Finance
AI Summary
- The AI and tech sector is seeing a surge in mergers and acquisitions, with Elon Musk's SpaceX acquiring xAI, massive funding rounds for Waymo, and significant growth for companies like Palantir and Oracle driven by AI demand.
- Global trade relationships are recalibrating, evidenced by new agreements like the US-India and EU-India trade deals, and China's reduction of tariffs on UK whisky, signaling shifts in international economic policy.
- Geopolitical tensions continue to impact energy and defense, with diplomatic efforts in regions like the Middle East, restrictions on critical technologies, and crackdowns on sanctioned oil shipments affecting global markets and stability.
- Strategic competition between major powers, particularly the US and China, is influencing global supply chains and infrastructure, as seen with China's conditional approval of Nvidia chips and a key Panama Canal ports ruling.
- The UK economy is experiencing political uncertainty, leading to fluctuations in gilt yields and sterling, despite a noted decrease in government borrowing and the expectation that Chinese imports will help manage inflation.
Sources
Wall Street Journal
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Epstein Scandal Sends Shockwaves Through the British Establishment
5 hours ago
by Max Colchester
British Prime Minister Keir Starmer urged the U.K.’s former Ambassador to the U.S. Peter Mandelson and former Prince Andrew to cooperate with U.S. authorities.
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U.S., Iran Poised to Meet for Talks
7 hours ago
by Benoit Faucon
A flurry of diplomatic activity reflects concerns that military action could destabilize the region.
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Musk’s SpaceX Restricts Starlink for Russian Drones
7 hours ago
by Anastasiia Malenko
The world’s richest man has repeatedly become entangled in the four-year conflict as his Starlink is key to Ukrainian military communications.
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Gaza’s Border With Egypt Reopens, but Few Palestinians Make It Across
9 hours ago
by Feliz Solomon
Only a handful of Palestinians made it through the crossing as security screenings took longer than expected, causing delays.
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Costa Rica Elects a Conservative as Latin America Shifts to the Right
10 hours ago
by Ryan Dubé
President-elect Laura Fernández has pledged to implement a hard-line security strategy as Costa Rica grapples with drug-fueled violence.
Financial Times
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SpaceX buys xAI in $1.25tn deal to unite crucial parts of Musk’s empire
3 hours ago
by FT Client Support
Rocket company boosts valuation to $1tn and pays $250bn to acquire AI start-up as Musk envisions data centres in space
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ICE agents hate being filmed
14 hours ago
by FT Client Support
Trump administration accused of trampling First Amendment by targeting Americans recording immigration raids
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Wanted: CEOs with backbone
20 hours ago
by FT Client Support
The killing of Alex Pretti in Minneapolis is a moment for leaders to challenge America’s direction
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This is what a proper Brexit looks like
7 hours ago
by FT Client Support
Prosperity and security will be driven by removing unnecessary barriers that hold businesses back
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Epstein asked for Snow White costume weeks before Jes Staley email
11 hours ago
by FT Client Support
Former Barclays chief has insisted he had no recollection of what Disney character reference was about
CNBC
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Palantir beats fourth-quarter estimates on the strength of AI and defense demand
3 hours ago
Palantir topped Wall Street's fourth-quarter estimates as more businesses and the U.S. government race to buy its artificial intelligence tools.
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Trump says U.S. and India reached trade deal, will lower tariffs immediately
5 hours ago
The U.S. and India have reached a trade deal to lower tariffs, President Donald Trump announced.
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Elon Musk's SpaceX acquiring AI startup xAI ahead of potential IPO
2 hours ago
Musk is combining rocket maker SpaceX with his AI startup, the largest tie-up in his expansive business portfolio.
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Friday's jobs report will be delayed because of the partial government shutdown
7 hours ago
Following last year's record shutdown, the BLS also was forced to delay a number of its releases.
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South Korea stocks jump 5%, activating trading halt as Asia markets rise on U.S.-India trade deal optimism
36 minutes ago
Asia-Pacific markets rose after U.S. President Donald Trump said Washington and India had struck a trade deal.