Latest Business News
China Defends Growth Model at Davos, Aims to Be 'World’s Market'
At Davos 2026, China defended its economic growth model amid global scrutiny, highlighting a $1.2 trillion trade surplus and inviting participation in its domestic rebound. Officials unveiled loan perks to boost investment and consumption, while targeting tech breakthroughs in AI chips.
This comes as trade talks with the US may intensify.
Trump Brings Greenland Security Fight to Davos
Former President Trump is addressing Greenland security issues at Davos 2026, with discussions featuring Steve Witkoff. Air Force One delays impacted his travel, but he plans to speak on key topics.
This ties into broader US-China trade and security dialogues.
Xiaomi Reports 81% Jump in Q3 Profit on EV Sales Boom
Xiaomi announced an 80.9% profit surge in the third quarter, driven by strong electric vehicle sales and innovative initiatives. This marks the first net gain from EV operations in a single quarter.
The results highlight China's EV sector momentum.
AkzoNobel and Axalta to Merge into $25 Billion Paint Giant
AkzoNobel, maker of Dulux paint, and Axalta Coating Systems announced a merger creating a $25 billion enterprise. AkzoNobel shareholders will receive a 2.5 billion euro dividend.
The deal aims to strengthen market position in coatings.
Hyundai Pledges Record $85.8 Billion Investment in South Korea
Hyundai Motor Group plans $85.8 billion investment over five years in AI, robotics, and EVs to boost South Korea's innovation and exports. This massive commitment underscores Asia's tech ambitions.
It targets cutting-edge technologies for global competitiveness.
Stocks Fall on Tariff Fears as Gold and Silver Hit Records
Global stocks declined due to fears of new US tariffs, while gold and silver reached record highs. Supply chain concerns, especially from China, persist amid Davos talks.
Metals like those in manufacturing remain tied to existing chains.
Apple Tops 2026 World's Most Admired Companies List
Apple ranked No. 1 on Fortune's 2026 World's Most Admired Companies list for the 19th year. Amazon, Microsoft, and Nvidia held steady, but some leaders slipped.
The list reflects ongoing corporate reputation amid economic shifts.
Gates Foundation and OpenAI Launch $50M AI Healthcare Initiative for Africa
The Gates Foundation and OpenAI unveiled the $50 million Horizon1000 initiative to advance AI in African healthcare. Bill Gates reaffirmed AI's revolutionary potential.
This partnership targets global health innovations.
Google DeepMind CEO: China Caught Up with US but Lags in Frontier Innovation
At Davos, Google DeepMind CEO Demis Hassabis stated China has caught up significantly with the US in AI but has yet to innovate beyond the frontier. Discussions highlighted intensifying AI competition.
China aims for breakthroughs in AI training chips.
Netflix Co-CEOs Address Investor Fears Over Warner Bros. Bid
On Netflix's earnings call, co-CEOs expressed confidence but couldn't fully ease investor concerns about the Warner Bros. acquisition bid. The deal raises questions on scale and strategy.
Warner eyes spinoffs amid negotiations.
Salesforce's Marc Benioff Challenges AI Sector on Priorities at Davos
Billionaire Marc Benioff questioned if AI growth trumps child welfare, criticizing Section 230 at Davos 2026. He called for scrubbing the 'original sin of the internet.'
This reflects tech leaders' ethical debates.
Alphabet's CapitalG Promotes First General Partners in Over a Decade
Alphabet's CapitalG named Jill Chase and Alex Nichols as general partners, the first since 2013. This move bolsters the firm's leadership in venture investments.
It signals confidence in tech funding amid AI boom.