Business
The Washington Post cut roughly one-third of its staff, laying off hundreds of journalists and closing its sports, international and local desks amid cost-cutting.
Investors sold software stocks on markets worldwide, citing new AI tools such as Anthropic’s Cowork that could erode subscription software revenues, analysts said.
President Donald Trump's tariffs began to raise U.S. revenues and show tentative industrial gains, but analysts warned retaliation and heightened uncertainty could undercut those benefits.
The United States, the European Union and Japan announced in Washington a strategic partnership with more than 50 countries to secure critical minerals and reduce dependence on China.
Novo Nordisk, the Danish maker of Ozempic and Wegovy, warned of a sharp revenue decline and saw its shares plunge after citing US price pressure, patent losses and rising competition.
Global gold prices recovered, with silver also rising, as investors bought safe havens amid renewed U.S.–Iran tensions and after a recent sharp correction.
Eurozone inflation fell to 1.7% in January, the lowest since early 2021, and sharpened debate ahead of the European Central Bank’s imminent meeting on policy rates.
Nestlé expanded its recall of infant formula in France after detection of the cereulide toxin, and prosecutors opened probes into a possible link to two infant deaths.
Uber announced it would deploy autonomous robotaxis in Zurich, Munich and Hong Kong and unexpectedly in Madrid, saying the expansion aimed to reassure investors after weaker profits.
US technology stocks extended selloff Wednesday on Wall Street, with software firms suffering sharp losses amid competition from AI providers while the sector showed split winners, analyst Markus Koch said.
Ford and China's Geely negotiated building Geely vehicles at Ford's Valencia plant in Spain, a move that could let Geely circumvent EU tariffs, insiders said.
Swiss drugmaker Novartis reported higher annual profit; CEO Vas Narasimhan received a record $25 million, a bonus tied to U.S. revenue that could face pressure from proposed U.S. drug‑price cuts.
UBS posted a multibillion‑dollar profit rise after integrating Credit Suisse, raised dividends and announced thousands of job cuts, but shares fell amid capital and regulatory concerns.
Infineon kaufte für 570 Millionen Euro Teile des Sensorsgeschäfts von AMS‑Osram; ein Werk in der Steiermark blieb beim Verkäufer, der Erwerb stärkte Infineons KI‑orientiertes Sensorgeschäft.
Zurich agreed to buy London-listed insurer Beazley for about £8bn on Wednesday, paying roughly a 60% premium and removing the FTSE 100 firm from the market.
Panama's Supreme Court annulled Hong Kong-based CK Hutchison's concessions for two Panama Canal ports, and Beijing accused the U.S. of involvement and said it would pursue legal action.
Norwegian house prices rose 3.6 percent in January, and economists called the gain a comeback after a lukewarm finish to last year.
Italy’s antitrust authority fined eDreams €9 million, saying the online travel agency used deceptive tactics and dark patterns on its website and app to pressure customers into Prime subscriptions.
