Oil prices fell on Thursday as investors assessed the risk of supply disruptions following attacks on ships in the Strait of Hormuz and considered the outlook for global crude supplies outlined in
Central banks around the world have been steadily increasing their gold reserves, with 2024 marking the third consecutive year that global gold purchases surpassed the 1,000 metric tons (MT) threshold. According to
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Tesla has issued a recall for more than 46,000 Cybertrucks in the United States over a critical safety issue, marking another setback for the highly anticipated electric pickup truck. The company announced
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Siemens, one of Germany’s largest industrial companies, has announced plans to cut over 6,000 jobs worldwide as part of a major restructuring effort. The layoffs, which are set to affect employees in
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Costco is exerting pressure on its suppliers in mainland China to lower prices in response to escalating US tariffs, a move that adds to the growing risks of scrutiny from Beijing amid
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Samsung Electronics has vowed to pursue bold acquisitions and deal-making in 2025 as part of a “do or die” bid to revive its growth. This promise comes after the South Korean tech
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Shares of Chinese car-sensor maker Hesai dropped by 7.8% on Tuesday following a report by Blue Orca Capital, a Texas-based short-seller, which accused the company of misleading investors over its financial performance
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Several significant investments in the maritime sector have been announced, showcasing a global push to enhance port infrastructure, green shipping solutions, and technological advancements within the industry. India’s $5.8 Billion Inland Waterways
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The recent decision by Hong Kong conglomerate CK Hutchison to sell its stakes in two Panama Canal ports to American asset manager BlackRock has drawn significant backlash from Beijing, thrusting the American
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Harvard University has announced a groundbreaking policy to eliminate tuition fees for students from households earning below $200,000. The move, which will take effect in September, promises that 86% of American families
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Anduril Industries, one of the leading American defense start-ups, is planning to establish a drone manufacturing facility in the UK, further expanding its operations beyond its $1 billion factory in Ohio. The
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The International Maritime Organization (IMO) is spearheading efforts to modernize the global shipping industry with a comprehensive digitalization strategy aimed at boosting efficiency, safety, and sustainability. During its 49th session in London
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Shares of Chinese electric vehicle (EV) leader BYD surged to a record high on Tuesday following groundbreaking claims by the company’s founder, Wang Chuanfu. The company’s stock jumped more than 6% to
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In India’s rapidly growing economy, where convenience and instant service have become the norm, a new innovation is making waves: the “Insta Maid” service, offered by Mumbai-based company Urban Company. Similar to
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A research team from the Dalian Institute of Chemical Physics (DICP), part of the Chinese Academy of Sciences, has announced a pioneering advancement in lithium battery technology, allowing drones to operate reliably
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Despite the perception that oil piracy is a thing of the past, the danger of petro-piracy continues to be a pressing issue for the global oil industry. Petro-piracy refers to the hijacking
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