BERLIN, Dec 8 : Only a handful of automotive companies are likely to sustain ambitious artificial intelligence investment in the coming years, a study released on Monday showed, raising doubts over whether current industry “euphoria” will deliver…
Category: 1. Iran
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Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
HOUSTON, Dec 8 : Oil prices slipped 2 per cent on Monday after Iraq restored production at one of its oilfields which accounts for 0.5 per cent of world oil supply, while investors weighed ongoing talks to end the war in Ukraine.
Brent crude…
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NextEra, Google accelerate US data center build-out with new deals
Dec 8 : U.S. utility company NextEra Energy has expanded its partnership with Alphabet’s Google Cloud to build new energy supplies for the company’s operations across the U.S., the groups said on Monday.
NextEra and Google currently have 3.5…
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Robinhood to enter Indonesia with brokerage, crypto trader acquisition
Dec 7 : Robinhood Markets will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, marking the retail trading platform’s entry into one of Southeast Asia’s major crypto hubs, the…
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Japan’s JERA signs first long-term LNG export deal with India’s Torrent Power
NEW DELHI, Dec 8 : Japan’s top power generator JERA has signed its first long-term liquefied natural gas export deal with India’s Torrent Power to deliver 4 LNG cargoes annually for 10 years from 2027, the Japanese company said on Monday.
Torrent…
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IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms
Dec 8 : IBM said on Monday it will buy data infrastructure company Confluent in a deal valued at $11 billion, ramping up its cloud-computing offerings to capitalize on an AI-driven demand boom.
Big Blue, under CEO Arvind Krishna, has doubled…
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US dollar firms on expectations of limited Fed easing
LONDON/NEW YORK, Dec 8 : The U.S. dollar rose against major currencies on Monday in choppy trading ahead of a week packed with central bank meetings and headlined by the Federal Reserve, where an interest rate cut is all but priced in, but…
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Consumer watchdog raps Courts and Prism+ for misleading shoppers with unfair practices
When contacted for more information, CCS said that it has been “stepping up” enforcement against businesses that utilise dark patterns, or website design features to mislead or deceive customers.
It pointed to actions it took against Agoda and
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Indonesia to make exporters deposit earnings in state banks, finance ministry says
JAKARTA, Dec 8 : Indonesia plans from January 1 to require natural resource exporters to retain all foreign currency earnings in state-owned banks for at least a year, and limit their use, finance ministry officials said on Monday.
Indonesia has…
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Exclusive-SoftBank, Nvidia looking to invest in Skild AI at $14 billion valuation, sources say
Dec 8 : Japan’s SoftBank Group and Nvidia are in talks to invest in Skild AI, in a more than $1 billion funding round that could value the maker of foundation models for robots at around $14 billion, according to sources and a term sheet seen by…
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