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January 2025 sets new heat record despite cooling La Niña: Copernicus
January 2025 was 0.09°C warmer than January 2024 and 1.75°C above pre-industrial levels
Economy
Bank of England cuts interest rates to 4.5 percent, lowest since 18 months
This decision follows December's unexpected inflation drop from 2.6 percent to 2.5 percent
Technology
South Korea latest country to block DeepSeek access in government ministries amid security concerns
The government also advised ministries to exercise caution when using AI services like ChatGPT
Energy
Oil prices rise 0.21 percent to $74.77 as U.S.-China trade war escalates
Analysts expect markets to remain volatile in the coming weeks as investors adjust to Trump's new policy positions and tariffs
Markets
UAE gold prices gain AED1, global rates hover near record high on strong safe-haven demand
Gold prices hit an all-time high of $2,882.16 in the previous session
Technology
Alphabet shares slip after mixed Q4 results amid slowing cloud growth and $75 billion CapEx plans
The company’s advertising sector showed resilience, with revenue climbing to $72.4 billion
Technology
DeepSeek’s national security threats trigger bans in Australia and Taiwan
Australia and Taiwan both expressed concerns over DeepSeek's risk of data leaks to China
Markets
UAE gold prices climb AED2.75, global rates hit record high as investors seek safe-haven amid tariff conflict
Prices rose after China imposed tariffs on U.S. imports in response to new American duties
Energy
Oil prices fall 0.1 percent to $76.13 amid U.S.-China tariff tensions
Crude oil WTI futures for March delivery rose by 0.1 percent, reaching $72.44 a barrel
Technology
OpenAI partners with South Korea’s Kakao to boost its game against DeepSeek’s growing competition
Both parties will enhance AI services by merging user data with advanced technology systems
Banking & Finance
What Trump’s sovereign wealth fund means for TikTok
Trump proposed a sovereign wealth fund to address American security and user privacy concerns
Energy
OPEC+ sticks to oil production plan, ditches U.S. EIA from oversight sources
EIA was removed due to inadequate communication, not because of political motivations or pressures, OPEC said
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