Russia is reeling as new Western sanctions have effectively wiped out up to 45% of its market share in China, its biggest customer. A "buyers' strike" has hit 400,000 barrels a day of trade, according to Rystad Energy AS.
The pullback is comprehensive. State-owned firms Sinopec and PetroChina are avoiding Russian cargoes following US sanctions on Rosneft and Lukoil. Private "teapot" refiners are also in...
Nvidia's historic $5.05 trillion valuation is built on a foundation of massive, concrete demand, highlighted by the $500 billion in chip orders recently disclosed by CEO Jensen Huang. The company crossed the $5 trillion mark on Wednesday, a world first.
This massive order book is the primary reason the company's value leaped from $4 trillion to $5 trillion in just three months. The "ravenous appetite"...
President Donald Trump and President Xi Jinping will hold high-stakes talks in South Korea this Thursday, as trade tensions between their nations have spiked...
During Tesla's earnings call, Elon Musk explicitly connected the company's future to the outcome of the November 6 compensation vote, arguing that his trillion-dollar...
Trade relief and operational excellence are combining to create a stronger outlook at General Motors. The company now projects adjusted core profits between $12...
The International Monetary Fund (IMF) has delivered a mixed report card for the UK economy, upgrading this year's growth forecast while simultaneously issuing a...
Global financial stability is facing a two-pronged threat, according to the Bank of England's Financial Policy Committee (FPC). The first is a rapidly inflating...
OpenAI, the pioneering firm behind ChatGPT, has taken a decisive step to secure its computational future by signing a multibillion-dollar deal with chipmaker AMD....
The UK government's strategic reintroduction of an electric car grant has successfully supercharged the market, leading to a record high in electric vehicle (EV)...
A Chinese AI firm, DeepSeek, has unveiled a groundbreaking experimental model designed to excel at processing long sequences of text, a critical capability for...
The Net Zero Banking Alliance (NZBA), a United Nations-convened group designed to steer the banking industry toward a sustainable future, has been officially shut...
