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SpaceX Buys xAI in Record Deal to Fuse AI and Space Strategy

Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting transaction, uniting his AI and space ambitions under a single corporate structure. First reported last week,

03/02/2026

Technology

US Brokers Eye ETF Distribution Fees as Zero-Commission Trading Squeezes Margins

U.S. brokerage firms and custodians are considering charging distribution fees to ETF managers, signaling a potential shift in the $13.5 trillion exchange-traded fund market, according to J.P. Morgan. The move reflects pressure

03/02/2026

Finance

Gold and Silver Tumble as Fed Nomination Triggers Sharp Reversal

Gold and silver prices plunged further in early Asian trading on Monday, extending a brutal selloff that followed last week’s sudden reversal from record highs. Spot gold fell more than 9% to

02/02/2026

Finance

Indonesia Markets Slide as Investors Question Prabowo’s Economic Direction

Indonesia’s capital markets are facing mounting pressure as global investors cool on Southeast Asia’s largest economy, leaving it increasingly out of step with a broader rush into emerging markets. A sharp selloff

02/02/2026

Economy

Starbucks Turns to AI to Revive Sales and Restore Momentum

Starbucks is betting on robots and artificial intelligence to help reignite customer growth after years of sluggish sales, even as it seeks billions in cost savings and reassures investors on profitability. At

02/02/2026

Technology

Global Elections Loom as Market Volatility Risks Rise in 2026

From Japan to Brazil, a packed election calendar is set to inject fresh uncertainty into global markets already unsettled by shifting U.S. policy signals and persistent geopolitical tension. Investors are watching closely

02/02/2026

Economy

India Supreme Court Ruling Sparks Investor Fears Over Offshore Tax Deals

Foreign investors and private equity firms in India are reassessing their exposure after a landmark Supreme Court ruling strengthened the government’s hand in cross-border tax disputes, raising concerns over policy certainty and

29/01/2026

Finance

Meta to Nearly Double AI Spending as Zuckerberg Bets on 2026 Breakthrough

Meta is set to almost double its investment in artificial intelligence, signaling an aggressive push despite growing concerns of an AI bubble across the tech industry. Speaking during a call with analysts

29/01/2026

AI·Finance·Technology

Amazon Confirms 16,000 Job Cuts After Accidental Internal Email

Amazon has confirmed it will cut 16,000 jobs globally after an internal email revealing the layoffs was mistakenly sent to employees before an official announcement. The message, briefly circulated late Tuesday to

28/01/2026

Economy·Finance·Technology

Google Agrees to $68m Settlement Over Alleged Secret Audio Recordings

Google has agreed to pay $68 million (£51 million) to settle a lawsuit alleging that it recorded private conversations without users’ consent through its Google Assistant software. The class action lawsuit accused

27/01/2026

AI·Technology