Business news

• Australia just pulled the trigger on a teen social media ban. Governments worldwide are watching - Australia has enacted the world's first ban on social media usage for users under the age of 16, in a move expected to be monitored by global lawmakers.  
• Trump slams European leaders as 'weak' — just as they're trying to impress him - Trump's criticism of Europe is jarring after the bloc stepped up efforts to support Ukraine in peace negotiations in a bid to show him that it means business.
• Delivery Hero stock jumps 6% as food delivery giant mulls strategy; European shares mixed - European stocks were mixed on Wednesday as global investors gear up for the U.S. Federal Reserve's interest rate decision.
• CEO of South Korean online retail giant Coupang resigns over data breach - Coupang said Wednesday that CEO Park Dae-jun resigned due to the data breach incident, which was revealed on Nov. 18
• CNBC's The China Connection newsletter: U.S.-China AI talent race heats up - The author of "Chip War" is worried about the U.S. losing its advantage over China in artificial intelligence talent.
• Amazon pledges a massive $35 billion worth of investments in India’s AI space through 2030 - Amazon has committed to investing $$35 billion in India’s cloud and AI space by 2030, as hyperscalers race to get a foothold in the market.
• China consumer inflation hits near two-year high despite deeper-than-expected producer deflation - Economists warned that deflationary pressure on the world's second largest economy will persist into next year, calling for fresh policy stimulus to spur demand.
• U.S.-Indonesia trade deal is in danger of falling apart, FT reports - Washington believes Indonesia is 'backsliding' on removing non-tariff barriers to U.S. industrial and agricultural exports, among other things, FT reported.
• Trump says he 'heard' Biden Fed appointments were signed by autopen, tells aide to investigate - Trump's autopen comments came during a speech in Pennsylvania about the economy, aimed at countering Democrats' messaging about the U.S. affordability crisis.
• Microsoft to invest $17.5 billion in India's AI infra as Big Tech queues up for the Asian market - Microsoft has pledged $17.5 billion of investment in India's cloud and AI infrastructure, as more major tech players commit to the growing market.