Block’s stock surged after the company said it would cut jobs and increase its use of artificial intelligence to improve efficiency.
Block Shares Soar as Dorsey Pushes AI and Cuts Jobs
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Technology
Chile Denies Chinese Medical Ship Care amid Rising US Pressure
Chile says it will not allow onboard care by a Chinese medical ship for its citizens. The government cited health concerns and growing pressure from the U.S. over deployment decisions.
Trump Says He May Consider Ted Cruz for Supreme Court
President Trump said he is considering nominating Senator Ted Cruz for a future seat on the Supreme Court. Cruz previously said he did not want the role, but Trump praised him at a rally.
Xiaomi Launches Safety Advisory Committee After EV Accidents
Xiaomi has created a safety advisory committee to enhance electric vehicle safety following accidents. Independent experts will evaluate and guide safety practices.
Argentina’s Senate Passes Penal Reform Bill
Argentina’s Senate passed a major penal reform bill that alters criminal procedures and sentencing. The measure now heads to the Chamber of Deputies for further debate.
OPEC+ Weighs Larger Oil Output Boost Ahead of Meeting
OPEC+ delegates say the group may consider a larger oil output increase ahead of a scheduled meeting, responding to evolving market conditions.
UBS Board Plans to Keep CEO Ermotti Longer
UBS’s board intends to keep Chief Executive Sergio Ermotti beyond his planned departure date. The move supports the bank’s response to upcoming Swiss financial rules.
Carney Visits India to Boost Trade and Mend Relations
Prime Minister Mark Carney arrived in India on a trade-focused visit. He wants to reset relations and expand Canada’s global economic partnerships.
China Slashes Anti-Dumping Tariff on Canadian Canola
China sharply reduced the anti-dumping tariff on Canadian canola to 5.9%. The lower duty aims to balance domestic industry protection with improved trade cooperation.
Topshop and THG Studios Launch AI-Driven Shoppable Catwalk
Topshop and THG Studios unveil an AI-powered shoppable catwalk. The tech allows viewers to buy items instantly as models walk the runway.
