BUSINESS
SoftBank’s 40% slide from peak shows worry over giant OpenAI bet
The Japanese tech investor sits at the forefront of a global AI selloff amid worries about new pressure on OpenAI following Alphabet Inc.’s Gemini 3.0 debut
WORLD
Space force awards secret contracts for Golden Dome interceptors
The US Space Force has quietly awarded multiple prototype contracts for space-based missile interceptors, advancing President Trump’s ambitious Golden Dome defense program.
WORLD
Was ChatGPT responsible for US teen's death by suicide? OpenAI clarifies after family's lawsuit
In a court filing Tuesday, the artificial intelligence startup called the death of California high school student Adam Raine 'a tragedy'
WORLD
SoftBank completes acquisition of chipmaker Ampere Computing
The Japanese company said in a statement Wednesday that the impact of the deal on its finances and earnings is under review
WORLD
China property crisis thrust back into spotlight by Vanke plunge
Once China’s largest developer and now a bellwether for the nation’s struggles to staunch broader property woes, Vanke plunged in credit markets this week
WORLD
Trump denies reports of firing FBI Director Kash Patel, praises his work
President Trump dismissed claims he might replace FBI Director Kash Patel, calling him “great” amid controversies over Patel’s social media posts and travel.
AUTOMOBILE
Ola’s Bhavish Aggarwal hopes for turnaround with new home battery storage
Investors are balking at joining the company’s new Rs 1,500 crore fundraising plan given the EV maker’s deteriorating sales and financial health
BUSINESS
Gold wavers as traders weigh hopes of US rate cut, Ukraine peace
Bullion was trading around $4,135 an ounce, having ended the previous session little changed
BUSINESS
What to watch in commodities as US pushes Ukraine peace deal
Whether commodities markets are about to reshuffle again in the next few months will be shaped by if the conflict is halted
BUSINESS
Asian stocks extend gains on Fed rate-cut bets
Gauges in Japan, South Korea and Australia all rose at the open after the S&P 500 Index rose 0.9% and the Nasdaq 100 climbed 0.6%.
WORLD
Steve Witkoff advised Russia on how to pitch Ukraine plan to Donald Trump
At the time of the Witkoff-Ushakov call, Trump was basking in the success of his drive to end the war in Gaza
BUSINESS
US stocks advance as rate cut hopes drive third day of gains
Alphabet shares jumped 1.5%, moderating earlier gains, after a report that Meta Platforms Inc. was in talks to spend billions on Google’s artificial-intelligence chips.
WORLD
Kevin Hassett emerges as frontrunner in Trump Fed Chair audition
TECHNOLOGY
Google, the sleeping giant in global AI race, now ‘fully awake’
Google owner Alphabet Inc.’s shares rose as much as 3.22% in New York on Tuesday.
TECHNOLOGY
Nvidia-Google AI chip rivalry escalates on report of Meta talks
Meta is in discussions to use the Google chips — known as tensor processing units, or TPUs — in data centers in 2027
CRYPTOCURRENCY
Crypto crash ruins Thanksgiving for retail traders once again
After a massive rally following President Donald Trump’s election, Bitcoin is currently on track for its worst month since 2022
BUSINESS
France to spend $150 million uprooting vines as wine demand dips
France cut its estimate for this year’s wine output to below 2024’s historically low level, after heat waves and wildfires hit vineyards.
INDIA
Banks consider financing non-sanctioned Russian oil trade
That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday
WORLD
New alcohol stores to open in Saudi Arabia for some non-muslims
The kingdom is building two liquor shops in the Red Sea port city of Jeddah and Dammam in the east
INDIA
India to make air-to-ground weapon at home with France’s Safran
Indian defence contractor Bharat Electronics and France’s Safran Electronics & Defense have signed an agreement to manufacture a precision-guided weapon system in the South Asian nation
BUSINESS
ABN Amro’s new CEO seeks to slash 5,200 jobs in major revamp
The net reduction compared to last year’s headcount is anticipated to be completed over the next three years and half of it will take place through attrition, the Dutch lender said in a statement
WORLD
Donald Trump moves to keep Xi Jinping truce intact while reassuring ally Japan
Stocks in Hong Kong and China cheered Trump’s efforts to prevent ties spiraling, with a tech rally leading a rise in shares
INDIA
China’s soyoil exports to India surge on growing domestic glut
Asia’s largest economy shipped a record 70,877 tons of the cooking oil in October, according to customs data, most of which went to India
TECHNOLOGY
SoftBank Group shares tumble on OpenAI competition worries
The stock sank as much 11% on Tuesday, following a 10.9% dive in the previous session before Japan’s long weekend
