Trump says US will allow sale of Nvidia AI chips to China
Washington, United States - President Donald Trump said Monday he had reached an agreement with President Xi Jinping to allow...
Business
US-Israel-Qatar meeting seeks to salvage Gaza peace deal amid strain over Israeli strike on Doha
Axios also reported White House envoy Steve Witkoff hosted the meeting, with Mossad spy chief David Barnea representing Israel and...
Geostrategy
Economy
Divided US Fed set for contentious interest rate meeting
When the Fed last met in October, Chair Jerome Powell asserted that another rate cut in December was "not a...
- Minutes from the Fed's most recent meeting showed many officials expect a further uptick in underlying goods inflation as President Donald Trump's tariffs bite.
- But recent comments from leading Fed officials also reflected support for cutting again because of a weakening labor market, even though inflation is still above Fed's 2% target.
Geostrategy
Mediators Egypt, Qatar, others ‘concerned’ about Israel opening one-way Gaza exit
The countries voiced "their absolute rejection of any attempts to expel the Palestinian people from their land" and said they...
- On Wednesday, Israel said it would open the Rafah crossing from Gaza to Egypt exclusively to allow residents to exit the Palestinian territory "in the coming days".
- Reopening the Rafah crossing is a part of Trump's peace plan for the Palestinian territory, as well as something UN agencies and other humanitarian actors have long called for
Business
Netflix’s $83 billion takeover of Warner Bros reshapes Hollywood as regulators prepare intense antitrust scrutiny
Streaming giant Netflix said Friday it will buy film and television studio Warner Bros. Discovery for nearly $83 billion, the...
- The acquisition, which will face regulatory scrutiny by the Trump administration and is opposed by top names in Hollywood, gives Netflix access to a vast film catalog
- It does not include cable channels such as CNN, TNT, TBS and Discovery, which are being spun off by Warner Bros. Discovery before the deal is due to close.
Economy
Abu Dhabi showdown – how the F1 title can be won
Paris, France - AFP Sport assesses how the 2025 Formula One drivers' title can be won at the season finale...
- "All" Norris has to do to claim his maiden title is finish on the podium at Yas Marina, irrespective of where his two title rivals finish.
- But on a cautionary note Norris has failed to make the top three in six races this year, including his disqualification from second in Las Vegas due to a technical infringement
Geostrategy
Trump says Putin wants to end war, US to hold new talks with Ukraine
Trump's envoy Steve Witkoff and son-in-law Jared Kushner huddled into the early hours with Putin in the Kremlin but reached...
- Steve Witkoff and Jared Kushner huddled into the early hours with Putin in the Kremlin but reached no breakthrough on halting Europe's worst conflict since World War II
- The Kremlin said afterward it found parts of the US plan to end the war unacceptable, even though the proposal includes Ukraine ceding parts of the eastern Donbas region
Business
In Data Center Alley, AI sows building boom, doubts
Ashburn, United States -- As planes make their final approach to Washington DC's Dulles Airport, just below lies Ashburn, a...
- In 2025, private companies are spending roughly $40 billion a month on data center construction in the United States.
- Data servers deploying ChatGPT-like technologies run very hot and require new-generation liquid cooling.
Geostrategy
US private sector lost 32,000 jobs last month in surprise drop
President Donald Trump has been touting the economy's health, and forecasts had incorrectly predicted the monthly data would show a...
- "Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment," ADP chief economist Nela Richardson said.
- "While November's slowdown was broad-based, it was led by a pullback among small businesses."
Business
OpenAI declares ChatGPT ‘code red’ over stiff competition: report
Washington, United States -- OpenAI CEO Sam Altman has declared a company-wide "code red" as its ChatGPT technology faces stiff...
- Altman told employees that the company was "at a critical time for ChatGPT," and that resources must be devoted to fending off the new competition to its chatbot.
- Altman said that other projects would now be delayed, including a plan to introduce advertising to the chatbot.
Business
Amazon unveils new AI chip in battle against Nvidia
San Francisco, United States -- Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push...
- The move intensifies competition in the AI chip market, where Nvidia currently dominates with an estimated 80- to 90-percent market share.
- AWS also announced it is already developing Trainium4, expected to deliver at least three times the performance of Trainium3 for standard AI workloads.
Economy
Saudi powers forward with deficit spending to fund reforms
The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring...
- The state's general budget for 2026 would have total expenditures of 1.313 trillion riyals (350.1 billion dollars).
- The projected deficit amounts to 3.3 percent of GDP, which is lower than the deficit of 245 billion riyals estimated for 2025.
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Trump says US will allow sale of Nvidia AI chips to China
Washington, United States - President Donald Trump said Monday he had reached an agreement with President Xi Jinping to allow...
Business
Company News
Latest News
Air India probe of Boeing 787 fuel control switches finds no issues
Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787...
Israeli airstrike kills five Palestinians in West Bank
Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...
Dubai roads, airport reel from floods after record rains
Power outages were reported around Dubai, which was dotted with flooded areas and submerged and abandoned cars. One road tunnel...
Heavy storms soak Gulf as Oman toll rises to 18
Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and...
Number of journalists killed on job in 2023 declines despite Gaza: RSF
In the first 11 months of 2023, 45 journalists were killed carrying out their work, down from 61 last year,...
Netflix’s $83 billion takeover of Warner Bros reshapes Hollywood as regulators prepare intense antitrust scrutiny
Streaming giant Netflix said Friday it will buy film and television studio Warner Bros. Discovery for nearly $83 billion, the...
Business
Abu Dhabi showdown – how the F1 title can be won
Paris, France - AFP Sport assesses how the 2025 Formula One drivers' title can be won at the season finale...
Economy
Trump says Putin wants to end war, US to hold new talks with Ukraine
Trump's envoy Steve Witkoff and son-in-law Jared Kushner huddled into the early hours with Putin in the Kremlin but reached...
Geostrategy
Most Read
Geostrategy
US private sector lost 32,000 jobs last month in surprise drop
President Donald Trump has been touting the economy's health, and forecasts had incorrectly predicted the monthly data would show a...
- "Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment," ADP chief economist Nela Richardson said.
- "While November's slowdown was broad-based, it was led by a pullback among small businesses."
Business
OpenAI declares ChatGPT ‘code red’ over stiff competition: report
Washington, United States -- OpenAI CEO Sam Altman has declared a company-wide "code red" as its ChatGPT technology faces stiff...
- Altman told employees that the company was "at a critical time for ChatGPT," and that resources must be devoted to fending off the new competition to its chatbot.
- Altman said that other projects would now be delayed, including a plan to introduce advertising to the chatbot.
Business
Amazon unveils new AI chip in battle against Nvidia
San Francisco, United States -- Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push...
- The move intensifies competition in the AI chip market, where Nvidia currently dominates with an estimated 80- to 90-percent market share.
- AWS also announced it is already developing Trainium4, expected to deliver at least three times the performance of Trainium3 for standard AI workloads.