Browsing: Business
UK inflation surged to 3% in January, surpassing forecasts, with rising transport and food costs fueling the increase, according to the Office for National Statistics.
Tesla is hiring in India, listing 13 job openings, signaling plans for market entry. This follows a meeting between Elon Musk and Indian Prime Minister Narendra Modi.
European markets surged as defense and banking stocks drove the STOXX 600 to a record high, fueled by military spending growth and easing trade tensions.
Modi and Trump advance trade talks aiming for a $500B partnership by 2030, focusing on tariffs, energy, defense, and AI, with Musk exploring Tesla and Starlink expansion in India.
Sony raised its full-year forecast after strong PlayStation 5 sales lifted revenue and profits in the December quarter, surpassing analyst expectations and driving an 18% growth.
Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing stake.
South Korea will invest $285M in AI, cybersecurity, and energy tech by 2031, aiming to drive innovation and industrial growth, according to the Ministry of Trade, Industry, and Energy.
Europe is committing €150 billion to AI investment, aiming to accelerate innovation, drive economic resilience, and strengthen strategic sovereignty across key industries.
Amazon is set to invest $100 billion in AI for 2025, surpassing last year’s $83 billion spend, as CEO Andy Jassy calls it a “once-in-a-lifetime” business opportunity.
The Bank of England cut interest rates to 4.5% amid weak UK growth, signaling further reductions ahead as inflation slows and economic uncertainty persists.