AFP
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Market tracker expects brands' fear of Musk to boost X ad revenue
Emarketer on Wednesday forecast that ad revenue at X, formerly Twitter, will grow this year as brands fear retaliation by politically connected owner Elon Musk if they stay away. Emarketer forecast that Meta ad revenue will grow slightly more than 11 percent in the United States this year.
Tesla troubles: Speed bump or early signs of impending crash?
Tesla, the Elon Musk-run auto company, has had a turbulent time recently, fueled by its chief executive's close ties to Donald Trump and increased electric vehicle competition. In his view, Tesla and Musk both enjoy the unwavering loyalty of shareholders, but to reassure them, some sort of senior executive should be appointed to take care of the day-to-day running of the company from Musk.
France's Schneider Electric announces $700 mn investment in US for AI and energy
French electrical equipment company Schneider Electric said on Wednesday it plans to invest "more than $700 million" in the United States by 2027 to boost energy security and the growth of artificial intelligence.
Trump tariffs could push up inflation: senior Fed official
US President Donald Trump's tariff plans could increase inflation by as much as 1.2 percentage points if they are fully implemented, a senior Federal Reserve official said Wednesday.
White House says Trump to announce auto tariffs Wednesday
US President Donald Trump will announce tariffs on auto imports to the country Wednesday, the White House said in a move set to fuel tensions with trading partners ahead of further promised levies next week. On Wednesday, White House Press Secretary Karoline Leavitt told a briefing that Trump will hold a press conference at 4:00 pm (2000 GMT) "to announce tariffs on the auto industry."
Canada PM Carney details fund to protect auto industry against Trump
Prime Minister Mark Carney on Wednesday announced support for "all-in-Canada" auto manufacturing, escalating trade protection in response to US President Donald Trump's threat to "shut down" the northern country's auto industry. But Trump's trade war, his repeated threats to make Canada the 51st US state, and Trudeau's departure have upended Canadian politics.
Sweden to boost defence spending $30 bn over a decade
Sweden will increase defence spending by about 300 billion kronor ($30 billion) over the next decade, the prime minister said Wednesday, calling it the nation's biggest rearmament push since the Cold War.
Apple says Indonesia iPhone sales ban ends in April
Teach giant Apple announced on Wednesday the iPhone 16 will be available in Indonesia from next month, indicating the sales ban in Southeast Asia's biggest economy had been lifted. Despite the ban on iPhone sales in Indonesia, the government had allowed the devices to be brought in if they were not being traded commercially.
US may miss out on green tech boom: Germany
Europe must seize on the "huge economic opportunities" offered by the green technology boom, Germany said Wednesday -- adding it was up to the United States if it decided to miss out. "Climate protection opens up huge economic opportunities, and we as Europeans want to seize them", she added.
AFP
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