Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.
UK to suffer slowest growth of all rich nations next year, OECD says
The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.
Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since then
Bored Ape Yacht Club NFT collection once touted by celebrities like Justin Bieber has seen its floor price decline by around 90% since its peak in 2022.
Europe stocks close lower as earnings roll in; ING up 6.5%; traders react to Fed decision
European stocks closed lower Thursday morning as global markets reacted to a slew of corporate earnings and the U.S. Federal Reserve’s latest monetary policy decision.
World’s largest olive oil producer says the industry faces one of its toughest moments ever
Spain’s Deoleo says the industry must undergo a “profound transformation” as it grapples with one of the most challenging moments in its history.
Taylor Swift and Drake’s label UMG strikes new licensing deal with TikTok to end spat
In a statement Thursday, UMG said the new licensing deal would lead to the return of its artists’ music to TikTok.
U.S. accuses Russia of using chemical weapons in Ukraine, in breach of global ban
The U.S. has formally accused Russia of using chemical weapons against Ukrainian troops.
Kremlin reacts to U.S.’ chemical weapons allegations; Russia claims further advance in east Ukraine
The U.S. has formally accused Russia of using chemical weapons against Ukrainian troops. The Kremlin said the claims were unfounded.
China is an enemy of the U.S. for a growing number of Americans, Pew poll shows
Americans overwhelmingly hold an unfavorable view of China, with an increasing number labeling the nation as an enemy of the U.S., according to a new survey.
