Category: business
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Trump Seeks $100bn in Venezuela Oil Investment, But Exxon Warns Country ‘Uninvestable’
US President Donald Trump has asked for at least $100 billion in oil industry spending to unlock Venezuela’s oil reserves. However, top executives from major US oil firms voiced caution, describing the South American nation as “uninvestable” under current conditions. What Trump Wants Trump envisions US control over Venezuelan oil sales after a raid on
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UK Could Ban Elon Musk’s X Over Deepfake AI, Minister Warns
The UK government has raised the prospect of blocking Elon Musk’s social media platform X after its AI chatbot, Grok, was used to generate non-consensual sexualized images, including images of children, officials say. Technology Secretary Liz Kendall said she would fully back Ofcom if it decides to restrict access to X in the UK for
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Elon Musk’s xAI to Invest $20 Billion in Mississippi Data Center Amid AI Boom
xAI Plans $20 Billion Data Center in Southaven, Mississippi Elon Musk’s AI startup xAI is set to invest more than $20 billion to build a massive new data center in Southaven, Mississippi, according to Governor Tate Reeves. The move comes as generative AI continues to drive record demand for computing power and expansion of AI
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Nvidia, Automakers, and Suppliers Rekindle Self-Driving Ambitions with AI Partnerships
AI and Partnerships Spark Renewed Momentum in Self-Driving Cars The self-driving car industry, long plagued by high costs, regulatory hurdles, and technical delays, is seeing a resurgence as chipmakers like Nvidia and major automakers form partnerships to accelerate deployment. At this year’s CES 2026 in Las Vegas, Nvidia unveiled its next-generation Alpamayo AI platform, aimed
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Meta Strikes 20-Year Nuclear Power Deals to Secure 6.6 GW of Energy
Meta Signs Long-Term Nuclear Power Agreements with Three Companies Meta Platforms (NASDAQ: META) announced on Friday that it has finalized 20-year power purchase agreements (PPAs) with three nuclear operators in the U.S., including Vistra, and will help develop small modular reactors (SMRs) with Oklo and TerraPower. The deals mark one of the largest corporate commitments
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U.S. Oil Firms Weigh Venezuela Investment Opportunities Amid Political Risks Ahead of White House Summit
U.S. Oil Executives Consider Venezuela Opportunities Amid Investor Caution U.S. oil companies are carefully evaluating investment opportunities in Venezuela as they prepare for a high-profile White House summit on Friday, convened by President Donald Trump to discuss the country’s energy sector recovery. While the potential for revenue from Venezuela’s vast crude reserves is significant, investors
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Gold Prices Steady Ahead of Key U.S. Jobs Report as Metals Eye Weekly Gains
Gold Holds Steady as Investors Await U.S. Employment Data Gold prices were largely flat on Friday, with investors exercising caution ahead of the U.S. nonfarm payrolls report for December 2025, due at 13:30 GMT. Spot gold was steady at $4,473.79 per ounce, while U.S. February gold futures rose 0.5% to $4,483 per ounce. Despite muted
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Global Food Prices Dip in December but Remain Higher for 2025, Says UN FAO
FAO Reports Decline in World Food Prices in December Global food prices fell for a fourth consecutive month in December 2025, primarily due to drops in dairy, meat, and vegetable oil prices, the United Nations’ Food and Agriculture Organization (FAO) reported on Friday. The FAO Food Price Index, which tracks the international prices of a
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London Stocks Rise as Glencore Surges on Rio Tinto Merger Talks
Glencore Shares Surge Amid Potential Rio Tinto Merger London stocks rebounded on Friday, following two consecutive sessions of losses, as Glencore shares (GLEN.L) jumped 10% after news of early merger talks with Rio Tinto (RIO.L). Glencore hit its highest level since July 2024, while Rio Tinto fell 2.2% amid the announcement. Analysts note that a
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Wall Street Week Ahead: Earnings Season and Inflation Data Test U.S. Stock Resilience
U.S. Stocks Start 2026 Strong, Faces Near-Term Tests U.S. stocks have opened 2026 on a strong note, with the S&P 500 rising 1% in January following a third consecutive year of double-digit gains in 2025. Despite a turbulent geopolitical landscape, including heightened tensions in Venezuela and discussions about Greenland by the Trump administration, equities have
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