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U.S. And China Will Have Their First AI Discussions Within "Weeks" Despite The Current TikTok Impasse

Profits For Big Oil Companies Decline As Natural Gas Prices Plummet.

Google's Parent Company Declares Its First-Ever Dividend; Sales And Profit Exceed Expectations; Shares Rise

Microsoft Surpasses Wall Street Expectations Thanks To Its Investment In AI

The Aftereffects Of A Social Media App Ban: The Demise Of India's TikTok

India's MDH Claims That Despite Quality Claims, Its Spices Are Safe

Elon Musk Will Talk About Allowing Fully Autonomous Driving In China

Tesla's Self-Driving Ambition In China Confronts Rivals Rushing Ahead

Companies
GM Suspends Paid Twitter Advertising For The Time Being

GM Suspends Paid Twitter Advertising For The Time Being

After Elon Musk successfully completed his takeover of the social media company, General Motors Co. declared that it had temporarily stopped running paid advertisements on Twitter.   The biggest car manufacturer in the United States stated that it was "engaging with Twitter to understand the...
The Fund Providers For Trump's Truth Social Platform

The Fund Providers For Trump's Truth Social Platform

Since former US President Donald Trump founded a new media company to compete with Twitter, there has been speculation about who provided the funding. Trump, however, did not. So, who did it?   A stash of material submitted by attorneys representing William Wilkerson, a former executive who...
Uralsib Will Purchase Citi's Russian Personal Installment Loan Portfolio

Uralsib Will Purchase Citi's Russian Personal Installment Loan Portfolio

Citigroup Inc said its Russian unit agreed to sell a portfolio of personal installment loans to commercial bank Uralsib as the major US lender seeks to exit the country and reduce its exposure to Russia.   If customers agree, the bank will also sell a portfolio of credit card balances....
At Twitter, Elon Musk handles free speech vs 'hellscape'

At Twitter, Elon Musk handles free speech vs 'hellscape'

Elon Musk, the billionaire owner of Twitter Inc, was deluged with pleas and demands from banned account holders and world leaders just hours after launching a new era.   The flood of requests highlights the challenge that Tesla Inc's CEO faces in balancing a promise to restore free speech...
Investors Who Waited For Musk's Twitter Deal Will Be Rewarded

Investors Who Waited For Musk's Twitter Deal Will Be Rewarded

The world's richest man is about to make a swath of already wealthy investors even wealthier.   Firms that invest for wealthy clients, such as Pentwater Capital, Millennium Management, Adage Capital Partners, and Greenlight Capital, could earn hundreds of millions of dollars after Elon Musk...
Exxon's Record-Breaking Third-Quarter Profit Nearly Matches Apple's

Exxon's Record-Breaking Third-Quarter Profit Nearly Matches Apple's

Exxon Mobil Corp blew past expectations on Friday, posting a record-breaking quarterly profit that nearly matched that of tech behemoth Apple.   Its $19.66 billion net profit for the third quarter far exceeded recently raised Wall Street forecasts, as skyrocketing natural gas and high oil...
ANZ's Annual Income Increase Due To A Home Loan Increase And Higher Interest Rates

ANZ's Annual Income Increase Due To A Home Loan Increase And Higher Interest Rates

Australia and New Zealand Banking Group Ltd announced a larger annual cash profit, exceeding market expectations, with its home loan division getting better and higher interest rates increased the margins of the bank in the second half.   After an revamp to take...
Barclays Exceeds Profit Forecast Due To Trading Boom

Barclays Exceeds Profit Forecast Due To Trading Boom

On Wednesday, Barclays beat expectations with a small increase in third-quarter profit, as strong performance in fixed income trading reduced loan loss charges and helped it recover from a costly trading error.   In July-September, the British bank earned a profit before tax of 2 billion...
Internal Documents Show That Twitter Is Losing Its Most Active Users

Internal Documents Show That Twitter Is Losing Its Most Active Users

Back in April, billionaire Elon Musk wondered: "Is Twitter dying?" That was just five days before making an offer to purchase the social media platform.   According to internal Twitter research obtained by Reuters, the reality extends far beyond the handful of examples of celebrities...
Microsoft Ramps Up Its Search For Chinese Gaming Hits As It Competes With Sony

Microsoft Ramps Up Its Search For Chinese Gaming Hits As It Competes With Sony

According to reports quoting sources, Microsoft Corp is stockpiling Chinese video game content in order to replicate Sony Group Corp's success with "Genshin Impact," cementing China's transition from a land of players to a hub of blockbuster developers.   The U.S. software giant and...
Toyota Is Rushing For An EV Resetting As It Aims To Tackle Tesla

Toyota Is Rushing For An EV Resetting As It Aims To Tackle Tesla

Toyota is rethinking its electric-car strategy in order to rival in a thriving market that it has been slow to enter, and has halted some work on existing EV projects, according to four people with knowledge of the still-developing plans.   If embraced, the proposals under consideration...
Facebook Has Threatened To Block News Content In Response To Canada's Revenue-Sharing Bill

Facebook Has Threatened To Block News Content In Response To Canada's Revenue-Sharing Bill

Concerned about regulations that would require digital platforms to pay news publishers, Facebook has cautioned that it may block the sharing of news content on its platform in Canada.   In a move similar to a ground-breaking law passed in Australia last year, the Online News Act,...
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World

Global Warming Causes The First 12-Month Period Above 1.5C

Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...

2023 Was The Second-Warmest Year Ever For The UK

2023 Was The Second-Warmest Year Ever For The UK
The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused...

Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels

Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels
On the last day of the global conference, the proposed language for a COP28 climate agreement that does not call for the phase-out of fossil fuels has come under heavy fire from influential figures,...

Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds

Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds
Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move...

The Rise of India and the Decarbonisation of its Economy

The Rise of India and the Decarbonisation of its Economy
Ranked 14th in the world for gas consumption in 2022, with a growing dependence on imports, India plans to further increase its use of LNG. This appetite stems from both the economic development of...

People

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...

Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues

Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues
Employees in Asia are under "significant mental health strain," with 82% at moderate to high risk of being depressed.   According to a recent study by insurance broker Aon and TELUS Health,...

The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail

The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail
On Thursday, FTX founder Sam Bankman-Fried agreed to a bail deal that would see him released on a $250 million bond secured against his parents' property, with movement restrictions.  ...

Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool

Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool
Less than two months after taking over as CEO of the social media platform, Elon Musk faced backlash from Twitter users who voted in a poll for him to resign.   According to the poll the...