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Amazon shares surge as AI boom drives cloud growth
Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail behemoth reported better than expected earnings, powered by surging demand for its cloud computing services.
Saudi chases AI ambitions with homegrown firm pitched to global investors
Powered by its sovereign wealth fund of nearly $1 trillion, Saudi Arabia is backing its new AI firm Humain, entering a highly competitive sector some fear is a bubble ready to burst.
UN climate fund posts record year as chief defends loans
The head of the UN's flagship climate fund has announced a record-breaking year for approving projects in vulnerable countries, crediting red-tape-cutting reforms for the achievement that includes a major desalination project in Jordan.
Chinese EV giant BYD says Q3 profit down 33%
Chinese electric vehicle giant BYD said on Thursday its third-quarter profit had slumped by 33 percent year-on-year, with sluggish domestic consumption piling pressure on the carmaker as it looks to expand overseas.
Shares in Jeep-maker Stellantis slump despite rising sales
Shares in Stellantis suffered a double-digit fall on Thursday as the US-European auto giant whose brands include Jeep, Fiat and Peugeot warned of financial bumps ahead. But Stellantis also warned it expects to incur charges in the second half of the year.
No GDP data released as US shutdown bites
A US federal data blackout deepened Thursday as a government shutdown halted the release of third quarter GDP figures, forcing policymakers, financial institutions and business owners to continue flying blind.
Italy court stalls Sicily bridge, triggers PM fury
Italy's government said Thursday it would address concerns over a new bridge to Sicily, after Prime Minister Giorgia Meloni condemned a court ruling against the project as an "intolerable intrusion". Meloni, leader of the far-right Brothers of Italy party, condemned Wednesday's ruling as "yet another encroachment on the jurisdiction of the government and parliament".
Novo Nordisk launches bidding war with Pfizer for obesity drugmaker Metsera
Danish pharmaceutical giant Novo Nordisk, maker of weight-loss drugs Ozempic and Wegovy, announced Thursday an unsolicited bid to acquire obesity treatment maker Metsera, topping an offer from US rival Pfizer which called the move "reckless". Pfizer called Novo Nordisk's offer a "reckless and unprecedented proposal".
Universal says struck first licensing deal for AI music
Recording industry giant Universal Music Group said Thursday it had struck a licensing deal with AI music generation startup Udio, in an industry-first tie-up aiming to launch an AI creation platform next year.
AFP
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