Alphabet Inc., the parent company of Google, reported its fourth-quarter earnings, leading to a significant decline of over 9% in its shares during after-hours trading. The report highlighted a disconnect between revenue expectations and actual performance, along with ambitious plans for future investments in artificial intelligence technology. While Alphabet managed to exceed earnings per share
World
Inflation within the eurozone accelerated unexpectedly in January, reaching 2.5% on an annual basis, as reported by Eurostat. This figure surpassed the anticipated rate of 2.4%, which had been predicted by economists, indicating a notable shift in economic conditions. Particularly significant is the rebound in energy prices, which saw a substantial jump of 1.8% year-over-year,
As a new month dawns, stock futures have plummeted significantly, signaling deepening concerns among investors. The abrupt decision to impose new tariffs on goods from key trading partners, including Mexico, Canada, and China, has caught market participants off guard. The Dow Jones Industrial Average futures have fallen by 528 points, translating to a sharp decline
In recent weeks, the spotlight has been on Singapore and its relationship with U.S. export controls amid unfolding developments surrounding DeepSeek, a Chinese technology company. The Ministry of Trade and Industry (MTI) of Singapore has emphasized the necessity for compliance among U.S. companies operating in the region, particularly in light of questions surrounding the chips
In a significant shift in trade policy, the White House officially announced that President Donald Trump would impose substantial tariffs on key U.S. trading partners, including Canada, Mexico, and China. This decision, confirmed by White House Press Secretary Karoline Leavitt, includes a staggering 25% tariff on both Canada and Mexico and a 10% duty on
In a stark reflection of the turbulent energy market dynamics, British oil powerhouse Shell has released its annual profit figures for 2024, revealing a significant decline that has raised eyebrows across the industry. Whilst Shell reported adjusted earnings of $23.72 billion for the year, it marks a drop from the previous year’s $28.25 billion. This
Norway’s sovereign wealth fund, renowned as the largest of its kind globally, has once again demonstrated its formidable impact on the financial landscape. With a staggering profit of 2.5 trillion kroner (approximately $222.4 billion) reported for the full year of 2024, the fund is basking in the glow of a tech rally that has set
In an unexpected twist for one of the most celebrated companies in the tech sector, Nvidia experienced significant stock fluctuations this week, driven largely by the emergence of a competitive AI model developed by the Chinese startup DeepSeek. Following a staggering 17% plummet on Monday, which decimated over $595 billion from Nvidia’s market valuation—the largest
Japan’s semiconductor industry has found itself in turbulent waters, primarily due to the emerging threat posed by China’s DeepSeek, an AI startup that has rapidly gained traction in the global technology landscape. As DeepSeek’s capabilities in artificial intelligence gained recognition, concerns have arisen over its potential to disrupt traditional powerhouses in the industry, notably those
In recent weeks, Germany has witnessed a surge in protests against the growing influence of far-right politics, fueled primarily by the armed resurgence of the Alternative for Germany (AfD) party. Tens of thousands of citizens took to the streets in Berlin and other cities to express their dissatisfaction and alarm ahead of the upcoming general