NEWS
Italy’s Factory Slump Continues in January, PMI Signals Fragile Outlook
By Axel Miller | 02 Feb 2026
Italy’s factory sector stayed in contraction in January as PMI data showed weak demand despite slight stabilisation, raising concerns over fragile economic recovery.
Iran reviews diplomatic channels with U.S., signals possible progress soon
By Cygnus | 02 Feb 2026
Iran says it is reviewing multiple diplomatic channels with the U.S. and hopes for near-term progress as tensions remain high and military pressure grows.
Russia’s pipeline gas exports to Europe jump 10% in January as TurkStream becomes sole route
By Axel Miller | 02 Feb 2026
Russia’s pipeline gas exports to Europe rose 10% in January 2026 via TurkStream, though overall flows remain near historic lows after transit routes shut.
Musk says steps to block Russia’s use of Starlink appear to be working
By Cygnus | 02 Feb 2026
Elon Musk says SpaceX’s efforts to block Russia’s unauthorized use of Starlink are working as Ukraine tightens controls over the critical battlefield internet network.
Alibaba to spend $431 million on Lunar New Year AI push as China chatbot race intensifies
By Axel Miller | 02 Feb 2026
Alibaba will spend $431 million promoting its Qwen AI chatbot during the Lunar New Year, far outpacing Tencent and Baidu as China’s AI user race intensifies.
Oracle to Raise Record $50 Billion War Chest for AI Cloud Expansion
By Cygnus | 02 Feb 2026
Oracle plans to raise up to $50 billion in 2026 to rapidly expand cloud infrastructure for booming AI demand, marking one of the largest funding pushes in tech history.
World Bank to Commit $8–10 Billion Annually to India Under New Five-Year Partnership
By Cygnus | 30 Jan 2026
The World Bank will commit $8–10 billion annually to India over the next five years under a new partnership focused on jobs, infrastructure, and private investment-led growth.
India Sets February 5 Deadline for Financial Bids in IDBI Bank Privatization
By Axel Miller | 30 Jan 2026
India has set a February 5 deadline for financial bids in the privatization of IDBI Bank, moving closer to selling a controlling 60.7% stake in the state-backed lender.
Sandisk forecasts profit surge as AI boom drives flash storage demand
By Axel Miller | 30 Jan 2026
Sandisk forecasts a massive profit surge as AI data centers drive soaring demand for flash storage, highlighting how the AI boom is now lifting the entire hardware stack.
Trump threatens aircraft tariffs and Canadian plane decertification in Gulfstream dispute
By Cygnus | 30 Jan 2026
Trump threatens 50% tariffs on Canadian-made aircraft and raises decertification risks amid a dispute over Gulfstream jet approvals, shaking the North American aerospace industry.
Amazon in Talks to Invest Up to $50 Billion in OpenAI as AI Funding Race Intensifies
By Axel Miller | 30 Jan 2026
Amazon is in talks to invest up to $50 billion in OpenAI as the AI funding race escalates, potentially valuing the ChatGPT maker near $830 billion and reshaping the global AI infrastructure battle.
China Conditionally Clears DeepSeek to Purchase Nvidia H200 AI Chips
By Cygnus | 30 Jan 2026
China has conditionally approved AI startup DeepSeek to buy Nvidia’s H200 chips, signaling a strategic shift to boost AI growth despite chip self-reliance goals.
