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The ongoing negotiations between the European Union and Mercosur have become increasingly contentious. Concerns have risen from various EU member states, particularly regarding agricultural competition. UNCTAD's Rebeca Grynspan cautioned that rejecting the agreement could tarnish the EU's reliability as a partner on the global stage. Meanwhile, prominent figures like Martin Wolf and Javier Solana stress the necessity for the EU to leverage its commercial influence to finalize the pact. The delay..

Lovable, a groundbreaking AI startup, has recently secured $330 million in a Series B funding round, elevating its valuation to an impressive $6.6 billion. This substantial investment, led by prominent firms such as Google and CapitalG, reflects the company's rapid growth and innovative approach to software development. Lovable's platform empowers individuals without coding expertise to create web applications using intuitive text prompts, effectively democratizing the coding process. In just..

Warner Bros. Discovery has firmly rejected a hostile takeover bid from Paramount Skydance, which was valued at $108 billion. The board criticized the offer as misleading and inadequate, claiming that Paramount failed to provide credible equity backing. Warner Bros. expressed confidence in its partnership with Netflix, which offers a more secure deal worth $83 billion. This rejection highlights the ongoing battle for control in the media landscape, with Warner Bros. asserting that the financing..

Amazon is poised to make a significant investment of over $10 billion in OpenAI, potentially elevating OpenAI's valuation to more than $500 billion. This partnership aims to support OpenAI's substantial server costs, notably through a $38 billion agreement with Amazon Web Services. In exchange, OpenAI may utilize Amazon's Trainium AI chips, enhancing its operational capabilities. The discussions signal a strategic move for both companies, with OpenAI seeking to bolster its financial independence..

President Trump has authorized Nvidia to sell its advanced H200 AI chips to China, marking a significant shift in U.S. export policy. This approval comes with a stipulation that the U.S. will receive 25% of the sales proceeds, reflecting a blend of economic opportunity and national security concerns. While this decision rewards Nvidia's CEO, Jensen Huang, for his alignment with the administration, it has sparked debate among lawmakers worried about the implications for U.S. technological leade..

The transition from internal combustion engines to electric vehicles is facing significant challenges amid political and industrial pressures. Chancellor Friedrich Merz's recent letter to the EU Commission highlights a push for postponing strict deadlines to better accommodate the automotive sector. Job losses are mounting, raising concerns about the industry's future. The EU's original goal to ban new petrol and diesel cars by 2035 is now under reconsideration, with officials suggesting a more..

The AI investment landscape is experiencing intense scrutiny, with concerns surrounding a potential bubble. High valuations of startups are largely speculative, focused on achieving superhuman general intelligence. Industry leaders, including Sam Altman, warn of possible economic fallout should this bubble burst, with estimates suggesting losses could reach $35 trillion. The competition in AI development is fierce, primarily dominated by US tech giants, while others like China strive to keep p..

The proposed acquisition of the Daily Telegraph by the Daily Mail and General Trust plc (DMGT) marks a significant consolidation in the British media landscape, particularly within right-leaning outlets. With a deal valued at £500 million, this move aims to merge two influential media entities closely aligned with the Conservative Party. The takeover, which follows RedBird IMI's withdrawal from its own bid, raises concerns among critics about the potential decrease in diversity and competition..

US President Donald Trump and Saudi Crown Prince Mohammed bin Salman have recently strengthened ties amidst controversy. Their meeting at the White House resulted in a monumental $1 trillion deal, overshadowing concerns about the murder of journalist Jamal Khashoggi. Trump's dismissal of intelligence findings linking the crown prince to the incident reflects a notable shift in diplomatic relations, despite pushback from allies. Simultaneously, ethical concerns have arisen regarding Trump's bus..

The recent pardon of Binance founder Changpeng Zhao by President Donald Trump has ignited discussions around the allegations of corruption and money laundering that have surrounded him. Zhao's attorney, Teresa Goody Guillén, refuted claims of pay-to-play politics, emphasizing that Zhao's charges pertained solely to deficiencies in anti-money laundering compliance, rather than any criminal activity. This pardon has been met with enthusiasm in the cryptocurrency sector, particularly with a notable..

Valve is making significant strides by integrating Android games into its Steam platform, enhancing accessibility for developers. The introduction of the Steam Frame, a standalone wireless VR headset, enables seamless gameplay from both PCs and Android APKs, offering a new avenue for mobile VR developers. This innovative device distinguishes itself from competitors by prioritizing streaming capabilities, allowing users to experience a vast library of games without the need for extensive hardware..

Tesla shareholders have given the green light to an unprecedented $1 trillion compensation package for CEO Elon Musk. This monumental deal positions Musk to potentially become the world's first trillionaire, contingent upon achieving ambitious targets over the next decade. The plan necessitates that Tesla reaches a staggering market capitalization of $8.5 trillion and delivers 20 million vehicles. If successful, Musk stands to significantly increase his ownership stake in Tesla, which could su..

