Microsoft, Amazon AI partnerships face scrutiny from British regulators

British antitrust regulators are seeking views on partnerships between Microsoft and Amazon with smaller generative AI model makers.

NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding

The deluge closed schools and businesses, grounded hundreds of flights, and destroyed cars, businesses and other property.

Elon Musk is keeping investors' dreams of a Tesla robotaxi alive

Tesla CEO Elon Musk continues to promise investors that autonomy is in the company's future even as financials deteriorate.

Klarna scores major payment deal with Uber ahead of hotly anticipated IPO 

The global deal will see Klarna added as a payment option on the Uber and Uber Eats apps in the U.S., Germany, and Sweden. 

UBS chair says Swiss banking giant is not 'too big to fail'

Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.

High global food prices may finally see a bottom in 2024, says Oxford Economics

According to Oxford Economics, global food prices are expected to decline in 2024, offering some relief for shoppers.

India's high unemployment is a 'ticking bomb,' opposition says, as election battle with Modi's BJP heats up

India's youth make up 83% of the unemployed population, according to an ILO report, but government as well as ILO data shows a decline in joblessness in the past few years.

Riderless horses recovered after running loose through London; ‘a number’ of people injured

The U.K. army on Wednesday said they had recovered "a number" of military working horses after the animals broke free during a routine exercise.

Kering shares sink 9% after profit warning on declining Gucci sales

Shares of French luxury group Kering sank more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.

U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao

U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for former Binance CEO Changpeng Zhao.

Volvo Cars shares down 8% as first-quarter revenues fall

Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.

Give us your nominations: CNBC is listing the world’s top fintech companies

For a second year, CNBC and Statista are working together to identify the top global fintech names. We're also opening nominations for the top insurtech firms.

Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025

Tesla reported disappointing earnings and revenue, but the stock rose on optimism that a new affordable EV model could enter production sooner than expected.

Amazon is opening cloud regions in Southeast Asia to meet customer demand, CTO says

From startups to government agencies, Amazon CTO Werner Vogels said customers "have been asking" for local data residency.

China may have to brace for a new wave of bond defaults, S&P says

China might see a new wave of bond defaults as soon as next year — the third round in about a decade, according to an S&P Global Ratings report released Tuesday.

Photos show Sahara dust turn Athens orange

Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the city on Tuesday evening.

‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets

The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.

Swiss pharma giant Roche's first-quarter sales edge higher as its emerges from post-Covid-19 slump

Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.

SenseTime shares soar more than 30% after announcing its latest generative AI model

Shares of SenseTime traded as high as 82 Hong Kong cents, a 34.42% gain from its previous close of 61 cents.

China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.

'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them

The Bank of America is not bullish no any currency in Asia, leading the investment bank to deem the start of a "chaotic era" for these currencies.

Tesla’s entry into India’s EV market will be 'good news’ for the country, says MG Motor India

India's EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus.

Bird flu resurgence drives up egg prices, spurring some to stock up

The virus, commonly referred to as bird flu, is extremely contagious and lethal among birds, has been detected in dairy herds in recent days.

Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis

Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.

Senate passes long-awaited aid for Israel, Ukraine, Taiwan, and TikTok bill

President Biden initially proposed aid for Israel, Ukraine and Taiwan in October.

Apple iPhone sales drop 19% in China as demand for Huawei smartphones soars, research says

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.

ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban

The disclosures show how TikTok officials lobbied Congress and President Joe Biden's executive office last quarter.

FTC votes to ban noncompete clauses that bar employees from working for competitors

The FTC claims that noncompete agreements limit wage growth and increase prices for consumers.

World’s largest wealth fund says there’s ‘clearly a lot of froth’ in the tech sector right now

The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector.

China's 'Netflix' iQiyi pivots toward an aging population in an AI era

IQiyi founder Gong Yu also pointed to estimates that predict about one-fourth of China's population will be considered elderly in 2033.


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