Business

FTC and 22 States Sue Amazon Over Inflated Ad Auction Prices

The FTC and 22 states sued Amazon on Monday, alleging it overcharged 1.2 million advertisers by inflating online ad auction prices.

US Army Secretary Dan Driscoll Resigns After 18 Months on the Job

US Army Secretary Dan Driscoll is stepping down after 18 months, the White House said Monday, amid reported friction with Defense Secretary Pete Hegseth.

Meta May Overtake Google Search in Ad Revenue This Year, Bernstein Says

Bernstein analysts say Meta could pass Google Search in advertising revenue by year-end 2025, driven by returns on its roughly $60 billion AI spending.

PG&E Sinks 18%, Edison Falls 23% as California Wildfire Bill Omits Liability Cap

PG&E fell 18% and Edison International 23% after a California wildfire bill offered victim protections but no cap on utility liability, exposing investors

Supreme Court Lets Trump Continue $400 Million White House Ballroom Construction

A divided US Supreme Court ruled 5-4 on Monday to let the White House continue building a $400 million ballroom while lawsuits proceed. Roberts dissented.

China’s Sinochem moves to ease Pirelli standoff as US expansion faces scrutiny

Sinochem has proposed a “structured solution” to resolve a governance dispute at Pirelli, as Camfin increases its stake and Italy weighs intervention under golden power rules.

Europe’s IPO market surges to fastest start since 1995, led by major defence listing

Europe’s IPO market has started 2026 at a record pace, with early listings raising hopes of a revival as investors return and major flotations boost confidence.

Singapore expected to keep policy steady as growth beats forecasts and inflation stays contained

Singapore is expected to keep monetary policy unchanged as growth strengthens and inflation remains contained, giving MAS room to maintain a stable exchange-rate stance.

German business confidence stabilizes as outlook improves slightly and current view softens

Germany’s Ifo business climate index held steady in January at 87.6, showing cautious sentiment as expectations improved slightly while firms judged current conditions more negatively.

Ryanair profits slide after Italy fine, but airline lifts fare outlook on strong demand

Ryanair reported a sharp quarterly profit decline after taking an €85 million charge tied to an Italian antitrust fine, but the airline upgraded its fare outlook and forecast higher full-year profit on strong demand.

China’s LandSpace pushes ahead with up to $1B+ IPO to fund reusable rockets

China’s private rocket maker LandSpace is pushing ahead with a major IPO as the exchange reviews its application, aiming to raise around $1 billion or more to expand reusable rocket technology and production.

China deepens scrutiny of Meta’s $2B Manus acquisition in rare regulatory escalation

China has expanded its review of Meta’s $2 billion acquisition of AI startup Manus, widening scrutiny beyond national security to include financial and compliance checks that could force changes to the deal.

Beijing sets 4.5%–5% growth goal as China weighs lower 2026 GDP target

China is expected to set a 2026 GDP growth target range of 4.5% to 5% to gain policy flexibility, while Beijing sets a similar growth goal for the next five years.

US and Europe want Brazil’s minerals to reduce reliance on China

The US and Europe are increasing outreach to Brazil for critical minerals and rare earths, aiming to build alternative supply chains as competition for strategic resources intensifies.

Europe tightens cybersecurity rules with push to phase out risky suppliers

The EU is moving toward mandatory rules to phase out “high-risk” tech suppliers from critical infrastructure, aiming to strengthen cybersecurity and reduce strategic dependence across member states.

Foreign direct investment into China fell 9.5% in 2025, official data shows

Foreign direct investment into China dropped 9.5% in 2025 to 747.7 billion yuan, official data shows, despite higher inflows from Switzerland, the UAE and the UK.

Singapore introduces new rules to guide safe deployment of autonomous AI agents

Singapore unveiled a new Model AI Governance Framework for Agentic AI, offering guidance and safeguards for responsible deployment of autonomous AI agents in business.

Italy, Germany seek “safe supply chains” for key materials amid China concerns

Italy and Germany pledged closer coordination on critical raw materials to secure stable supply chains and curb price dominance, as Europe seeks stronger industrial resilience.

Apple Reportedly Eyes Intel Partnership for Future iPhone Chips

Apple is reportedly considering a partnership with Intel to manufacture some future iPhone chips, aiming to diversify its supply chain and reduce reliance on TSMC. Reports suggest Intel would act as a foundry for Apple-designed processors, potentially starting in 2028.

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