Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos, both with contentious histories with President-elect Donald Trump, have made substantial donations to Trump’s inauguration fund, with Meta contributing $1 million and Amazon planning to donate the same amount. OpenAI CEO Sam Altman, engaged in a legal battle with Elon Musk, who supported Trump and is expected to play a significant role in his administration, has pledged a personal donation of $1 million to the fund as well, expressing support for Trump’s leadership in advancing AI technology. Trump has been critical of tech companies like Amazon and Meta, with previous clashes including accusations of tax avoidance and fake news, leading to retaliatory actions and public criticism from both sides.
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Eurozone economy grows 0.4% in first quarter ahead of Trump’s tariffs
The Eurozone economy grew 0.4% in Q1, exceeding expectations ahead of Donald Trump's tariff announcements, doubling the previous quarter's growth of 0.2%. Analysts predict that the ensuing global trade war will adversely affect future performance, with indicators of declining business confidence and potential for a technical recession in H2. The European Central Bank has repeatedly lowered growth forecasts, now at 0.9% for 2025, and anticipates further interest rate cuts amidst rising trade tensions, while Germany...
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