Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s…
British car, van, truck, and bus production fell to its lowest level since 1952 in 2025, underscoring what industry leaders have described as the most challenging period for UK manufacturing in decades.According to data from the Society of Motor Manufacturers and Traders (SMMT), total vehicle output dropped 15.5% year on…
Indonesian equities plunged further into turmoil on Thursday after a warning from MSCI Inc. over a possible market downgrade triggered the worst two-day selloff in almost three decades, rattling investor confidence across equities and currency markets.The benchmark Jakarta Composite Index tumbled as much as 10%, after earlier triggering a 30-minute…
On Thursday, global markets and geopolitics were shaped by a mix of accelerating artificial intelligence investment, volatile Asian equities, renewed UK-China diplomacy, and a powerful rally in commodities. OpenAI funding signals acceleration in AI arms raceOpenAI, the creator of ChatGPT, is on track to raise tens of billions of dollars…
Gold prices continued to surge to new record highs as the yellow metal cleared $5,600 per ounce on Thursday. Gold had surged past the $5,000 threshold for the first time this Monday, marking a weekly gain of over 10%. This rally is attributed to a combination of strong factors: robust safe-haven investment,…
India and the European Union signed a long-awaited free trade agreement on Tuesday, billed by officials as the “mother of all deals”, prompting renewed scrutiny of how — or whether — the pact alters Washington’s approach to its own stalled trade negotiations with New Delhi.The timing of the landmark trade…
China and the United Kingdom moved cautiously toward rebuilding their relationship on Thursday, with President Xi Jinping telling Prime Minister Keir Starmer that Beijing was willing to develop a long-term strategic partnership after years of diplomatic strain and mistrust.The remarks came during Starmer’s four-day visit to China, the first by…
Deutsche Bank reported record profits in the fourth quarter of 2025, beating market expectations as strong performance in its investment bank and asset management businesses offset slower corporate activity and lingering regulatory scrutiny.According to its earnings statement on Thursday, Deutsche Bank posted net profit attributable to shareholders of 1.3 billion…
The latest earnings season has sharpened a new rule in the technology sector: investors are willing to tolerate unprecedented spending on artificial intelligence only when it clearly translates into accelerating growth. The contrasting market reactions to Meta Platforms and Microsoft this week show how unforgiving that test has become.Both companies…
Toyota Motor retained its position as the world’s top-selling automaker in 2025, reporting record vehicle sales despite ongoing disruption from US tariffs and intensifying global competition.The Japanese carmaker said on Thursday that sales of Toyota and its Lexus luxury brand rose 3.7% from a year earlier to 10.5 million vehicles.…