U.S. oil companies emphasize efficiency over new drilling projects in 2025
Global oil prices are projected to remain lower in 2025, with Brent crude averaging $74 per barrel, down from $81 in 2024
Bitcoin trades at 11-day low as market reacts to AI developments
The decline follows concerns over the rising popularity of Chinese AI startup DeepSeek, which has triggered a selloff in Western AI-related stocks
Indian publishers accuse OpenAI of copyright violations
The case argues that OpenAI’s practices pose risks to their copyrights and economic interests
Tesla joins legal challenge against EU tariffs on China-made EVs
BMW, Chinese automakers BYD, Geely, and SAIC, as well as the auto industry body CCCME, also file similar legal challenges
World Bank president highlights risks of U.S. travel restrictions on operations
U.S. travel restrictions could impact World Bank operations if visas for its employees were affected, says Ajay Banga
ChatGPT loses top spot to Chinese AI app DeepSeek on App Store rankings
DeepSeek-V3's developers claim the model rivals advanced closed-source AI models globally and leads among open-source models
Spotify and UMG sign multi-year agreement for music and publishing rights
The publishing agreement establishes a direct license between Spotify and UMG across Spotify's current product portfolio in the U.S. and several other countries
Venture Global debut falls short of target
BENGALURU: Venture Global's shares opened nearly 4% below their initial public offering price in a subdued NYSE debut on Friday, giving the...
Wall Street banks to sell up to $3b in X loans
NEW YORK: Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social media...
Most Gulf markets gain after Trump comments
Most stock markets in the Gulf ended higher on Sunday driven by optimism over U.S. President Donald Trump’s recent comments hinting at...
Global LNG: Asian spot LNG little changed on ample stocks, mild weather
KUALA LUMPUR: Asian spot liquefied natural gas (LNG) prices were little changed this week, as ample inventories and mild weather capped demand...
India’s FX reserves hit near 11-month low as rupee slide continues to weigh
BENGALURU: India’s foreign exchange reserves fell to a near 11-month low of $623.98 billion as of Jan. 17, extending their losing streak...
Google commits to tackling fake reviews in UK after CMA investigation
The tech giant will also add warning alerts to the profiles of businesses found using fake reviews to inflate their ratings, according to the CMA
OPEC+ remains silent on Trump’s call for lower oil prices
OPEC+ members maintain that they do not target specific oil prices and have delayed output increases several times due to weak demand
Tesla launches redesigned Model Y in US, Canada, and Europe after China debut
The revamped model comes as the company prepares to launch a more affordable variant in the first half of 2025 to expand its customer base and boost sales