Author: wellingtontribune.com

Sony raised its full-year forecast after strong PlayStation 5 sales lifted revenue and profits in the December quarter, surpassing analyst expectations and driving an 18% growth.

JPMorgan CEO Jamie Dimon dismisses employee concerns over full-time office return, rejecting a growing petition and insisting remote work hurts efficiency, engagement, and creativity.

The European Commission’s 2025 agenda focuses on economic resilience, regulatory simplification, and security, with 11 legislative proposals to streamline rules and boost investment.

Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing stake.

U.S. stocks tumbled Wednesday after inflation data exceeded forecasts, raising fears of delayed rate cuts. The CPI report fueled uncertainty, sending the Dow, S&P 500, and Nasdaq lower.

The AI Action Summit in Paris saw 61 countries commit to ethical and sustainable AI, but the US and UK declined to sign the final declaration.

UNCTAD’s 2024 report warns Africa remains highly vulnerable to global shocks, urging stronger regional trade and policy reforms to unlock AfCFTA’s $3.4 trillion potential.

Europe is committing €150 billion to AI investment, aiming to accelerate innovation, drive economic resilience, and strengthen strategic sovereignty across key industries.

The EU considers retaliatory action if the US enforces tariffs on steel and aluminum, stating such measures are unjustified and urging Washington to provide official details.

Backed by €578 million investment, Austria’s Industrial Hydrogen Valley will enhance green hydrogen output, cutting emissions and advancing industrial decarbonization.