Business today turned on power, scale and the scramble for the AI economy. In Washington, the Supreme Court temporarily blocked President Trump from removing Fed Governor Lisa Cook, a narrow but important signal that the central bank’s independence still has judicial backing even...
Business today turned on power, scale and the scramble for the AI economy. In Washington, the Supreme Court temporarily blocked President Trump from removing Fed Governor Lisa Cook, a narrow but important signal that the central bank’s independence still has judicial backing even as the broader fight over presidential authority continues. Corporate boards, meanwhile, kept chasing efficiency and reach: BT and Verizon unveiled a 50-50 venture to serve multinationals across 180 countries, while British American Tobacco said it will cut or outsource 9,000 roles as it trims costs and adapts to shrinking cigarette demand. In Asia, the bigger story was industrial ambition, with Samsung and SK Hynix tied to vast South Korean plans for AI chips and data centers, underscoring how national competitiveness is increasingly being measured in semiconductors and compute. That helps explain why markets in China, India and Hong Kong are losing concentration at the top: without clear AI champions, capital is spreading elsewhere.
Top Business stories
- Supreme Court blocks Trump from firing Fed Governor Lisa Cook, sends case back (28 sources)
- BT and Verizon form 50-50 joint venture for international enterprise connectivity (11 sources)
- British American Tobacco to cut 9,000 jobs and outsource roles to cut costs (8 sources)
- Amazon expands rapid delivery in India as Eternal and Swiggy shares fall (5 sources)
- BPCL to acquire 40% stake in Tiki Tar and Shell India for ₹85 crore (5 sources)
- Samsung and SK Hynix to invest hundreds of billions in South Korea’s AI chip and data center buildout (5 sources)
- China, India and Hong Kong see top firms’ market-cap share fall amid AI lag (5 sources)
- Bitcoin ETFs record largest-ever monthly outflows, totaling about US$4.1 billion (4 sources)
Drew Drafton
Author at IfHighLow
