Month: May 2025
Alibaba shares drop 5% in premarket trading after big profit miss
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth quarter on both the top and bottom line. Shares were down 5% in premarket trade in the U.S. […]
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Germany backs Trump’s push for 5% NATO defense spending target
Johann Wadephul (CDU), Federal Foreign Minister, makes a statement during an informal meeting of NATO foreign ministers. Sebastian Gollnow/picture alliance via Getty Images Germany is backing U.S. President Donald Trump’s call to increase the defense spending target of NATO members to 5% of their individual gross domestic product, German Foreign Minister Johann Wadephul said Thursday. […]
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Assassin’s Creed maker Ubisoft plunges 18% as outlook fails to impress
Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game. John Keeble | Getty Images Shares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors. Ubisoft reported a 20.5% drop in net bookings for the fiscal year ending March 31, 2025, as a strong performance of the company’s […]
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India approves Apple-supplier Foxconn’s $433 million joint venture in bid to boost chip industry
In this photo illustration, a Foxconn logo is seen displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Foxconn, the world’s largest contract electronics manufacturer, has received approval from the Indian government to build a semiconductor plant in a joint venture with HCL Group, drawing an investment of 37.06 billion rupees ($433 million). […]
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Tencent bets on 1.4 billion user WeChat empire to get ahead in China’s AI race
China has not released specific regulation around non-fungible tokens. But technology platforms like Tencent’s WeChat are taking a cautious approach to prevent speculation with NFTs. Sopa Images | Lightrocket | Getty Images Tencent‘s WeChat app is indispensable for people in China. It has 1.4 billion monthly users and is the main messaging service in the […]
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Putin and Trump leave Zelenskyy in the dust, skipping peace talks in Turkey
Donald Trump (L) and Russia’s Vladimir Putin arrive to attend a joint press conference after a meeting at the Presidential Palace in Helsinki, on July 16, 2018. Yuri Kadobnov | Afp | Getty Images Hopes that Ukraine and Russia’s leaders would meet for peace talks in Turkey on Thursday were dashed as Kremlin leader Vladimir […]
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UK economy grows by faster-than-expected 0.7% in first quarter: Live updates
Enjoy the moment UK: Economists don’t think robust growth is here to stay Ye Grapes pub Shepherd Market in the exclusive area of Mayfair on 9th May 2025 in London, United Kingdom.es) Mike Kemp | In Pictures | Getty Images The U.K.’s robust and better-than-expected economic performance will be cheered by the country’s leadership in […]
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Group of 21 economies — including U.S. and China — warns of growth slowdown over trade tensions
SEOUL, SOUTH KOREA – 2025/04/16: An APEC 2025 large-scale promotional video and a statue of King Sejong the Great are seen at Gwanghwamun Square in central Seoul. Sopa Images | Lightrocket | Getty Images An intergovernmental grouping of 21 economies including the United States and China warned Thursday that their collective growth risks a sharp […]
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Denmark’s economy boomed on drug exports — Trump’s tariffs threat won’t be what slows it down
Vials move along a conveyor at the Novo Nordisk A/S production facilities in Hillerod, Denmark, on Monday, June 12, 2023. The success of Novo’s bestsellers Ozempic and Wegovy, drugs that help people lose significant amounts of weight, has created something of a gold rush in the pharma industry with about 40 companies developing products that […]
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Trump’s push to break China’s mineral dominance paves the way for a deep-sea gold rush
Critical minerals such as cobalt, nickel, copper and manganese can be found in potato-sized nodules at the bottom of the seafloor. Pallava Bagla | Corbis News | Getty Images U.S. President Donald Trump’s critical minerals drive looks set to pave the way for a gold rush on the ocean floor. Seeking to counter China’s mineral […]
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