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BUSINESS

  • China Takes Aim at Nvidia, Raising Antitrust Concerns Over Trump Tariff Fears China investigates Nvidia's acquisition of Mellanox, signaling concerns over U.S. tariff policies amid escalating trade tensions.
  • Saudi Arabia’s Price Cuts Send Shockwaves Through Oil Markets—Here’s Why Saudi Arabia cuts oil prices more than expected for Asian buyers, highlighting continued market weakness amid OPEC+ production delays.
  • Uber Teams Up with Chinese Firm WeRide for First Autonomous Taxi Service in Abu Dhabi Uber and WeRide launch a commercial robo-taxi service in Abu Dhabi, marking a step towards autonomous vehicle integration in ride-hailing.
  • Chinese EVs Are Taking Over the Market—BYD and Xiaomi Are Stepping on Tesla's Toes Chinese automakers dominate the EV market, with BYD and Xiaomi rising fast, while U.S. and European brands struggle to keep pace.
  • Is Microsoft’s $1.5 Billion AI Deal with UAE a Risky Gamble for U.S. Security? Microsoft invests $1.5 billion in G42, raising U.S. concerns over AI technology transfer to China amid national security scrutiny.
  • Dell Joins AI Race, Deploys GPUs for Musk’s Supercomputer Project in Memphis Dell Technologies secures a major share in AI chip servers, deploying GPUs for Musk's supercomputer project in Memphis.
  • Brazilian Prosecutors Sue Volkswagen for Exploiting Workers in 'Slave-like' Conditions Brazilian prosecutors have indicted Volkswagen for alleged human rights violations against former workers, seeking $27.5 million in damages.
  • NVIDIA’s Big Bet on Vietnam: $200 Million AI Factory and More NVIDIA partners with Vietnam to enhance AI development, marking a significant step for growth in Southeast Asia's tech landscape.
  • NVIDIA’s Huge Step in Vietnam: AI, Data Centers, and a Healthcare Acquisition NVIDIA plans to expand in Vietnam with a new AI R&D center and data center, marking a significant milestone for both parties.
  • Apple Struggles with AI Integration in China, iPhone 16 Features at Risk AI features for iPhone 16 may face delays in China due to challenges adapting Baidu's model for local users.
  • Cryptocurrency Exchanges Hit $10 Trillion in November Trading, Setting New Records Cryptocurrency exchanges saw record $10 trillion in trading volumes in November, driven by bullish trends and U.S. election optimism.
  • Russian Aluminum Imports to South Korea Jump 35% in Just One Month South Korea's Russian aluminum imports hit a 12-year high, driven by rising domestic demand and global supply chain shifts.
  • Intel’s Gelsinger Resigns, Gets $12 Million Payoff After Less Than 4 Years Pat Gelsinger, former Intel CEO, will receive a $12 million severance after resigning due to ineffective turnaround plans.
  • Elon Musk’s $101 Billion Compensation Deal in Jeopardy After Court Ruling Elon Musk's $56 billion compensation plan faces legal challenges as a court deems it inappropriate amidst rising CEO pay controversies.
  • Mattel Sued Over Shocking Adult Website Link on Kids’ Doll Packaging Mattel faces a lawsuit after a children's doll linked to an adult website, causing emotional distress for a mother and her daughter.
  • NVIDIA’s $3.3 Trillion Market Value Crashes—Apple Takes the Lead NVIDIA's stock fell over 4%, losing its title as the most valuable company amid U.S. export control concerns on China.
  • Gold Prices Likely to Stay Strong in 2025, Analysts Predict Barrick Gold Will Benefit Analysts predict gold prices will rise in 2024, benefiting Barrick Gold's production and reserves, despite recent fluctuations.
  • Microsoft 365 Outage Causes Chaos: Users Can't Access Emails, Calendars, and More Microsoft 365 faced disruptions in Outlook and Teams, affecting users globally. Recovery efforts are ongoing but slower than expected.
  • Meta Faces Major Antitrust Trial Over Instagram and WhatsApp Acquisitions Meta faces an antitrust trial in April 2025 over allegations of suppressing competition through acquisitions of Instagram and WhatsApp.
  • With Nvidia Slowing Down, Will Apple, Alphabet, and Tesla Steal the Spotlight in AI? Nvidia's stock lags despite strong earnings; analysts suggest broad market rally, focusing on sectors with rising profit estimates.
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