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...
India’s FX reserves extend losing streak into eighth week, hit 5-month low
MUMBAI: India’s foreign exchange reserves dropped for an eighth consecutive week and stood at a five-month low of $656.58 billion as of...
Indian banks review Adani exposure in wake of US bribery allegations
Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the...
UAE President launches XRG investment firm as ADNOC commits $54 billion to local economy
New energy investment ventures to drive UAE’s economic diversification and sustainability goals
Oil slips after surprise build in U.S. gasoline stocks
Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply concerns from a ceasefire...
China state media warn Trump against mutually destructive tariff war
BEIJING: China's state media warned US President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows could...
OpenAI allows $1.5B share sale to SoftBank
ChatGPT-owner OpenAI, the Microsoft-backed AI startup, has initiated a $1.5 billion share sale on Wednesday for its employees in a new tender...
Netflix lawsuit over account sharing ends with court victory
The lawsuit followed Netflix's April 2022 disclosure of a 200,000 subscriber loss in the previous quarter and a forecast of a 2 million subscriber drop in the next three months
Global oil prices steady amid focus on Israel-Hezbollah ceasefire, OPEC+ policy
A ceasefire between Israel and Hezbollah will take effect on Nov 27 after both sides accepted an agreementÂ
Adani Group hit by downgrades as projects under review in India, Sri Lanka
Fitch puts Adani bonds on negative watch while Moody's changes outlook on seven group firms to negative; Adani stock losses reach $34 billion
Trump vows big tariffs on Mexico, Canada and China
US President-elect Donald Trump on Monday said he intended to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a...
Google, Meta urge Australia to delay children’s social media ban
Australia's government plans to pass the legislation, considered among the world’s strictest on children’s social media use, by the end of the parliamentary year
Disney settles suit over women’s pay for $43 million
Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million...
Neuralink integrates brain implants with robotic device trials
Neuralink receives approval from Health Canada to begin a trial of its brain implant device