COMPANIES
Amazon gears up to axe thousands more corporate employees
The company plans to start rolling out the terminations as early as next week, according to people briefed on the situation.
BUSINESS
Gold rises toward $5,000 as weaker Dollar adds impetus to rally
Bullion climbed to an all-time above $4,960 in early trading and is on track for a weekly gain of more than 7%, while silver also hit a record. A key gauge of the US currency’s strength is down 0.8% so far this week.
WORLD
TikTok seals deal to operate in the US after years of drama
A TikTok sale concludes a yearslong geopolitical and regulatory tug-of-war that, for half a decade, has threatened to shut down TikTok in the US over national security concerns.
MARKETS
Asian stocks rise, gold gains on weaker dollar
MSCI’s regional stocks gauge rose 0.2% after the US benchmarks advanced for a second consecutive day. The dollar held its losses after falling the most in a month during the US session.
BUSINESS
Tesla to sell Optimus robots to public next year, Musk says
Sales to the public will begin when Tesla is “confident that it’s very high reliability, very high safety, and the range of functionality is also very high,” Musk said.
BUSINESS
Musk’s SpaceX lines up banks to lead IPO, Financial Times says
SpaceX sees Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in senior roles, the report said
BUSINESS
Paramount extends tender offer for Warner Bros shares
The new offer expires Feb. 20, the parent of CBS, MTV and other entertainment businesses said Thursday in a proxy filing. Paramount has been trying to acquire Warner Bros. since September.
WORLD
Putin offers frozen Russia assets in US to aid Ukraine
BUSINESS
Tata set to invest $11 billion in Maharashtra AI innovation city
The positioning of Innovation City adjacent to the Navi Mumbai airport, a landmark project developed by the Adani Group, is expected to create a powerful synergy between global transit and high-tech industry.
BUSINESS
France says Trump must stop threatening Champagne tariffs
France remains wary of repeated threats against its exports of alcoholic drinks, however, with a large share going across the Atlantic.
BUSINESS
Musk, Davos' most high-profile hater, set to make first appearance
Elon Musk was confirmed as a last minute addition for a Thursday afternoon session, speaking to BlackRock Chief Executive Officer Larry Fink.
SPORTS
English Premier League teams no longer dominate football’s rich list
Spain’s Real Madrid and FC Barcelona, as well as Germany’s Bayern Munich and France’s Paris Saint-Germain, now make up the top four
INDIA
Andhra Pradesh considering Australia-like social media ban for kids
Nara Lokesh said he strongly felt that youngsters under a certain age should not be on social media “because they don’t understand what they are seeing.”
COMPANIES
Air India braces for record Rs 15,000 crore loss after deadly crash
Earnings were further hit by Pakistan’s closure of its airspace for Indian airlines following a military clash with India
WORLD
Flagship Russian oil sinks in China after India buyers pull back
Shipments of the grade dropped to about $10 a barrel below Brent futures this week, according to people involved in the trade
DEFENCE
US Army displays new version of Abrams Tank at Detroit Auto Show
The new variant’s design began with a digital backbone.
BUSINESS
Tokyo looks to rev up IPO market by luring startups across Asia
The exchange is offering help in fundraising and IPO preparations with partners including banks, auditors and venture capital funds in Asia
WORLD
Trump abandons tariff threat after ‘framework’ Greenland deal
The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland
BUSINESS
OpenAI’s Sam Altman meets mideast investors for $50 billion round
The ChatGPT maker is looking to raise $50 billion or more in the round at a valuation of about $750 billion to $830 billion
BUSINESS
China’s bumper silver exports belie market fears of curbs
China has had a licensing regime in place for silver since 2019.
BUSINESS
Berkshire’s Greg Abel to cut Kraft Heinz loss in post-Warren Buffett era
Berkshire is seeking to sell its 28% stake in the packaged foods company, according to a filing, the final step in a separation months in the making
BUSINESS
Gold falls after Trump backs away from tariffs over Greenland
Bullion fell as much as 1.1% in early trading, pulling back after three days of gains that had taken it to an all-time high above $4,888 an ounce on Wednesday
MARKETS
Asian stocks gain after Trump touts Greenland deal
BUSINESS
China’s bond auction draws record demand as global risks mount
The auction’s bid-to-cover ratio reached 5.91, the highest on record for the seven-year tenor, according to data compiled by Bloomberg
