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Economy and business
In a significant setback for UK-based startup Nscale ahead of its planned initial public offering, Microsoft has declined an option to expand its existing Texas data centre contract, turning down a multibillion-dollar artificial intelligence partnership.
Economy and business
Swiss banking giant UBS has reduced its expenditure on external consultants by more than $800 million and eliminated 5,500 jobs as the integration of Credit Suisse approaches completion.
Economy and business
Moscow has expanded its military assistance to Tehran by finalizing a missile launcher agreement, reinforcing ties despite the ongoing pressures of the conflict in Ukraine.
Economy and business
Despite astonishing results from the midterm elections, business and financial cycles are expected to continue their downward turn regardless of political outcomes.