TikTok’s long-running regulatory saga in the US has taken a decisive turn this week, with a tentative deal now on the table that could reshape the app’s future in one of its most profitable markets.According to officials briefed on the matter, TikTok’s US operations would be spun into a new…
Wednesday’s top headlines spotlight major economic, political, and tech developments.Investors await a key Federal Reserve interest rate decision that could signal a policy shift, while Utah prosecutors pursue the death penalty in the high-profile killing of Charlie Kirk.Meanwhile, global tech giants Baidu and Microsoft make bold moves in AI, signaling…
Jerry Greenfield, co-founder of Ben & Jerry’s, has stepped down from the ice cream company, his longtime partner Ben Cohen announced on Wednesday, in a move that has brought to a head the hostile relationship between the Vermont-based brand and its parent, Unilever, which acquired it in 2000.In an open…
China has banned its major tech firms from buying Nvidia’s AI chips, tightening its grip on sensitive technology imports amid rising tensions with the US, as per an FT report.Nvidia’s advanced products, including the RTX Pro 6000D and H20 models, were gaining lots of attention from Chinese firms eager to…
State visits to the UK do not happen often. And although this is Trump’s second UK visit this year alone, it appears that the stakes are high for the US President.On the surface, Donald Trump’s current UK visit is about trade deals, AI investments, and energy. But what if there…
SovEcon has significantly increased its projection for Russian wheat production in 2025, raising it by 1.1 million metric tons to an impressive 87.2 mmt. This updated forecast suggests a robust harvest, comfortably exceeding last year’s 82.6 mmt.The revised figures bring the expected output close to the multi-year average of 88.3…
Shares of Workday rose by more than 5.5% to $231.24 in premarket trading on Tuesday after activist investor Elliott Management disclosed it had built a stake of more than $2 billion in the human resources software provider.Elliott, one of the world’s most influential activist investors, said it viewed Workday as…
Investors in India are holding onto their used gold jewelry and coins, anticipating further price increases despite recent record highs. This has led to a scarcity of these items in the market, as many are reluctant to sell, expecting bullion prices to continue their upward trend.In stark contrast to March, when…
Europe’s markets opened today with a quiet sense of hope but plenty of cautious eyes watching. Investors are holding their breath ahead of the big US Federal Reserve announcement expected later, hoping for a rate cut that could ease the economic jitters we’ve all been feeling. Early trading saw small…
Britain and the United States have sealed a technology pact that combines investment with strategic cooperation in artificial intelligence, quantum computing, and civil nuclear energy.The agreement positions Britain as a hub for AI and data infrastructure, with US firms pledging £31 billion ($42 billion) in commitments across cloud, semiconductors, and…