Adnan Rasheed
Gold experienced a dramatic price crash on Tuesday, posting its sharpest one day decline in five years as a stronger dollar and profit taking by investors halted the yellow metal’s record breaking rally. Spot gold dropped 5.5 percent to $4,115.83 per ounce by mid morning in New York, while US gold futures for December delivery … Read more
The rapid rise of artificial intelligence is fueling unprecedented demand for data centers vast facilities that process and store the world’s digital information. But as these centers multiply across the globe, their growing appetite for electricity and land is creating new environmental and logistical challenges. Now, several organizations are looking skyward for a solution building … Read more
SEATTLE — Amazon, the second largest private employer in the United States, is preparing for one of the biggest transformations in its history. According to internal planning documents reviewed by The New York Times, the company is advancing toward a future where robots, not humans, perform much of the labor inside its warehouses. Executives reportedly … Read more
Foreign investors withdrew sharply from Asian bond , marking the largest outflow in more than two years. The selloff, led by Indonesia, reflected deepening fiscal and political concerns across the region and growing unease about slowing global demand. Data from regional authorities showed that overseas investors offloaded a net $5.48 billion worth of bonds from … Read more
WASHINGTON — A new US & Australia agreement on critical minerals backed by President Donald Trump is being hailed as a significant boost for Western mining ambitions, but analysts warn that it will take years to loosen China’s stranglehold over the global rare earth supply chain. Announced Monday, the deal commits $3 billion in joint … Read more
An hours long outage at Amazon Web Services early Monday caused widespread disruption to websites and applications worldwide, prompting social media users to flood the internet with apocalyptic humor. The outage, which began around 3 am Eastern Time, impacted major platforms including Roblox, Snapchat, Ring, Hulu, Venmo, Coinbase, and Microsoft 365 before services gradually returned … Read more
CAPE CANAVERAL, Fla. — SpaceX reached a historic milestone Sunday, launching its 10,000th Starlink internet satellite into low Earth orbit (LEO), a significant achievement in the company’s ambitious plan to blanket the globe with high speed internet coverage. The company launched 56 additional satellites aboard two separate Falcon 9 rockets, marking its 132nd orbital mission … Read more
BEIJING ~ China’s new home prices dropped at their sharpest pace in almost a year in September, heightening concerns over the country’s prolonged property downturn and its broader economic impact. Official figures released Monday showed a 0.4 percent month on month fall the steepest decline in 11 months following a 0.3 percent drop in August. … Read more
NEW YORK — A major AWS outage early Monday disrupted several popular online platforms, including Amazon, Alexa, Snapchat, Fortnite, and other cloud based services. The failure, traced to Amazon Web Services’ US EAST 1 region, caused widespread connectivity issues and increased error rates across numerous digital networks worldwide. According to Amazon’s official AWS Service Health … Read more
TOKYO — A pivotal Sanae Takaichi coalition deal appears set to propel Japan’s conservative lawmaker into the prime minister’s office, marking the country’s first female premiership. The agreement, struck with the Japan Innovation Party (Ishin), reshapes Japan’s political landscape and consolidates right wing power after a quarter century of coalition stability. “I told Takaichi that … Read more
