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ADNOC's $30 bn chemicals deal with Austria's OMV stalls over disagreements

"We are in ongoing and open-ended negotiations and cannot comment further," OMV said in a statement

Post-pandemic recovery fuels robust attendance, hopes at Singapore Airshow

About 50,000 trade delegates attend Singapore Airshow, the most since 2018

Healthcare firm Abridge secures $150 mn to develop AI model for clinicians

Shiv Rao, CEO of Abridge and also a practicing cardiologist, said the company plans to use the fresh funding for hiring as well as acquiring and training purpose-built medical AI models

Saudi sovereign wealth fund pitches kingdom as AI hub outside of US

"AI will consume a lot of energy and we are the global leader when it comes to fossil fuel energy and when it comes to renewable energy," he said

Crude imports hit 21-month high in Jan on strong industrial activity

India's fuel consumption rose 8.2% year-on-year last month, government data showed earlier this month

Ukraine war: US to impose sanctions on over 500 targets in Russia action

The new penalties come as the US and its allies look to maintain pressure on Russia, despite doubts over whether the US Congress will approve additional security assistance for Kyiv

UK announces new sanctions marking anniversary of Russia's Ukraine invasion

The European Union on Wednesday approved its own package of sweeping sanctions, banning nearly 200 entities

Maldives visit of Chinese ship could rouse Indian Ocean security concerns

China's foreign ministry has said research by the vessel was "exclusively" for peaceful purposes to benefit scientific understanding

AT&T cellular outage in US disrupts vital services in major cities

Downdetector showed users of Verizon, T-Mobile and UScellular also faced disruptions

Google to make Pixel in India by next quarter, plans to ship 10 mn phones

The move will also help Google diversify its supply chain away from China, the Nikkei report said, citing a person with direct knowledge of the matter

Moderna reports surprise Q4 profit, sets out road map for RSV vaccine

Moderna recorded $6.8 billion in sales from its COVID vaccine in 2023, down from $18.4 billion in 2022 but slightly above Wall Street estimates of $6.7 billion

BOJ Governor Kazuo Ueda keeps upbeat view on inflation, wage outlook

He added that Japan was in a "state of inflation," rather than deflation, and is likely to see prices keep rising

UK economy puts recession behind it but price pressures rise: PMI survey

That is likely to be a relief for Prime Minister Rishi Sunak who has had to endure taunts of "Rishi's recession" from the opposition Labour Party which is riding high in opinion polls

January crude imports hit 21-month high due to strong Industrial demand

Crude oil imports in January rose 9.5% month-on-month to 21.39 million metric tons, and were up 5.7% on year-on-year basis, Petroleum Planning and Analysis Cell (PPAC) data showed on Thursday

Indian pharma cos make versions of Wegovy to get in on weight-loss windfall

Novo has not provided a clear timeline for introducing Wegovy globally, but told Reuters it aims to launch in India in 2026

Google signs content licensing deal with Reddit to train AI models: Report

Last year, Reddit said it would charge companies for access to its application programming interface (API) - the means by which it distributes its content

Intel signs Microsoft as foundry customer, says on track to overtake TSMC

It said Microsoft will use its 18A technology to make an undisclosed chip and that it now expects $15 billion of foundry orders

India's Feb business activity accelerates to 7-month high on solid demand

That bolstered the view for the coming 12 months with optimism among manufacturers at the highest since December 2022

BSE index to rise about 9% in 2024, correction unlikely, suggests poll

Breaching the 73,000 mark for the first time in January, the benchmark index is up over 1 per cent this year

World Bank, others issue offshore rupee bonds worth $1.4 bn as demand soars

These offshore bonds, with maturities ranging from 4 years to 10 years, are denominated in Indian rupees but settled in U.S. dollars, the sources said