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Samsung places bet on AI for greater sales as 2024 phone launches kick off

More than a billion smartphones with built-in generative AI are expected to be shipped by the end of 2027, according to Counterpoint Research estimates

China fires top official to stem games fallout, contain damage: Report

Tencent and smaller rival NetEase Inc. gained about 1% in Hong Kong Wednesday, adding to a recovery since officials began signaling a willingness to consider industry views

BYD pulls ahead as world's biggest producer of battery passenger cars

After a $12 billion selloff during November, BYD is as cheap as it has been going back to the start of 2010, despite 31 out of 32 analysts putting a Buy rating on the stock

Central banks have saved the world in the past. And will do so again

'Central banks will occupy an ever-more important position in the economic and security life of nations, if history is any guide'

Japan's New Year earthquake sends out warning to build away from coasts

There's little excuse for developed nations to fail to erect now-proven systems and codes that can save lives. Earthquakes are a prime example

SoftBank veteran Arora becomes a billionaire after another huge payday

Palo Alto Networks handed Arora a $125 million stock and options compensation package when he was hired in 2018

Crude oil advances as Iran warship in the Red Sea escalates tensions

Brent crude climbed as much as 2.6 per cent to top $79 a barrel, before paring some of that gains

Bitcoin surpasses $45,000 for 1st time in 2 yrs on ETF approval hope

Bitcoin has risen over 20 per cent since the start of December as a Jan. 10 deadline for the US Securities and Exchange Commission to give its blessing for a spot ETF Bitcoin draws closer.

Rally in tech stocks in India faces earnings test as growth worries linger

While the rally was initially driven by a global rebound in tech stocks, the Federal Reserve's dovish pivot at the December policy meeting turbocharged the run

Russian crude oil cargoes head away from India amid payment issues

"China seems to have stepped in to save the idling Sokol cargoes," said Viktor Katona, lead crude analyst at data intelligence provider Kpler

China's factory activity picks up in contrast with govt data, shows survey

The Caixin manufacturing purchasing managers index rose to 50.8 last month from 50.7 in November, the strongest reading since August and above the estimate in a Bloomberg survey of economists.

Value of Elon Musk's X cut by another fidelity writedown, shows report

Fidelity cut by a further 11 per cent the value of its holding in X as of the end of November, the report said, citing the latest portfolio update for its Blue Chip Growth Fund

20 dead, scores injured in Japan after major earthquake topples buildings

Japanese Prime Minister Fumio Kishida said the quake caused widespread damage and he had set up a task force to help in rescue and repair operations

The four fortunes riding on PM Modi's victory in Lok Sabha elections

Naturally, the biggest danger of allowing a handful of business groups to aggressively branch into new areas and extend their control over large swathes of economy is extreme concentration of power

Vedanta Resources faces investor reckoning over $3.2 billion of bonds

Vedanta needs a green light from at least two-thirds of the bondholders in each of the three securities to proceed with the plan. A holder meeting will be held on Jan. 4

Ready for peace in Ukraine but only on Russia's terms, says Putin

"We also want to end the conflict, and as soon as possible" - but "only on our terms," Putin said. The Russian leader didn't specify what conditions must be met for peace

Saudi fund outpaces Singapore's GIC with $31.6 billion splurge: Global SWF

That was higher than the $20.7 bn it invested the previous year, an increase that contrasts with a wider trend - globally state-owned investors deployed $124.7 bn, about a fifth less than prior year

Saudi Arabia's fund outpaces Singapore's GIC with $31.6 billion splurge

Overall, sovereign wealth funds controlled by the hydrocarbon-rich governments of Abu Dhabi, Saudi Arabia and Qatar took five spots on a list of the top 10 most active funds last year

Israel delivers first interest rate cut since pandemic as war rages

The monetary committee on Monday lowered its key rate to 4.5% from 4.75%, ending a pause in place since July

Crude oil imports from Russia plunge in December on payment issues

After rising to an all time record of 2.15 million barrels a day in May, oil imports from Russia fluctuated downwards, experiencing a sharp decline between November and December