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US President Donald Trump has reiterated that he plans to impose fresh tariffs on imports from Canada and Mexico, alongside China

World Awaits Trump Tariff Deadline On Canada, Mexico And China

Shortly after taking office this month, Trump said he planned to introduce 25 percent tariffs on neighbors Canada and Mexico on February 1 unless they cracked down on illegal migrants crossing the US border and the flow of deadly fentanyl.
AFP news Jan 31, 2025
The emergence of DeepSeek's lower cost breakthrough particularly threatens US-based AI leaders like OpenAI and Anthropic, which have invested billions in developing leading AI models

With China's DeepSeek, US Tech Fears Red Threat

California tech investors have usually kept their involvement in politics low key, generally supporting centrist politicians who don't get in the way of their innovations and business plans.
AFP news Jan 30, 2025
Microsoft executives say they are on pace to spend $80 billion this fiscal year on artificial intelligence and are innovating to help customers make money from the technology

Microsoft Profit Rises But Cloud Business Misses Mark

Microsoft chief executive Satya Nadella spotlighted the tech titan's artificial intelligence investments, saying the company is "innovating across our tech stack" to unlock the ability for customers to make money from the technology.
AFP news Jan 30, 2025
Meta, the parent company of Facebook, Instagram, and WhatsApp saw its net income soar 59 percent to $62.36 billion in 2024

Meta Posts Big Profit, Aims To Take AI Lead

The bullish projection about the company's AI future sent shares in the company spiking by as much as five percent in after hours trading, though this later steadied to two percent.
AFP news Jan 30, 2025
Meta CEO Mark Zuckerberg has expressed support for US President Donald Trump

Meta Agrees To Pay Trump $25 Mn To Settle Account Ban Lawsuit

According to people familiar with the agreement, the Journal said, $22 million of the payment will go towards funding Trump's future presidential library, with the remainder covering legal fees and payments to other plaintiffs in the case.
AFP news Jan 30, 2025
The Federal Reserve stood pat on interest rates, as expected, but did not offer hints on when it could resume cutting

European Stock Markets Rise Before ECB Rate Call

The ECB announcement will follow the Federal Reserve's decision to keep US borrowing costs on hold Wednesday as inflation, despite coming down, remains elevated in the United States.
AFP news Jan 30, 2025
ECB chief Christine Lagarde's press conferences after rate calls are closely followed by investors

ECB To Look Past Trump Risk And Push On With Rate Cuts

The central bank hiked borrowing costs aggressively from mid-2022 to tame runaway energy and food costs, but is now bringing them back down as price rises slow and the eurozone economy looks weak.
AFP news Jan 30, 2025
Volkswagen and other European carmakers have struggled with the switch to electric vehicles as they face rising competition from China

EU Holds Auto Talks To Revive Embattled Car Sector

The European Union is under pressure to help a sector that employs 13 million people and accounts for about seven percent of the bloc's GDP, as it seeks to revamp the continent's lagging competitiveness.
AFP news Jan 30, 2025
Almost 80 percent of cars made in the UK last year were exported, mostly to the European Union, according to industry data

UK Car Sector Fears For Trump Tariffs As Output Falls

Factories producing mainly foreign-owned brands, including from Japanese giant Nissan and Indian-owned Jaguar Land Rover, turned out a total 905,233 vehicles, down 11.8 percent on 2023, said the Society of Motor Manufacturers and Traders.
AFP news Jan 30, 2025
ByteDance is under pressure to sell the popular video sharing app TikTok

Who Might Buy TikTok In The US?

While Musk hasn't publicly expressed interest in acquiring TikTok, his $44 billion acquisition of Twitter (now X) in 2022 demonstrates his appetite for social media investments.
AFP news Jan 29, 2025

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