06:09
Elon Musk’s xAI acquires X in $33 billion deal
Elon Musk’s xAI has acquired his social media platform X in a $33 billion all-stock deal.
10:48
Canada Freezes Tesla Rebate Payments Amid Tariff Dispute
Canada has suspended Tesla rebate payments and barred the automaker from future EV incentives due to U.S. tariffs. Transport Minister Chrystia Freeland said the freeze will remain until claims are individually reviewed.
16:00
Hyundai
Hyundai Steel unveils US factory plan, shares skid
Hyundai Steel, in partnership with Hyundai Motor Group, announced a $5.8 billion investment to build a new steel plant in Louisiana, U.S., with an annual capacity of 2.7 million tonnes.
21:42
Ukraine minerals
Trump expects to sign Ukraine minerals deal soon
U.S. President Donald Trump announced on Monday that he anticipates a U.S.-Ukraine revenue-sharing agreement on Ukrainian critical minerals will be signed soon.
18:30
Reliance Industries
Reliance Industries eyes AI partnerships with OpenAI and Meta, report says
In a move that could significantly boost India's artificial intelligence landscape, tech leaders OpenAI and Meta Platforms have engaged in separate discussions with Reliance Industries, according to a report by The Information.
18:00
construction training
UK commits £600m to boost construction training amid skills crunch
The British government announced on Saturday a £600 million investment aimed at addressing severe construction skills shortages that threaten its ambitious plan to build 1.5 million new homes by 2029 and drive economic growth.
17:34
UK sanctions freeze £25 billion of Russian assets
The Office of Financial Sanctions Implementation (OFSI) has disclosed the full impact of UK sanctions on Russia, reporting that more than £25 billion in Russian assets have been frozen.
22:30
FTC
FTC erases Biden-era business blog posts, sparking censorship concerns
The Federal Trade Commission (FTC) has removed all business blog posts dating from President Joe Biden’s term from its online publication, erasing more than 300 entries that once offered companies guidance on complying with consumer-protection regulations.
16:30
Coffee Prices
Coming to a store near you: double-digit coffee price hikes
Popular coffee brands are negotiating price hikes with retailers due to a sharp rise in arabica costs, with some supermarket shelves running out of stock. Prices may increase by up to 25% as companies grapple with supply chain pressures.
15:00
Zhang Yiming
The owner of TikTok becomes China’s wealthiest individual
Zhang Yiming, the founder of Bytedance and owner of TikTok, has become China’s richest person, according to multiple wealth rankings. Bloomberg Billionaires Index places him as the world’s 24th wealthiest individual, with his fortune estimated between $57.5 billion and $65.5 billion.
16:30
Venezuelan oil
China slams Trump's tariffs on importing Venezuelan oil
China has strongly criticized U.S. President Donald Trump's recent executive order, which threatens to impose a 25% tariff on all goods imported to the U.S. from any country that imports oil from Venezuela.
14:00
Australia fast-tracks A$1 billion defence spending boost in federal budget, says minister
Australia is set to accelerate A$1 billion in defence expenditure in Tuesday’s federal budget, as part of a broader effort to enhance its military capabilities, Defence Minister Richard Marles announced on Monday.
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13:30
Australia Air Force
Australia Air Force pilots also heard Chinese navy live-fire warning on radio
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
06:00
Central Asian rare metals: a resource curse or an engine of economic growth?
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
12:56
Kharkiv Drone Attack
Mass Russian drone attack hits Kharkiv, injuring twenty one
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
11:31
Kyiv
Three killed, including child, in overnight drone attack on Kyiv
A devastating overnight drone attack on Kyiv, attributed to Russian forces, resulted in the deaths of three people, including a five-year-old child, and left ten others injured.
10:44
U.S. Imports Eggs Amid Record-High Prices from Bird Flu
The Trump administration is importing eggs from Türkiye and South Korea to address shortages and record-high prices caused by a severe bird flu outbreak.
21:30
Fed
Fed holds rates; new projections spotlight uncertainty amid Trump's trade agenda
The Federal Reserve is widely expected to keep interest rates unchanged at Wednesday’s meeting.
19:30
Wiz
Trump administration's antitrust moves accelerate Google's $32 billion deal for Wiz, sources say
In a flurry of negotiations following President Donald Trump’s inauguration, Google has significantly accelerated its acquisition of Israeli cybersecurity firm Wiz, elevating its offer from an initial $23 billion to a whopping $32 billion—one of the largest tech deals in history.
19:00
Tech giants
Tech giants unite to boost U.S. AI infrastructure, consortium renamed AI infrastructure partnership
In a significant move amid the global race for artificial intelligence dominance, Nvidia and Elon Musk’s xAI have joined a consortium backed by Microsoft and BlackRock to expand AI infrastructure across the United States.
18:30
Pfizer
Pfizer exits Haleon stake with $3.24 billion divestiture
Drugmaker Pfizer has sold its entire stake in consumer healthcare firm Haleon for approximately 2.5 billion pounds (roughly $3.24 billion), according to sources involved in the transaction.
18:00
Morgan Stanley
Morgan Stanley to cut about 2,000 jobs in cost-cutting effort
Morgan Stanley is set to lay off approximately 2,000 employees later this month, representing roughly 2% to 3% of its global workforce—excluding financial advisers—in an effort to improve operational efficiency, according to a person familiar with the matter.
16:31
Turkish lira plunges to record low amid the arrest of Istanbul mayor
Turkey's lira fell as much as 12.7% and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and stocks also tumbling sharply, after authorities detained President Tayyip Erdogan's main political rival.
15:49
Samsung rebounds
Samsung’s comeback plan: big deals, AI push, and stock revival
Samsung vows a comeback with bold M&A plans as shareholder pressure mounts. Admitting missteps in AI and chip tech, executives pledge a turnaround by 2025. With a $7.2B buyback and a push for acquisitions, the tech giant aims to reclaim its lost edge.
15:02
Partnership
Vodafone idea explores partnership with Musk's Starlink for rural connectivity in India
Vodafone Idea is in talks with Elon Musk’s Starlink to expand connectivity in rural India. This move follows deals by rivals Airtel and Jio, as the telecom giant aims to leverage satellite technology to reach underserved areas and provide cost-effective broadband solutions.
14:37
Revenue shift
Foxconn predicts AI server revenue will overtake iPhone revenue within two years
Foxconn predicts AI server revenue will surpass iPhone revenue within two years, possibly as soon as this year. As a key Nvidia supplier, Foxconn is capitalizing on booming AI demand, with AI servers set to make up over half of its total server revenue in 2024.
11:43
Russia set to launch "large privatization" initiative
The Russian Finance Ministry has announced that a "large privatization" initiative will be launched this year, involving the sale of more than 100 items of state property.
12:02
Putin authorises US hedge fund to buy foreign-owned Russian securities
Russian President Vladimir Putin has given a U.S. hedge fund permission to buy securities in Russian companies from certain foreign stakeholders and authorised their future sale to two Russian funds, a presidential decree showed on Monday.
16:43
Uzbekistan begins privatization of three automotive companies
Uzbekistan has announced the sale of state shares in three major automotive companies as part of its ongoing privatization efforts.