Spending on artificial intelligence helped give some Chinese tech companies a boost in the first quarter, despite economic headwinds. “The standout for this [first quarter] reporting season was the growth in cloud business for Alibaba and Baidu ,” said Brian Tycangco, an analyst at Stansberry Research. Alibaba said earlier this month its cloud revenue in the latest quarter rose by 18% year on year , while Baidu on Wednesday said its AI cloud business grew by 42% . “At these rates of growth, cloud business is poised to become the 2nd largest business segment for both companies,” Tycangco said. “More…
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Russia targeted Ukraine overnight with one of its largest drone and missile barrages of the war, killing at least 12 people and injuring dozens in hourslong attacks on cities and villages across the country, Ukrainian officials said on Sunday.It was the second large-scale attack in two nights, part of a broader escalation by Russia in recent months that has brought a spike in civilian casualties even as the Trump administration pushes for a cease-fire. Ukraine has also stepped up its own air attacks on Russian territory, though on a smaller scale and with far fewer civilian deaths.Ukraine’s Air Force said…
Japan’s prime minister, Shigeru Ishiba.Bloomberg | Bloomberg | Getty ImagesJapanese Prime Minister Shigeru Ishiba on Sunday said Tokyo aims to advance tariff talks with the United States, with the goal of achieving an outcome during the Group of Seven summit next month.Japan’s top tariff negotiator Ryosei Akazawa held a third round of Japan-U.S. talks in Washington on Friday.Speaking to reporters in Kyoto, Ishiba said there has been progress in negotiations, pointing to discussions on trade expansion, non-tariff measures and economic security.”We will continue to further refine our discussions with the G7 summit in mind,” he said.Ishiba on Friday held a…
A massive Russian drone-and-missile attack targeted the Ukrainian capital, Kyiv, and other regions in the country for a second consecutive night, killing at least 12 people and injuring dozens, officials said early Sunday.The scale of the onslaught was stunning — Russia hit Ukraine with 367 drones and missiles, making this the largest single aerial attack of the more than three-years-long war, according to Yuriy Ihnat, a spokesperson for Ukraine’s Air Force.In all, Russia used 69 missiles of various types and 298 drones, including Iranian-designed Shahed drones, he told The Associated Press.It was “the most massive strike in terms of the number…
Lee Jae-myung, mayor of Seongnam city, on Nov. 23, 2016. Lee is rising in opinion polls with about a year to go until South Korea’s next presidential election. He wants to break up the country’s biggest companies, meet unconditionally with North Korean leader Kim Jong Un, and throw President Park Geun-hye in jail over an influence-peddling scandal.SeongJoon Cho / Bloomberg / Getty ImagesSouth Korean presidential frontrunner Lee Jae-myung said on Sunday the deadline to reach a deal with the U.S. on President Donald Trump’s trade tariffs needs to be reconsidered to find a mutually beneficial agreement between the two allies.Tariff…
UK Prime Minister Keir Starmer and his wife Victoria Starmer serve tea and cake in Downing Street on May 5, 2025 in London, England.Peter Nicholls | Getty Images News | Getty ImagesA year into the job, U.K. Prime Minister Keir Starmer has scored some key wins, including recently signing major trade deals with the U.S., India and European Union that will boost the British economy and wages.Opinion polls paint a different picture of his success.A survey by pollster YouGov, published in mid-May, showed that the British public’s approval the prime minister has plummeted to a record low, with 69% of…
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President Donald Trump is ordering a major overhaul of the National Security Council that will shrink its size, lead to the ouster of some political appointees and return many career government employees back to their home agencies, according to two U.S. officials and one person familiar with the reorganization.The number of staff at the NSC is expected to be significantly reduced, according to the officials, who requested anonymity to discuss the sensitive personnel matter.The shake-up is just the latest shoe to drop at the NSC, which is being dramatically made over after the ouster early this month of Trump’s national…
U.S. travel to Portugal has boomed in recent years, and it’s now the No. 1 country where Americans are hoping to move abroad.That’s according to a survey of 116,363 Americans who looked into leaving the U.S. throughout 2024 administered by Expatsi, a company that provides relocation tours and expat resources.Visitors to Expatsi’s website are invited to complete a 20-question assessment to see which country might suit them best, based on their lifestyle preferences (like weather and local policy), future plans (like studying or working), financial means and other factors.Survey-takers are asked about the countries they’re most interested in learning more…
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty ImagesPresident Donald Trump touted his administration’s changes to the military during a commencement address at the U.S. Military Academy at West Point on Saturday that at times resembled a campaign-style speech.”You are the first West Point graduates of the golden age of America,” Trump, wearing his trademark red, ‘Make America Great Again’ hat, said to the graduating class.”This is the golden age, and you are going to lead the army…
