By Deborah Mary Sophia (Reuters) – U.S. President Donald Trump’s sweeping reciprocal tariffs could hamstring Big Tech’s billion-dollar efforts to build artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, analysts said on Thursday.  Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his return to the White House earlier this year. On Wednesday, Trump slapped steep duties on … Read more…

GOTHENBURG, Sweden (Reuters) -Volvo Cars’ new top executive said on Thursday the company would produce more cars in the U.S. while ramping up its regionalisation efforts, just as a 25% U.S. tariff on global autos takes effect. European companies are scrambling to find solutions as President Donald Trump’s 25% duties on foreign cars became effective and a bigger-than-expected wall of import tariffs was unveiled on Wednesday.  Volvo Cars, which made an unexpected decision on Sunday … Read more…

PARIS (Reuters) – The U.S. administration’s tariff hikes should not derail an ongoing decline in inflation in Europe, ECB policymaker Francois Villeroy de Galhau said on Wednesday, adding that the fall boosted the case for a fresh interest rate cut. Euro zone inflation eased last month, in line with expectations, to 2.2%, zeroing in on the European Central Bank’s 2% target, Eurostat data showed on Tuesday. “This should give us more confidence to cut interest … Read more…

By Akash Sriram and Abhirup Roy (Reuters) -Tesla’s quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk’s politics, rising global competition, and people waiting for a refresh to its highest-selling electric vehicle Model Y. The stumbling sales indicate that the one-time leading brand is reeling from the fallout of the company delaying launches for years, and Musk’s foray into politics in the United States and … Read more…

MILAN (Reuters) – Tesla’s new car registrations in Italy rebounded sharply in March after a plunge the previous month to stand down 7% year-on-year in the quarter as a whole, data from the Transport Ministry showed on Tuesday. The quarterly number adds to signs that drivers are shunning Elon Musk’s electric vehicle brand as competition from China stiffens and as a form of protest against his political views. New registrations of Tesla vehicles rose 51% … Read more…

(Reuters) -China’s tech and e-commerce giant Alibaba Group is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month, Bloomberg News reported on Tuesday, citing a person familiar with the matter. The new release may arrive later in April, although the exact timing could still change, the report said. Alibaba did not immediately respond to Reuters’ request for comment. AI companies have been releasing new products at … Read more…