Business News

Business

Oil Prices Stabilize Near $90 Amid Supply Scarcity and Investor Caution

Oil prices have stabilized near $90 as supply scarcity and investor caution create a balancing act in the market. Despite physical crude cargoes commanding hefty premiums and promp...

Business

Vietnam Seeks Trade Deal with Mercosur: A Boost for Brazilian President Lula's Global Vision

Brazilian President Luiz Inacio Lula da Silva announced Vietnam's interest in a trade deal with the Mercosur bloc. This move comes as Mercosur seeks to finalize a trade deal with t...

Business

Amazon Unveils AI Supercomputer with Apple as New Customer

Amazon's cloud unit has unveiled new data center servers packed with its own AI chips, challenging Nvidia's dominance in the AI chip market. Apple has come aboard as a customer to ...

Business

Meta Ventures into Nuclear Power: Seeking Developers for AI and Environmental Goals

Meta announced its plan to seek proposals from nuclear power developers to meet its AI and environmental goals, aiming to add 1 to 4 gigawatts of new U.S. nuclear generation capaci...

Business

Apple and Google Join Forces to Defend Search Deal Against Regulatory Scrutiny

Apple Inc. and Alphabet Inc.'s Google have agreed to 'support and defend' their lucrative search engine deal against government scrutiny, according to Apple's Senior Vice President...

Business

Gold Resists Hawkish Powell's Impact Amid Data-Heavy Week

Gold held its ground on Monday as investors digested hawkish comments from Federal Reserve Chair Jerome Powell before a slew of U.S. economic data this week that is expected to she...

Business

Amazon Unveils Cutting-Edge AI Models to Revolutionize Content Creation

Amazon has announced a new suite of AI platforms at its AWS conference, aiming to compete with rivals like Adobe and Meta in the AI-driven content creation market. The new 'Nova' m...

Business

Salesforce's Q3 Revenue Surges on Robust Cloud Demand

Salesforce reports a significant increase in third-quarter revenue, surpassing Wall Street estimates, driven by robust spending on its enterprise cloud portfolio. The company's new...