Microsoft and Meta defend hefty AI investments against Chinese DeepSeek low-cost AI computing.
Premarket trade on Thursday saw a 3.5% decline in Microsoft shares after the company released a negative outlook for its cloud business, while Meta saw
Qatari Diar gives Egypt’s faltering economy a boost with $29.7b luxury projects on the Mediterranean coast.
Qatari Diar, the real estate division of Doha's sovereign wealth fund, will enter into a collaboration agreement to develop a project on Egypt's Mediterranean coast
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
DeepSeek, the Chinese AI startup, rattles the US stock market.
Stock markets were being rocked Monday by a flurry over an AI chatbot created by the Chinese tech startup DeepSeek, which was also igniting discussions
ECB’s Lagarde warns that excessive debt and inflation threaten central banks independence globally.
Central banks are facing challenges to their independence in some parts of the world, and increased political power might make it more difficult for banks
Trump pumps coal to solve AI power demands, but gains may be transient.
President Donald Trump has praised coal, a dependable but polluting energy source that has been declining for a long time, as part of his pledge
The ECB proposes the digital euro as a counter to Trump’s quest for crypto.
Piero Cipollone, a member of the European Central Bank board, stated on Friday that eurozone banks require a digital euro to react to U.S. President
Emerging economies to suffer net capital outflows as Trump’s policies pump up the US economy, JPMorgan warns.
Investment bank JPMorgan warned Thursday that emerging markets may be witnessing a dreaded “sudden stop” of capital flows as President Donald Trump’s “America First” policies
Saudi Arabia pledges to invest $600 billion in the US in return for Trump’s first foreign trip.
Saudi Arabia’s crown prince said on Thursday that the kingdom intends to spend $600 billion in the United States over the next four years. This
Trump announces Stargate, a $500 billion AI infrastructure by OpenAI, SoftBank, and Oracle.
On Tuesday, U.S. President Donald Trump announced that the private sector would contribute up to $500 billion to finance artificial intelligence infrastructure, aiming to surpass
FDIC sues 17 former directors and officers of the failed Silicon Valley Bank for billions of dollars.
In a lawsuit filed Thursday, the FDIC sought billions of dollars from 17 former Silicon Valley Bank executives and directors for alleged gross negligence and
German airline Lufthansa acquires 41% of Italian airline ITA Airways and full ownership by 2033.
A protracted period of uncertainty for Italy’s erstwhile flagship carrier ended on Friday when the German Lufthansa Group completed its acquisition of Italian airline ITA
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