U.S. dollar strengthens as inflation rises less than expected
The dollar gains 0.55% against the Japanese yen, reaching 148.59 yen
Puma to cut 500 jobs worldwide amid cost-reduction efforts
Puma’s sales, profits, and outlook raise concerns about its ability to compete with Adidas and Nike
Spotify pays record $10 billion in royalties in 2024
The Swedish streaming platform says that nearly 1,500 artists earned over $1 million in royalties through its service last year
White House condemns Tesla protests as “domestic terror”
Activists launch “Tesla Takedown” protests, claiming Musk’s politics impact government services and aid programs
Uber cancels $950 million Foodpanda Taiwan deal over regulatory hurdles
The FTC says Uber’s acquisition of Foodpanda would give it a 90% market share, potentially raising prices
OpenAI launches Responses API to streamline AI agent development
The launch follows increased activity from Chinese AI startups introducing new models
Airtel signs with SpaceX to bring Starlink to India
MUMBAI: Indian telecom operator Bharti Airtel said on Tuesday it had signed an agreement with Elon Musk’s SpaceX to bring Starlink’s satellite...
Indonesia’s central bank uses Ramadan sermons to preach on inflation
Move is part of Bank Indonesia's strategy to enlist preachers to warn against overconsumption and potential price pressures during Ramadan
Cyberattack cripples X, Pro-Palestinian hacker group Dark Storm claims responsibility: report
A massive cyberattack against X… Either a large, coordinated group and/or a country is involved, says Musk
US stock market loses $4 trillion in value as Trump plows ahead on tariffs
S&P 500 down over 8% from Feb 19 all-time high; Nasdaq confirmed 10% correction from its Dec peak last week; Tesla loses more than $125bn in value in one day
Bitcoin falls below $80K amid $270M liquidation: What lies ahead for BTC?
The cryptocurrency faces intense downward pressure, with analysts questioning if the worst is over or if further declines are imminent.
China’s consumer prices decline at fastest rate in 13 months amid economic struggles
BEIJING: China’s consumer prices fell at the sharpest pace in 13 months in February, while producer price deflation continued, reflecting a decline...
Eli Lilly plans launch of weight-loss drug in emerging markets in 2025, CFO says
Eli Lilly plans to launch its blockbuster diabetes and weight-loss drug, Mounjaro, in countries like China, India, Brazil and Mexico in 2025,...
Oil prices decline amid U.S. tariff uncertainty and rising output
Brent crude falls by 44 cents to $69.92 per barrel, while U.S. West Texas Intermediate (WTI) crude drops 40 cents to $66.64
Trump administration launches app for self-deportation option
The app offers individuals the option to signal their "intent to depart," providing an opportunity to leave U.S. and possibly return legally in the future