NEW YORK (AP) – SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world’s first trillionaire.
NEW YORK (AP) – Macy’s reported its fourth consecutive quarter of comparable sales gains as the department store said an overhaul of its merchandise and better customer service is resonating with customers.
BRUSSELS (AP) – European Union leaders, worried about the continent relying too heavily on American companies for AI and cloud computing services and Asia for microchips, are pushing back. The 27-nation bloc unveiled a “tech sovereignty” package on Wednesday with measures to promote homegrown European alternatives to Big Tech services and hardware.
Excerpts from recent editorials in the United States and abroad:
HONG KONG (AP) – General Mills is selling its Häagen-Dazs ice-cream shops in mainland China to an investor group that includes Chinese tea brand Ningji. Minneapolis-based General Mills said in a statement late Monday that the deal will allow the buyers to exclusively sell the Häagen-Dazs brand in ice cream shops and gifting businesses across mainland China.
FRANKFURT, Germany (AP) – Prolonged disruption of energy supplies from the Middle East due to the Iran war would deal a severe blow to the global economy, sending some countries into recession and spreading inflation and higher unemployment, the Organization for Economic Cooperation and Development said in a report Wednesday.
TIRANA, Albania (AP) – A massive coastal development project linked to Jared Kushner, the son-in-law of U.S. President Donald Trump, is facing growing resistance from protesters in Albania.
LONDON (AP) – Google must allow news sites to opt out of having their online content scraped to feed AI overviews and other artificial intelligence services and features for British users, regulators said Wednesday.
Japan’s Nikkei 225 index topped 68,000 for the first time on Wednesday after U.S. stocks pushed further into record territory. The dollar briefly surpassed 160 Japanese yen before slipping back slightly. Oil prices rose more than $1 a barrel. Buying of technology shares linked to the boom in artificial intelligence has been driving rallies worldwide.
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