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European stocks open higher, brushing off tariff updates; WPP names Microsoft exec Cindy Rose as new CEO
World
Deutsche Bank raided by German police in money laundering probe
German police carried out raids at Deutsche Bank in Frankfurt and in Berlin on Wednesday morning, as part of an investigation into money laundering. Shares in the German lender were last seen down about 2.7% following news of the probe, which was first reported by Spiegel. “We confirm Frankfurt prosecutors are currently conducting an investigation […]
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World
Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push
A pedestrian walks past Amazon Ireland corporate offices in Dublin, as Amazon.com, Inc., said on Tuesday it plans to cut its global corporate workforce by as many as 14,000 roles and seize the opportunity provided by artificial intelligence (AI), in Dublin, Ireland, Oct. 28, 2025. Damien Eagers | Reuters Amazon said Wednesday it plans to […]
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World
South Korea’s SK Hynix to establish a special ‘AI Company’ in the U.S.
Illustration of the SK Hynix logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images South Korean memory giant SK Hynix announced Wednesday that it will set up a new U.S.-based company focused on artificial intelligence solutions, committing at least $10 billion as it seizes on new AI growth engines. The new […]
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