Adnan Rasheed
Shares of Trilogy Metals surged more than 220% in premarket trading Tuesday after the US government announced a 10% stake in the Canadian minerals explorer, marking a significant move in Washington’s efforts to secure domestic sources of critical minerals. The White House said late Monday it will invest $35.6 million in Trilogy Metals to support … Read more
Oil prices climbed for a second consecutive session on Tuesday after OPEC+ announced a smaller than expected production increase for November, easing investor concerns over a potential supply glut. The restrained output decision suggests the coalition remains wary of oversupplying the global market amid mixed economic signals and ongoing geopolitical tensions. By 0623 GMT, Brent … Read more
TOKYO — Microsoft Corp. has entered a new solar deal in Japan, purchasing 100 megawatts of capacity from local developer Shizen Energy to supply its growing data center operations with clean power. Announced late last week, the 20 year agreement covers four solar projects across Japan one already operational and three under construction. The deal … Read more
PARIS — France plunged deeper into political uncertainty Monday after Prime Minister Sébastien Lecornu resigned just 14 hours after naming his cabinet, marking the third failed attempt by President Emmanuel Macron to stabilize his government this year. The abrupt departure underscores Macron’s waning influence and growing difficulties in securing parliamentary backing, particularly from the conservative … Read more
NEW YORK — Verizon Communications on Monday named Dan Schulman, the former chief executive officer of PayPal, as its new CEO, replacing Hans Vestberg in a leadership transition designed to steer the telecommunications giant through a period of slowing growth and rising competition in the US wireless market. The move marks one of the most … Read more
CINCINNATI — In a major move signaling continued consolidation among regional lenders, Fifth Third Bancorp announced Monday it will acquire Comerica Inc. in an all stock deal valued at $10.9 billion. The Fifth Third Comerica deal will create the ninth largest US bank, with combined assets of approximately $288 billion, expanding the institution’s footprint across … Read more
SAN FRANCISCO — Shares of Advanced Micro Devices (AMD) surged more than 25% in premarket trading Monday after OpenAI announced plans to acquire up to a 10% stake in the semiconductor company as part of a sweeping partnership to deploy AMD’s high performance Instinct GPUs for artificial intelligence infrastructure. The agreement one of the largest … Read more
Shanghai, China — China’s manufacturing sector continues to hum despite demographic headwinds, with nearly 300,000 new industrial robots installed last year, helping offset a declining workforce and maintaining the nation’s edge as the world’s largest manufacturing hub. The country installed 295,000 industrial robots in 2024, according to the International Federation of Robotic World Robotics Report, … Read more
LONDON — Nearly 30 million people in the United Kingdom who purchased Apple or Samsung smartphones between 2015 and 2024 could be entitled to an average payout of about £17 if consumer group Which? succeeds in its case against US chipmaker Qualcomm. The case, which began Monday in the Competition Appeal Tribunal in London, alleges … Read more
Elon Musk, CEO of Tesla and SpaceX, has called on Netflix subscribers to cancel their subscriptions following the release of a new Transformers cartoon, Transformers Earthspeak, citing concerns over its portrayal of gender identity. Musk made the statement on his social media platform X, claiming the show promotes “woke gender identity propaganda.” The announcement comes … Read more
