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Global EV Sales Rise 18% in January as Europe and U.S. Outpace China

Feb 12, 2025 02:13 am UTC| Economy Technology

Global electric vehicle (EV) and plug-in hybrid (PHEV) sales rose 18% year-on-year in January, reaching 1.3 million units, according to Rho Motion. For the first time since February 2023, growth in Europe and the U.S....

Elon Musk’s $97.4B Bid for OpenAI Sparks Controversy

Feb 12, 2025 02:12 am UTC| Technology Business

OpenAIs board has yet to receive a formal bid from Elon Musks consortium, despite his lawyer claiming the offer was sent to OpenAIs outside counsel. Musk proposed a $97.4 billion buyout for OpenAIs nonprofit entity, aiming...

Tesla Stock Plummets as China Sales Drop and Musk Faces Distractions

Feb 12, 2025 02:11 am UTC| Technology Business

Tesla Inc. (NASDAQ: TSLA) tumbled 6.3% on Tuesday to $328.50, its lowest level since November, extending its decline as the worst-performing Magnificent Seven stock in 2025. Shares dipped another 0.5% in after-hours...

Meta Stock Extends Rally as AI Investments Drive Optimism

Feb 12, 2025 02:11 am UTC| Technology Business

Meta Platforms Inc. (NASDAQ: META) continues its remarkable rally, closing higher for the 17th consecutive session on Tuesday. The stock has surged 18% over the past four weeks, up 22% year-to-date and 54% over the last...

Elon Musk’s $97.4B Bid to Acquire OpenAI Faces Rejection from Sam Altman

Feb 11, 2025 08:05 am UTC| Technology Business

Elon Musks consortium has offered $97.4 billion to acquire OpenAIs nonprofit arm, escalating tensions between Musk and OpenAI CEO Sam Altman over the AI companys shift to a for-profit model. Altman quickly dismissed the...

CATL Eyes $5 Billion Hong Kong Listing Amid Market Challenges

Feb 11, 2025 04:46 am UTC| Technology Business

Chinese battery giant Contemporary Amperex Technology Co. (SZ:300750), or CATL, is reportedly preparing to file for a Hong Kong listing this week, aiming to raise at least $5 billion. According to sources cited by Reuters,...

BYD’s Smart Driving Push Sparks Price War Concerns, Pressures Rivals Xpeng and Geely

Feb 11, 2025 04:45 am UTC| Technology Business

Shares of Chinese EV makers Xpeng (NYSE:XPEV) and Geely Auto (HK:0175) plummeted on Tuesday, down 5.9% and 7.2%, respectively, following BYDs (SZ:002594) game-changing move to offer advanced driver-assistance systems...

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Economy

Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation

Morgan Stanley believes the Federal Reserve will push forward with interest rate cuts in 2026, even as rising oil prices temporarily inflate headline inflation figures. According to the banks analysts, the current...

China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says

Goldman Sachs analysts believe China is among the best-positioned major economies to weather the current oil price shock stemming from escalating Middle East tensions, citing the countrys diversified energy strategy,...

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict

A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with...

Politics

Trump Eyes Cabinet Shake-Up Amid Iran War Political Fallout

President Donald Trump is weighing a significant cabinet reshuffle as political pressure mounts over the ongoing U.S.-Iran conflict, according to Reuters, citing sources close to internal White House deliberations. The...

Iran Tightens Grip on Strait of Hormuz as Israel Prepares Strikes and Oil Markets Spiral

Tensions between Israel and Iran have reached a critical flashpoint, with Israeli defense officials confirming preparations for potential strikes on Iranian energy infrastructure, pending U.S. authorization. The...

U.S. and Israel Escalate Pressure on Iran Over Strait of Hormuz as War Enters Sixth Week

Six weeks into the U.S.-Israeli military conflict with Iran, tensions are reaching a critical point as President Donald Trump issued a 48-hour ultimatum demanding that Tehran open the Strait of Hormuz or face devastating...

Israel Poised to Strike Iranian Energy Sites, Awaiting U.S. Approval

Israel is reportedly preparing to launch military strikes against Iranian energy infrastructure, but is holding off pending authorization from the United States, according to a senior Israeli defense official who spoke out...

U.S. Envoys Witkoff and Kushner Expected to Visit Kyiv in April Amid Stalled Peace Talks

Senior Ukrainian presidential aide Kyrylo Budanov confirmed on Saturday that U.S. special envoys Steve Witkoff and Jared Kushner are expected to travel to Kyiv in April, marking what would be their first official visit to...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Digital Currency