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Baidu’s second-quarter 2026 results highlight the tension in its AI transition, with AI Cloud Infrastructure revenue rising 50% and GPU Cloud revenue surging 283% even as legacy businesses weakened and total revenue declined 4%. Representative image.

Baidu GPU cloud surges 283%, but investors punish unfinished AI transition

A66 wrong-way crash kills seven including two Cleveland Police officers near Middlesbrough

Construction of President Donald Trump’s $400 million White House ballroom can continue temporarily after Chief Justice John Roberts stayed a lower-court injunction, keeping the controversial 90,000-square-foot project moving while the dispute over congressional approval remains unresolved. Representative image.

Trump White House ballroom survives immediate shutdown after Supreme Court stay

Saudi Arabia is advancing four battery energy storage projects totaling 2,000 MW and 8,000 MWh, backed by more than SAR4.35 billion in commitments as the kingdom builds large-scale storage capacity to support renewable power across Makkah, Hail and Qassim. Representative image.

Saudi Arabia signs $1.16bn battery deals for 2GW and 8GWh of grid storage

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General business news

KKR wraps up $2bn acquisition of Japanese real estate asset manager MC-UBSR

KKR & Co. Inc. has wrapped up the previously announced JPY230 billion (US$2 billion) acquisition of Japanese real…

byPallavi Madhiraju

May 1, 2022

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