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Amkor will spend up to $3bn this year, close to 40% of its revenue

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Amkor Technology reported record second quarter results on Monday. Revenue reached $1.9bn, up 26% on a year earlier, and net income more than tripled. Operating income roughly doubled to $200m. Earnings came in at $0.70 a diluted share, against $0.22. EBITDA reached $400m. The numbers matter less than what the company plans to do next. […]

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An AI correction is now a top global credit risk, Fitch says

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Fitch Ratings has gathered a number of the market’s quieter anxieties into a single sentence, warning that a possible AI market correction is now emerging as one of the biggest credit risks facing the global economy. The judgement comes in the agency’s third-quarter Global Risk Outlook, published this week, and it lands at a moment […]

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Nadella won’t call it a bubble. He’ll only say how it ends badly.

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Fareed Zakaria opened with the question everyone is circling. Are we in an AI bubble, and has it begun to deflate? OpenAI has promised to spend hundreds of billions while making a fraction of that, he noted. The maths does not add up. Nadella did not push back. He reframed the question as a test […]

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Shein reveals slowing profits and a quarterly loss ahead of Hong Kong IPO

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Shein has finally shown investors the numbers. In a draft prospectus filed on July 26, the fast-fashion retailer disclosed annual revenue of $41.8 billion for 2025, up roughly 8% on the year before, alongside a net profit that fell 38.7% to $2.064 billion. Growth, of a sort, bought at a visibly thinner margin. The document, cleared by […]

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SAP’s cloud is still booming, and that was enough to calm the AI-doom fears

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SAP gave investors the number they wanted. Europe’s biggest software company said cloud revenue grew 22% to €6.28 billion in the second quarter, beating forecasts, SAP announced. Its cloud backlog, a measure of future sales, jumped 26%. The stock rose more than 6% in Frankfurt. That relief is the story. SAP’s shares are down about […]

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Alphabet lifts capex guide to $205bn as Google Cloud jumps 82%

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Alphabet went into its second-quarter results on Wednesday carrying one question louder than the rest: whether the tens of billions it is funnelling into AI infrastructure has started to earn its keep. Judged by the after-hours share price, the answer was not yet. The company reported revenue of $119.8bn for the three months to June, up 24% […]

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Nokia Q2 profit climbs 18% as AI data-centre demand doubles cloud sales

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Nokia reported comparable operating profit of €434mn for the second quarter of 2026, up 18% on the same period last year and comfortably ahead of the €382mn that analysts polled by LSEG had forecast. Net sales rose 8% to €4.82bn, or 9% at constant currency, lifted by the companies racing to build AI data centres. […]

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BlackRock is raising $12bn to build Meta a data centre it will own, lend to, and rent out

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On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. The structure is the story. Who owns what BlackRock and its infrastructure and private-credit arms own 80% of the […]

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Brazil’s Pix becomes a trade flashpoint with the US, and the world is watching

Digital Marketing, Finance, Government and policy, SEO Tips, Technology, United States /

Brazil’s instant-payment system Pix has moved from a domestic success story to the centre of a trade fight with the United States, and governments elsewhere are watching how it ends. The dispute hardened in June, when the Office of the US Trade Representative (USTR) determined that Brazil’s practices around digital trade and electronic payments were “unreasonable” and […]

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PayPal board rebuffs $53bn Stripe and Advent bid as too low, sources say

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PayPal’s board reckons that a $53bn (£39bn) joint takeover approach from Stripe and the private-equity firm Advent International sells the payments pioneer short, the latest twist in a fast-moving round of payments consolidation. People familiar with the talks told Reuters the directors view the offer as inadequate and have yet to respond formally. The approach values PayPal at […]

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