Business

Facebook owner Meta is cutting 600 jobs in its artificial intelligence division in a move intended to streamline operations after an aggressive hiring spree, US media reported Wednesday. The job cuts will not affect the TBD Lab, an operation established by Meta CEO Mark Zuckerberg, according to reports in the …

STRASBOURG, France — EU and Chinese officials have agreed to meet in Brussels for “urgent” talks on China’s export controls on rare earths, EU trade chief Maros Sefcovic said after speaking to his Chinese counterpart Tuesday. The world’s leading producer of the minerals used to make magnets crucial to the …

Beer maker Molson Coors Beverage Company said on Monday it would cut about 400 jobs, or nine per cent of its salaried workforce in the Americas by year end as part of a corporate restructuring plan.  Company will make changes by year end, had anticipated tariff-related woes. Beer maker Molson …

Gold suffered its biggest one-day loss since the start of the Covid pandemic, only a day after setting a record high (DAVID GRAY/yahoo.com) NEW YORK — Most stock markets extended gains Tuesday on signs that China-US trade tensions were easing and as investors digested a deluge of generally good earnings. …

FILE – An AWS, Amazon Web Services, logo is displayed at LlamaCon 2025, an AI developer conference, in Menlo Park, Calif., Tuesday, April 29, 2025. (AP Photo/Jeff Chiu, File) LONDON — Amazon says a massive outage of its cloud computing service has been resolved as of Monday evening, after a …

A man walks past an electronic quotation board displaying numbers of the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on October 20, 2025. (Photo by Kazuhiro NOGI / AFP) HONG KONG — Stocks extended gains Tuesday on further signs that China-US trade tensions were easing, with Tokyo …

Chinese trade negotiator Li Chenggang attends a press conference on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. REUTERS/Louiza Vradi  BEIJING — Senior Chinese trade negotiator Li Chenggang has been removed from his post as China’s permanent representative to the …

Chinese regulators including the People’s Bank of China have advised tech giants not to move ahead with issuing stablecoins © Costfoto/NurPhoto/Getty Images CHINESE tech giants, including Alibaba-backed Ant Group and e-commerce group JD.com, have paused plans to issue stablecoins in Hong Kong after the government raised concerns about the rise of …

Nvidia CEO Jensen Huang attends a press conference by US President Donald Trump and UK Prime Minister Keir Starmer at Chequers at the conclusion of a state visit on Sept. 18, 2025, in Aylesbury, England. REUTERS PHOTO SEOUL — Nvidia CEO Jensen Huang plans to meet “global leaders and top …

A FEDERAL jury in New York has issued a nearly $21 million verdict against France’s largest bank for giving the Sudanese government access to the US financial system as it engaged in atrocities two decades ago. The woman and two men who obtained the verdict against BNP Paribas S.A. are …