Business
The Washington Post cut about a third of its newsroom staff, laid off roughly 300 journalists and closed several sections, including sports and international.
Investors dumped software stocks worldwide and drove steep losses in US tech shares after new AI tools raised fears the technology could erode subscription-based software business models.
The United States, the European Union and Japan announced in Washington they formed a strategic partnership to secure critical minerals and curb dependence on China, with representatives from 50-plus countries.
President Donald Trump nominated Kevin Warsh as Federal Reserve chair, pick the Senate's banking chair deemed likely to be confirmed despite warnings his balance-sheet cuts could spark a bond-market crisis.
Alphabet announced it would nearly double capital spending to as much as $185 billion in 2026 to build AI infrastructure after reporting $34.5 billion profit.
The U.S. Equal Employment Opportunity Commission opened an investigation into Nike for allegedly discriminating against white employees over diversity measures, a probe the New York Times called unprecedented.
Novo Nordisk warned investors it expected sales to fall 5–13% in 2026, citing U.S. price cuts, patent losses and increased competition, and its shares plunged.
Uber said it would introduce autonomous robotaxis in Zurich, Hong Kong and Munich this year, a move it pitched as bolstering growth amid investor worries over falling profits.
Ford and China's Geely held talks about building Geely vehicles at Ford's Valencia and other European plants, a move Handelsblatt said could help Geely avoid EU tariffs.
Nestlé expanded its recall of infant formula in France after authorities tightened limits for the cereulide toxin, and investigators said they were examining possible links to two infant deaths.
UBS executives testified before a US Senate committee after nearly 900 bank accounts linked to the Nazi regime and SS resurfaced, prompting the bank to reopen archives.
U.S. tech-stock selloff continued Wednesday, hitting software companies, particularly those competing with AI, while the sector split into some winners and losers, market participants said.
Italy’s antitrust authority fined eDreams €9 million for misleading commercial practices that used dark patterns to push consumers into its Prime subscription when booking flights and accommodation online.
Eurozone inflation fell to 1.7 percent in January, Eurostat said, driven largely by lower energy prices and fading base effects, easing pressure on the ECB.
Panama's Supreme Court annulled Hong Kong-based CK Hutchison's contracts for two Panama Canal ports, prompting China to accuse the United States of involvement and threaten legal action.
