Finance
Austria and Italy celebrated a major construction milestone Thursday with the breakthrough of the Brenner Base Tunnel exploratory passage beneath the Alps. According to Yahoo News, the leaders of both countries traveled to the Brenner Pass to commemorate the completion of the 55-kilometer tunnel's exploratory section. Italian Prime
Finance
Asian markets traded with mixed results Wednesday as the Federal Reserve delivered its first interest rate cut of 2025. According to CNBC, Japan's Nikkei 225 fell 0.25% to close at 44,790.38. The Topix index declined 0.71% to 3,145.83. Hong Kong's
Finance
Google officially opened its new data centre in Waltham Cross, Hertfordshire today, as part of a £5 billion investment in UK artificial intelligence over the next two years. According to CNBC, Chancellor Rachel Reeves unveiled the state-of-the-art facility on Tuesday. The timing coincides with US President Donald Trump's
Finance
Paramount Skydance is preparing a takeover bid for Warner Bros. Discovery, according to multiple reports. CNBC confirmed that the recently merged entertainment company has hired an investment bank to prepare an offer for the entirety of WBD. The bid would come approximately two months after Skydance completed its $8.4
Finance
Chinese technology company Alibaba is developing a new artificial intelligence chip designed for inference applications, according to CNBC. The semiconductor focuses on running AI applications rather than training large models. Two sources familiar with the matter confirmed the development to CNBC. The Wall Street Journal first reported the news of
Finance
According to the Economic Times, quantum computing startup PsiQuantum announced Wednesday it raised $1 billion in Series E funding at a $7 billion valuation. The round was led by BlackRock, Temasek, and Baillie Gifford, with participation from new investors including NVentures, Nvidia's venture capital arm, along with Macquarie
Finance
Europe's major automakers unveiled new electric vehicles at the IAA Mobility conference in Munich this week. The show runs from September 9 to September 14, 2025. According to CNBC, Volkswagen revealed the ID.Cross Concept car with advanced software features. BMW introduced the iX3 sports utility vehicle featuring
Bitcoin
Vietnam has officially approved a five-year pilot program allowing regulated cryptocurrency trading platforms to operate under strict government oversight. According to BTCPeers, the framework restricts operations to domestically registered companies and requires all issuance, trading, and settlement of digital assets to be conducted in Vietnamese dong. The pilot program sets
Finance
Sam's Club has reached 96 percent completion of removing artificial food dyes from its Member's Mark store brand products. According to NPR, the Walmart-owned warehouse retailer committed in 2022 to eliminate dozens of ingredients including artificial dyes by the end of 2025. Nick Scheidler, who leads
Finance
Nvidia opposed the proposed GAIN AI Act on Friday, arguing the legislation would harm global competition. According to Reuters, the chipmaker compared the bill's potential effects to the AI Diffusion Rule. The Guaranteeing Access and Innovation for National Artificial Intelligence Act requires AI chipmakers to prioritize domestic orders.
Finance
Anthropic agreed Friday to pay $1.5 billion to settle a class-action lawsuit with authors who accused the AI company of using pirated books to train its Claude chatbot. According to The Guardian, the settlement covers approximately 500,000 books and represents the largest copyright recovery in American legal history.
Finance
Tesla's board has proposed a compensation package for CEO Elon Musk worth approximately $975 billion. According to CNBC, the plan would grant Musk more than 423 million additional Tesla shares if the company meets ambitious performance targets over the next decade. The proposal divides into 12 tranches of