Business news
- Will he stay or will he go? Powell is not saying whether he'll stay on Fed board when chair term ends - Fed Chair Jay Powell has so far skirted the question of whether he'll stay on with the Fed when his term ends this year.
- Buffett, in final interview as CEO, says Berkshire has the best odds of any company for lasting a century - Berkshire has "a better chance I think of being here 100 years from now than any company I can think of," Buffett said.
- Orsted files legal challenge over Trump's halt to $5 billion offshore wind project - Shares of Orsted, the world's largest developer of offshore wind farms, rose more than 4% on the news.
- Trump says U.S. will intervene if Iran 'violently kills' protestors - Protests erupted last week over the government's handling of a sharp fall in the nation's currency and soaring prices.
- China’s BYD poised to overtake Tesla as world’s top EV seller for the first time - The milestone would cap an extraordinary rise for BYD, a company Tesla's Elon Musk once dismissed by laughing at their products.
- European stocks poised to start 2026 in positive territory; gold and silver prices rally - European markets were set to kick off the first trading day of the year on a positive note.
- China’s ‘Silicon Valley’ is building robots and fortune-telling AI apps at the same time - Hangzhou’s AI ecosystem now spans everything from cutting-edge robotics to experimental apps built by solo founders.
- Shares of KFC and Pizza Hut Indian operator Devyani jump on merger with rival franchisee Sapphire - Two major franchisee operators for Yum!Brands in India will merge to create a single unified franchisee for KFC & Pizza Hut in the country
- Baidu’s semiconductor unit Kunlunxin files for Hong Kong listing amid AI chip boom in China - Baidu has announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list the new firm on the Hong Kong Stock Exchange.
- Singapore fourth-quarter GDP jumps 5.7%, beats expectations on strong manufacturing - The advance figure was also up from the 4.2% growth in the quarter before, and pushed the country's full year GDP to 4.8%