Abu Dhabi Expands Economic Horizons with China Through Strategic Trade and Investment Deals

Abu Dhabi Expands Economic Horizons with China Through Strategic Trade and Investment Deals

Strategic Agreements Signed to Bolster Economic, Trade, and Investment Cooperation  A high-profile economic delegation from Abu Dhabi, led by the Abu Dhabi Department of Economic Development (ADDED), has successfully concluded an official visit to China, culminating in a series of...
OpenAI

OpenAI’s ChatGPT Surpasses 400 Million Weekly Active Users Amid AI Boom

OpenAI, the Microsoft-backed artificial intelligence research lab, has seen its chatbot ChatGPT cross a staggering 400 million weekly active users in February, marking a sharp rise from 300 million in December, a company spokesperson told on Thursday. This milestone cements ChatGPT’s...
shipping

India Unveils Ambitious Strategy to Revitalize Shipbuilding Industry in Union Budget

The Government of India has unveiled a comprehensive strategy to invigorate its shipbuilding industry, marking a pivotal step in the country's economic and maritime aspirations. Announced in the Union Budget on February 1, the plan encompasses a multifaceted approach involving...
Coal waits to be transported at Guoyuan Port container terminal in Chongqing, China

China’s Energy Production: Coal and Renewables Locked in Competition Amid Clean Energy Boom

China’s Dual Energy Strategy at a Crossroads China’s energy production strategy in 2024 has been marked by both an unprecedented surge in renewable energy and a persistent reliance on coal, according to a new analysis by two think tanks, the...
Elon Musk

Elon Musk and Xavier Niel Engage in Unlikely Feud Amid AI Summit in Paris

Billionaire Spat Unfolds Over Social Media as AI Takes Center Stage An unexpected feud between two of the world's most influential tech moguls erupted Monday night when Elon Musk, CEO of Tesla and owner of X, hit back at French...
OpenAI

Elon Musk Leads $97.4 Billion Bid for OpenAI Nonprofit Amid Ongoing Legal Battle

A consortium led by billionaire Elon Musk announced on Monday an offer of $97.4 billion to acquire the nonprofit organization controlling OpenAI. The offer comes amid ongoing legal tensions between Musk and OpenAI CEO Sam Altman, underscoring a deepening rift...
Drone view shows a cargo ship and shipping containers at the port of Lianyungang

Trump Imposes 25% Tariffs on Steel and Aluminum Imports, Sparking Global Trade Tensions

U.S. President Donald Trump made good on his promise to impose a 25% tariff on steel and aluminum imports, escalating trade tensions with key global partners. The decision, unveiled just a day earlier aboard Air Force One while Trump was...
Google

China Strikes Back: New Sanctions Target Google and Other US Tech Giants Amid Escalating Trade Dispute

China announced a sweeping set of retaliatory measures on Tuesday targeting major US businesses, including tech giant Google, farm equipment manufacturers, and fashion conglomerate PVH Corp, the owner of brands such as Calvin Klein and Tommy Hilfiger. The move came...
Copper

Copper and Zinc Prices Rise Following Trump’s Tariff Delay on Canada and Mexico

U.S. President Donald Trump announced a one-month delay on imposing 25% tariffs on imports from Canada and Mexico. The announcement sparked optimism among traders, leading to a rise in copper and zinc prices, while dragging the U.S. dollar lower. This...
US Dollar - Chinese Yuan

Global Currency Markets Steady After Trump’s Tariff Suspension

Markets React to Optimism Over Temporary Respite from Trade War Escalation The Canadian dollar, Mexican peso, and euro remained steady against the U.S. dollar on Tuesday, following a tumultuous Monday marked by a sharp rebound from multi-year lows. The market...
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