle East
AT&T commits $250 billion to boost US AI infrastructure.
As telecom companies increase their investments to meet the growing demand for data, AT&T announced on Tuesday that it will hire thousands more technicians this
Nvidia-backed Nscale is valued at $14.6 billion after raising $2 billion for global AI infrastructure.
After obtaining $2 billion in its most recent investment round, the Nvidia-backed artificial intelligence company Nscale was valued at $14.6 billion, the British company announced
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