Worldwide

Willow: What are the key features of Google’s new quantum chip?

The new chip features 105 qubits, allowing for more complex computations and enhances the chip's overall performance

AI to add $19.9 trillion to global economy, account for 3.5 percent of GDP by 2030: Report

98 percent of executives prioritize AI investments, driving rapid funding increases and highlighting AI's value 

AD Ports Group assigned new A1 Credit Rating by Moody’s

The A1 rating is the fifth-highest on Moody’s scale, indicating upper-medium investment grade and low credit risk 

Oil prices surge modestly amid China’s stimulus optimism and U.S. economic indicators

Brent crude futures for February delivery ascended by 0.4 percent to $72.47 a barrel

Oil prices slip as market reacts to China’s stimulus and Middle East instability

Brent oil futures for February delivery decreased by 0.2 percent, settling at $72.00 per barrel

Oil prices rise on Middle East uncertainty despite weaker China demand

The number of oil and gas rigs deployed in the U.S. last week hit the highest since mid-September

10 fastest-growing economies in the world in 2024

Guyana is expected to be the fastest-growing economy this year with real GDP expected to 43.8 percent

Global trade set to reach record $33 trillion in 2024: UNCTAD

This represents a 3.3 percent annual growth rate, showcasing the resilience of international trade amid ongoing challenges

OPEC+ extends oil output cuts until end of 2026

Despite the group's efforts in limiting supply, Brent crude has mostly stayed in a $70-$80 per barrel range this year

Oil prices decline as OPEC+ prolongs supply cuts

Brent crude futures for February delivery fell by 0.4 percent to $71.80 a barrel

Google launches Veo gen AI video model: Everything you need to know

This model produces high-quality 1080p videos in various visual and cinematic styles using text or image prompts 

Oil prices edge up amid U.S. inventory draw, OPEC+ meeting in view

Brent crude futures, set to expire in February, climbed by 0.1 percent to $72.37 a barrel

How Generative AI is impacting job and labor markets globally

The emergence of Generative AI is amplifying the digital divide between urban and rural areas

AI infrastructure firm Nebius secures $700 million funding from Nvidia and Accel

The financing will help Nebius accelerate GPU clusters, cloud platforms, and other essential AI tools

What does the ruling on Musk’s $56 billion pay package mean for Tesla’s future?

Delaware Judge McCormick upheld her block of the 2018 compensation plan due to conflicts of interest 

Oil prices fall modestly as U.S. inventories rise, OPEC+ meeting approaches

Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel

Oil prices rise ahead of this week’s OPEC+ meeting

The group will likely extend its output cuts until the end of the first quarter of 2025 amid supply concerns

UAE supplies Japan with 47.8 percent of its oil imports in October 2024

Japan imported in October 31.80 million barrels of oil from the UAE 

World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026

UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth 

Gold prices decline as Trump’s tariff threat bolsters dollar

In the UAE, gold rates fell by AED3.75, with 24-carat gold priced at AED318.25 and 22-carat gold at AED294.50

Oil prices climb on positive data from China; OPEC meeting on the horizon

Brent crude futures for February increased by 0.3 percent to $72.02 a barrel

World’s largest gold deposit worth $83 billion found in China

Data shows 300 tonnes of gold at around 2,000 meters deep, and as many as 700 tonnes at 3,000 meters

Australia’s social media ban for minors: How does it compare to other countries

The new law requires social media platforms to block users under 16 or face fines up to $32.2 million for non-compliance