WTO Raises Global Trade Forecast as AI Boom Offsets Middle East Disruptions
The World Trade Organization has upgraded its forecast for global merchandise trade growth in 2026 to 3.9%, more than double its previous estimate of 1.9%. The stronger outlook reflects robust demand for semiconductors and...
Goldman Sachs Executives Set for Over $500 Million in Special Awards
Goldman Sachs Group’s top executives are set to receive special equity awards worth more than $500 million, Bloomberg News reported on Wednesday. The awards, granted in October 2021, were disclosed by Goldman in various...
GlobalFoundries Signs $2 Billion TSMC AI Chip Deal
GlobalFoundries said on Thursday it has reached a $2 billion, five-year agreement to manufacture silicon interposers for TSMC at its facility in Malta, New York. Silicon interposers are critical components used in advanced AI...
BBC and Channel 4 Explore Deeper Tie-Up to Cut Costs
Britain’s BBC and Channel 4 have held preliminary talks with the government about a broader tie-up of some operations, potentially reshaping the country’s public broadcasting landscape. One proposal would combine Channel 4’s advertising operations,...
Amazon Unveils Premium Android Tablets With Alexa+ AI
Amazon has unveiled a new range of higher-end tablets that run on Google’s Android operating system and feature its AI-powered Alexa+ voice assistant. The new Alexa Tablets start at $230 and go up to...
AI Simulations Aim to Predict Drug Trial Failures
Artificial intelligence is emerging as a potential tool to help pharmaceutical companies predict whether experimental drugs are likely to succeed before costly human trials. Novartis shares fell 11% after its late-stage trial of experimental...
Jaguar Land Rover Unveils $130,500 Electric Jaguar Type 01 in US Gamble
Jaguar Land Rover (JLR) has unveiled the new Jaguar Type 01, an electric four-door GT with an ultra-long bonnet, no rear window and an array of technology, as the luxury carmaker targets growth among...
Nestlé Scores Big With NBA Deal to Win Over Health-Conscious Youth
Nestlé is making its biggest-ever international sports sponsorship move through a new NBA partnership for its cocoa and malt beverages business, including Milo, Nesquik and Nescau. The four-continent deal spans 21 countries and aims...
PepsiCo Faces Pressure to Deliver Growth as GLP-1 Threat Intensifies
PepsiCo is running out of time to deliver the growth and margin improvements promised after activist investor Elliott Investment Management took a roughly $4 billion stake in the company a year ago. The company’s...
Countries Weigh Restrictions on Smart Glasses Over Privacy Concerns
Governments, courts and businesses around the world are tightening scrutiny of camera-equipped smart glasses amid concerns that devices such as Meta’s Ray-Ban smart glasses could be used to photograph, record videos or capture audio...