BRUSSELS — The European Union agreed a 6-month extension Monday for a raft of sanctions aimed at depriving Russia of funds to finance its war against Ukraine after Hungary lifted its objections to the move. The sanctions target trade, finance, energy, technology, industry, transport and luxury goods. They include a ban on the import or … Read more
An asset manager is seeking to quash Nippon Steel’s takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company. Ancora reported acquiring a 0.18% stake in the Pittsburgh company and said Monday that the board of U.S. Steel and its CEO David Burritt have prioritized the … Read more
MADRID — Spain attracted a record 94 million tourists last year, making the Southern European nation famous for its Mediterranean coastline, sweeping landscapes and historic cities among the most visited countries on earth. The surge in visitors has stoked complaints at times from some Spaniards about “overtourism, ” with concerns about overcrowding, water use and … Read more
WASHINGTON — The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates. Fed officials, led by Chair Jerome Powell, have cut their rate for three meetings in a row, to about … Read more
Investors dumped technology stocks in premarket trading Monday, sending U.S. indexes sharply lower after Chinese artificial intelligence startup DeepSeek demonstrated a chatbot that it says rivals the top versions from OpenAI and Google for a fraction of the cost. Futures for the S&P 500 sank 2.3% before the bell, while futures for the technology-heavy Nasdaq … Read more
A year after the launch of the short-lived Coca-Cola Spiced, Coke is adding another new flavor to its lineup. Coca-Cola Orange Cream is scheduled to go on sale Feb. 10 in the U.S. and Canada. It will be sold in regular and zero sugar varieties. Atlanta-based Coca-Cola Co. said Monday that it developed the soda, … Read more
The DeepSeek effect Markets are on edge on Monday, as global tech investors face a $1 trillion wipeout. The cause: anxiety that the emergence of powerful — and cheap — Chinese artificial intelligence software could upend the economics of A.I. Nasdaq futures have plummeted nearly 4 percent. And shares in Nvidia, the chipmaker whose processors … Read more
Stock markets fell sharply on Monday, dragged down by fears that advances in artificial intelligence by Chinese upstarts could threaten the moneymaking power of global technology giants. The Chinese A.I. company DeepSeek has made waves by matching the capabilities of cutting-edge chatbots while using a fraction of the specialized computer chips that leading A.I. companies … Read more
Last month, during the thick of the holidays, I found myself in a rare though not totally unprecedented predicament: I wasn’t sure which way to bet on the stock market in the year ahead. In my December column, I told you there were three possible 2025 outcomes – all of them seemingly likely, and to … Read more
When a group of prominent Chinese doctors publicly raised worries last week about the quality of domestic drugs, China’s government sent officials to investigate. But now data about the drugs that appeared on a government website as recently as Friday is no longer publicly available. A social media post from a doctor who scrutinized the … Read more