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Alphabet launches Gemini, an AI- based model it hopes will take down GPT-4

Called Gemini, the Google owner's highly anticipated AI model is capable of more sophisticated reasoning and understanding information with a greater degree of nuance than Google's prior technology

How growing electric vehicles' sales are speeding end of the oil age

The Paris-based International Energy Agency (IEA), a grouping of 29 industrialized nations, expects world oil consumption to hit its zenith at the end of this decade at 103 million barrels per day

British American Tobacco writes down US cigarette brands, stocks fall

BAT's move comes as ever-stricter regulation and growing awareness of health risks squeeze tobacco companies' traditional business, driving declines in cigarette volumes in some markets

Israeli forces battle Hamas in southern Gaza, humanitarian concerns grow

Tanks were stationed on the edge of the Khan Younis refugee camp, not far from the house of Hamas' leader in Gaza, Yehya Al-Sinwar, they said. It was unclear whether anyone was there

Dollar touches 2-week high, euro weaker as market bets on rate cuts

raders are now betting that there is around an 85% chance that the ECB cuts interest rates at the March meeting, with almost 150 basis points worth of cuts priced by the end of next year

US 10-year yields hit three-month lows on concerns for weak jobs report

Private payrolls rose by 103,000 jobs last month, the ADP National Employment Report showed on Wednesday, below forecasts for 130,000 in jobs gains

Italy road and airport operator Mundys explores India, Australia expansion

It has just acquired Autovia del Camino in northern Spain and won a tender to operate four new toll roads in Puerto Rico with a $2.85 billion bid

US wants to require drug testing for foreign aviation-repair stations

The proposed rule would impact approximately 977 repair stations in 65 countries, ensure "employees are held to the same high level of safety standards regardless of where they are physically located"

Oil drops 2% as markets mull OPEC+ cuts' efficacy, macroeconomic slowdowns

Brent crude futures fell $1.59, or 2.06%, to $75.61 a barrel by 1454 GMT. US WTI crude futures fell by $1.67, or 2.31%, to $70.65 a barrel

Trafigura sets aside $127 mn provision for Brazil, US DOJ fine to end probe

Trafigura is alleged to have made profits from these contracts amounting so far to $143.7 million

Centre to sell up to 8% stake in state-run IRCON International this week

The government owns 73.18% in the engineering and construction company, and the 8% stake sale will help the government to raise about 11.59 billion rupees ($139.11 million)

COP28: Renewables a way to phase out fossil fuels, says TotalEnergies

Governments at previous climate talks agreed to phase down the use of unabated coal, but the talks, hosted by oil power United Arab Emirates, have so far been split on the future role of fossil fuels

Volkswagen shareholders demand more scrutiny after China plant audit

Volkswagen said on Tuesday that the much-anticipated audit of its China car plant had found no evidence of forced labour

G7 to ban Russian diamonds, announce measures on price cap, assets: Report

One source specified that the G7 was expected to announce a direct ban as of Jan. 1 and then an indirect ban with a phase in period from March 1 until Sept. 1

Trafigura checked traders didn't collude in Gupta fraud case: Report

Trafigura filed a lawsuit against Gupta in February, alleging seven companies that it said were controlled by him carried out a systematic fraud involving nickel cargoes

Govt bond yields dip marginally tracking US peers, RBI policy stays key

The Reserve Bank of India (RBI) is expected to hold rates at 6.50% for a fifth consecutive meeting at its monetary policy meeting on Friday, according to a Reuters poll

Shree Cement plans to bid for lithium mining rights in Jammu-Kashmir

Shree Cement, India's second biggest cement company by market capitalisation, will also bid for blocks in the eastern state of Chhattisgarh, said a source

Ola Electric slashes sales goals by over half ahead of planned IPO: Report

The scaling back of Ola's targets comes ahead of its $700 million stock market debut plan, even though the SoftBank-backed company, continues to lead the small yet fast growing e-scooter market

'Sebi, RBI share concern about some credit funds masking bad loans'

Private credit funds fall under the broad category of AIFs for the purpose of regulations in India

Apollo Hospitals' operator rejects allegations of illegal kidney transplant

UK's Telegraph newspaper reported on Saturday that Apollo was embroiled in a "cash for kidneys" racket in which impoverished people from Myanmar were being enticed to sell their organs for profit