Business

1 hyperscaler megacap down, 3 to go. Alphabet raises the stakes on AI spending

"Capex trends are going to be the number one focus," Club portfolio director Jeff Marks said Friday ahead of next week's Big Tech earnings.

Paramount Agrees to Delay Warner Bros. Merger for Months

The company agreed to a proposed freeze that would stretch for months or until a judge ruled on a lawsuit blocking the deal.

The world is facing its largest oil shock ever. Here is why prices are not higher.

Oil prices aren’t yet near the level economists had said would put the global economy in jeopardy of a recession.

Europe faces contraction in GDP if Strait of Hormuz does not open by October — Bloomberg

According to the agency, Qatar plans to soon notify European customers that the force majeure situation regarding gas exports will persist until mid-October

2027: Your Votes Will Count, INEC Chair reassures Nigerians

Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan, on Friday reassured Nigerians that every lawful vote cast in the 2027 general elections would count. He pledged that the commission would protect the…

Fitch Upgrades Jane Street to High Grade, Citing Income Growth

Fitch Ratings upgraded Jane Street Group to investment-grade status on Friday, citing the market maker’s strong income growth throughout the economic cycle.

Trump vows substantial tariffs on EU over measures against US tech companies

Waymo explores split with Uber as robotaxi tensions deepen

Partnership between two groups has soured amid intense lobbying battle over rollout of autonomous vehicles

Africa: Can Ethiopia Weave Africa's Complete Cotton-to-Clothing Value Chain?

[Bird Story Agency] As Africa seeks to capture more value from its natural resources, Ethiopia is building one of the continent's most ambitious cotton-to-clothing value chains. By linking farmers, researchers and manufacturers, the…

China adds 14 EU companies to export control list in response to 21st sanctions package

China’s countermeasures will affect the companies Lafert S.p.A. and Garnet S.r.l. (Italy), Sindlhauser Materials GmbH, Rheinmetall AG, and Antraco Chemie-Handelsgesellschaft (Germany) and others

New US tariffs likely to face court challenges

New Zealand's special agricultural trade envoy Nathan Guy says exporters across the board are bracing for more uncertainty.

Oil to End Year Near $100 on Mideast Disruptions, Rapidan Says

The breakdown of the US-Iran ceasefire threatens to leave Brent crude hovering around the $100-a-barrel mark well past July and into the end of the year, according to Rapidan Energy Group’s increased forecast.