‘Strongman’ leaders of Europe don’t look so strong anymore
“Strongman” leaders in Europe — allied with the likes of President Donald Trump and Russia’s Vladimir Putin — look increasingly weak, analysts say.
Financial News
Euro zone inflation rises to hotter-than-expected 2.5% in January on energy price hike
Economists polled by Reuters had expected the January inflation print to come in at 2.4%, unchanged from December.
‘It doesn’t have to be this way’: Canada, Mexico and China respond to Trump’s tariffs
Canada, Mexico and China have responded to Trump’s long-promised tariffs on imports, with Canada immediately retaliating.
Trump tariffs on Canada, Mexico and China begin Saturday, White House says
The White House confirmed Friday that the president will be leveling aggressive tariffs this weekend on major U.S. trading partners.
How DeepSeek and next-generation AI agents could erode value of language models
Executives at leading AI labs say that large language models like those from OpenAI and Big Tech firms risk becoming commoditized in 2025.
Euro zone economy flatlines in fourth quarter, missing expectations for slight expansion
Economists polled by Reuters had expected growth of 0.1% over the period, following a larger-than-expected 0.4% expansion in the third quarter.
World’s largest sovereign wealth fund reports $222 billion annual profit on tech rally
Norway’s sovereign wealth fund reported its full-year earnings on Wednesday.
HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.
Nvidia falls 14% in premarket trading as China’s DeepSeek triggers global tech sell-off
DeepSeek launched a free, open-source large-language model in late December, claiming it was developed in just two months at a cost of under $6 million.
CIA believes Covid-19 likely caused by lab leak, NBC News reports
“CIA continues to assess that both research-related and natural origin scenarios of the COVID-19 pandemic remain plausible.”