Browsing: Business

Europe is committing €150 billion to AI investment, aiming to accelerate innovation, drive economic resilience, and strengthen strategic sovereignty across key industries.

Japan recorded a record $193 billion current account surplus in 2024, fueled by strong foreign investment returns, a weak yen, and an improving trade balance, Finance Ministry data shows.

Russia says its natural gas reserves, totaling 63.5 trillion cubic meters, will last over 100 years, reinforcing its global energy position despite shifting geopolitical dynamics.

Tesla’s Germany sales plunged nearly 60% in January, falling to third place. Analysts link the drop to CEO Elon Musk’s support for far-right AfD, sparking controversy.

Nobel laureate Eugene Fama warns Bitcoin may be worthless in 10 years, arguing its volatility prevents it from being a viable currency. His remarks reignite the Bitcoin sustainability debate.

Amazon is set to invest $100 billion in AI for 2025, surpassing last year’s $83 billion spend, as CEO Andy Jassy calls it a “once-in-a-lifetime” business opportunity.

The Bank of England cut interest rates to 4.5% amid weak UK growth, signaling further reductions ahead as inflation slows and economic uncertainty persists.

The EU will hold Temu and Shein liable for unsafe product sales as part of a crackdown on low-cost e-commerce imports, aiming to protect consumers and level competition.

Nvidia stock climbed 4% as Alphabet’s $75B capex plan reassured investors that AI spending remains strong despite concerns over China’s DeepSeek AI model.

Trump warns tariffs on the EU and UK are imminent, citing trade imbalances, but signals Britain may negotiate a deal to avoid levies. EU vows to retaliate against potential tariffs.