Google enhances search with AI Overviews and AI Mode
Alphabet plans to invest $75 billion in capital expenditures this year, largely focused on AI, up from $52.5 billion in 2024
Qatar doubles U.S. investment pace compared to last five years
The fund has already pledged to invest $500 billion in the U.S. economy over the next 10 years
Canada’s annual inflation rate eases to 1.7% in April
Overall energy prices fall 12.7% last month, with gasoline prices down 18.1% and natural gas prices dropping 14.1% from a year earlier
Japanese government bond yields hit record highs amid demand concerns
The 20-year bond yield rises to 2.555%, the 30-year to 3.14%, and the 40-year to 3.6%, all hitting record highs
Dollar under pressure as U.S.-Japan talks target currency volatility
U.S. dollar index drops 10.6% from January highs, one of the steepest three-month declines in recent years
Microsoft adds AI rivals xAI, Meta to Azure model lineup
xAI’s Grok 3, Meta’s Llama, and others will be available on Azure with the same guarantees as OpenAI’s tools, says CEO Nadella
Oil prices steady amid uncertainty over U.S.-Iran talks
Brent crude futures slip 0.4 percent to $65.28 a barrel, while U.S. West Texas Intermediate for June drops 0.3 percent to $64.60
Honda shifts focus to hybrids, scales back EV spending
CEO Toshihiro Mibe says the company cut electrification and software spending to 7 trillion yen from 10 trillion yen through 2030
Apple supplier Foxconn commits $1.5 billion to Tamil Nadu unit
The investment supports Apple’s plan to boost manufacturing in India amid U.S. tariffs on China that disrupt supply chains and raise iPhone costs
Australia cuts interest rate to 3.85% amid cooling inflation
Australia's central bank says the risks of rising inflation had eased and international developments were likely to weigh on the economy
China cuts key lending rates to boost slowing economy
People’s Bank of China lowered the one-year loan prime rate by 10 basis points to 3.0% and the five-year rate to 3.5%
Foxconn to build AI data center with Nvidia, targets 100 MW power
Data center will require significant power and will start with 20 megawatts, gradually increasing to 100 megawatts, says Foxconn Chairman
Xiaomi begins mass production of self-developed Xring O1 mobile chip
The first devices to use the chip will be the Xiaomi 15S Pro smartphone and the Xiaomi Pad 7 Ultra
World Bank clarifies role in payments for Afghanistan projects
The payments concern debts owed by the former Afghan government to contractors under World Bank projects
Waymo gets California approval to expand robotaxi service
The approval comes as Tesla prepares to launch a paid robotaxi service in Austin, Texas, next month