Samsung Profit Soars 32% on Booming Demand for AI Chips
Key Points Samsung Electronics on Tuesday projected a huge 32% jump in its third-quarter operating profit, blowing past analyst estimates. The world’s largest memory chipmaker
Key Points Samsung Electronics on Tuesday projected a huge 32% jump in its third-quarter operating profit, blowing past analyst estimates. The world’s largest memory chipmaker
Key Points The Trump administration is signaling it’s open to a deal with China to calm the latest flare-up in trade tensions. Still, it’s also
Key Points A new threat from President Donald Trump to slap an additional 100% tariff on Chinese imports sent the cryptocurrency market into a nosedive
Key Points China has fired back in its escalating trade dispute with the United States, slapping new fees on U.S. ships and launching an antitrust
Key Points Tech giant Google announced on Wednesday that it plans to invest €5 billion ($5.8 billion) in Belgium, a move that will expand its
Key Points Brazil is on track to smash its own record for soybean exports this year, thanks to a massive harvest and, most importantly, the
Key Points Honda’s long-standing dominance in Vietnam’s massive motorbike market is facing a serious threat from the government’s aggressive new push for electric vehicles. The
Key Points Exchange-traded funds (ETFs) that track cryptocurrencies saw a record-breaking $5.95 billion in global inflows last week. The massive wave of investment came as
Key Points Shares of design software company Figma jumped over 15% on Monday after it got a major shout-out from OpenAI CEO Sam Altman. During
Key Points The Trump administration is taking a new, more aggressive approach to securing America’s supply chains for critical minerals and semiconductors: it’s buying direct
Key Points Stellantis, the troubled automaker behind Jeep and Ram, is planning to invest about $10 billion in the United States as it refocuses on
Key Points A coalition of major U.S. business groups is warning President Trump that his new, jaw-dropping $100,000 fee for H-1B skilled worker visas will
Key Points China’s export engine is getting a high-tech upgrade. Shipments of products like electric vehicles (EVs) and industrial robots are surging, fueling a new
Key Points South Korean battery giant LG Energy Solution announced Thursday that it will resume sending its employees on business trips to the United States.
Key Points OpenAI, the creator of ChatGPT, has reached a staggering $500 billion valuation after its employees sold off about $6.6 billion worth of their
Key Points Global trading of the Chinese yuan has surged to $817 billion a day, putting it in hot pursuit of the British pound as
Key Points Cloud computing startup CoreWeave has signed a massive deal to supply Meta Platforms with up to $14.2 billion worth of computing power, a
Key Points China’s factory activity shrank for the sixth month in a row in September, the longest slump since 2019, according to an official government
Key Points California utility PG&E announced on Monday it plans to spend a massive $73 billion by 2030 on transmission upgrades to keep up with
Key Points Video game giant Electronic Arts, the company behind massive franchises like “Madden NFL” and “The Sims,” is being acquired for $55 billion in
Key Points President Donald Trump on Thursday announced a sweeping new round of import tariffs, including a massive 100% duty on branded drugs and a
Key points US President Donald Trump has signed an executive order endorsing a deal that secures the future of TikTok’s US operations, averting a potential
Key points China’s agricultural import strategy has undergone a dramatic shift, with the country significantly increasing its purchases of soybeans from Argentina following the South
Key points The upcoming holiday shopping season is facing headwinds, with projections indicating the lowest level of seasonal retail hiring in 16 years. US job
Key points E-commerce giant Amazon announced Tuesday its plan to close all 19 of its Amazon Fresh grocery stores across the United Kingdom. The move
Key points China’s State Administration for Market Regulation (SAMR) announced Monday that FAW Group, one of China’s largest automakers, is set to acquire a substantial
Key points For the first time since at least the 1990s, China’s strategic decision to halt all US soybean imports at the beginning of the
Key points US President Donald Trump concluded his state visit to the UK with a significant announcement alongside British Prime Minister Keir Starmer: a substantial
Key points The imposition of a 39% tariff by the United States on Swiss goods has dealt a significant blow to Swiss exports to its
Key points SoftBank’s ambitious plans to bring OpenAI’s cutting-edge artificial intelligence technology to Japanese businesses through a newly formed joint venture have encountered unforeseen delays.
Key points Strava, the popular fitness tracking app with over 150 million active users globally, is reportedly preparing for an initial public offering (IPO) as
Key points The United Kingdom has unexpectedly shelved negotiations with the United States aimed at eliminating tariffs on British steel imports. This decision, made ahead
Key points Google announced a significant £5 billion ($6.8 billion) investment in the United Kingdom, coinciding with US President Donald Trump’s state visit to the
Key points Sainsbury’s, Britain’s second-largest grocery chain, has abruptly ended negotiations to sell its general merchandise subsidiary, Argos, to JD.com, a Chinese e-commerce giant. The
Key points China’s economic growth faltered in August, with factory output and retail sales registering their weakest performances since August 2024. This slowdown is fueling
Key points The European technology sector is experiencing a resurgence, fueled by recent significant funding rounds and a successful IPO. This week alone witnessed several