Business / World Business

DeepSeek breakthrough raises AI energy questions 28 Jan 2025 - 02:04 pm

Bangkok: Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek's new chatbot is now...

Tesla, BMW take EU to court over China EV tariffs 27 Jan 2025 - 05:32 pm

Brussels: Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court,...

Chinese property giant Vanke warns of huge loss, CEO resigns 27 Jan 2025 - 02:01 pm

Beijing: Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had...

Can US deliver on its ‘3-3-3’ economic plan? 26 Jan 2025 - 10:11 am

Doha, Qatar: The global growth outlook this year is largely determined by actions and choices decided by the recently inaugurated Trump administration in...

Single women, rich millennials will fuel luxury real estate this year 25 Jan 2025 - 03:48 pm

Despite the vast destruction of the recent Los Angeles wildfires which destroyed some 12,000 structures, many of which were pricey single-family homes, the...

Bank of Japan hikes interest rate to 17-year high, signals more 24 Jan 2025 - 01:24 pm

Tokyo: The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the...

CNN laying off about 200 employees as part of shift to digital model 23 Jan 2025 - 11:12 pm

CNN, already beset by historically low television ratings, is laying off 6 percent of its staff, roughly 200 people, chief executive Mark Thompson...

Trump to take virtual centre stage in Davos 23 Jan 2025 - 11:35 am

Davos, Switzerland: Donald Trump on Thursday will star in an eagerly-anticipated online appearance at the World Economic Forum in Davos, addressing global elites...

Most Asian markets rise after Wall Street's AI-fuelled rally 23 Jan 2025 - 10:37 am

China: Asian equities mostly rose Thursday, cheered by another tech-fuelled run-up on Wall Street after Donald Trump's huge AI investment announcement, as traders...

China vows to import more goods after avoiding early US tariffs 23 Jan 2025 - 10:27 am

Beijing: Chinese Vice Premier Ding Xuexiang said China will expand its imports, hours after US President Donald Trump left the economy out of...

Major bank forecasts positive momentum for Australian economy 23 Jan 2025 - 10:25 am

Sydney: A leading projection of Australia’s economic activity has forecast slow but positive growth for 2025. The Westpac Banking Corporation, one of Australia’s...

Stock markets push higher as they track Trump plans and earnings 23 Jan 2025 - 10:23 am

London: US and European stock markets pushed higher yesterday as investors tracked earnings and President Donald Trump’s policy plans that are starting to...

United Airlines gains after profit outlook bucks winter doldrums 23 Jan 2025 - 10:22 am

Chicago: United Airlines Holdings Inc. predicted first-quarter profit well ahead of Wall Street’s estimates as the carrier capitalizes on unusually strong demand for...

Qatar, France discuss ways to enhance cooperation 23 Jan 2025 - 10:20 am

Davos: Minister of Commerce and Industry H E Sheikh Faisal bin Thani bin Faisal Al Thani met on Tuesday with Minister Delegate for...

Dollar falls as traders assess US tariff plan 23 Jan 2025 - 10:19 am

Singapore: The dollar drifted slightly higher yesterday in indecisive trading as a lack of clarity on President Donald Trump’s plans for tariffs kept...

Netflix shares soar to record high after gaining over 300 million subscribers 22 Jan 2025 - 10:06 pm

Netflix Inc. shares soared to a record high on Wednesday after the streaming giant reported its biggest quarterly subscriber gain in history, buoyed...

Trump's new plans cause oil prices fall 21 Jan 2025 - 06:39 pm

London:Oil prices fell on Tuesday after traders assessed US President Donald Trump's plans to boost domestic oil and gas production and delay imposing...

Arcapita, Parkway invest in portfolio of high growth Artificial Intelligence companies 21 Jan 2025 - 12:02 pm

Atlanta, United States: Arcapita Group Holdings Limited (Arcapita), the global alternative investment firm, announced its co-investment in a high-growth portfolio of Artificial Intelligence...