Friday, January 2, 2026

India frees up visas for Chinese professionals in key step to boost ties

India to issue Chinese business visas within a month, says officials; Curbs cost an estimated $15 billion in lost electronics output

Iran detains 18 crew members of foreign tanker seized in Gulf of Oman

Authorities say those held include the tanker’s captain, while Iran’s semi-official Fars news agency reports the crew comprises nationals from India, Sri Lanka and Bangladesh

Gold clings to 7-week high as investors gauge Fed trajectory; silver near record peak

Gold edges up to $4,286/oz, heads for 2.1% weekly gain as silver hits record $64.31 per ounce

Global EV sales growth slows to weakest pace since early 2024 as China plateaus, US demand drops

Global electric vehicle sales growth slowed sharply in November, marking the weakest expansion since February 2024 as demand in China plateaued and policy changes...

Reddit sues Australia over social media ban, citing free speech threat

Reddit says law harms protected speech, fails legal threshold as Australian govt likens lawsuit to Big Tobacco case

Disney to invest $1bn in OpenAI, license Star Wars, Marvel and Pixar characters for Sora AI videos

Three-year partnership enables AI-generated content using Disney IP; unions voice concerns over compensation and creative rights

Oil prices up on US-Venezuela tensions, but set for weekly decline

Brent crude futures rise 29 cents, or 0.5%, to $61.57; US WTI rises to $57.91 a barrel, up 31 cents, or 0.5%

Asian stocks cautiously higher as tech sector rattled by Oracle

Japan leads gains as Softbank jumps 6%; Nasdaq futures lower as Oracle and Broadcom weigh; U.S. Dollar Index at two-month low

Dollar staggers to third straight weekly drop as investors ponder Fed outlook  

Euro and sterling rise as dollar weakens; Markets diverse from policymakers on rate cuts for next year

Gold slips after a divided Fed cuts rates; silver hits record high

Spot gold dipped to $4,210.88 while U.S. February futures rose to $4,238.10 after briefly hitting a one-week high

Reddit begins testing verified profiles to boost transparency

New grey checkmark aims to help users verify people and businesses during official announcements where authentication is critical

Trump launches gold card program for expedited visas with a $1 million price tag

New Trumpcard.gov portal opens applications with a $15,000 fast-track processing fee to Homeland Security; Applicants must undergo vetting and make a $1 million “contribution” to qualify for the visa, which grants U.S. residence and work rights

OpenAI warns upcoming AI models may pose “high” cybersecurity risk

Company says future models could generate zero-day remote exploits against well-defended systems or aid sophisticated intrusions targeting critical systems

Oil little changed as investor focus returns to Ukraine peace talks

Brent traded at $62.16 a barrel and WTI at $58.45, with both benchmarks edging slightly lower in early session

Australian teenagers bid farewell to social media as world-first ban takes effect

Teenagers flooded TikTok, Instagram, and Reddit with farewell messages on Tuesday night