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File photo: Ukrainian President Zelenskyy (Picture credit: AP) Ukrainian President Volodymyr Zelenskyy on Friday said a US decision to temporarily ease sanctions on Russian oil sales could hand Moscow about $10 billion in extra revenue, warning the move would directly undermine efforts to end the war in Ukraine.“This one concession alone by the United States…
One of America’s largest medical devices companies — Stryker — has been hit by a massive cyber attack that has sent its systems offline and disabled laptops and phones of its employees across the globe. On Wednesday, March 11, thousands of Stryker employees woke up to find their smartphones and laptops inoperational. For those unaware,…
The ongoing conflict involving the United States, Israel and Iran has triggered volatility across global semiconductor stocks. This has raised concerns about how tensions in the Middle East could disrupt a supply chain that is the backbone of the artificial intelligence (AI)-driven chip boom. A report cited analysts who said the region plays a key…
Data from the US Energy Information Administration shows that the US had 132 operational petroleum refineries as of January 2024. (AI image) Mukesh Ambani-led Reliance Industries (RIL) has partnered with America First Refining (AFR) to develop the first large oil refinery project in the United States in nearly fifty years, with President Donald Trump describing…
The United States has spent at least $11.3 billion in the first week of its military campaign against Iran, according to a Pentagon estimate shared with Congress, The New York Times reported on Thursday.The figure marks the most detailed assessment so far of the financial cost of the conflict, which entered its 13th day with…
MUMBAI: Reliance Industries (RIL) will bankroll the first new oil refinery project in the US in 50 years, marking one of its biggest overseas bets and a return to the American energy market after four years.America First Refining (AFR), the startup developing the refinery at the Brownsville port in Texas, said it received a “nine-figure…
Nvidia CEO Jensen Huang is now urging people to stop worrying about AI wiping out white-collar jobs and instead focus on the massive economic opportunity unfolding. In a blog post shared on March 10, Huang said that the present $700 billion wave of AI data center investment is only the start of a much larger…
US President Donald Trump on Tuesday announced that the United States will build its first new oil refinery in 50 years, backed by investment from India’s Reliance Industries.The refinery is planned at the Port of Brownsville in Texas, a move the administration says will boost domestic energy production and create thousands of jobs.Trump made the…
US President Donald Trump on Tuesday announced that the United States will build its first new oil refinery in 50 years, backed by investment from India’s Reliance Industries.The refinery is planned at the Port of Brownsville in Texas, a move the administration says will boost domestic energy production and create thousands of jobs.Trump made the…
BlackRock has restricted investor withdrawals from its $26 billion HPS Corporate Lending Fund (HLEND) after redemption requests surged beyond the usual threshold, underscoring mounting pressure in the $2 trillion global private credit market, Reuters reported.The move came after investors sought to withdraw $1.2 billion in the first quarter, equivalent to roughly 9.3% of the fund’s…
