Adnan Rasheed
Amazon to invest $15 billion in Indiana as part of a sweeping plan to expand its US data center infrastructure, the company said Monday, marking one of the largest technology investments in the state’s history. The new project, concentrated in Northern Indiana, will add 2.4 gigawatts of power capacity and create about 1,100 jobs as … Read more
Moscow — Artificial intelligence could give countries influence on par with nuclear technology for those who move quickly, a top Russian tech executive said, signaling Moscow’s push to develop indigenous AI capabilities amid global competition. Alexander Vedyakhin, first deputy CEO of Sberbank, told Reuters in an interview at Russia’s annual AI Journey conference that Russia’s … Read more
The European Union’s antitrust regulator on Monday unconditionally approved Omnicom Group’s $13.25 billion all stock acquisition of rival Interpublic Group, clearing the way for the merger of two of the world’s largest advertising agencies. The deal, first announced in December, combines the third largest ad buyer, Omnicom, with the fourth largest, Interpublic, creating a global … Read more
Oil prices continued their decline on Monday as investors balanced the possibility of a US interest rate cut against emerging hopes for a Ukraine peace agreement that could ease sanctions on major Russian oil producers. Brent crude fell 58 cents, or 0.9 percent, to $61.98 per barrel, while West Texas Intermediate (WTI) slid 60 cents, … Read more
BEIJING — Bitcoin mining in China is quietly resurging four years after Beijing imposed a sweeping ban on cryptocurrency activity, as miners in energy rich western provinces exploit low cost electricity and a boom in private data centers. The rebound, supported by industry trackers and equipment makers, has pushed China back into the top ranks … Read more
LONDON — Global stocks climbed Monday while the dollar slipped as investors grew more confident that the Federal Reserve could move toward a December Fed cut, even as policymakers remain split on the timing of further easing. The cautious optimism set the tone for an event heavy week that includes US retail sales data, producer … Read more
CHITOSE, Japan — Cranes tower over fields of lavender and dairy farms on the northern island of Hokkaido, where Japan has launched what officials call Japan’s high stakes gamble to rebuild its semiconductor industry and stake a claim in the global race for advanced chips. Billions of dollars are flowing into new factories, research centers … Read more
NEW YORK — A turbulent week on Wall Street ended with a glimmer of optimism after a sharp US market rout driven by hotter than expected economic readings and renewed anxiety over high flying technology valuations. Despite losses across major indexes, comments from a top Federal Reserve official and selective strength in the artificial intelligence … Read more
JOHANNESBURG — South African President Cyril Ramaphosa formally closed the G20 summit in Johannesburg on Saturday, striking a gavel to mark the end of a two-day gathering that drew attention for a U.S. boycott and disputes over the handover of the G20 presidency. Ramaphosa rejected a US proposal that would have him pass the presidency … Read more
WASHINGTON — FBI Director Kash Patel is under scrutiny after ordering a SWAT team to provide security for his girlfriend, a rising country singer, during her performance at a National Rifle Association convention in Atlanta earlier this year. The unusual deployment, paired with Patel’s frequent use of government resources during his first months leading the … Read more
