US President Donald Trump’s visit to Saudi Arabia has triggered a flurry of deals, ranging from AI and data centre infrastructure to investments in private credit. Oracle’s $14bln deal The American database and cloud company pledged $14 billion in investments over the next 10 years in Saudi, with the aim of bringing AI technology to […]
TotalEnergies said on Wednesday it had signed an agreement to sell 50% of Polish biogas producer Polska Grupa Biogazowa to Norwegian investment company HitecVision. The French energy company said the sale agreement represented an enterprise value of 190 million euros ($213.6 million). The deal will help Polska Grupa Biogazowa to continue growth in Poland where […]
The United States and China have announced that they have reached a deal to reduce reciprocal tariffs temporarily, as the world’s two largest economies work to resolve a trade war that has unsettled the global economic outlook and rattled financial markets. Speaking after discussions with Chinese officials in Geneva, US Treasury Secretary Scott Bessent told […]
Brazil is sending a message to the world that it can meet the needs of artificial intelligence (AI) with renewable energy, and the world is listening. The South American nation is flaunting its renewable energy sources and expansive energy grids to court tech companies to set up shop within its borders, and it’s working. Already, […]
Analysts at JPMorgan estimated that the price of gold could reach $6,000 per ounce by 2029, up from about $3,300 now, if just 0.5% of U.S. assets held by foreign investors is reallocated to the precious metal. Gold has been on a tear in recent years and picked up even more momentum after President Donald Trump […]
The high-level meeting on economic and trade affairs between China and the U.S. in Geneva was candid, in-depth and constructive, Chinese Vice Premier He Lifeng said on Sunday. Substantive progress has been made and important consensus has been reached between the two sides, said He, also the Chinese lead person for China-U.S. economic and trade […]
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has affirmed the dynamic expansion of economic relations between the United Arab Emirates and the Republic of Belarus, marked by a notable qualitative leap in various industries. This development reflects the deep strategic partnership and the mutual desire of both nations to foster […]
The African Export-Import Bank, through its development impact investment arm, the Fund for Export-Development in Africa, has unveiled a $1bn Africa Film Fund to revolutionise the continent’s film and creative industry. The fund, launched under the Creative Africa Nexus Programme, aims to support the production and global distribution of African films and television content, addressing […]
China and India provided Iraq with nearly 70 percent of its total oil export revenues in 2024 as they emerged as the largest importers of crude from the Arab OPEC nation. Iraq, OPEC second largest oil exporter after Saudi Arabia, netted nearly $97 billion in crude export earnings last year at an average production of […]
Bill Gates says he will donate 99% of his remaining tech fortune to the Gates Foundation, which will now close in 2045, earlier than previously planned. Today, that would be worth an estimated $107 billion. The pledge is among the largest philanthropic gifts ever – outpacing the historic contributions of industrialists like John D. Rockefeller and Andrew […]