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Google Cloud Dominates Earnings as Tech Giants Boost AI Spending

Key Points: Alphabet led the tech earnings season with a massive 63% revenue surge in its cloud computing division. Top technology companies increased their total artificial intelligence spending forecasts to over $700 billion for the year. Alphabet shares jumped more than 6%, while Meta stock dropped nearly 10% following the financial reports. Microsoft and Amazon reported solid cloud growth but trailed behind Google as buyers...

UK to Take Mature Approach to Chinese Energy Investments Despite Recent Ban

Key Points: Britain will maintain an open yet cautious approach to Chinese technology in its future clean energy grid. The government recently blocked Chinese firm Ming Yang from building a wind turbine factory over system control risks. Energy leaders say the country still wants Chinese investments in batteries and solar to help it hit its 2030 clean energy targets. Officials confirmed that Chinese involvement in...

Gold Prices Bounce Back as Dollar Weakens and Tensions Rise

Key Points: Gold prices jumped 2.2% to cross the $4,600 mark after suffering a three-day losing streak. A falling US dollar helped boost the precious metal as rumors spread about Japanese currency intervention. The ongoing US-Iran conflict keeps markets on edge as President Donald Trump reviews new military options. Global central banks bought gold at a record pace during the first quarter despite recent price...