Fuel oil smuggling network rakes in $1 billion for Iran and its proxies
Iran sees Iraq as an economic lifeline, exerting significant influence through Shi'ite militias and political parties
OPEC+ oil strategy faces criticism amid surging rival supplies, warns Iranian official
Iran’s OPEC governor highlights challenges from U.S. shale growth and membership strain ahead of critical policy meeting.
World’s top 100 defence groups boost arms sales by 4.2% in 2023, reaching $632bn
Global arms revenues rose, driven by conflicts in Gaza and Ukraine, tensions in East Asia, and rearmament efforts
Singapore fines JPMorgan $1.8mn over misconduct by relationship managers
JPMorgan's relationship managers provided inaccurate or incomplete information to clients, MAS
Heavy fines loom for Big Tech under Australian law
“This isn’t about punishing success; it’s about fostering fair competition,” Assistant Treasurer of Australia
JSW to launch in-house EV brand in India
Hurdles in entering the Indian market have led Chinese automanufacturers to shift their focus to Pakistan
Elon Musk seeks court injunction against OpenAI’s for-profit transition
The Tesla CEO accuses OpenAI of barring investors from supporting rivals, escalating his feud with the AI company he co-founded.
US Black Friday online sales soar to $10.8 billion, marking a record surge
E-commerce giants like Amazon and Walmart reap rewards as online spending jumps 10.2%, driven by high demand for toys, beauty products, and appliances.
Trump threatens 100% tariff on BRICS nations over de-dollarization plans
US President-elect vows economic retaliation if BRICS pursues alternative currencies, declaring the dollar "irreplaceable" in global trade.
Inflation and sluggish manufacturing lead to slower economic growth in India
India's GDP grows 5.4% in Q3, down from 6.7% last quarter, missing the 6.5% forecast
Vietnam greenlights $67 billion high-speed railway project
Vietnam strengthens data protection laws, faces challenges from U.S. tech firms
Gautam Adani breaks silence on $265 million bribery allegations
Adani Group strongly denies the allegations, calling them "baseless" and pledging to pursue "all possible legal recourse"
J.P. Morgan drops $162M lawsuit against Tesla stock deal
The resolution ends a contentious chapter between the major U.S. bank and the electric vehicle leader
TikTok and Meta criticize Australia’s rushed under-16 social media ban
The law aims to safeguard minors and imposes fines of up to A$49.5 million ($32 million) on platforms like TikTok, Meta, and Snapchat for non-compliance
Global LNG: Asian spot LNG gains as colder weather drives demand
SINGAPORE: Asian spot liquefied natural gas (LNG) prices gained for a third consecutive week to hit a new high for the year...