China keeps benchmark lending rates steady for a seventh straight month despite weak economic data
The People’s Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding…
Category: Business
US pursuing third oil tanker linked to Venezuela, official says
The move comes days after President Donald Trump said that he was ordering a blockade of sanctioned oil tankers entering…
AI was behind over 50,000 layoffs in 2025 — here are the top firms to cite it for job cuts
Some of the world’s biggest tech companies cited AI as part of their layoff and restructuring strategy in 2025.
Minute’s silence held to remember Bondi beach attack victims
Australian Prime Minister Anthony Albanese is booed as he arrives at the memorial event.
Australian PM announces intelligence review as country mourns Bondi attack
Albanese says the country must be in a position to respond to “the rapidly changing security environment”.
US seizes second oil tanker off Venezuela’s coast
The move comes after US President Donald Trump ordered a “blockade” of sanctioned oil tankers entering and leaving Venezuela.
Survivors ‘nervous and sceptical’ about release of remaining Epstein files
US lawmakers who pushed for the documents to be made public have criticised the initial release as incomplete.
Google was at risk of losing its dominance — until it promoted this AI executive
Josh Woodward, a 16-year Google veteran, is tasked with running the Gemini app and going head-to-head with OpenAI in the…
Nine of the largest pharma companies ink deals with Trump to lower drug prices
President Donald Trump has pushed to lower drug prices for Americans, which are on average nearly three times higher than…
US carries out ‘massive’ strike against IS in Syria
The US says it struck dozens of targets across Syria in response to last week’s deadly Islamic State attack on…
Introducing SOCI indexing for Amazon SageMaker Studio: Faster container startup times for AI/ML workloads
Today, we are excited to introduce a new feature for SageMaker Studio: SOCI (Seekable Open Container Initiative) indexing. SOCI supports lazy…
Analyst Maps Shiba Inu Roadmap With 1,800% Upside If Altseason Plays Out
Crypto analyst Quantum Ascend has published a weekly-chart “roadmap” for Shiba Inu (SHIB) in a new video, laying out three…
Putin vows no more wars if West treats Russia with respect
Russia’s leader said during a four-hour TV marathon that claims that an attack on Europe was planned were “nonsense”.
Jeffrey Epstein: DOJ expects to release some—but not all—files Friday despite legal deadline
The DOJ for months had resisted calls to released the Epstein files.
NY Fed President Williams says some ‘technical factors’ distorted November’s CPI reading downward
Williams said “technical factors” likely distorted November’s inflation data, pushing the headline reading lower than it otherwise would have been.
This is how exposed European Big Pharma is to the U.S.
U.S. pricing has been the bigegts issue of the year for drugmakers heavily exposed to the U.S. market.
European Union approves over $105 billion toward Ukraine aid package for next two years
European Union countries have agreed to allocate 90 billion euros ($105.5 billion) in aid to Ukraine for 2026 and 2027,…
EU agree €90bn loan for Ukraine but without using Russian assets
Ukrainian had wanted the EU to use €200 billion of frozen Russian assets but Belgium opposed the move.
Bank of Japan raises benchmark rates to highest in 30 years, lifting 10-year JGB yield past 2%
The hike comes against the backdrop of rising inflation and a weak Japanese economy.
Police issue arrest warrant for suspect in Brown University attack, sources say
Investigators are also searching for a car they believe was rented by the suspect in the shooting that killed two…
Japan’s consumer inflation stays above cenbank’s target for 44th month, boosting case for a rate hike
Core inflation, which strips out prices of fresh food, remained unchanged from 3% in October, and came in line with…
Build and deploy scalable AI agents with NVIDIA NeMo, Amazon Bedrock AgentCore, and Strands Agents
This post is co-written with Ranjit Rajan, Abdullahi Olaoye, and Abhishek Sawarkar from NVIDIA. AI’s next frontier isn’t merely smarter…
Zelensky gives stark warning as EU leaders start crunch talks on Russia’s frozen cash
The leaders are deciding whether to loan tens of billions of euros in frozen Russian assets to fund Ukraine’s military…
Bank of England cuts interest rates, in welcome Christmas boost for consumers
The Bank of England voted to cut interest rates from 4% to 3.75% in its last monetary policy move of…
Three holds and a cut? Europe’s central banks make their final calls of 2025
The European Central Bank, Bank of England, Riksbank and Norges Bank all meet on Thursday.
