Meta said Thursday it would cut about 8,000 jobs, or roughly 10% of its workforce, as the company pushes further into artificial intelligence spending while trying to improve efficiency. The company said the reductions are meant to free up resources for new investments in other parts of the business. Bloomberg also reported that Meta plans to leave about 6,000 positions…
Agreement Signed After Decades of Negotiations The European Union and Mercosur formally signed a long-negotiated free trade agreement in Asuncion, Paraguay, on Jan. 17, 2026, closing a process that stretched more than 25 years. The deal is designed to deepen commercial links at a time of widening trade frictions and a broader shift toward protectionist policies in multiple regions. Mercosur…
Canadian Prime Minister Mark Carney said Canada will reduce its 100% tariff on Chinese electric vehicles as part of an exchange for lower Chinese tariffs on key Canadian farm exports, announcing the arrangement after two days of meetings in Beijing. Carney described the recent trajectory of ties as “more predictable,” arguing the latest steps show measurable outcomes after a period…
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, reported a sharp rise in quarterly earnings as demand for advanced processors used in artificial intelligence systems continued to accelerate. The company said its October–December net profit climbed 35% year over year to 506 billion New Taiwan dollars (about $16 billion), exceeding market expectations. Revenue for the quarter increased 21%…
Lawyers for Nexperia, a Dutch-based semiconductor manufacturer, and representatives for its Chinese owners argued in an Amsterdam courtroom over whether the company should face a court-ordered investigation into alleged corporate mismanagement. The hearing took place at the enterprise chamber of the Amsterdam Court of Appeal, where the panel was asked to decide whether the threshold had been met to open…
President Donald Trump has intensified his clash with the Federal Reserve by allowing a Justice Department investigation to target the central bank and by having it served with subpoenas that raise the prospect of a criminal case, according to the dispute described by the Fed and the administration. The stated trigger is Federal Reserve Chair Jerome Powell’s June testimony to…
Canadian Prime Minister Mark Carney is traveling to China this week, a high-level visit aimed at stabilizing a relationship that has been strained for years and expanding Canada’s commercial options beyond the United States. It is being billed as the first trip by a Canadian leader to China in nearly a decade. Carney is expected to arrive on Wednesday, remain…
