Mexico to rule on Google’s alleged ad monopoly by June 17
The case could result in a fine of up to 8% of Google’s annual revenue in Mexico, according to public records
Netflix to invest over $1.14 billion in Spain until 2029, says co-CEO
Co-CEO Netflix Ted Sarandos says that company’s investment would support the Spanish audiovisual sector
IBM plans practical quantum computer by 2029
IBM outlines its technical path, including a new machine named Starling, which it will construct at a new data center in New York
Huawei admits its chips are one generation behind U.S. but performance is improving
Huawei CEO says company invests 180 billion yuan in research each year and sees potential in compound chips made from multiple elements
Chinese state media urges crackdown on zero-mileage car sales
The paper criticizes the so-called “zero-mileage used cars” strategy, where unsold new vehicles are registered as used to offer heavy discounts
Apple opens core AI model to third-party developers
Apple says it will allow developers to access the foundational AI model that powers some of its features
U.S. Trade Representative revises fees for non-U.S.-built LNG tankers, car carriers
The USTR revised fees are to support domestic shipbuilding and counter China’s maritime influence
Disney to pay additional $438.7 million to NBCUniversal for Hulu
Disney’s CEO says Hulu purchase enables full ownership, integrating with Disney+ and ESPN’s direct-to-consumer servic
OpenAI hit $10 billion revenue, up from $5.5 billion in December
An OpenAI spokesperson says that the $10 billion figure excludes licensing revenue from Microsoft and large one-time deals
Amazon plans $20 billion investment in Pennsylvania data centers
In Pennsylvania, the investment will create 1,250 high-skilled jobs and support thousands more in the data center supply chain
U.S.-China trade talks extend to second day in London
The discussions, involving the world's two largest economies, aim to ease tensions over tariffs and rare earth restrictions
Argentina central bank offers $2 billion repurchase agreement to boost reserves
The move comes as Argentina prepares for a review of its $20 billion loan agreement with the International Monetary Fund
China shipments to U.S. drop 28.5%, hit pandemic low amid tariffs
Overall U.S. seaborne imports in May drop 7.2% from the same month last year, falling to 2.18 million
Trump to keep Starlink at White House despite feud with Musk
Trump says he may move the Tesla around a little bit, but he doesn’t think they’ll be doing that with Starlink
Saudi Arabia’s economy grows 3.4% in Q1 2025, beating expectations despite oil drag
Smaller oil-sector contraction and strong private-sector growth fuel surprise rebound, but fiscal pressures loom amid Vision 2030 spending