Business

Alphabet and Tesla took a hit from soaring AI spending. Will Microsoft, Meta and Amazon be next?

Big Tech’s binge is draining free cash flow — and the bond markets are taking notice.

Codelco Rules Out Meeting Copper Goals as It Faces Tough Year

Codelco Chairman Bernardo Fontaine said the Chilean state copper behemoth faces another difficult year for production, effectively ruling out a longstanding goal of returning to pre-pandemic output levels by the end of the decade.

Grupo Herdez Earnings Plunge 86% on ERP Migration Snag

Mexican packaged-food giant Grupo Herdez reported an 85.9% plunge in second-quarter net profit, blaming a disruptive migration to a new enterprise software system that temporarily crippled sales and distribution. The post Grupo Herdez…

India launches first direct container freight train to Nepal, carrying 1,225 tonnes of canola from Kolkata port

Canadians spent $3.3bn less on travel to US in 2025 after Trump’s return to office

Data shows Canadians have replaced US vacations with other international trips in apparent rebuke to Trump Canadians spent $3.3bn less on travel to the US in 2025 than in the previous year, as Donald Trump’s hostile policies towards his…

India curtails 8,133 GWh of solar power as grid struggles to absorb excess daytime supply

OpenAI, Anthropic Staff Share Letter Asking US to Help Pace AI Progress

OpenAI and Anthropic PBC employees are circulating a petition that calls on the US government to support a mechanism that would help “deliberately pace” AI development to prevent the technology from advancing too fast, days after the…

Mexico Exports Hit Record US$72.6 Billion in June

Mexico's exports soared to an all-time monthly high of US$72.55 billion in June 2026, a 34.4% annual jump, pushing the first-half trade surplus to nearly US$9.86 billion as global manufacturers deepen their bet on nearshoring to North…

Kano NDC begs senator not to dump party for APC

Kano NDC chairman appeals to Senator Rufai Hanga and Kabiru Gaya to remain in the party amid speculations of defection to APC ahead of 2027 elections. Read More: https://punchng.com/kano-ndc-begs-senator-not-to-dump-party-for-apc/

Software stocks are rising, and these 6 are expected to withstand the AI threat

Most software companies are expected to show a slowing pace of sales growth over the next two years. Oracle and DigitalOcean are among the exceptions.

Co-chair of law firm Wachtell Lipton set to depart for rival Gibson Dunn

Bill Savitt is planning to leave the corporate law powerhouse alongside several other partners

Africa Intelligence Brief — Tuesday, July 28, 2026

x The post Africa Intelligence Brief — Tuesday, July 28, 2026 appeared first on The Rio Times .