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US farmers hit by trade war to get 'substantial' aid: Treasury chief
US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts. "You should expect some news on Tuesday on substantial support for our farmers, especially the soybean farmers," Bessent told CNBC early Thursday.
Boom or bubble: How long can the AI investment craze last?
The staggering investments in artificial intelligence keep coming: Last week, AI chip giant Nvidia announced it would invest $100 billion to help OpenAI, the frontrunner in generative AI, build data centers.
US Treasury chief says 'fully prepared' to support struggling Argentina
US Treasury Secretary Scott Bessent said Thursday that his agency was "fully prepared to do what is necessary" in support of Argentina, a week after revealing both sides were in talks over an economic aid program. Last week, Bessent announced that he was in talks with Buenos Aires on a $20 billion program of support to end a run on the Argentine peso.
Musk joins 'cancel Netflix' campaign
Elon Musk has urged his 227 million social media followers to cancel their Netflix subscriptions, accusing the streaming platform of promoting what he describes as transgender propaganda. In a later post on the issue, Musk encouraged his followers to "Cancel Netflix for the health of your kids."
Tesla car sales lifted by end of US electric auto tax credit
Tesla reported higher global third-quarter auto deliveries on Thursday, joining a broad slate of automakers seeing a surge in electric vehicles ahead of the phaseout of a US tax credit. While the figures did not break down sales by region, automakers saw a jump in US electric vehicle sales due to the September 30 expiration of a tax credit under legislation backed by President Donald Trump.
Germany reviews warship order after delays
Berlin said Friday it was reviewing a major warship order that has faced lengthy delays, as reports suggested a German group might take over the project from a Dutch shipbuilder. The contract for the six warships -- set to be the largest vessels in the German fleet -- was awarded years ago to Dutch group Damen Naval, and is reported to be worth over 10 billion euros ($12 billion).
Spain hosts record number of summer tourists
Spain welcomed a record 22.3 million foreign tourists in the key summer holiday months of July and August as the sector heads for another year of unprecedented numbers, data showed on Thursday. The 22.3 million tourists hosted over the two months smashed the previous high mark of 21.8 million in 2024 -- a year that saw a record 94 million foreign visitors flock to Spain.
OpenAI valuation soars to $500 bn in private share sale: reports
The valuation of ChatGPT developer OpenAI soared to a chart-topping $500 billion in a deal for employees to sell a limited number of shares, financial media reported Thursday. A gaggle of investors snapping up the shares included Japanese investment giant SoftBank, the Financial Times and Bloomberg reported, citing people familiar with the transaction.
UK supermarket Tesco lifts profit outlook on competitive prices
Britain's largest retailer Tesco on Thursday raised its 2025/2026 profit guidance as the supermarket chain won customers with competitive prices. Increased competition in the UK market had led Tesco in April to lower its profit guidance.
AFP
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