Most Gulf markets in black on hopes for US tariff relief
Most stock markets in the Gulf ended higher on Monday as investors waited to see if imminent U.S. tariffs would be implemented.
U.S....
Pfizer could move outside manufacturing to the US, says CEO
Pfizer CEO Albert Bourla said on Monday the drugmaker might move overseas manufacturing to its existing plants in the U.S., if required,...
Oil prices steady after first monthly decline since November
Brent crude rises 0.43% to $73.12 a barrel, while U.S. West Texas Intermediate (WTI) crude gains 0.36% to $70.01
Bitcoin surges 20% as Trump proposes U.S. strategic crypto reserve
Bitcoin trades around $91,605, up from its low of $78,273 last week
Amazon’s $17 billion Spain project integrates AI for disaster prevention
The move follows severe floods that hit Valencia four months ago, underscoring the region’s vulnerability
Saudi Aramco and Sonatrach lower March LPG prices
Aramco reduces propane prices by $20 to $615 per ton and butane by $20 to $605, while Sonatrach lowers propane by $5 to $560 and butane by $15 to $585
BYD to raise up to $5.2 billion through Hong Kong stock offering
The deal comes amid rising momentum in Hong Kong’s equity market, as investors bet on a potential recovery in economic growth
Amazon Web Services to invest $8.2 billion in India’s Maharashtra
India’s cloud services market, valued at $8.3 billion in 2023, is projected to grow to $24.2 billion by 2028
Tesla’s market share declines in Europe as sales drop over 40%
Tesla registrations drop 42% in Sweden, 48% in Norway and Denmark, and 45% in France
China’s Zhipu AI raises over 1 billion yuan as AI competition heats up
The investment comes as DeepSeek gains traction with open-source AI models challenging Western rivals at lower costs
Singapore probes Nvidia chip shipments to Malaysia as U.S. tightens export controls
The probe follows reports of arrests linked to the alleged procurement and shipment of these chips in violation of U.S. sanctions
UK watchdog investigates TikTok, Reddit, and Imgur over child privacy
The probe will assess TikTok’s use of personal data from users aged 13 to 17 and evaluate Reddit and Imgur’s age verification processes
U.S. Treasury will not enforce anti-money laundering law for domestic firms
The Treasury says the move supports US taxpayers and small businesses and plans to narrow the act to foreign reporting companies
China’s Honor announces $10 billion AI investment over five years
China’s local governments and businesses, including home appliance makers, are integrating AI or expanding their research efforts
Crypto prices surge as Trump names five digital assets for US strategic reserve
US president vows to make America the "Crypto Capital"; includes BTC, ETH, XRP, SOL, and ADA in strategic reserve plan