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%…
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…
Visa is deepening its push into digital currencies by expanding support for stablecoins across four new blockchains. The move marks a significant expansion of the global payments leader’s crypto infrastructure, as demand for blockchain-based settlements surges among banks and financial institutions.The company confirmed the rollout during its fourth-quarter and year-end…
Donald Trump is tying together two of the world’s most contentious issues — artificial intelligence and the fentanyl crisis — as he prepares to meet Chinese President Xi Jinping. Speaking aboard Air Force One en route to South Korea, Trump said he expects to lower US tariffs on Chinese goods…