Economics
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.
The European Parliament resumed consideration of a US-EU trade agreement in Strasbourg after President Trump retreated on Greenland, and lawmakers demanded guarantees Washington would not threaten European sovereignty.
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.
Volkswagen and Stellantis urged EU policymakers in Brussels to create a “Made in Europe” label for electric cars to protect jobs, boost innovation and preserve continental production.
Germany streamlined housing subsidies into two KfW programs to speed construction, while U.S. lawmakers advanced bipartisan measures aimed at rewarding new building and cutting red tape.
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.
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.
