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"...
European business leaders are expressing alarm over what they call a "strange interpretation" of trade rules by the United States, which could see a...
In a historic convergence of hardware and software, Nvidia and OpenAI have announced a strategic partnership backed by a potential $100 billion investment from...
Prime Minister Keir Starmer’s Labour government has received a major endorsement of its economic strategy, with Google unveiling a £5 billion ($6.80 billion) investment...
President Donald Trump has put NATO on notice, declaring that any new major U.S. sanctions against Russia will only be implemented after every single...
Elon Musk stands on the precipice of making financial history, with Tesla proposing a pay package that could make him the world's first trillionaire....
The iconic American clothing company Levi's has voiced concern that a growing anti-American sentiment, which it links to the policies of the Trump administration,...
Washington appears to be pursuing a contradictory foreign policy, engaging in high-stakes energy negotiations with Russia while simultaneously imposing severe economic penalties on India...
