U.S. sanctions reshape oil shipping routes and raise transportation costs
The sanctions aim to restrict revenue from the world’s second-largest oil exporter due to its ongoing war in Ukraine
Russian court issues $77.9 million fine to Google over regulatory violations
This marks a substantial rise from typical fines of around 4 million roubles levied on foreign technology platforms for non-compliance with Russian regulations
EU reviews Big Tech investigations under Digital Markets Act
The review may narrow or adjust the scope of the investigations and has paused decisions and fines while technical work continues
Oil trades near four-month highs on sanctions against Russian exports
Brent crude futures slip 0.67% to $80.47 per barrel, while U.S. West Texas Intermediate (WTI) crude drops 0.67% to $78.29 per barrel
Dollar rises to two-year high on strong U.S. economic data
The dollar/yuan market remains critical, with the People's Bank of China unveiling measures to stabilize the yuan amid rising depreciation pressures
Hyundai donates $1 million to Trump inaugural fund
The corporate support highlights private sector engagement ahead of Trump’s January 20 inauguration
Six EU countries urge G7 to cut Russian oil price cap further
The countries argue that the move would further reduce Moscow's revenue to fund its war in Ukraine without causing a shock to global markets
OpenAI calls for investment and regulation to maintain U.S. AI advantage
The announcement comes ahead of President-elect Donald Trump’s inauguration, with a new administration expected to be more supportive of the tech industry
Apple faces accusations of overcharging British consumers by $1.8 billion
The U.S. tech giant faces claims from 20 million U.K. users over alleged overcharges for app purchases
US restricts AI chip exports, allies get unlimited access
The U.S. leads AI now – both AI development and AI chip design, and it's critical that we keep it that way, says U.S. Commerce Secretary Gina Raimondo
Oil prices rise as U.S. sanctions tighten Russian crude exports
Brent crude futures rise by $1.20 to $80.96 a barrel, while U.S. West Texas Intermediate (WTI) crude rises by $1.30 to $77.87 a barrel
Global air finance summit addresses challenges in jet supply and demand
Some delegates believe jet shortages will last three more years, while others expect longer delays due to 4,000 unbuilt jets
Bezos’ Blue Origin postpones New Glenn liftoff after countdown issues
Troubleshooting the issue would extend the delay beyond the launch window, potentially lasting 24 hours or longer, says Blue Origin
Japan PM urges Biden to ease concerns over $14.9 billion US Steel acquisition
Ishiba underscores the importance of providing businesses with a stable investment environment
Nvidia warns U.S. national security is not improved by new AI chip rule
The regulation would harm U.S. leadership in AI technology and threaten to derail innovation and economic growth worldwide, says Nivida