BP names Meg O’Neill as new CEO — its fourth in 6 years
BP’s share price is up over 15% year-to-date. It made gains in the previous session and after hours trading as…
‘Maybe she’s an angel now’ says aunt of 10-year-old Bondi victim
Lina Chernykh tells the BBC her niece Matilda was a joyous child who spread love everywhere she went.
U.S. approves largest ever arms sale to Taiwan as tensions simmer around the island
The package consists of items like artillery systems, antitank missiles, as well as spare parts for helicopters and anti-ship missiles.
SoftBank leads decline in Japanese tech stocks as worries over AI spending spill over to Asia
The tech-heavy Nasdaq Composite slipped 1.81%, dragged by losses in Oracle, Broadcom, Nvidia and other AI names.
MetaX and Moore Threads’ IPOs underscore Chinese chipmakers’ growing challenge to Nvidia
New entrants like MetaX and Moore Threads join tech giants Huawei, Baidu and Alibaba in rushing to produce Nvidia alternatives.
CNBC’s The China Connection newsletter: Why Sam’s Club is in a sweet spot as China faces consumption worries
U.S. membership warehouse clubs are finding success in China by drawing consumers willing to pay a membership fee to access…
Rob Reiner’s family breaks silence as son Nick faces court for murder charges
Jake and Romy Reiner say they are in “unimaginable pain”, as their brother faces first-degree murder charges over their parents’…
Tracking and managing assets used in AI development with Amazon SageMaker AI
Building custom foundation models requires coordinating multiple assets across the development lifecycle such as data assets, compute infrastructure, model architecture…
Meta AI Releases SAM Audio: A State-of-the-Art Unified Model that Uses Intuitive and Multimodal Prompts for Audio Separation
Meta has released SAM Audio, a prompt driven audio separation model that targets a common editing bottleneck, isolating one sound…
How to Orchestrate a Fully Autonomous Multi-Agent Research and Writing Pipeline Using CrewAI and Gemini for Real-Time Intelligent Collaboration
In this tutorial, we implement how we build a small but powerful two-agent CrewAI system that collaborates using the Gemini…
Defense stocks rally as Germany set to approve $60 billion defense splurge
German lawmakers are expected to approve proposals for major security procurement.
‘Orwellian’: Ben & Jerry’s founder tells CNBC he’s alarmed by Magnum’s board overhaul
The world’s largest standalone ice cream business, Magnum, is only a week old but has already had a lifetime of…
UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut
The U.K.’s inflation rate cooled sharply to 3.2% in November.
Alleged Bondi gunman charged with 15 counts of murder
Naveed Akram, 24, faces 59 charges in total following the attack at Sydney’s Bondi Beach on Sunday.
Thinking Machines Lab Makes Tinker Generally Available: Adds Kimi K2 Thinking And Qwen3-VL Vision Input
Thinking Machines Lab has moved its Tinker training API into general availability and added 3 major capabilities, support for the…
Shares of Chinese chipmaker MetaX soar nearly 700% in blockbuster Shanghai debut
Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared nearly 700% after raising nearly $600 million in its initial public…
Japan’s exports record fastest growth in nine months, sharply beating expectations
The 6.1% growth topped expectations of an average 4.8% rise estimated by economists polled by Reuters, and was higher than…
Why China’s young are flocking to government jobs in record numbers
China’s educated youth lower their ambitions to find security and better work-life balance in government jobs.
Dashcam video shows couple trying to stop gunman before being killed in Bondi attack
Boris Gurman, 69, “charged straight towards the danger” and grabbed one of the attacker’s guns, a witness said.
Tesla stock closes at record as investors rally around Musk’s robotaxi hype despite slow EV sales
Wall Street’s bullishness on Tesla has returned after the stock had its worst performance since 2022 in the first quarter…
Governance by design: The essential guide for successful AI scaling
Picture this: Your enterprise has just deployed its first generative AI application. The initial results are promising, but as you…
How Tata Power CoE built a scalable AI-powered solar panel inspection solution with Amazon SageMaker AI and Amazon Bedrock
This post is co-written with Vikram Bansal from Tata Power, and Gaurav Kankaria, Omkar Dhavalikar from Oneture. The global adoption…
Vibe coding startup Lovable’s latest funding round values it at $6.6 billion, sources say
Accel is participating in the round, the sources said, adding it would more than triple the valuation it achieved with…
Ukraine struggling to keep lights on under Russian attack, says energy boss
DTEK boss Maxim Timchenko says the intensity of Russian strikes is so frequent there is no time to recover.