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BERLIN — Google will invest around 5 billion euros $5.8 billion in Germany to expand its data center network and digital infrastructure, according to sources familiar with the matter. The investment, among the company’s largest in Europe, underscores Google’s growing commitment to strengthen its presence in the continent’s largest economy and advance its climate neutral … Read more
LONDON— The United Kingdom’s unemployment rate rose to 5 percent in the three months ending in September, the highest level since early 2021, official figures show, signaling a weakening labor market amid ongoing economic pressures. The Office for National Statistics reported the rise in unemployment came in above the 4.9 percent projected by many analysts … Read more
TOKYO — Japanese conglomerate SoftBank Group Corp. announced Tuesday that it has sold its entire stake in Nvidia Corp., raising approximately $5.8 billion, a move designed to support its growing investments in OpenAI and artificial intelligence ventures. The sale, executed in October, is part of SoftBank’s broader strategy to redirect resources toward emerging AI platforms … Read more
BEIJING — China is planning to expand market access, particularly in the services sector, offering new investment opportunities to foreign companies including those from the United States, senior Chinese trade negotiator Li Chenggang said Tuesday. The announcement, made through a statement from the Ministry of Commerce, reflects Beijing’s ongoing efforts to strengthen economic engagement with … Read more
BERLIN — Taiwan’s world leading chip industry has become both an economic engine and a strategic shield, former President Tsai Ing-wen told an audience at the Berlin Freedom Conference on Monday. “Our high tech sector, particularly in semiconductors, has become an indispensable part of the global economy,” Tsai said. “In an age where AI also … Read more
Asia-Pacific markets opened higher Monday, recovering from last week’s sharp declines prompted by artificial intelligence valuation concerns. Investors across the region focused on fresh inflation data from China and policy signals from Japan as they sought stability amid global market jitters. South Korea’s Kospi index surged 2.76 percent, led by gains in banks and insurance … Read more
WASHINGTON — President Donald Trump on Friday called for an investigation into the country’s largest meatpacking companies, alleging that the firms may be artificially inflating beef prices and affecting the nation’s food supply. The Justice Department confirmed that its antitrust division is already examining the industry, a move that could have significant implications for ranchers, … Read more
WASHINGTON — President Donald Trump on Thursday announced new agreements with pharmaceutical giants Eli Lilly and Novo Nordisk to slash the prices of their blockbuster weight loss medications, in what the administration called a landmark step to make obesity treatments affordable. The Trump weight loss drug price cuts will lower costs for Medicare and Medicaid … Read more
WASHINGTON — The federal government shutdown has entered uncharted territory, becoming the longest in US history as lawmakers struggle to find common ground. The record breaking stoppage, which surpassed the previous mark set during President Donald Trump’s first term, has begun to ripple through nearly every corner of American life from airports to grocery store … Read more
LONDON/QUEBEC — Global miner Glencore Plc is preparing to shut down Canada’s largest copper smelter, the Horne facility in Quebec, due to mounting environmental concerns and the high costs required to modernize aging operations, according to two people familiar with the matter. The potential closure could ripple through the global copper market, already strained by … Read more
