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Alibaba and other tech giants have enjoyed a revival in recent months, after being hit by a long-running government crackdown

China's Alibaba To Invest $50 Bn In AI, Cloud Computing

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.
Tesla, whose electric Cybertruck is pictured, is a potential manufacturer of 'armored electric vehicles' for the US government

US State Dept Walks Back Purported $400 Mn Tesla Contract

The US State Department backtracked Thursday on a document saying it would award $400 million for electric armored cars by Tesla, whose chief Elon Musk has been aggressively slashing government spending on behalf of President Donald Trump.
Nestle CEO Laurent Freixe expects the food group to move 'in the right direction'

Nestle Sales Beat Forecast After Price Hikes

Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation.

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