Zelenskyy: U.S. proposes 'free economic zone' in east if Ukraine cedes Donbas
Ukraine has presented the U.S. with a revised 20-point framework to end its war with Russia, President Volodymyr Zelenskyy said on Thursday, adding th...
Microsoft expects to invest about $30 billion in capital expenditures this quarter, part of an overall record of more than $80 billion planned for fiscal 2025, as its Artificial Intelligence (AI) powered cloud services continue to accelerate revenue and market value.
Microsoft’s surge in AI spending is paying off. In Q4, the company is projected to spend roughly $30 billion. It is a quarterly peak as it builds out AI infrastructure to support Azure, Microsoft 365 Copilot, GitHub, and other cloud services.
For fiscal 2025 overall, Microsoft remains on track to exceed $80 billion in capital expenditures, dedicated largely to data centres and high-performance servers that underpin its AI strategy.
The company’s AI-led growth strategy showed results in its Q4 earnings - Azure surpassed $75 billion in annual revenue, growing 34% year‑on‑year and helping drive total quarterly revenue to $76.4 billion, up 18% from a year earlier.
Microsoft shares climbed more than 7% following the earnings release, as investors welcomed earnings beats and strong forward guidance on cloud and AI momentum. The company is now nearing a $4 trillion market valuation.
Despite laying off around 15,000 employees this year, executives reaffirmed that cutting costs was “transformational” and necessary to align with rapid AI infrastructure scaling and efficiency goals
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
China’s Ministry of Foreign Affairs has urged Afghanistan and Pakistan to resolve their tensions through dialogue and engagement, as it pledged to work with the international community to help improve relations between the two countries.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
Ukraine has presented the U.S. with a revised 20-point framework to end its war with Russia, President Volodymyr Zelenskyy said on Thursday, adding that the issue of ceding territory remains a major sticking point in negotiations.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Thailand’s caretaker Prime Minister Anutin Charnvirakul is scheduled to speak with U.S. President Donald Trump later in the day, as border clashes between Cambodia and Thailand continued for a fifth day, he said on Friday.
The White House has confirmed that U.S. President Donald Trump intends to maintain both a “good working relationship” with China and a “very strong alliance” with Japan, even as tensions between the two countries continue to rise.
Pakistan has indicated its openness to forming a regional bloc with Bangladesh without including India. The statement from Islamabad follows comments by Bangladesh’s top foreign affairs adviser, Md Touhid Hossain, that such an arrangement is strategically possible without India.
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