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Meta to pay $25 mn to settle Trump's 2021 lawsuit over account suspension

Trump filed lawsuits against Twitter, now known as X, Facebook Inc and Alphabet Inc's Google, as well as their chief executives in July 2021, alleging they unlawfully silence conservative viewpoints

Meta sends mixed signals as Q4 sales beat estimates but outlook muted

Meta shares were flat after the market closed but rose as CEO Mark Zuckerberg spoke optimistically about Meta's AI initiatives and the company's conviction that open source AI is the right strategy

SoftBank may invest up to $25 billion in OpenAI, eyeing top backer role

Stargate is a joint venture by Oracle, OpenAI and SoftBank, that plans to invest up to $500 billion to help the United States stay ahead of China and other rivals in the global AI race

Banks, importers seen lapping up India central bank's $5 billion FX swap

Central bank will conduct a 6-month dollar/rupee buy-sell swap, one of its many planned measures aimed at injecting liquidity worth about Rs 1.5 trillion ($17.33 billion) into the banking system

Blueleaf Energy to invest $400 mn in Jakson Green's India solar assets

Investment will be made in three solar projects, which are expected to be commissioned in 2025-2026 and will be funded through a combination of debt and equity, the companies said

Nokia Q4 results: Net profit beats estimates, jumps 38%; sales rise 17%

Company said sales at its network Infrastructure business rose 17 per cent due to a strong recovery in demand from communication service providers, notably in North America

Highlighting history: List of deadliest US airline crashes since 2001

Read the list of last 10 deadly airline crashes to occur in the US

Oil prices waver as markets await clarity on Trump's Canada, Mexico tariffs

Investors are also looking ahead to a ministerial meeting by the Organization of the Petroleum Exporting Countries and its allies, together called Opec+, scheduled for Feb 3

Toyota sells 10.8 mn vehicles in 2024, stays world's top-selling automaker

Japanese automaker posted a 3.7 per cent drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors

Exposed wires may have contributed to LA's Eaton fire, claims law firm

Robertson and experts with his firm captured the images of SCE's equipment by hiking to SCE towers along the ridge of foothills near Altadena and deploying drones earlier this month

Trump officials likely plan to tighten curbs on Nvidia's China sales

Conversations to restrict shipments of those chips to China are in very early stages among Trump officials and the idea has been under consideration

Canada, Mexico can avoid tariffs if they act swiftly: Trump's commerce pick

Lutnick said Trump's Saturday deadline for imposing 25 per cent tariffs on goods from Canada and Mexico was meant to pressure the two countries to stop the flow of fentanyl into the US

Ex-oil market chief criticises IEA, seeks cut in energy transition focus

IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy

Fed guided by economic goals and law, not politics: Jerome Powell

Trump, who frequently criticized Powell and the Fed during his first term, again is testing those limits, saying last week that he'll "demand" immediate interest-rate cuts

Asian stocks mixed, dollar steady as traders consider Fed rate pause

Trump's policies remain a risk for the Fed's policy outlook, and Saturday is likely to see new tariffs slapped on Canada, Mexico and possibly China as well

ECB to cut rates, stay receptive to further easing amid growth concerns

With the euro zone suffering through an industrial recession and weak consumption, the case for a cut is so clear that none of the ECB's 26 policymakers have publicly pushed back

Honda Motors to boost investment in three Ohio auto plants by $300 mn

Japanese automaker in 2022 had announced plans to invest $700 million in three plants but is now lifting that to $1 billion, said Jennifer Thomas, a senior vice president at Honda's US unit

Whirlpool planning to reduce stake in India unit to about 20% in 2025

Last year, Whirlpool Corp sold a 24 per cent stake in the Indian unit for about $468 million in a bid to reduce debt

Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns world

DeepSeek's quick progress has stirred doubts about the lead America has in AI with models that it claims can match or even outperform Western rivals

US Fed leaves policy rate unchanged, says unemployment rate is low

Fed officials say they largely believe the progress in lowering inflation will resume this year, but have now put rates on hold as they await data to confirm it