BUSINESS

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration.

The EU on Wednesday slapped Apple and Meta with 700 million euros in fines for breaking digital competition rules, risking the wrath of US President Donald Trump.

The World Economic Forum confirmed Wednesday that it has launched an investigation into allegations made against its founder Klaus Schwab that reportedly prompted his resignation this week.

OpenAI is ready to buy Chrome if Google is forced to sell its popular browser as part of antitrust trial, a top executive testified Tuesday, according to media reports.

Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits.

Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years, following in the footsteps of rival Novartis, with US President Donald Trump's tariff war fuelling uncertainty in the sector.

US government attorneys urged a federal judge Monday to make Google spin off its Chrome browser, arguing artificial intelligence is poised to ramp up the tech giant's online search dominance.

IBM in the Gulf, Levant, and Pakistan, Shukri Eid explained that IBM is helping businesses use AI effectively in areas like HR, supply chain, procurement, and app development by identifying use cases that deliver strong results.

Sanaa Ouahmane, CEO of the Mobility Services division at AW Rostamani Group, emphasized that the partnership with UAEV is focused on more than just business—it aims to improve customer awareness, make EV charging more accessible, and promote sustainability.

Asian crime networks running multi-billion-dollar cyber scam centres are expanding their operations across the world as they seek new victims and new ways to launder money, the UN said on Monday.

The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.

US Vice President JD Vance began a four-day visit to India on Monday as New Delhi looks to seal an early trade deal and stave off punishing US tariffs.

The United States unveiled new port fees on Chinese built and operated ships Thursday, in a bid to boost the domestic shipbuilding industry and curb China's dominance in the sector.

Netflix on Thursday reported quarterly earnings slightly better than analysts expected, saying it is staying focused on what it can control as the overall economy is roiled by US President Donald Trump's trade war.

Nvidia CEO Jensen Huang arrived in Beijing on Thursday, state media said, days after the United States curbed sales of its H20 artificial intelligence chips to China.

Chip developer Advanced Micro Devices (AMD) on Wednesday said it expects new US licensing requirements for semiconductors exported to China to cost it as much as $800 million.

Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the central bank's chair said Wednesday.

US aviation giant Boeing, fresh off a crippling labor dispute and quality control crisis, has now found itself drawn into the escalating trade conflict between Washington and Beijing.

Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China.

Japanese authorities said Tuesday they had issued a cease-and-desist order to US tech titan Google over an alleged violation of national antitrust laws.

South Korea on Tuesday announced plans to invest an additional $4.9 billion in the country's semiconductor industry, citing "growing uncertainty" over US tariffs.

Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors.

Britain's economy grew far more than expected in February, official data showed Friday, in a rare piece of good news for the Labour government as it grapples with unpredictable US tariffs.

The UAE president, during a conversation with the EU chief, said that finalizing the CEPA will open up new opportunities for the country and the EU to work together, boost trade and investment, and build stronger connections between their business communities.

Stocks rocketed Thursday as a relief rally spread through markets after Donald Trump paused crippling tariffs on US partners, with Chinese investors even brushing off his decision to ramp up duties on Beijing to 125 percent.

Equities tumbled on Wednesday after US President Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent and sweeping measures against dozens of trading partners came into effect.

Samsung Electronics on Tuesday unveiled a record first quarter sales forecast and said it saw a better-than-expected performance for profits, beating market expectations.

Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company's proposed takeover of US Steel that was blocked by his predecessor Joe Biden.