Microsoft launches ‘superintelligence’ team targeting medical diagnosis to start
Company says it has a vision for "humanist superintelligence," or technology that could solve defined problems with a real-world benefit
Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval
Analysts view vote as a boost for Tesla stock, with Musk's voting rights swaying approval despite opposition; Tesla’s future tied to Musk’s ambitious AI and robotics goals
US to block Nvidia’s sale of scaled-down AI chips for training large language models to China
Report reveals Nvidia has provided samples of the chip to several of its Chinese customers
Oil heads for second weekly loss as supply concerns weigh
EIA reports higher-than-expected rise in US crude stocks; private data points to weakening US labor market in October; Gunvor withdraws bid for Lukoil’s overseas assets
Stocks fall with tech shares; sterling up as BoE keeps rates unchanged
Sterling rises as BoE holds rates; Wall Street indexes close lower; US dollar drops against major currencies.
Dollar on defensive as data show cracks in US jobs market
Dollar index drops 0.5% to 99.674, reversing monthly gains as expectations rise for a Fed rate cut in December
Elon Musk’s Starlink officially begins its operations in India
Maharashtra becomes the first state to partner with Starlink; company to establish nine gateway earth stations across key cities including Mumbai, Noida, Chandigarh, Hyderabad, Kolkata, and Lucknow
Qatar Airways sells entire Cathay Pacific stake for $897 million
Cathay to repurchase 9.7% stake from Qatar Airways, marking full exit; shares rise 4% in early trade, reflecting confidence in airline’s future
Indian ed-tech platform PhysicsWallah sets IPO price band, eyes $3.19 billion valuation
Backed by WestBridge and Hornbill Capital, PhysicsWallah to open three-day IPO bidding for retail investors starting November 11
Asia shares rise as upbeat US data calms nerves over stretched valuations
Investors buy the dip after heavy selloff in previous session
Dollar dips from peaks, sterling squeezed ahead of Bank of England meeting
Aussie, NZD bounce as stock market mood recovers; US yields higher on data and debt outlook
Saudi Arabia cuts December oil prices for Asia as OPEC+ boosts output
Aramco sets its December official selling price at $1 per barrel above the Oman and Dubai average
Oil flat as weak demand, oil glut weigh on market
Brent crude futures rise 2 cents, or 0.03%, to $63.54; US WTI futures remain flat at $59.60 a barrelÂ
US orders 10% flights cut at major US airports due to shutdown
FAA may take further steps if air traffic issues persist; Shutdown causes staffing shortages, flight delays, longer security wait times
Gulf markets slip as global tech sell-off triggers valuation fears
Regional indices follow Wall Street’s downturn amid stretched equity valuations; Saudi stocks extend losses while Egypt’s benchmark hits a record high.