Erdogan pushes Putin on ‘limited ceasefire’ at ports, energy facilities in Russia-Ukraine war
Speaking on the sidelines of a summit in Turkmenistan, Erdogan told Putin that efforts to end the war were valuable,...
Geostrategy
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
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.
Economy
Saudi powers forward with deficit spending to fund diversification of its oil-dependent economy
Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses...
- The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring billions into projects to attract investment and tourism
- The budget figures will be keenly watched by energy industry experts, with the hopes of gleaning insights into where Saudi Arabia expects oil revenues to head in the near future
Geostrategy
If Europe wants war with Russia, ‘we are ready,’ says Putin as he meets US envoys over Ukraine deal
Washington has presented a 28-point draft to end the conflict, later amended after criticism from Kyiv and Europe, which viewed...
- The comments came as US envoy Steve Witkoff and President Donald Trump's son-in-law Jared Kushner were in Moscow for high-stakes talks on ending the nearly four-year war
- "They have no peaceful agenda, they are on the side of war," he added, repeating his claim that European leaders were hindering US attempts to broker peace in Ukraine
Business
Amazon tests ‘ultra-fast’ deliveries in two US cities
San Francisco, United States - Amazon on Monday began testing "ultra-fast" deliveries in two US cities, giving some shoppers the...
- Amazon is piloting its new “Amazon Now” feature in select neighbourhoods, offering items ranging from groceries to electronics
- Delivery fees for the ultra-fast service start at $3.99 for Prime members and $13.99 for non-members
Business
Bid by Netflix for Warner Bros Discovery signals streaming giant’s ambition to dominate global content production
Streaming giant Netflix has made a mostly cash offer to buy TV and film group Warner Bros Discovery as the...
- Netflix joined Paramount Skydance and Comcast, the owner of NBCUniversal, in a second round of an auction that was being negotiated throughout the US Thanksgiving holiday
- The parent company of HBO, CNN and the Warner Bros film studio officially put itself up for sale in October after receiving multiple unsolicited offers
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Erdogan pushes Putin on ‘limited ceasefire’ at ports, energy facilities in Russia-Ukraine war
Speaking on the sidelines of a summit in Turkmenistan, Erdogan told Putin that efforts to end the war were valuable,...
Geostrategy
Company News
Latest News
Rescue efforts begin as at least 132 die, hundreds injured in Nepal quake
The quake was felt as far away as India's capital New Delhi, nearly 500 km from the epicentre, 42 km...
100 killed in fire during wedding at Iraq event hall
At the main hospital in Hamdaniyah -- a predominantly Christian town east of Mosul that is also known as Qaraqosh...
Ailing US explorer rescued after nine days in Turkish cave
The 40-year-old explorer developed stomach problems while examining the depths of the Morca Cave, a remote complex of twisting underground...
Sad day for America, says Trump after court appearance
Former US president Donald Trump pleaded not guilty on Thursday to criminal charges that he conspired to overturn the results...
OceanGate co-founder hits back at James Cameron over Titanic sub
Soehnlein stressed it was too soon to say what happened to the Titan and that it was "tricky to navigate"...
Mediators Qatar and Egypt call for next steps in fragile Gaza truce
"Now we are at the critical moment... A ceasefire cannot be completed unless there is a full withdrawal of the...
Geostrategy
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...
Economy
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...
Geostrategy
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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.