business news
China gives green light to importing first batch of Nvidia’s H200 AI chips, sources say: Reuters
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg […]
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Airbus, AstraZeneca and HSBC executives join UK’s Starmer on high-stakes China trip
Key Points Starmer brings nearly 60 business and cultural groups on first U.K. leader visit to China in eight years. Talks with Xi and Li focus on trade, investment and national security. Visit follows a surge of foreign leaders engaging Beijing amid global tensions. Source
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Australia inflation meets expectations at 3.6%, reaching a six-quarter high
Activity on Elizabeth Street (at the intersection of Bourke St Mall), Melbourne on a cloudy day. Charlie Rogers | Moment | Getty Images Australia’s inflation came in at 3.6% in the fourth quarter of 2025, its highest level in six quarters, reinforcing warnings from policymakers that interest rate cuts this year are likely to be […]
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CNBC Daily Open: The EU-India trade deal story is not over yet
U.S. President Donald Trump and Indian Prime Minister Narendra Modi meet in the Oval Office at the White House on February 13, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images On Tuesday, India and the European Union announced a “landmark” free trade deal that would remove or reduce tariffs on […]
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One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models
BEIJING — Chinese companies are accelerating the rollout of new artificial intelligence models as competition with U.S.-based rivals OpenAI, Anthropic and Google intensifies. Just over a year ago, China-made DeepSeek rocked global markets with the release of an AI chatbot that undercut OpenAI’s ChatGPT on usage fees and production costs, raising questions about the efficacy […]
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Amazon inadvertently announces cloud unit layoffs in email to employees
Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025. Smith Collection | Gado | Archive Photos | Getty Images Amazon on Tuesday sent a notice out to cloud staffers in an apparent error acknowledging “organizational changes” at the company. The e-commerce giant is expected to announce widespread layoffs across […]
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Asia markets open mostly higher after S&P 500 hits record, South Korea pushes fresh highs
Melbourne, Australia Kieran Stone | Moment | Getty Images Asia-Pacific markets opened mostly higher on Wednesday, tracking gains on Wall Street after the S&P 500 closed at a record high. The broad market index gained 0.41% to finish at 6,978.60, supported by gains in Apple and Microsoft. Asian markets mostly extended Tuesday’s gains, with Australia’s S&P/ASX 200 climbing […]
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Intel says it will match government’s ‘Trump Accounts’ contribution to kids of employees
The Intel logo is displayed on a sign in front of Intel headquarters on Jan. 22, 2026 in Santa Clara, California. Justin Sullivan | Getty Images Intel, which now counts the U.S. government as its largest shareholder, said on Tuesday that it will match the Trump administration’s $1,000 payout for children of eligible U.S. employees. […]
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Canada’s Carney to Trump: ‘I meant what I said in Davos’
Canada’s Prime Minister Mark Carney speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, Jan. 27, 2026. Patrick Doyle | Reuters Canadian Prime Minister Mark Carney on Tuesday denied Treasury Secretary Scott Bessent’s claim that, in a private call with President Donald Trump, he had backtracked on some […]
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Dollar suffers worst one-day slide since last April after Trump says currency hasn’t fallen too low
Key Points The U.S. dollar fell about 1.3% on Tuesday, posting its worst day since April 10, 2025. It touched its lowest level since February 2022. During his visit to Iowa, President Donald Trump was asked whether he was comfortable with the current value of the greenback. “I think it’s great,” Trump said of the […]
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