ChatGPT loses top spot to Chinese AI app DeepSeek on App Store rankings
DeepSeek-V3's developers claim the model rivals advanced closed-source AI models globally and leads among open-source models
Spotify and UMG sign multi-year agreement for music and publishing rights
The publishing agreement establishes a direct license between Spotify and UMG across Spotify's current product portfolio in the U.S. and several other countries
Venture Global debut falls short of target
BENGALURU: Venture Global's shares opened nearly 4% below their initial public offering price in a subdued NYSE debut on Friday, giving the...
Wall Street banks to sell up to $3b in X loans
NEW YORK: Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social media...
Most Gulf markets gain after Trump comments
Most stock markets in the Gulf ended higher on Sunday driven by optimism over U.S. President Donald Trump’s recent comments hinting at...
Global LNG: Asian spot LNG little changed on ample stocks, mild weather
KUALA LUMPUR: Asian spot liquefied natural gas (LNG) prices were little changed this week, as ample inventories and mild weather capped demand...
India’s FX reserves hit near 11-month low as rupee slide continues to weigh
BENGALURU: India’s foreign exchange reserves fell to a near 11-month low of $623.98 billion as of Jan. 17, extending their losing streak...
Google commits to tackling fake reviews in UK after CMA investigation
The tech giant will also add warning alerts to the profiles of businesses found using fake reviews to inflate their ratings, according to the CMA
OPEC+ remains silent on Trump’s call for lower oil prices
OPEC+ members maintain that they do not target specific oil prices and have delayed output increases several times due to weak demand
Tesla launches redesigned Model Y in US, Canada, and Europe after China debut
The revamped model comes as the company prepares to launch a more affordable variant in the first half of 2025 to expand its customer base and boost sales
Rolls-Royce secures $11 billion deal to power UK nuclear submarines
The contract aims to strengthen the Royal Navy's continuous at-sea deterrent and support the AUKUS defence pact with the United States and Australia
Harry Potter publisher Bloomsbury resolves Amazon contract dispute
Despite the challenges, the publisher reiterates confidence in meeting its full-year sales and profit targets
Tesla to fix software issues in over 1.2 million vehicles in China
Tesla will address software issues in more than 1.2 million vehicles in China, including imported Model S and Model X, as well...
Adani Green appoints independent law firms to review U.S. bribery charges
The investigation centers on a 2021 solar energy deal in Andhra Pradesh, where Adani Green Energy won a significant contract from the Solar Energy Corporation of India
Kia reports $8.85 billion operating profit for 2024
The fourth-quarter operating profit rises by 10.2% compared to the same period last year