The Canadian regulator has announced a new tax for Google $GOOGL to cover the costs of complying with a law that requires large internet platforms to pay for news content. This decision comes amid heightened tensions between Canada and the United States over trade and digital service taxes for American tech companies.
New Tax for Google
The Canadian Radio-television and Telecommunications Commission (CRTC) stated that a significant portion of its operations will be funded by fees charged to the companies it regulates. The tax for Google will take effect on April 1 and will vary each year without an upper limit.
Key Aspects of the New Law:
CoreWeave, an innovative provider of cloud computing solutions, has recently become the center of attention regarding its imminent plans. According to reliable sources, the company is expected to submit its initial public offering (IPO) paperwork in the U.S. next week.
Projected Fundraising Target
The company is looking to secure around $4 billion from its IPO. Early projections indicate that CoreWeave's market valuation might surpass $35 billion, drawing interest from a diverse range of investors and prominent technology firms.
Baidu $9888.HK, one of the leading Chinese internet giants, has announced its acquisition of JOYY $YY, a company specializing in live streaming. The deal is valued at $2.1 billion and marks the revival of an agreement that fell through a year ago. This development reflects Baidu's ambition to solidify its standing in the rapidly evolving digital video market.
Revisiting the Deal
Initially, the companies agreed on the acquisition of YY Live back in 2020 for $3.6 billion, during a period when the demand for streaming services peaked due to the pandemic. However, the lack of necessary regulatory approvals led to the deal's collapse in January 2021.
Shares of CapitaLand Investment Ltd. $9CI.SI have shown remarkable growth, marking a significant event in Singapore's stock market over the past five months. This surge was driven by a substantial increase in the annual profit of the Singaporean real estate investment manager, instilling optimism regarding the reduction of losses from operations in China.
Increase in Net Profit
According to the company's report, CapitaLand Investment's net profit more than doubled to SGD 479 million (USD 358 million) last year, compared to SGD 181 million the previous year. While this growth did not meet projected figures, favorable results in specific sectors contributed to an increase in overall revenue.
Private Funds: Successes in managing private funds have been a key factor driving revenue growth.
Global Presence: The company's international footprint has also played a significant role, particularly in regions such as Southeast Asia.
Nvidia's $NVDA latest report for the first quarter showcased significant growth, underscoring the strong demand for artificial intelligence (AI) chips. The data released on Wednesday indicates "impressive" orders for the company's new Blackwell semiconductors. This forecast helps dispel concerns about a slowdown in spending on Nvidia's equipment, which arose following a Chinese startup DeepSeek's claim that it has developed AI models that rival Western counterparts at a fraction of the cost.
Significance of Nvidia's Latest Report
The data presented by the company holds substantial importance for the future development of the AI market. With AI's growing role across various industries, the stable high demand for Nvidia chips is a positive signal for the sector.
Amazon $AMZN has turned a new page in its technological journey by unveiling the first major upgrade to its voice assistant, Alexa, since its debut in 2014. The revamped version, now powered by generative artificial intelligence (AI), transforms Alexa from a "smart device" into a highly personalized tool that seamlessly integrates with users' daily lives. This update reinforces Amazon's ambition to remain a leader in the voice assistant market while expanding its ecosystem of interconnected products.
Why Generative AI Matters for Alexa
The integration of generative AI into Alexa is more than just a marketing move. It’s a strategic leap toward making voice assistants smarter, more intuitive, and capable of providing unique user experiences. According to Panos Panay, Amazon’s Head of Devices and Services, the enhanced Alexa—named Alexa+—will act as a versatile assistant that adapts to user schedules, preferences, and device usage.
The tech industry is undergoing rapid transformation, driven by the exponential growth of artificial intelligence (AI). As leading global companies prioritize investments in AI, Nvidia Corporation $NVDA has emerged as a key player in this innovation wave. According to Nvidia’s recently published quarterly forecast, the company anticipates strong growth fueled by demand from major clients like Microsoft $MSFT and Amazon.com Inc. $AMZN. This confidence has led to noticeable gains in the chip manufacturer’s stock performance.
Rising Demand for AI
The race to build robust AI infrastructure is intensifying, with tech giants such as Microsoft and Amazon taking significant steps toward harnessing this technology. These corporations, alongside other big players, recognize the transformative potential of AI to expand their services and capabilities. Nvidia remains central to this movement, providing essential hardware for global enterprises pursuing AI-enabled solutions.
Mercedes-Benz Group AG $MBG.DE and its subsidiaries are preparing to lay off up to 15% of their workforce in China. This decision reflects the increasing competition faced by the German automaker in the world's largest automotive market, where it is experiencing rising challenges from local manufacturers.
Key Areas of Layoffs
The most significant cuts will occur in the following divisions: Mercedes-Benz Automobile Finance Co., Beijing Mercedes-Benz Sales Service Co. These divisions are struggling to compete with Chinese banks that offer customers more favorable auto loan terms. In the current competitive landscape, Mercedes-Benz is finding it difficult to adapt to the shifting market dynamics.
On Thursday, Australia approved a deal that could mark a new chapter in the country's aviation history. Qatar Airways was granted permission to acquire 25% of Virgin Australia shares, posing a significant challenge to the national carrier Qantas $QAN.AX. For the longstanding market leader, this decision potentially means heightened competition, while for passengers, it opens up the chance for greater choice and improved service quality.
Now, after prolonged negotiations with the government, trade unions, and other industry representatives, the deal has officially come into effect. Let's delve into what it could mean for the Australian aviation market.
Key Aspects of the Deal
In recent months, the multibillion-euro sale of the outdoor advertising business by the German group Stroeer $SAX.DE has collapsed. The situation has drawn attention from markets and analysts alike, as it reflects the economic instability in Europe’s largest economy. In this article, we will examine the reasons behind the failed deal and assess the current state of the German advertising market.
Reasons for Buyer Withdrawal
Parting with such a valuable asset proved unfeasible for several reasons:
1. High Asking Price. Despite interest from private investors, two major bidders withdrew from the deal due to the high valuation. Their concerns were primarily centered on the longer return on investment period amid economic uncertainties.
Recent news from the tech world has spotlighted Nokia $NOKIA.HE and its strategic move to acquire American company Infinera $INFN for $2.3 billion. This acquisition is set to change the dynamics of the optical transport equipment market, with the European Commission already giving its unconditional approval.
Why Nokia is Acquiring Infinera
1. Expanding Market Share. With this acquisition, Nokia can become the second-largest supplier in the optical networks market, capturing a 20% market share, following Huawei.
2. Enhancing Technological Capabilities. Infinera is a leading player in producing optical semiconductors and network equipment, making this acquisition strategically important for Nokia to enhance its innovation capabilities.
The Japanese company Seven & I Holdings $3382.T, world-renowned for its famous 7-Eleven stores, has become the focal point of financial news. On Thursday, the company announced that the Ito family, its founders, failed to secure the necessary funding for a management buyout worth $58 billion. This turn of events paved the way for considering a competing bid from the Canadian company Alimentation Couche-Tard $ATD.TO , known for its global retail networks.
Why the Deal's Collapse Was Unexpected
The financing of the deal, unfortunately, turned out to be an insurmountable obstacle for the Ito family. Below are the key reasons why the management buyout process failed:
1. Lack of Capital. Junro Ito and Ito-Kogyo were unable to secure financial backing at the required level.
