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BYD, a Chinese-owned carmaker backed by Warren Buffett, has become a significant player in the global automotive industry, challenging longtime EV leader Tesla. Previously dismissed by Elon Musk, BYD has overtaken Tesla as the leading seller of EVs worldwide and ...

Saudi Arabia's state oil company, Aramco, is reportedly planning to sell between $10 billion and $20 billion worth of its stock in a new offering, potentially as soon as this week. Currently, the Saudi state and its sovereign wealth fund, the ...

As the market anticipates the upcoming OPEC+ virtual meeting on Sunday to review production policy, U.S. crude oil prices have climbed more than 1%. OPEC+ members are currently withholding 2.2 million barrels per day from the market to support prices. Analysts ...

With less than six weeks until the UK General Election, analysts are eyeing the potential impact on the stock market, especially with polls suggesting a potential return of the center-left Labour Party after 14 years. Should Labour win, displacing the ...

Seoul is implementing reforms to address the 'Korea discount,' which has long depressed the valuations of its companies. Now, a growing number of Koreans, many young, are investing in stocks.From 2022 to 2023, Korea’s stock market capitalization rose by 23.1%, ...

Generative AI's growing popularity is creating significant energy challenges. AI systems powered by large language models (LLMs) are incredibly energy-intensive and require substantial computational resources. A recent study indicates that generative AI might consume up to 33 times more energy than ...

Ether's price continued its upward trajectory, adding 8.5% to $3,661.12 following a substantial 20% surge on Monday. This rally is driven by increasing optimism that the U.S. Securities and Exchange Commission (SEC) might approve spot ether exchange-traded funds (ETFs) ahead ...

Budget airline Ryanair has reported a significant 34% increase in full-year profits, reaching €1.92 billion, driven by a 21% hike in average fares. This surge comes despite rising fuel costs and delays in the delivery of new Boeing planes, which ...

China's ongoing property crisis, which began in 2021, has prompted significant interventions by Chinese authorities to stabilize the sector and mitigate its impacts on the world's second-largest economy. The People's Bank of China (PBOC) announced a $41.5 billion facility to support ...

This year, the S&P 500’s utility sector has gained 14%, making it the third-best-performing category, surpassed only by information technology and communication services. This marks a notable turnaround from last year's decline, during which utility stocks fell by over 10%, ...

Copper prices are approaching record highs as demand driven by renewable energy, electric vehicles, and artificial intelligence continues to grow. Year-to-date, copper prices have surged by 29%, with futures reaching $5 per pound as of May 15, the highest level ...

In the first quarter, the Chinese tech giant Tencent exceeded analyst expectations for both revenue and profit. This was driven by modest gains in its core gaming sector and enhanced profitability in its advertising and business services divisions.The company, known ...

In further evidence of the rush to take part in the AI revolution, SoftBank Group's subsidiary, Arm, is ready to enter the artificial intelligence chip market by 2025, targeting a sector experiencing explosive growth. The British chip designer, predominantly owned by ...

Once a symbol of aviation excellence, Air India saw its reputation tarnished after years of operational losses and subpar service. Now, the airline is going through a positive transformation under the Tata Group's leadership, which resumed control in October 2021. The ...

The Bank of England (BOE) is cautiously preparing for a summer interest rate cut, anticipated as early as June, though more likely by August or September, as signs point towards an easing inflationary trend. Currently, interest rates stand at 5.25%, a ...