Microsoft clears legal hurdle as court upholds $69 billion Activision acquisition
The three-judge panel finds that the FTC lacks strong evidence to prove the merger reduces competition
U.S. lawmakers warn UK over encryption backdoor order to Apple
They say that these vulnerabilities would not only affect UK users but also American citizens and others worldwide
Trump administration to revise Biden-era AI chip export restrictions
A Commerce Department spokesperson calls the current rule “overly complex, bureaucratic, and stifling American innovation”
U.S. energy firms seek exemption from domestic LNG shipping mandate
The policy requires LNG producers to ship 1% of exports on U.S.-built vessels from 2028 to boost domestic shipbuilding and counter China
Turbulence for U.S. budget airlines as trade war hits travel demand
Legacy carriers ride premium boom while low-cost rivals face deepening financial woes, Reuters reports
Indonesia braces for slower growth amid trade tensions and weak spending, says Fitch
Fitch Ratings trims 2025 forecast to 4.9% as global uncertainty and domestic challenges weigh on Southeast Asia’s largest economy
China unleashes major economic stimulus ahead of U.S. trade talks
Interest rate cuts and liquidity boost aim to cushion tariff shocks as Beijing braces for high-stakes Switzerland meeting
Chinese giants BYD and Tsingshan pull out of lithium projects in Chile
Falling lithium prices derail multimillion-dollar cathode plant investments in world’s No. 2 producer
Oil prices stabilize after sharp sell-off, focus shifts to U.S.-China trade talks
Brent crude futures drop by 0.18% to $62.04 per barrel, while U.S. West Texas Intermediate crude drops by 0.19% to $58.98 per barrel
Dollar strengthens against yen and franc as markets await policy cues
Dollar rises 0.6% to 143.28 yen, snapping a three-day losing streak, and gains 0.15% to 0.8233 Swiss franc, recovering from Monday’s 2015 low of 0.8032
Amazon’s Bezos leads new investment in AI data company Toloka
Toloka helps train and evaluate AI models using a network of human experts and testers
Alibaba–RedNote tie-up raises stakes in China’s e-commerce competition
The collaboration allows RedNote users to directly access and shop products from Alibaba’s Taobao platform
Geely to acquire remaining 34.3% stake in ZEEKR for $6.52 billion
Geely plans to streamline operations and reduce costs by creating a unified platform through this acquisition
Telecom operators warn Europe risks falling behind U.S. in 6G race
The United States opens the 6GHz band for Wi-Fi use in 2020, and China allocates it for 5G and 6G services in 2023
OpenAI to reduce revenue share with Microsoft as restructuring plans shift
OpenAI currently shares 20% of its revenue with Microsoft through 2030 but plans to reduce that share to 10%