Finance
The White House strongly criticized Amazon on Tuesday over reports that the online retail giant plans to display Trump administration tariff costs alongside product prices on its website. "This is hostile and political act by Amazon," White House press secretary Karoline Leavitt told reporters during a press briefing.
Finance
Tencent Holdings and Alibaba Group have bought graphics processing units (GPUs) from ByteDance, which reportedly stockpiled about 100 billion yuan ($13.7 billion) worth of chips, according to business news outlet Caijing. ByteDance has officially denied these claims, stating the information is "untrue." Tencent purchased approximately 2 billion
Finance
The Brazilian government is set to announce a new auction on Monday as part of its Eco Invest Brazil program, expecting to raise $2 billion in financing for sustainable projects. This initiative will focus specifically on recovering degraded pastures, according to officials familiar with the plan. Treasury Secretary Rogério Ceron
Finance
Klaus Schwab, the 87-year-old founder of the World Economic Forum, has been forced to step down from his position after the organization's foundation board unanimously turned against him. This dramatic development comes after new accusations that Schwab and his wife used WEF funds for personal purposes. Schwab founded
Crypto
New Hampshire's House Bill 302, which would allow the state treasurer to invest up to 10% of general funds in major cryptocurrencies, has passed its second Senate committee. The legislation cleared the committee with a 4-1 vote on April 23 and now proceeds to a full Senate vote
Finance
A new report from Google suggests the United Kingdom has the potential to double its artificial intelligence adoption, which could generate an estimated £400 billion in economic growth. The tech company's AI Works report states that effective workforce adoption alone could account for half of these gains, approximately
Finance
Elon Musk's brain implant company Neuralink is planning to raise approximately $500 million at a pre-money valuation of $8.5 billion, according to a Bloomberg News report published Wednesday. The company has reportedly begun preliminary discussions with potential investors, though the terms of the funding round have not
Finance
Former OpenAI employees have asked attorneys general in California and Delaware to block the company's planned shift from a nonprofit to a for-profit structure. The group, which includes 10 ex-workers supported by three Nobel Prize winners, expressed concerns about the future control of powerful AI technology. The letter
Finance
Boeing announced the sale of parts of its digital aviation solutions business to private equity firm Thoma Bravo for $10.55 billion. The company's stock rose 1.4% to $161.44 in Tuesday morning trading, while the broader market indexes S&P 500 and Dow Jones Industrial
Finance
Chinese Premier Li Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba proposing a united response to the recent tariff measures imposed by U.S. President Donald Trump, according to Japan's Kyodo news agency. The letter, delivered through the Chinese embassy in Japan, called for both
Finance
The European Union has reaffirmed its commitment to enforcing digital regulations on major tech companies regardless of their leadership or country of origin. European Commission President Ursula von der Leyen told Politico that the EU will apply its digital rulebook without bias. "That's why we've
Finance
Brazilian Agriculture Minister Carlos Favaru announced that Brazil intends to further strengthen the BRICS alliance following the introduction of new US tariffs. The minister stated that the "unprecedented protectionism of the USA motivates us even more to strengthen this geopolitical bloc and seek new trade opportunities." The statement