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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Google says to buy Wiz for $32 bn

The all-cash deal brings Wiz into the Google Cloud operation.
  • The deepening influence of AI makes "cybersecurity increasingly important in defending against emergent risks and protecting national security," the companies said.
  • The transaction, the largest ever sought by Google or parent Alphabet, will test Trump's openness to large takeovers after resistance to such deals by Biden's administration.

Israel pounds Gaza in strikes that rescuers say killed 220, Hamas says Netanyahu torpedoing ceasefire

In a statement, Hamas said "Netanyahu and his extremist government have decided to overturn the ceasefire agreement, exposing the prisoners...
  • An Israeli official told AFP that the operation "will continue as long as necessary, and will expand beyond air strikes."
  • Hamas said Israel had decided "to overturn the ceasefire agreement, exposing the prisoners in Gaza to an unknown fate."

Nvidia showcases AI chips as it shrugs off DeepSeek

San Francisco, United States - Nvidia chief Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and...
  • Industry watchers expect Huang to spotlight Nvidia's latest Blackwell line of graphics processing units (GPUs), including new updates in the works
  • The AI boom propelled Nvidia stock prices to stratospheric levels until a steep sell-off early this year triggered by the sudden success of DeepSeek

Trump cuts to US-funded media put reporters at risk: RSF

President Donald Trump's dismantling of US-funded international media outlets such as Voice of America could put their journalists at risk,...
  • The Trump administration began mass layoffs Sunday at Voice of America and other US-funded media
  • Trump signed an executive order gutting VOA's parent, the US Agency for Global Media

Webb telescope directly observes exoplanet CO2 for first time

The gas giants are not capable of hosting extraterrestrial life, but do offer clues in a lingering mystery about how...
  • The HR 8799 system, 130 light years from Earth, is only 30 million years old -- just a baby compared to our solar system's 4.6 billion years.
  • A US-led team of researchers used Webb to directly detect carbon dioxide in the atmosphere of all four of the system's known planets, according to the study.

OECD lowers global growth projections over tariffs, uncertainty

"We are navigating troubled waters," said the OECD's chief economist Alvaro Santos Pereira as he summed up the world's economic...
  • While global economic activity remained "resilient" in 2024 with a 3.2 percent increase in GDP, the OECD trimmed back its 2025 projection from 3.3 percent growth to 3.1 percent.
  • That was due to "higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending".

Mediators push for Gaza ceasefire as Israel, Hamas remain stuck on hostage, withdrawal demands

Hamas has consistently demanded negotiations for the second phase, which would include a permanent end to the war, a complete...
  • During the first phase of the truce agreement, Hamas released 33 hostages, including 8 deceased, and Israel released 1,800 Palestinians
  • Since then, Hamas has consistently demanded negotiations for the second phase, which would include a permanent end to the war

Trump, Putin to discuss Ukraine ceasefire this week

US President Donald Trump and Russian counterpart Vladimir Putin are expected to speak this week, officials said on Sunday, as...
  • The United States this week proposed a halt in fighting in the war after talks in Saudi Arabia, with Kyiv accepting the proposal
  • Putin however has given no clear answer, instead listing a string of conditions and raising "serious questions" over the proposition

US Fed likely to keep rates steady as uncertainty over Trump’s economic policies looms

Since January, Trump has imposed levies on major trading partners Canada, Mexico and China, and on steel and aluminum imports,...
  • The Trump administration has also embarked on unprecedented cost-cutting efforts that target staff and spending, while the president has promised tax reductions and deregulation.
  • But Fed Chair Jerome Powell emphasized this month that it is the "net effect" of policy changes that will matter for both the economy and monetary policy.

China’s Baidu releases new, free AI model to compete with DeepSeek

Baidu announced in a WeChat post that its latest X1 reasoning model -- which the company claims performs similarly to...
  • Baidu also made the models free to use, more than two weeks ahead of schedule. Previously, users had to pay a monthly subscription to access the company's latest AI models.
  • Technology companies in China have been scrambling to release improved AI platforms since start-up DeepSeek shocked its rivals with its open source and highly cost-efficient model

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Latest News

‘My entire life’: Saudi tailor keeps robe-making craft alive

Hofuf, Saudi Arabia - Saudi tailor Habib Mohammed's shop once made ornate, hand-woven cloaks for royals, a time-honoured craft he...

Iran says it has responded to Trump’s nuclear talks letter

Iran has sent a response to a letter from US President Donald Trump that called for nuclear talks and warned...

Lawyer complains Turkish student held in US ‘abducted’

A lawyer representing a Turkish university student detained in the United States and facing deportation said Thursday that his client...

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Firms and researchers at odds over superhuman AI

The belief that human-or-better intelligence -- often called "artificial general intelligence" (AGI) -- will emerge from current machine-learning techniques fuels...
  • "Systems that start to point to AGI are coming into view," OpenAI chief Sam Altman wrote in a blog post last month.
  • Such predictions help justify the hundreds of billions of dollars being poured into computing hardware and the energy supplies to run it.

Automakers lead market losses after Trump tariffs on imported vehicles

Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while...
  • Among European auto firms, Volkswagen shed 2.4 percent, Porsche was down around 3.5 percent, Mercedes lost four percent and BMW fell 2.7 percent.
  • In Mumbai, India's Tata Motors, which exports Jaguar Land Rovers to the United States, lost more than five percent.

From cars to champagne: Trump’s expanding tariffs trigger trade war fears

Paris, France -- From champagne to steel and now cars: it is getting harder to keep up with US President...
  • In early March, Trump imposed a 20 percent tariff on products from China, which has a huge trade surplus with the United States and was already his top target during his first term
  • Trump announced earlier he would slap 25-percent tariffs on imports from countries buying oil and gas from Venezuela, a punitive measure that could hit China and India.