Global markets face volatility amid shifting U.S. Treasury policies, while the tech sector grapples with privacy litigation and AI investment strategies.

Treasury Secretary Scott Bessent's recent market intervention to lower government borrowing costs is reportedly undermining the credibility of Federal Reserve Chairman Kevin Warsh.

Alibaba Group reported a 45% revenue surge in its cloud and AI division, as the firm accelerates its US$56 billion capital expenditure plan to capitalize on the artificial intelligence boom.

Meta Platforms is facing a landmark U.S. trial over allegations that it intentionally designed Facebook and Instagram to addict children, potentially leading to forced changes in its core features.

TikTok has reached a $400 million settlement with the U.S. Justice Department to resolve a lawsuit regarding violations of child privacy laws.

Tesla and eight other automakers have been ordered by Chinese regulators to issue massive vehicle recalls to address safety concerns regarding door exit mechanisms.

China’s domestic startup SpaceSail has raised US$1 billion to accelerate the development of a low-Earth-orbit internet network designed to compete with Starlink.

The Pakistan Privatization Commission has received 11 investor bids for the potential acquisition of a 51%-100% stake in the Gujranwala Electric Power Company (GEPCO).

Apple is reportedly implementing a round of layoffs affecting teams focused on Siri and the Vision Pro headset as the company reorganizes its priorities.