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...
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...
Bain Capital, GIC Explore $3.2 Billion Sale or IPO of Japan’s WHI
Bain Capital and Singapore’s sovereign wealth fund GIC are exploring an initial public offering or sale of Japanese human resources software company WHI Holdings at a valuation of at least 500 billion yen ($3.2...