Trump’s digital dollar ban creates opportunity for China and Europe
The ban prohibits U.S. agencies from pursuing, promoting, or issuing a CBDC and signals a significant policy shift in the United States
Musk disputes with Norwegian fund CEO over $56 billion pay package
The fund, Tesla's seventh-largest investor with a 0.95% stake valued at $6 billion as of June, raises concerns about the package's size and structure
OpenAI launches ChatGPT Gov for U.S. government agencies
The statement comes after Chinese AI startup DeepSeek disrupted AI-linked markets by surpassing ChatGPT in App Store downloads with its free AI assistant
Google asks EU court to overturn record $4.5 billion antitrust fine
Commission failed to meet its responsibilities during the investigation and had penalized Google for its innovation and market success, says Google’s lawyer
Honda to challenge rivals with budget EV under $30,000 by 2026
The model will be part of the automaker’s global "Honda 0 Series" EV lineup and will be produced locally
Ubisoft announces UK studio closure as part of cost-cutting measures
The move will impact 185 employees and is part of efforts to prioritize projects and reduce costs for long-term stability
OpenAI CEO calls DeepSeek’s AI model impressive
DeepSeek trains its V3 model with less than $6 million in computing power using Nvidia’s lower-capability H800 chips
Oil prices rise slightly but remain near two-week lows
Brent crude futures rise by 35 cents to $77.43 per barrel, while U.S. West Texas Intermediate (WTI) crude futures gain 30 cents to $73.47
U.S. appeals court rejects Biden-era FTC auto pricing regulations
The FTC pursues legal actions against auto dealers for deceptive practices, including a $20 million settlement with 10 dealerships
Trump calls DeepSeek’s AI a wake-up call for U.S. tech
DeepSeek’s cheaper and faster AI development methods could challenge U.S.-based AI leaders, says Trump
U.S. should hold 50% stake in TikTok, says Trump
The remarks come amid ongoing scrutiny over TikTok's ownership and its ties to China
U.S. fines KuCoin $297 million for unlicensed money transmission
The settlement includes a $112.9 million criminal fine and $184.5 million forfeiture, requiring KuCoin to cease operations in the U.S. for at least two years
Most Gulf markets fall amid US trade concerns
Most stock markets in the Gulf ended lower on Monday due to uncertainty surrounding U.S. trade policy, although the Qatari index bucked...
Nasdaq slumps on Chinese AI upstart, Nvidia loses some $600bn in value
Nvidia lost nearly $600 billion in market capitalization on Monday, marking the largest single-day loss for any U.S. company in history. The...
Saudi Arabia opens real estate investment in Makkah and Madinah to foreigners
The move aligns Saudi Arabia with regional trends, where neighboring countries allow foreign property ownership in designated areas