Elon Musk’s Starlink faces competition as China plans 15,000 satellites
China launches a record 263 LEO satellites in 2024 as it competes with Starlink, which operates over 7,000 satellites and plans to expand to 42,000 by decade’s end
Alibaba to invest $52.4 billion in AI and cloud computing over three years
Alibaba's planned investment surpasses its total spending on AI and cloud computing over the past decade
Trump’s 10% oil tariff could cost $10b
BENGALURU: Goldman Sachs said on Friday a proposed 10% US oil tariff could cost foreign producers $10 billion per year, as Canadian...
Hong Kong budget to be released on Wednesday, financial secretary says
As Hong Kong prepares to unveil its highly anticipated new budget on Wednesday, Financial Secretary Paul Chan Mo-po has provided a glimpse...
Musk’s X wins court motion to remove judge in German election data lawsuit
The activist groups argue that X must provide accessible election data, including post reach, shares, and likes, which are technically viewable but hard to collect
NYC sues Trump administration over $80 million migrant shelter funds
The funds, originally allocated to cover migrant shelter costs, were withdrawn from a city bank account without notice, claims lawsuit
US securities regulator to drop lawsuit against cryptocurrency exchange platform
Under the current administration, the SEC scales back crypto enforcement and refocuses on cyber and emerging technologies
OpenAI bans accounts tied to China and North Korea for malicious AI activity
Authoritarian regimes try to leverage AI against the U.S. and their own people and uses AI tools to detect such operations, says OpenAI
Apple disables end-to-end encryption for iCloud backups in UK
The move ends end-to-end encryption for iCloud backups in the UK, allowing Apple to access user data and share it with authorities if required
Meta trims employee stock options by 10% while raising executive bonuses
Amid record stock highs, Meta cuts equity grants for employees but boosts executive bonus targets to 200%
Trump signals possible trade deal with China amid renewed tariff war
US-China tensions flare as Trump’s second-term trade policies take aggressive turn
Saudi Arabia unveils new official Riyal symbol
Initiative aims to promote the Kingdom’s financial identity, locally, regionally and internationally, says Saudi Central BankÂ
TSX falls as Trump’s latest tariff threats fuel trade war fears
Canada’s primary stock index fell on Thursday, dragged by concerns that U.S. President Donald Trump’s fresh tariff threats could stoke a global...
UAE’s ADNOC to raise up to $3 billion from gas unit stake sale
DUBAI: United Arab Emirates energy giant Abu Dhabi National Oil Co (ADNOC) said on Thursday it would raise up to $3 billion...
Oil prices steady as U.S. crude stockpiles rise
Brent crude rises 27 cents to $76.31, while U.S. West Texas Intermediate gains 12 cents to $72.37