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Tuesday, January 27, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

Technology

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.

EU and India finalize “mother of all deals” as tariffs fall and market access expands

The EU and India finalized a landmark free trade agreement aimed at cutting tariffs on most goods, easing access for services and investment, and reshaping trade ties across a combined market of about 2 billion people.

Storm Chandra batters UK and Ireland with flooding, school closures and travel disruption

Storm Chandra brought heavy rain and strong winds to the UK and Ireland, triggering flooding, rescues, school closures, flight and ferry cancellations, and widespread power outages.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Iranian Rial Plummets to Record Low Amidst Protests and Economic Strain

Iran's currency, the rial, hits a record low of 1.5 million against the US dollar amid ongoing protests and international pressure.

Xiaomi Ends Software Support for 19 Devices in 2026, Leaving Many Without Android 17

Xiaomi is set to discontinue software updates for a significant number of its devices in 2026, impacting users across its Xiaomi, Redmi, and POCO...

Alibaba’s Amap Unveils AI-Driven 3D Virtual Tours, Shaping the Future of Digital Maps

Alibaba Group’s mapping unit, Amap (AutoNavi), has introduced an innovative AI feature allowing users to experience immersive 3D virtual tours of restaurants and offline...

China Accelerates AI Ambitions: Targets Secure Core Tech Supply by 2027

China has unveiled an ambitious plan to achieve a secure and reliable supply of core artificial intelligence (AI) technologies by 2027. This strategic initiative...

China’s Shifting Stance on Nvidia Chips Amidst US-China Tech Tensions

China is reportedly signaling a potential shift in its approach to acquiring advanced AI chips from Nvidia. Following initial reports of a pause on...

Alibaba’s MAI-UI Emerges as a New Leader in AI GUI Agents, Outperforming Gemini 2.5 Pro

Alibaba's Tongyi Lab has unveiled MAI-UI, a groundbreaking family of foundation GUI agents designed to revolutionize mobile interaction. These agents demonstrate superior performance in...

Shanghai Unleashes $10 Billion Tech Offensive Amidst US-China Rivalry

Shanghai has announced a significant investment of over $10 billion (70 billion yuan) to bolster its high-tech industries, including artificial intelligence, semiconductors, and aviation....

China’s Rocket Race Heats Up: iSpace Secures Major Funding Amidst Reusable Rocket Advancements

Chinese launch startup iSpace has announced a significant Series D+ funding round of $98 million, bolstering its development of the reusable Hyperbola-3 rocket. This...

China’s Robot Sports Arena: A Glimpse into the Future of Home Humanoids

On the outskirts of Beijing, a new kind of athlete is taking the field – humanoid robots. China is rapidly advancing its humanoid robot...

Chinese AI Powerhouse MiniMax Aims for $600 Million IPO with Major Backing from Alibaba and Abu Dhabi

Chinese artificial intelligence startup MiniMax is gearing up for a significant initial public offering (IPO) in Hong Kong, aiming to raise over $600 million....

China’s AI Ascendancy: New Strategies and Breakthroughs Poised for 2026

China is making significant strides in artificial intelligence, with new training methodologies and strategic plans set to accelerate its progress in 2026. The nation's...

China’s Economy Shifts Gears: AI, Green Energy, and Niche Tourism Drive Growth

China's economy is undergoing a significant structural transformation, with emerging industries like artificial intelligence and new energy sources poised to reshape the labor market...

AI Musicians Redefine Creativity in the Streaming Era

When most bands prepare for a performance, they rely on guitars, keyboards, and drums. British AI music creator Oliver McCann, who performs under the...

TikTok U.S. Deal Framework Involves Oracle and ByteDance Investors

ChatGPT said: A framework agreement for TikTok is set to involve both new investors and existing shareholders in the platform’s Chinese parent company, ByteDance. Sources...

YouTube Surpasses $100 Billion Paid to Creators with New AI Tools

ChatGPT said: YouTube announced that it has paid out more than $100 billion to creators, artists, and media companies since 2021, highlighting the platform’s continued...

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