Business
The Washington Post, owned by Jeff Bezos, cut about a third of its newsroom — roughly 300 journalists — closing sports and foreign desks amid reported financial challenges.
Investors dumped software stocks worldwide, driving sharp price declines as new AI tools and heavier corporate AI spending raised fears that artificial intelligence could erode traditional software revenue models.
The United States, the European Union and Japan announced at the White House a strategic partnership to secure critical mineral supplies and curb China's dominance in those markets.
Brad Karp resigned as chairman of law firm Paul Weiss after newly released Department of Justice files showed he exchanged emails with convicted sex offender Jeffrey Epstein.
Alphabet said it would sharply increase AI-related capital spending in 2026, planning roughly €150 billion—up to about $185 billion by some accounts—for data centers and infrastructure.
President Donald Trump nominated Kevin Warsh to lead the Federal Reserve, prompting analysts' warnings of a bond-market–driven financial crisis and risking a Senate tie if one Republican defected.
The U.S. Equal Employment Opportunity Commission opened an investigation into Nike after allegations that the company's diversity policies discriminated against white employees.
Global equities fell as tech selling sent the Nasdaq to its worst two-day drop since April, while Australia's ASX weakened after miners retreated on lower commodity prices.
Uber announced plans to launch autonomous robotaxis in several cities, including Zurich, Munich and Hong Kong, although some reports named Madrid, leaving exact choices unclear.
Novo Nordisk warned investors that sales would fall as competition from Eli Lilly's weight‑loss drugs and U.S. price pressure cut demand and eroded revenue.
Statistics Austria said consumer inflation in Austria fell to 2% in January, while Eurostat showed eurozone inflation dropped to 1.7% as energy prices eased.
Tech stocks suffered renewed selling pressure on Wall Street, with software companies facing AI competition among the hardest hit, market analysts said.
Nestlé expanded its recall of infant formula in France after French authorities tightened limits for the cereulide toxin and French investigators probed a possible link to two infant deaths.
