Tesla proposes package for Musk that could top $1 trillion

AFP|Published

Could Elon Musk's new compensation package from Tesla reach a staggering $1 trillion? Discover the ambitious plan that links Musk's pay to the company's future growth ...

OPEC+ confronts the next stage in battle for oil market share

Bloomberg|Published

As OPEC+ gears up for a pivotal meeting, the oil market braces for potential shifts in production strategy that could reshape global supply dynamics.

Digital loan sharks prey on inflation-hit Nigerians

AFP|Published

Facing a dire financial situation, Mariam Ogundairo turns to a loan app, only to find herself ensnared in a web of harassment and high interest rates. How are Nigerians ...

Trump's punishing tariffs test India's economic resilience

Fawzia Moodley|Published

Despite facing severe trade tariffs from the US, India demonstrates surprising economic resilience with record growth in its private sector, as the IMF raises forecasts ...

Google not required to sell Chrome in antitrust victory

AFP|Published

The landmark ruling came after Judge Amit Mehta found in August 2024 that Google illegally maintained monopolies in online search through exclusive distribution ...

US limits TSMC chipmaking tool shipments to China

AFP|Published

The move comes as the US Commerce Department moved to end the "validated end-user" (VEU) program allowing select foreign semiconductor manufacturers to export US-origin ...

ChatGPT to get parental controls after teen's death

AFP|Published

The lawsuit alleges that in their final conversation on April 11, 2025, ChatGPT helped 16-year-old Adam steal vodka from his parents and provided technical analysis ...

Alibaba shows progress in China AI push, lifting shares

Published

Alibaba Group Holding's impressive revenue surge from China's AI boom has reassured investors amid fierce competition with Meituan and JD. com. With a triple-digit ...

DeepSeek fuels return to profit for Chinese tech champion Huawei

Bloomberg|Published

Huawei Technologies reports a remarkable first-half profit, rebounding from losses as DeepSeek ignites a revolution in AI across China. Despite a 32% drop in net ...

Sotheby’s to bring auctions to Abu Dhabi, eyeing local rich

Bloomberg|Published

This December, Sotheby’s will debut its first auction series in Abu Dhabi, showcasing luxury items and marking the emirate's rise as a global art destination

Japan's Mitsubishi pulls out of key wind power projects

AFP|Published

Mitsubishi's withdrawal from three offshore wind power projects marks a significant setback for Japan's renewable energy ambitions, as the company cites rising costs ...

Elon Musk’s xAI sues Apple and OpenAI in expanding fight over competition

Washington Post|Published

Elon Musk's xAI has launched a lawsuit against Apple and OpenAI, claiming collusion to stifle competition and seeking billions in damages. This legal battle intensifies ...

China Evergrande Group delisted from Hong Kong stock exchange

AFP|Published

Shares of China Evergrande Group, once a titan in the property market, have been delisted from the Hong Kong Stock Exchange, marking a dramatic turn in its financial ...

US Fed chair leaves door open to interest rate cut in key speech

AFP|Published

Jerome Powell, chair of the US Federal Reserve, hints at possible interest rate cuts in a crucial speech, while warning of rising inflation risks and a weakening ...

Less tax, more luxury: millionaires flock to Dubai

AFP|Published

The United Arab Emirates and particularly Dubai have long welcomed wealthy people from nearby countries, and people helping millionaires to move there told AFP it ...

Nvidia chief says H20 chip shipments to China not a security concern

AFP|Published

The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns from ...

Trump says semiconductor tariffs coming soon

Published

US President Donald Trump is set to announce significant tariffs on steel and semiconductors, aiming to reshape the American economy. Discover how these impending ...

Australian court fines Qantas $59 million for illegal layoffs

AFP|Published

An Australian court has imposed a $59 million fine on Qantas Airways for illegally laying off 1,800 ground staff during the Covid-19 pandemic, marking a significant ...

Used Rolexes, Pateks are bright spot in struggling watch world

Bloomberg|Published

The luxury watch market is witnessing a surprising turnaround, with used Rolex and Patek Philippe timepieces leading the charge. Discover how the Bloomberg Subdial ...