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Asian markets mixed after Nvidia earnings

Asian markets were mixed Thursday after AI powerhouse Nvidia's quarterly earnings beat expectations, but its shares slipped over worries about the company's stalled business in China.

Scandal facing sister of Argentina's president: 3 things to know

Public outrage is growing as an investigation digs into whether president Javier Milei's sister, Karina, accepted vast sums of cash in kickbacks from pharmaceutical sales to Argentina's disability services agency.

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Volvo Cars anticipates bumpy 2025 as demand slows

Sweden's Volvo Cars, owned by China's Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter slowdown but that the outlook for this year is tougher.

Bank of England slashes UK growth outlook amid Trump tariff threat

The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff threats and deteriorating business confidence in the UK.

EU quizzes Shein over 'illegal' products

The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.

French parliament finally adopts 2025 budget

The French parliament on Thursday finally adopted the state's 2025 budget following a tumultuous months-long process that saw the previous government toppled and the current administration survive multiple no confidence votes.

Global stocks rise on easing trade fears, company earnings

Stock markets rose Thursday on easing trade tensions and thanks to some strong company earnings, analysts said.

Gucci ousts chief designer De Sarno after sales slump

Luxury giant Gucci announced Thursday it was parting ways with its chief designer Sabato De Sarno following a sales slump, in the latest shakeup at a major European label.

Honda-Nissan merger talks 'basically over': source

Nissan's board is in favour of abandoning merger talks with Honda but calling them off has yet to be officially decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday.

US claims free passage through Panama Canal

The United States said Wednesday that its government vessels would sail for free through the Panama Canal following heavy pressure from President Donald Trump, but authorities at the waterway swiftly issued a denial.

In the English countryside, a pylon war looms

Standing by his winter wheat field on a plot of land where tall electricity pylons are set to be built, John Stacey feels far from bright about the future.

Bank of England set to cut interest rate

The Bank of England was widely expected to cut its key interest rate on Thursday to help support weak British growth even if UK inflation stays elevated.

Nigeria's lithium mining Eldorado sparks concerns

At an open-cast mine, Abdullahi Ibrahim Danjija carefully chisels away at a hunk of whitish rock before stuffing a sack with the pieces which break off the walls.

South Korea ministries, police block DeepSeek access

South Korean ministries and police said Thursday they were blocking DeepSeek's access to work computers, after the Chinese AI startup did not respond to a data watchdog request about how it manages user information.

Leading Tech Hiring Platform hackajob Launches The AI Collective to Assist Companies in Hiring Top-Tier AI Professionals

NEW YORK CITY, NY / ACCESS Newswire / February 6, 2025 / Leading U.S., U.K., and India tech hiring platform hackajob has announced the launch of The AI Collective, an exclusive network of pre-vetted top AI talent that will allow companies to quickly hire top-tier experts with proven success in machine learning, data science, and AI engineering.

First Two Modular Data Centres Online At Pathfinder Lease in Colorado

HIGHLIGHTSFirst two modular data centres (MDCs) hosting a total of 515 Bitmain S19J Pro (104T) Antminers mining bitcoin are now operational and connected via Starlink. AXP is supporting Blackhart Technologies bitcoin mining operations with co-located gas-to-power generation and on-site technical support;AXP's two gas-fired Gentec generators are producing 1.2MW of electricity from natural gas sourced from the Pathfinder #2 well. As a result of the gas flow from the well, oil production is now occurring from the Niobrara Formation. This is the first time this well has produced gas allowing oil production;AXP and Blackhart are working collaboratively to ensure the first two MDCs achieve benchmarked uptime and reliability over the trial period of 14 days. Planning is underway for the build-out of two more gas to power sites at the JW Powell and Kelce Court production hubs. When completed the combined targeted power output is 5MW/h from Gas to Power from the Company's leases in the Florence Oil Field in Colorado;A longer term goal is to scale operations to meet the power generation requirements of bitcoin miners and data centre owner/operators interested in tapping the Pathfinder Field's 2C gas resources of 0.744 Tcf(1);The Pathfinder #2 operation adds a new gas-to-power revenue stream to AXP as well as increased oil revenue.A video of the first site's bitcoin mining operation can be seen at:https://vimeo.com/1053640003/d738f51826

