WORLD
US spy world worries it may be next for Trump’s DOGE-led purges
So far, Musk’s DOGE team has focused on other parts of the government, such as the Treasury Department and USAID
BUSINESS
Melania memecoin is down 90% from peak as novelty value wanes
Melania Trump’s crypto memecoin MELANIA has lost almost 90% of its value in the weeks since Donald Trump’s inauguration
BUSINESS
Amazon, echoing Microsoft, says can’t keep up with AI demand
CEO Jassy said the supply of chips — from third parties and Amazon’s own chip design unit — and power capacity are limiting the ability of Amazon Web Services to bring new data centers online.
BUSINESS
India may cut more import taxes as manufacturing picks up speed
In the first major overhaul of its tariff structure, India removed high rates from some 8,500 industrial goods. While the tax incidence has remained the same because of additional levies on imports, Agarwal said the surcharges are “temporary in nature and would eventually be phased out.”
WORLD
Tech stocks lift Hong Kong shares to three-month high
Shares in mainland China and Taiwan also advanced, running against the grain of declines in Japan and South Korea
WORLD
Manchester City’s troubles spread from Premier League to politics
The club is facing 115 charges from the Premier League, with allegations including providing false financial information and receiving inflated sponsorship revenue from firms linked to the club’s owners
BUSINESS
New RBI Governor set to begin interest rate cuts
Governor Sanjay Malhotra, who took charge in mid-December, is likely to depart from the hawkish approach of his predecessor, Shaktikanta Das, who kept interest rates unchanged for two years as he doggedly chased a 4% inflation target.
WORLD
Musk ‘buyout’ deal has more than 40,000 takers as deadline nears
The deadline to apply — which can be done simply by sending the word “resign” from a government e-mail account — is the end of the day Thursday Washington time.
WORLD
Nissan seeking new partners with Honda deal set to collapse
The Japanese carmaker is looking for a partner that would ideally be from the technology sector and US-based
WORLD
Honda, Nissan at odds as deal to combine begins to unravel
Nissan Chief Executive Officer Makoto Uchida told Honda CEO Toshihiro Mibe that he intends to end integration talks, the Asahi newspaper reported Thursday
BUSINESS
Treasury Secretary Scott Bessent says Trump 2.0 focusing on 10Y yields, not Fed
Bessent repeated his view that expanding energy supply will help lower inflation. For working-class Americans, “the energy component for them is one of the surest indicators for long-term inflation expectations,” he said.
WORLD
OpenAI set to make first ad foray with Super Bowl spot: Report
The Super Bowl ad would be OpenAI's first foray into commercial advertising, WSJ said
BUSINESS
Gold steady near record high on economic and geopolitical risks
Bullion held above $2,865 an ounce — having added 0.9% on Wednesday — after President Donald Trump said the US could take over Gaza
WORLD
Asian shares rise as risk mood returns in China
A gauge of Asian equities rose for a third day with the region’s technology companies the biggest contributors
WORLD
Google ends diversity goals for its workforce in Trump era
Google said it was reviewing its programs and would no longer have “aspirational goals” tied to representation
BUSINESS
Tariffs to drive global markets in volatile 2025, JPMorgan finds
Inflation and tariffs will have the biggest impact on markets in 2025, followed by geopolitical tension, according to the annual trading poll. Some 41% surveyed highlighted volatility as their biggest anticipated daily trading challenge, up from 28% last year.
BUSINESS
Tesla sales plunge 59% in Germany to lowest level in years
The US manufacturer registered only 1,277 new cars in January, its lowest monthly total since July 2021, according to the German Federal Motor Transport Authority.
WORLD
US trade deficit widens nearly 25% in December ahead of Donald Trump term
For all of 2024, the merchandise-trade deficit with Mexico widened on an unadjusted basis to a record $171.8 billion. The gap with Canada narrowed last year.
BUSINESS
Candy crush spurs $1.8 billion gaming-revenue boom in Africa
The gaming community on the continent climbed 10% to 349 million players, and 89% of revenue came from mobile, the analysis showed.
WORLD
Ex-Googler charged by US with espionage to boost AI in China
If convicted, Ding faces as long as 15 years in prison for each count of economic espionage, and up to 10 years for each of the trade secret theft charges, according to prosecutors.
BUSINESS
Tata Power seeks hydro projects to ramp up clean energy bets
“We have already identified two projects and work has started for the first project,” Praveer Sinha, chief executive officer at the Tata Group-controlled firm said in an interview with Bloomberg Television.
BUSINESS
India’s cash deficit eases after RBI opens fund tap
The cash injection has also led to a decline in the weighted average call rate, which represents banks’ overnight borrowing costs.
BUSINESS
BlackRock plans to hire 1,200 people for ramp-up in India
The world’s largest asset manager is hiring for its iHubs, as the centers are known, in Mumbai and Gurugram.
BUSINESS
Gold hits record high as US-China trade war stokes haven demand
Bullion reached an all-time peak of $2,849.05 an ounce on Wednesday
