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Financial Markets

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Microsoft bans Chinese AI app Deepseek over data security fears
Microsoft denies its employees use of China's Deepseek

REDMOND, Washington: Microsoft has prohibited its employees from using Deepseek, a Chinese artificial intelligence app, citing concerns...

Air Canada cuts profit forecast amid weaker US travel demand
Air Canada lowers annual core profit forecast as US travel slows

MONTREAL, Canada: Air Canada has cut its annual core profit forecast and missed first-quarter revenue estimates, citing a drop in U.S.-bound...

Apple’s AI Safari push threatens Google’s iPhone search dominance
Apple offers AI search options on Safari, hits Google dominance

CUPERTINO, California: Apple's plan to introduce AI-powered search options on its Safari browser poses a major challenge to Google,...

Foreign workers drive post-pandemic growth in eurozone: ECB
Foreign workers a key driver of eurozone growth

FRANKFURT, Germany: Foreign workers have emerged as a critical force behind the euro zone's economic growth since the pandemic, offsetting...

Trump trade agreement sends Wall Street soaring
Dow Jones soars 1,161 points as U.S. stocks surge

NEW YORK, New York - U.S. stocks surged on Monday following news that the Trump administration had agreed to a 90-day reduction of...

De-escalations in India, Pakistan, China and U.S. fuel Asian stocks rally
Stocks in Asia surge on India-Pakistan, China-U.S. ceasefires

SYDNEY, NSW, Australia - Stocks in Asia and the pacific have closed significantly higher following ceasefires in India-Pakistan hostilities,...

Technology

Section
Microsoft bans Chinese AI app Deepseek over data security fears
Microsoft denies its employees use of China's Deepseek

REDMOND, Washington: Microsoft has prohibited its employees from using Deepseek, a Chinese artificial intelligence app, citing concerns...

FDA to roll out AI across all centers by June 30
US FDA centers to deploy AI internally, following experimental run

WASHINGTON, D.C.: The U.S. Food and Drug Administration (FDA) said this week it will start using artificial intelligence (AI) in all...

AWS to invest $4 billion in first Chile data centers
Amazon to spend $4 billion on cloud infrastructure in Chile

SANTIAGO, Chile: Amazon Web Services (AWS) will invest US$4 billion to establish its first data centers in Chile, aiming to tap into...

DOJ targets Google’s AdX and DFP in antitrust case
US seeks breakup of Google's ad tech empire

MOUNTAIN VIEW, California: The U.S. Department of Justice is seeking the breakup of Google's digital advertising business, calling...

US lawmaker pushes bill to track AI chip exports
US lawmaker targets Nvidia chip smuggling to China with new bill

SAN FRANCISCO, California: A U.S. lawmaker wants to introduce a new law that would help track where advanced AI computer chips, like...

DFSA brings 18 authorities together to discuss AI, cybersecurity risks
DFSA brings 18 authorities together to discuss AI, cybersecurity risks

DUBAI, 13th May, 2025 (WAM) -- The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International...