China’s Instagram-like Xiaohongshu expands e-commerce with over 300 million users
With over 300 million users and a valuation of $17 billion after its July funding round, the platform combines social media with curated shopping experiences
Facebook and TikTok must adopt safety-by-design features under UK law
The MPC meeting comes amid signs of significant economic improvement
Oil drops from highest in weeks, focus on Fed rate cuts
Brent crude futures fall 0.4% to $74.20 a barrel, and U.S. West Texas Intermediate crude drops 0.5% to $70.93 a barrel
Bitcoin hits record high above $106,000 as Trump proposes US crypto strategic reserve
Investor sentiment also got a lift from the inclusion of MicroStrategy, bitcoin buyer, into the tech-heavy Nasdaq 100 index
Saudi Arabia’s inflation reaches 2pc in November
RIYADH: Saudi Arabia's annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9% in October, according to government...
Yellen won’t rule out sanctions on Chinese banks
WASHINGTON: US Treasury Secretary Janet Yellen told Reuters on Friday that the US is looking at further sanctions on 'dark fleet' tankers...
Elon Musk offers faster, improved Grok-2 chatbot for free
The updated Grok-2 model is three times faster than its predecessor and features enhanced accuracy, better instruction-following, and improved multi-lingual support
Musk gains court approval to appeal $56 billion Tesla pay decision
The appeal challenges McCormick's January ruling, which found Musk and Tesla's board in breach of their fiduciary duty to investors when they approved the 2018 compensation plan
US court rejects TikTok bid to delay ByteDance divestment deadline
This urgency follows the U.S. Court of Appeals for the District of Columbia’s rejection on Friday of TikTok and ByteDance’s request for more time
OpenAI challenges Musk’s attempt to stop for-profit transition
OpenAI pursues a plan to restructure its core business into a for-profit benefit corporation, with the original nonprofit retaining a minority stake
Oil up 2% in global market, settles at 3-week high as more sanctions loom on Russia, Iran
EU imposes new sanctions on Russia, US weighs more; China stimulus expected to support demand
Global EV sales hit third consecutive record high with 32% YoY jumpÂ
Data shows sales of fully electric and plug-in hybrid cars reached 1.83 million in November, with China accounting for 70% of the growth
Meta donates $1 million to Trump’s inaugural fund
Zuckerberg’s donation is a step toward strengthening ties with the incoming administration after years of tension.
Fuel theft, violence siphoning $215 million from Ecuador oil industry
Criminals steal gasoline, diesel and other fuel by tapping state-owned fuel pipelines for use in making cocaine and transporting drugs
Google integrates advanced Gemini AI across Search, Android, and YouTube
Google aims to leverage Gemini's advancements to strengthen its position in the competitive AI landscape, where rivals like OpenAI have drawn attention with innovations such as ChatGPT