Author: Editor-In-Chief
1997 F1 world champion Jacques Villeneuve says Oscar Piastri has struggled to match title rival and McLaren teammate Lando Norris in recent weeks because he was “already at his limit”.Piastri appeared to be on track to win his first drivers’ championship when he won the Dutch Grand Prix in late August, his seventh win in the opening 15 races and a 34-point lead over Norris. But the 24-year-old Australian has not won in five races since then, failing to even finish on the podium in the last four races, with a resounding victory at the Mexico City Grand Prix giving…
Saudi Aramco’s Ras Tanura oil refinery and oil terminalAhmed Jadala | ReutersSaudi Aramco on Tuesday posted a 0.9% rise in third-quarter profit, beating expectations on higher production despite oil prices remaining under pressure.The world’s largest oil company reported adjusted net profit of 104.92 billion Saudi riyals ($27.98 billion) for the quarter, beating analysts’ expectations of 98.47 billion Saudi riyals, according to a consensus compiled by LSEG.The results come as Aramco faces profit pressure amid weak oil prices (down more than 6% this year through September, except for a temporary spike in the second quarter caused by tensions between Israel and…
Photo | Future Publishing | Getty Images The jack-of-all-trades may have secured its biggest customer yet.On Monday, Amazon announced a $38 billion deal with OpenAI to provide the ChatGPT maker with access to Amazon Web Services’ infrastructure.On the one hand, the move isn’t all that surprising and is a continuation of OpenAI’s splurge to secure resources to run its power-hungry artificial intelligence models.On the other hand, OpenAI comes into play Amazon Shows that companies are diversifying away from dependence microsoftwas the company’s exclusive cloud service provider until this year. This could suggest that OpenAI is preparing for an initial public…
Trent Alexander-Arnold will return to Real Madrid’s Anfield on Tuesday for the first time since leaving Liverpool last summer, but the Reds and their fans will probably be without a right-back more than they would like to admit.It has been almost six months since Alexander-Arnold confirmed one of football’s worst-kept secrets by announcing that, unlike Mohamed Salah and Virgil van Dijk, he would not sign a new contract with the club to pursue a “new challenge” in the Spanish capital, as he told Prime Video Sports before the match. The fact that this is a local boy and the vice-captain…
Whether the market is ahead of the curve on artificial intelligence is a hot topic for investors right now.Last week, billionaire investor Ray Dalio said his “bubble indicator” was relatively high, while Federal Reserve Chairman Jerome Powell said the AI boom was “different” from the dot-com bubble.For Magnus Grimeland, founder of Singapore-based venture capital firm Antler, it’s clear the market is not overheating. “I don’t think we’re in a bubble by any means,” he said on CNBC’s “Beyond the Valley” podcast, citing several reasons.Grimeland said the speed at which AI is being introduced into enterprises is remarkable compared to other…
Binance CEO Richard Teng attended the DC Blockchain Summit held in Washington, DC, USA on Wednesday, March 26, 2025. Bloomberg | Bloomberg | Getty ImagesBinance CEO Richard Teng dismissed claims that the cryptocurrency exchange contributed to the growth of the Trump-backed stablecoin before former CEO Zhao Changpeng received a presidential pardon.The allegations in question relate to a $2 billion investment that Binance received from Abu Dhabi’s state-owned investment company MGX. The transaction was settled using USD1, a stablecoin created by the Trump family’s crypto venture, World Liberty Financial. MGX’s investment and Binance’s subsequent listing of USD1 on the exchange helped…
President Turkiye called on Israel to end repeated violations of the US-brokered Gaza ceasefire and allow vital humanitarian aid to flow into the warring Palestinian enclave.Turkiye Foreign Minister Hakan Fidan issued the statement after top diplomats from several Arab and Islamic countries met in Istanbul on Monday to discuss the UN mission of the International Stabilization Force in Gaza, as proposed by US President Donald Trump in his 20-point plan to end the war.Recommended stories list of 4 itemsend of listTurkiye hosted the foreign ministers of Qatar, Saudi Arabia, the United Arab Emirates, Jordan, Pakistan and Indonesia at the summit.After…
Holding an elegant black box with the words “World’s Best Rice” embossed in gold, Japanese chef Kenichi Fujimoto tilts his head and smiles, a slightly skeptical look on his face. “These things are often very commercial and not necessarily good,” says the chef and owner of Hong Kong-based Sushi Fujimoto, pointing to a pot of rice simmering in his kitchen. With more than 20 years of experience working under a Michelin-starred sushi chef, the chef has encountered countless types of rice. But nothing like this. The makers of Kinmemai Premium not only claim that it is the best rice in…
Hong Kong, China – 2025/03/01: This photo illustration shows perplexity’s artificial intelligence (AI) apps DeepSeek and ChatGPT on a smartphone screen.Sopa Images | Light Rocket | Getty ImagesAs companies pour billions of dollars into artificial intelligence, HSBC Chief Executive Georges Ergederi warned on Tuesday of the mismatch between investments and returns.Speaking at the Global Financial Leaders Investment Summit in Hong Kong, Elhederi said the scale of investment poses a challenge for companies, saying that while computing power for AI is essential, current revenue profiles may not justify such large expenditures.Morgan Stanley predicted in July that global data center capacity will…
Kimberly-Clark is spending $40 billion to buy Kenvue in a blockbuster deal that has confused some investors as the Tylenol maker struggles with poor sales, lawsuits and a White House attack over the painkiller’s link to autism.Kimberly-Clark shares plunged after Monday’s announcement as shareholders scrutinized the 46% premium being paid to the former Johnson & Johnson unit, which has had a tumultuous year.Recommended stories list of 4 itemsend of listKenvue fired its CEO in July and has come under fire from President Donald Trump over unproven claims that using Tylenol during pregnancy can cause autism in children.Kenview stock, which had…