Nokia Appoints Justin Hotard as New CEO Amid AI Shift
Nokia (NOKIA.HE) announced on Monday that Pekka Lundmark will step down as CEO, with Justin Hotard set to take over the role on April 1. Hotard, an executive at Intel (INTC.O), brings
Meta Lays Off 4,000 Workers in Latest Cost-Cutting Move
Meta is laying off thousands of employees as part of its latest push for higher productivity, according to a Business Insider report. The cuts, affecting about 5% of the company’s workforce, will
France Unveils €109B AI Investment to Compete Globally
French President Emmanuel Macron announced a €109 billion AI investment plan ahead of the AI Action Summit in Paris, as Europe races to compete with the U.S. and China in the fast-growing
Rivian Expands Van Sales Beyond Amazon to All U.S. Fleets
Rivian (RIVN) is now selling its electric delivery vans to fleets of all sizes across the U.S., the company announced Monday. This move comes more than a year after ending its exclusive
US Stocks Rebound as Trump Announces New Steel Tariffs
Wall Street bounced back on Monday after last week’s losses, with steel stocks surging as President Donald Trump announced new 25% tariffs on steel and aluminum imports. Market Performance The gains were
Why Canada Is The Future of Uranium Mining
Data centers are expanding at an unprecedented pace, driven by the need to build and train more AI models by the day. But here’s the shocking truth: AI-driven applications like ChatGPT consume
UK Retailers Urge Government to Close Tax Loophole
Retailers and tax campaigners are calling on the UK government to close a loophole that allows companies like Shein and Temu to flood the market with cheap imports, avoiding taxes and undercutting
Strong Dollar Pressures U.S. Tech Giants’ Overseas Revenue
The strengthening U.S. dollar is creating challenges for major tech companies, which rely heavily on international revenue. As foreign currencies weaken, overseas earnings become less valuable when converted into dollars. Amazon Faces
Bank of Mexico Cuts Interest Rate to 9.5%
The Bank of Mexico (Banxico) lowered its benchmark interest rate by 50 basis points on Thursday, citing cooling inflation and economic weakness. The rate now stands at 9.5%, marking its largest cut
Stocks Slide as Tariff and Inflation Fears Rattle Markets
U.S. stocks fell sharply on Friday as concerns over tariffs and inflation spooked investors, erasing most of the week’s gains. Major Indexes Drop Stocks turned lower after President Donald Trump announced plans