Nvidia Is Buying Hugging Face for $12.9 Billion — Its AI Empire Is Moving Beyond Chips

 ABE NEWS | September 3, 2026 Nvidia has spent years building one of the most powerful positions in artificial intelligence. Its GPUs train AI models. Its chips power data centres. Its networking technology connects enormous computing systems. Its software helps developers make those machines useful. Now Nvidia is making a move into another crucial layer…

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Taiwan Companies Plan Another $20 Billion U.S. Investment — As the AI Chip Boom Reshapes Global Manufacturing

 ABE NEWS | September 2, 2026 Taiwanese technology companies are preparing another $20 billion wave of investment into the United States, as exploding demand for artificial intelligence pushes one of the world’s most important technology supply chains deeper into American territory. Taiwan Economy Minister Kung Ming-hsin announced the new investment estimate Wednesday at the SEMICON…

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Uber Cuts 3,300 Jobs in Major Restructuring — And Moves to End Most Fully Remote Roles

 ABE NEWS | September 2, 2026 Uber is cutting approximately 3,300 jobs worldwide — around 10% of its global workforce — in one of the company’s biggest restructurings since the pandemic, as Chief Executive Dara Khosrowshahi moves to flatten management, consolidate teams and redirect resources toward the next phase of Uber’s growth. The changes go…

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Dell Adds $25 Billion to Its Revenue Forecast as AI Server Demand Explodes

  ABE NEWS | September 1, 2026 The artificial-intelligence boom has just produced another extraordinary set of numbers — and this time they are coming from Dell. Dell Technologies raised its full-year revenue forecast by a staggering $25 billion on Tuesday, after soaring demand for the powerful servers used to build and operate artificial-intelligence systems…

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Russia’s Oil Output Is Heading for a 17-Year Low — The Ukraine War Is Starting to Hit Its Energy Machine

  ABE NEWS | September 1, 2026 Russia’s oil industry — one of the financial engines that has powered the country for decades and helped Moscow sustain more than four years of war in Ukraine — is facing mounting pressure. A Russian government draft economic forecast reviewed by Reuters has cut the country’s expected 2026…

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South Korea Proposes Record $597 Billion Budget — And Puts AI at the Centre of Its Economic Future

  ABE NEWS | September 1, 2026 South Korea is preparing to make one of the biggest government spending bets in its history — and artificial intelligence sits near the centre of the strategy. The government of President Lee Jae Myung unveiled a proposed 821 trillion won budget for 2027, worth roughly US$597 billion, representing…

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South Africa’s Eskom Profit More Than Doubles to $1.9 Billion — But a $7 Billion Debt Problem Is Growing

  ABE NEWS | August 31, 2026 South Africa’s long-troubled electricity giant Eskom has delivered one of the most dramatic financial turnarounds in its recent history, more than doubling annual profit to 30.3 billion rand — roughly US$1.9 billion — as power shortages collapsed, electricity sales improved and years of government intervention began producing visible…

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India’s Economy Surges 7.8% — The Global Growth Giant Is Accelerating Again

  ABE NEWS | August 31, 2026 India has opened its new financial year with another powerful economic performance, expanding 7.8% year-on-year during the April–June quarter and beating expectations as investment, manufacturing, financial services and domestic demand helped the world’s most populous country maintain growth that most major economies can only envy. The result exceeded…

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Trump’s 50% Canada Auto Tariff Could Hit Toyota and Honda Hardest — Putting Ontario’s Auto Industry in the Crossfire

  ABE NEWS | August 31, 2026 Canada’s escalating trade confrontation with the United States is threatening to hit two companies that are not Canadian and not American particularly hard. They are Japanese. Toyota and Honda have spent decades building enormous manufacturing operations in Ontario, turning Canada into an important production base for some of…

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Canada Backs €100 Billion Global Defence Bank — And Wants to Become a Financial Hub for the West’s Military Build-Up

  ABE NEWS | August 30, 2026 Canada is positioning itself at the centre of an ambitious attempt to transform how Western countries finance defence, as Prime Minister Mark Carney throws Ottawa’s weight behind a proposed international bank seeking to mobilize roughly €100 billion — about US$116 billion — for defence, security and military-industrial investment….

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