Ubisoft announces UK studio closure as part of cost-cutting measures
The move will impact 185 employees and is part of efforts to prioritize projects and reduce costs for long-term stability
OpenAI CEO calls DeepSeek’s AI model impressive
DeepSeek trains its V3 model with less than $6 million in computing power using Nvidia’s lower-capability H800 chips
Oil prices rise slightly but remain near two-week lows
Brent crude futures rise by 35 cents to $77.43 per barrel, while U.S. West Texas Intermediate (WTI) crude futures gain 30 cents to $73.47
U.S. appeals court rejects Biden-era FTC auto pricing regulations
The FTC pursues legal actions against auto dealers for deceptive practices, including a $20 million settlement with 10 dealerships
Trump calls DeepSeek’s AI a wake-up call for U.S. tech
DeepSeek’s cheaper and faster AI development methods could challenge U.S.-based AI leaders, says Trump
U.S. should hold 50% stake in TikTok, says Trump
The remarks come amid ongoing scrutiny over TikTok's ownership and its ties to China
U.S. fines KuCoin $297 million for unlicensed money transmission
The settlement includes a $112.9 million criminal fine and $184.5 million forfeiture, requiring KuCoin to cease operations in the U.S. for at least two years
Most Gulf markets fall amid US trade concerns
Most stock markets in the Gulf ended lower on Monday due to uncertainty surrounding U.S. trade policy, although the Qatari index bucked...
Nasdaq slumps on Chinese AI upstart, Nvidia loses some $600bn in value
Nvidia lost nearly $600 billion in market capitalization on Monday, marking the largest single-day loss for any U.S. company in history. The...
Saudi Arabia opens real estate investment in Makkah and Madinah to foreigners
The move aligns Saudi Arabia with regional trends, where neighboring countries allow foreign property ownership in designated areas
U.S. oil companies emphasize efficiency over new drilling projects in 2025
Global oil prices are projected to remain lower in 2025, with Brent crude averaging $74 per barrel, down from $81 in 2024
Bitcoin trades at 11-day low as market reacts to AI developments
The decline follows concerns over the rising popularity of Chinese AI startup DeepSeek, which has triggered a selloff in Western AI-related stocks
Indian publishers accuse OpenAI of copyright violations
The case argues that OpenAI’s practices pose risks to their copyrights and economic interests
Tesla joins legal challenge against EU tariffs on China-made EVs
BMW, Chinese automakers BYD, Geely, and SAIC, as well as the auto industry body CCCME, also file similar legal challenges
World Bank president highlights risks of U.S. travel restrictions on operations
U.S. travel restrictions could impact World Bank operations if visas for its employees were affected, says Ajay Banga