Business news
- Automakers like Ford and GM are jumping into a whole new business where Tesla is a serious player - Automakers Ford and GM are trying to figure out what to do with battery factories now that EV sales are falling way short of forecasts
- Australia banned social media for under 16s a month ago — here's how it's going - The effects of a new social media ban for under 16s in Australia has been mixed so far. Some teens are embracing new habits while others are bypassing the law.
- NATO nations deploy to Greenland after tense White House talks - The joint NATO exercise comes shortly after tense talks between officials representing the U.S., Denmark and Greenland.
- European chip stocks surge after TSMC posts record fourth-quarter profit; ASML pops 7% - European stocks open broadly higher Thursday as traders digest the latest geopolitical news around Greenland and Iran.
- Amazon launches its 'sovereign' cloud in Europe and plots expansion - The Amazon Web Services (AWS) European Sovereign Cloud will be "physically and logically separate" from other AWS regions, the company said.
- UK economy surprises with stronger-than-expected 0.3% growth in November - The U.K. economy grew by a more-than-expected 0.3% in November, data from the Office for National Statistics showed Thursday.
- TSMC fourth-quarter profit beats estimates, soaring 35%, as AI chip demand stays strong - TSMCy delivered another estimate-beating quarter, with profit up 35% from a year ago as advanced chip orders tied to AI continued to dominate its business.
- U.S. freezes new immigrant visas for 75 countries: See the full list - The U.S. said Wednesday it will pause issuing immigrant visas to citizens of 75 countries over concerns that they may use public assistance in the future.
- Seizing Greenland risks 'monumental' fallout, ex-Iceland president warns, as Trump sharpens rhetoric - A U.S. attempt to seize Greenland by force would trigger "monumental consequences" for the Western alliance and the global order, said former Icelandic President Olafur Grimsson.
- Trip.com shares plunge over 20% as China opens antitrust probe into Asia's largest online travel firm - In a statement, Trip.com said it would "actively cooperate" with the investigation, and added its business operations remain normal.