Browsing: Business
Indian Prime Minister Narendra Modi and U.S. President Donald Trump have agreed to commence negotiations on a bilateral trade agreement, marking a significant step in strengthening trade ties between the two nations. Announced during Modi’s visit to the White House
Sony has raised its full-year revenue and profit forecasts following a strong performance in the gaming sector during the December quarter. The Japanese technology giant now expects sales for fiscal year 2024 to reach 13.2 trillion yen ($85.6 billion), reflecting
As the 2025 AI Action Summit unfolds in Paris, Europe is making a decisive push to establish itself as a global leader in artificial intelligence. The EU AI Champions Initiative, led by global investment firm General Catalyst, has called for
Russia has announced that its extractable natural gas reserves are sufficient to sustain production levels for more than 100 years. Alexander Kozlov, Russia’s Minister of Natural Resources, stated that the country holds approximately 63.5 trillion cubic meters of natural gas, representing
Japan recorded a historic current account surplus of 29.26 trillion yen ($193 billion) in 2024, marking the highest level on record, according to data released by the Finance Ministry on Monday. The surge was primarily driven by unprecedented returns on
Tesla’s sales in Germany saw a sharp decline of nearly 60% in January, according to data from the Federal Motor Transport Authority (KBA). The drop follows CEO Elon Musk’s public support for the far-right Alternative for Germany (AfD) party, a move that has
Amazon has announced plans to increase its capital expenditures to $100 billion in 2025, marking a significant investment in artificial intelligence and cloud infrastructure. The tech giant’s spending surge follows its 2024 capex of approximately $83 billion, as it seeks to
The Bank of England (BoE) announced its first interest rate cut of 2025 on Thursday, reducing the benchmark rate by 25 basis points to 4.5%. The decision, made amid concerns over sluggish economic growth, saw seven of the nine members of the
Nvidia’s stock surged over 4% on Wednesday, rebounding from last week’s sell-off as concerns over China’s DeepSeek AI model failed to dampen Big Tech’s spending on artificial intelligence infrastructure. The stock’s rise follows Alphabet’s announcement of a planned $75 billion capital expenditure in 2025, well above Wall
China has announced retaliatory economic measures against the United States following the implementation of 10% tariffs on Chinese imports by the administration of U.S. President Donald Trump. The new Chinese tariffs, set to take effect on February 10, include a 15% duty on certain