CIX Summit, Powered by Elevate, Announces the 2025 CIX Startup Award Recipients

TORONTO, ON / ACCESS Newswire / February 6, 2025 / The CIX Startup Awards is a showcase of Canada's premier startups that are selected and recognized by North American investors. Award recipients will pitch in person this year at the CIX Summit on March 26 at the Design Exchange in Toronto. The event attracts over 500 investors, entrepreneurs and industry leaders from across North America's technology ecosystem.

tZERO to Fully Tokenize TZROP in March 2025 Utilizing Its Special Purpose Broker Dealer Digital Custody Services

TZROP's Upgraded Blockchain-Based Technology Rails Will Offer New Utility Features, including AI-Drives Analytics, and unlock future functionality; TZROP will be first digital asset security supported by tZERO's digital custody broker-dealer, one of only two in the US

Google shares slump but other AI gains lift US stocks

Wall Street stocks forged higher Wednesday, propelled by resurgent optimism about AI while oil prices tumbled on trade war uncertainty and bearish US petroleum inventory data.

Trump signs order barring trans athletes from women's sports

US President Donald Trump signed an executive order on Wednesday seeking to ban transgender athletes from participating in women's sports, in his latest move targeting transgender people since returning to office.

French PM survives no-confidence votes

French Prime Minister Francois Bayrou on Wednesday survived two no-confidence votes in parliament, winning some breathing space after less than two months in office but still facing an uncertain future.

Trump to sign order barring trans athletes from women's sports

US President Donald Trump will sign an executive order Wednesday barring transgender athletes from women's sports, in his latest move targeting transgender people since returning to office.

Google shares slump as trade tensions rattle markets

Shares in Google parent Alphabet slumped on Wednesday as its earnings disappointed investors and it was ensnared in rising trade tensions.

Hermoso pressured to downplay kiss, brother tells Spain court

Jenni Hermoso's brother on Wednesday told the forced kiss trial of Spain's ex-football federation chief Luis Rubiales his sister was threatened with "consequences" if she did not downplay the affair.

US Postal Service halts China suspension after stoking trade fear

The US Postal Service (USPS) said Wednesday it would continue accepting packages from China and Hong Kong, hours after an order to suspend shipments over President Donald Trump's new tariffs sparked fears of major trade disruptions.

Steel decline sparks protests and a movie in Belgium

Thousands of steelworkers took to the streets of Brussels on Wednesday to demand EU help for a sector whose decline is the subject of a documentary on show at Belgian cinemas.

Oscars frontrunner 'Emilia Perez' suffers awards season crash

Rarely has a film fallen from favour so quickly: after gaining a record number of Oscar nominations for a foreign-language movie, narco-musical "Emilia Perez" has become embroiled in scandal linked to past social media posts by star Karla Sofia Gascon.

Oil giants TotalEnergies, Equinor reduce low-carbon investments

French oil and gas giant TotalEnergies said Wednesday it would reduce its low-carbon energy investments while Norwegian peer Equinor scaled back its renewables ambitions as the companies reported sharp drops in annual profits.

Tokyo police bust alleged prostitution ring targeting tourists

Japanese police said they have arrested seven people suspected of running an illegal sex business that reportedly targeted tourists in Tokyo's busy red-light district.

Baltics to cut Soviet-era ties to Russian power grid

Baltic states Lithuania, Latvia and Estonia are to disconnect from the Russian power grid on Saturday, a politically-charged move that severs their Soviet-era energy ties with Moscow.

India's Modi takes ritual dip at Hindu mega-festival

India's Hindu nationalist Prime Minister Narendra Modi made a ritual river dip on Wednesday at the world's largest religious festival, a week after a stampede killed at least 30 pilgrims.

Nissan shares fall as reports say Honda merger talks off

Nissan shares plunged on Wednesday as media reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda.

Toyota announces Lexus EV plant in Shanghai

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.

Santander reports record profit for third straight year

Spanish banking giant Santander announced record annual profits for a third consecutive year on Wednesday as a strong commercial performance offset the impact of falling interest rates.

The China Mail - Economy (English)