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Financial Markets

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UPS to cut 20,000 jobs, close facilities amid Amazon slowdown
UPS to cut 20,000 jobs on reduced Amazon deliveries as tariffs weigh

ATLANTA, Georgia: United Parcel Service is cutting 20,000 jobs and closing dozens of facilities, marking one of its biggest shakeups...

JERA to consider Alaska as a potential LNG supplier
Japan's JERA may consider Alaska as LNG supply option

TOKYO, Japan: Japan's biggest power company, JERA, says it might buy liquefied natural gas (LNG) from Alaska. This comes as Japanese...

U.S. stocks bounce higher on non-farm payrolls data
Positive jobs report lights up Wall Street

NEW YORK, New York - A better-than-expected jobs report boosted U.S. stock markets Friday.  Total nonfarm payroll employment increased...

Toyota considers major buyout of key supplier Toyota Industries
Toyota could invest in potential $42 billion buyout of key supplier

TOKYO, Japan: Toyota Motor is weighing a potential investment in a primary buyout of one of its key suppliers, Toyota Industries, the...

UK economic confidence plunges to record low, Ipsos poll reveals
Poll: Britons' confidence in economy is lowest since at least 1978

LONDON, U.K.: Britons' outlook on the economy has hit an all-time low, with public confidence plunging to its weakest point since records...

Huawei targets Nvidia with new AI chip in tech showdown
WSJ: China's Huawei develops new AI chip, seeking to match Nvidia

BEIJING, China: China's Huawei Technologies is stepping up efforts to challenge U.S. dominance in artificial intelligence hardware,...

Technology

Section
Huawei targets Nvidia with new AI chip in tech showdown
WSJ: China's Huawei develops new AI chip, seeking to match Nvidia

BEIJING, China: China's Huawei Technologies is stepping up efforts to challenge U.S. dominance in artificial intelligence hardware,...

Singapore orders Meta to block foreign election posts
Singapore orders foreigners' Facebook posts blocked before elections

SINGAPORE: Singapore has ordered Facebook's parent company, Meta, to block Singaporeans from seeing posts made by three foreigners...

TikTok plans to launch TikTok Shop in Japan soon
TikTok to enter Japan's e-commerce industry, Nikkei reports

TOKYO, Japan: TikTok is preparing to expand its e-commerce business into Japan, aiming to launch TikTok Shop in the country within...

US lawmakers subpoena Chinese telecom giants over security fears
US lawmakers subpoena China telecom giants over security concerns

WASHINGTON, D.C.: U.S. lawmakers are turning up the heat on China's biggest telecom firms, issuing subpoenas to compel their cooperation...

BMW to integrate DeepSeek AI in China models this year
BMW to integrate DeepSeek AI in new vehicles in China later this year

SHANGHAI, China: BMW is set to incorporate artificial intelligence from Chinese startup DeepSeek into its upcoming vehicle models in...

Global leaders to convene in Abu Dhabi for inaugural Governance of Emerging Technologies Summit
Global leaders to convene in Abu Dhabi for inaugural Governance of Emerging Technologies Summit

Abu Dhabi [UAE], May 3 (ANI/WAM): Under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister,...