Wednesday saw significant activity across the global stage, from major technology investments in Asia to key diplomatic signals from the White House. The biggest announcement came from Amazon, as the company’s cloud computing division revealed a multi-billion dollar plan to expand in South Korea. Meanwhile, US President Donald Trump adjusted…
Japan’s Nikkei 225 index climbed more than 1% to a new record on Wednesday, closing above the 51,000 mark for the first time. The gains in Tokyo were driven by a new trade agreement between the United States and Japan and sustained investor expectations for another interest rate cut by…
President Donald Trump arrived in South Korea on Wednesday for the final stop of his three-country Asia tour, setting the stage for a highly anticipated meeting with Chinese President Xi Jinping while simultaneously lowering expectations for a near-term summit with North Korean leader Kim Jong Un.Upon landing in Busan and…
Amazon Web Services (AWS) is set to channel another $5 billion into South Korea to expand its data center infrastructure, a major investment aimed at bolstering the nation’s ambition to become a dominant force in the global artificial intelligence race.The commitment, announced by South Korea’s presidential office, deepens the ties…
European stock markets opened flat on Wednesday as investors balanced strong earnings from the continent’s banking heavyweights against the major uncertainty of a looming interest rate decision from the US Federal Reserve.The pan-European Stoxx 600 index was flat shortly after the opening bell, reflecting a mixed picture across the region.…
Shortly before a summit between leaders Donald Trump and Xi Jinping, China’s state-owned COFCO purchased three US soybean cargoes. These were the first purchases by China from this year’s US harvest, according to a Reuters report.US farmers, who largely supported Trump’s presidential campaigns, have lost billions in sales due to the…
The world’s largest multilateral climate fund has announced its biggest financial commitment yet, backing a $6 billion water desalination and conveyance project in Jordan aimed at addressing the country’s worsening water scarcity, Reuters reported. The Green Climate Fund (GCF) approved a $295 million package—comprising both loans and grants—at its board…
When US President Donald Trump sits down with China’s Xi Jinping on Thursday in South Korea, one of the most scrutinized topics on the agenda will not be tariffs, rare earths, or fentanyl precursors alone; it will be Nvidia’s Blackwell AI chip.What was unveiled months ago as a corporate product…
Hurricane Melissa, now a Category 3 storm, struck Cuba early Wednesday after devastating Jamaica less than 24 hours earlier. The US National Hurricane Center (NHC) described it as an “extremely dangerous” storm that crossed into eastern Cuba with sustained winds of about 120 mph (195 km/h). As it moved inland,…
Microsoft is set to announce its fiscal first-quarter earnings later today, with Wall Street expecting another solid performance fuelled by artificial intelligence investments and robust demand for its Azure cloud platform.Analysts forecast revenue of $75.4 billion and adjusted earnings per share of $3.67, according to FactSet.That would mark a 15%…