Tesla's shareholders are faced with a pivotal decision regarding a staggering $1 trillion compensation package for CEO Elon Musk. The proposal, which would grant Musk significant ownership in the company contingent on ambitious performance targets, has sparked considerable debate among investors. Critics, including major stakeholders like Norges Bank Investment Management, argue that the package is excessively generous and poses risks to shareholder value. Supporters of the plan claim it is es..

Bitcoin has recently fallen below $100,000 for the first time since June, marking a significant downturn in the cryptocurrency market. This decline is driven by substantial sales from major holders, reflecting waning demand from institutional investors and capital outflows from ETFs. The overall cryptocurrency landscape has been negatively impacted, with altcoins like Ether and XRP also suffering notable losses. Factors such as a trade dispute between the U.S. and China and concerns surrounding..

The ongoing Supreme Court case regarding President Trump's tariffs highlights the tension between executive power and economic policy. Trump's administration has used tariffs as a tool for foreign policy, aiming to address trade deficits and enhance national security. However, small businesses are feeling the pinch, with many reporting significant financial strain due to increased costs of imported goods. The court's decision could either uphold Trump's authority under the International Emerge..

Saudi Arabia is undergoing a significant transformation under its Vision 2030 initiative, aiming to diversify its economy and modernize its infrastructure. The railway system is a focal point, with investments expected to grow the market from USD 266.1 million in 2024 to USD 379.0 million by 2033, driven by a 3.60% CAGR. Despite facing financial recalibrations due to fluctuating oil prices, the government is pivoting towards technology and renewable energy. The renewable energy sector is proje..

OpenAI has forged a monumental partnership with Amazon, signing a $38 billion deal to utilize Amazon Web Services (AWS) for its cloud computing needs. This agreement, spanning seven years, is poised to enhance OpenAI's capabilities, particularly for its AI models like ChatGPT. The collaboration arrives at a time of scrutiny surrounding AI technologies, with recent incidents highlighting the potential risks posed by AI chatbots. Additionally, OpenAI's expansion plans reflect a broader trend in..

Bitcoin's price has recently dipped below $108,000, driven by declining reserves on Binance and waning institutional interest. As trading activity surged, the spot volume saw a notable increase, yet mixed signals emerged from the derivatives market. The recent downturn, sparked by the Federal Reserve's rate cut, resulted in significant liquidations in crypto positions, challenging Bitcoin's reputation as a safe-haven asset. This decline marks the end of a notable winning streak for Bitcoin, as..

Recent diplomatic engagements highlight the evolving dynamics between major global powers. US Defence Secretary Pete Hegseth's meeting with Chinese Defence Minister Dong Jun emphasized peace and cooperation, marking a pivotal moment post-summit. Simultaneously, China's C919 jetliner gained traction in Brunei, signifying its growing influence in Southeast Asian aviation markets. In a broader context, Xi Jinping's discussions with leaders from Vietnam and Canada at the Apec summit underscored a..

Major technology companies are significantly increasing their investments in artificial intelligence as they strive for leadership in this rapidly evolving field. Microsoft has reported a staggering 74% rise in AI spending, amounting to $34.9 billion for the last quarter. This surge is primarily fueled by the success of its Azure platform and strategic partnerships with OpenAI. Similarly, Meta has raised its expenditure forecast to as much as $72 billion, focusing heavily on data centers and AI..

The upcoming meeting between Donald Trump and Xi Jinping at the Asia Pacific Economic Cooperation summit could mark a pivotal moment in US-China relations, which have been strained since 2019 due to ongoing trade tensions. Key discussions are expected to focus on rare earth minerals and a potential trade deal that might lower tariffs on Chinese goods in exchange for Beijing's efforts to curb fentanyl production. The high tariffs, with China's averaging 32.6% on US exports and the US imposing 5..

During his recent visit to Japan, US President Donald Trump was warmly welcomed as the first foreign dignitary to meet the newly enthroned Emperor Naruhito. This five-day diplomatic mission aimed to reinforce the US-Japan alliance amid ongoing trade discussions. Trump and Japanese Prime Minister Sanae Takaichi signed significant agreements focused on critical technologies and raw materials, although concrete advancements on trade specifics were limited. The leaders expressed a shared vision for..

Prime Minister Shehbaz Sharif's recent visit to Saudi Arabia underscored a significant commitment to enhancing economic ties between the two nations. During his discussions with Crown Prince Mohammed bin Salman, both leaders emphasized the importance of trade and investment collaboration. The establishment of an Economic Cooperation Framework aims to bolster private sector involvement, focusing on sectors such as energy, technology, and industrial development. This initiative reflects a strate..

During the Future Investment Initiative conference in Riyadh, Saudi Crown Prince Mohammed bin Salman engaged with several world leaders, focusing on enhancing bilateral relations and cooperation in various sectors. Notably, he met with Pakistan's Prime Minister Shehbaz Sharif, where they discussed a long-term economic partnership centered on infrastructure projects, including significant Saudi investments in dam construction and power transmission. The conference served as a platform for Saudi..