Amazon sees AI driving AWS revenue to 600 billion dollars
Amazon chief executive Andy Jassy said artificial intelligence could help Amazon Web Services reach 600 billion dollars in annual revenue within the next decade, significantly raising his earlier forecast, according to remarks reported by Reuters. Speaking at an internal company meeting, Jassy said he had previously expected AWS to generate......
Tencent reports record revenue and shifts buyback funds to AI
Tencent Holdings reported strong financial results for the fourth quarter of 2025, with revenue reaching 194.4 billion yuan, or about 28.3 billion dollars, marking a 13 percent increase from a year earlier and slightly exceeding analyst forecasts. Net profit attributable to shareholders rose 14 percent to 58.3 billion yuan. Annual revenue......
Pakistan cancels military parade as oil crisis triggers austerity across Asia
A severe energy crisis linked to the war in Iran is forcing governments across Asia to impose emergency austerity measures, as disruptions in the Strait of Hormuz choke vital oil and gas supplies to heavily import-dependent economies. Pakistan announced it would cancel its annual Pakistan Day military parade scheduled for March 23, replacing......
AMD selects Samsung as key HBM4 supplier for next AI GPUs
AMD has named Samsung Electronics as its primary supplier of next generation HBM4 memory for its upcoming AI accelerators, deepening ties as competition intensifies in high performance semiconductor infrastructure. Chief executive Lisa Su traveled to South Korea for the first time since taking the role in 2014, signing a memorandum of understanding......
Zelensky warns Iran war is stalling Ukraine peace talks
Ukrainian President Volodymyr Zelensky said the conflict in Iran is disrupting peace negotiations over Ukraine and straining critical missile supplies needed to defend against Russian attacks. Speaking to the BBC during a visit to London on March 17, he said the situation raises serious concerns for Kyiv. Zelensky said the growing focus of......
BYD launches new Atto 2 hybrid SUV in Morocco market
BYD has introduced its new Atto 2 DM-i plug-in hybrid SUV in Morocco, marking a further expansion of its electrified vehicle lineup in the country. The model was launched in Casablanca by Auto Nejma, the exclusive distributor of BYD in Morocco. The compact SUV is built on BYD’s DM-i hybrid technology, which combines an internal combustion......
Morocco rolls out new transport aid program to offset fuel costs
The Moroccan government has introduced a new exceptional support program for freight and passenger transport operators, aiming to mitigate the impact of rising global oil prices on domestic fuel costs. The measure follows a similar initiative launched in March 2022 and is intended to limit the effects of higher hydrocarbon prices on the national......
Swiss researchers achieve record 30 percent efficiency in solar cell
Scientists from EPFL and CSEM in Switzerland have developed a triple-junction perovskite-silicon solar cell with a certified efficiency of 30.02 percent, setting a new benchmark for this class of technology. The findings were published on March 16 in Nature. The new device surpasses the previous certified record of 27.1 percent for triple-junction......
China reroutes oil shipments as Hormuz disruption reshapes energy flows
China is drawing on years of strategic preparation to cushion the impact of escalating disruptions to global oil flows, as military tensions involving Iran enter a third week. As the world’s largest oil importer, Beijing has relied on large crude stockpiles, alternative shipping routes, and rapid electrification to maintain energy stability. The......
Colombia alleges deadly border bombing as Ecuador denies responsibility
Colombia’s president Gustavo Petro has accused Ecuador of carrying out airstrikes near their shared border that left 27 people dead, escalating a diplomatic dispute between the neighboring countries. Ecuador’s government has rejected the claims, insisting its military operations have remained strictly within its own territory. The......
Hormuz traffic partially resumes as oil prices surge on Gulf attacks
Global oil prices climbed sharply on Tuesday as renewed Iranian attacks on energy infrastructure in the Gulf reversed a brief decline, with Brent closing above 100 dollars per barrel and US crude gaining nearly 3 percent on the day. The rally comes as the conflict involving the United States and Israel against Iran enters its third week,......
BHP appoints Brandon Craig as next CEO to drive growth strategy
BHP Group said Brandon Craig will become chief executive on July 1, succeeding Mike Henry after more than six years in the role, signaling continuity in the mining company’s long term strategy. Craig currently serves as president of BHP Americas, where he has overseen growth initiatives across Canada, the United States and South America......
Trump seeks to delay Xi summit as Iran war reshapes priorities
US President Donald Trump said he has requested a one month delay to his planned summit with Chinese President Xi Jinping, citing the ongoing war with Iran as the reason for remaining in Washington. Speaking at the White House, Trump said he wanted to travel to China but considered it necessary to stay in the United States due to the conflict.......
Oil prices dip as Iraq and Kurdistan resume exports via Turkey
Global oil prices declined on Wednesday after Iraq and Kurdish authorities agreed to restart crude exports through Turkey’s port of Ceyhan, offering limited relief to a market strained by weeks of supply disruptions linked to the Middle East conflict. Brent crude futures fell about 2.2 percent to around 101 dollars per barrel, while......
Renewables cushion Europe power prices despite Iran conflict shock
European electricity markets are proving more resilient than expected to the Middle East energy crisis, as rapid expansion in wind and solar generation limits the impact of surging gas prices, according to a Bloomberg analysis. Gas prices in Europe have risen by more than 50 percent since late February, when the United States and Israel launched......