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Global central banks have issued a rare unified statement backing Fed Chair Powell. In an extraordinary development, monetary policymakers from the United States, Europe, the UK, Canada and beyond have publicly defended central bank independence against growing political interference from the Trump administration.
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Tesla has agreed to mediation with the US Equal Employment Opportunity Commission over a racism lawsuit. The move could settle years of claims about harassment of Black employees at its Fremont plant — a case now central to the company’s culture and compliance scrutiny.
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Meta appoints Dina Powell McCormick to a key leadership role. Powell McCormick, previously on Meta’s board, will now focus on global strategy and AI infrastructure expansion. Her financial expertise and government experience will support Meta’s ambitious AI development plans.
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December’s US M&A docket favoured scale, infrastructure, and control decisively. Netflix’s $82.7bn Warner Bros. deal set the tone, while IBM paid up for Confluent’s data-streaming backbone. ServiceNow’s $7.75bn Armis move underscored platform-driven security consolidation. Private equity returned via Clearwater Analytics, and Alphabet’s Intersect purchase highlighted power as an AI constraint.
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The U.S. consumer watchdog faces paralysis as funding cuts bite. A judge has ordered the Trump administration to restore payments to the Consumer Financial Protection Bureau, halting its attempt to defund the agency as tensions over America’s regulatory future intensify.
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John Carreyrou files a federal lawsuit against six AI developers. The complaint alleges the companies used copyrighted books, including his own work, without consent to train their chatbots — opening a new front in the industry’s deepening legal battle over training data.
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ByteDance signs binding deal to form TikTok US joint venture. The Chinese owner of TikTok has agreed to transfer operational control of its American app to a newly formed joint venture with US and international investors, aiming to satisfy regulatory concerns and prevent a potential nationwide ban.
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Glance’s new report shows trust matters most in 2026. The customer experience specialist’s latest data reveals that, despite rapid AI adoption, consumers continue to prize clarity and resolution over speed — with trust emerging as the defining measure of successful service interactions.
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Tesla’s November sales slump marks more than a U.S. policy hiccup. Across Europe, its once-dominant market share is eroding fast. The company’s 2025 trajectory suggests a deeper challenge — competition, sentiment, and an ageing product lineup. EV fatigue may be setting in.
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Fervo Energy secures $462 million for geothermal projects expansion. The funding supports Utah’s Cape Station project and other initiatives, with new and returning investors including Google and Breakthrough Energy Ventures. Fervo aims to meet surging clean energy demand with its innovative solutions.