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Saudi Aramco Drops Plan to Boost Capacity in Major U-Turn

(Bloomberg) -- Saudi Aramco abandoned a plan to boost its oil output capacity, a huge reversal that will raise questions about the kingdom’s view on future demand.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetMusk Says First Neuralink Patient Received Implant in BrainBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsAmazon Drops iRobot Deal; Roomba Maker...
Saudi Arabia Salma El Wardany Vandana Hari Bloomberg Businessweek Matthew Martin Ben Bartenstein
Source: yahoo.com

Financier Entrusted With Middle East Billions Attempts Comeback

(Bloomberg) -- The Indian-born financier who helped open the floodgates to Middle Eastern wealth for Masayoshi Son’s $100 billion Vision Fund is attempting his second act. This time, he’s going solo. Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutAn Isolated Israel Doubles Down on War in Gaza — At All ...
Abu Dhabi Abuz Aby United Arab Emirates Ar Riya Saudi Arabia New Delhi
Source: yahoo.com

Israel Says Hamas Gets Online Donations Via Groups Posing as Gaza Charities

(Bloomberg) -- Israeli officials estimate Hamas is getting $8 million to $12 million a month through online donations, much of it through organizations posing as charities to help civilians in Gaza.Most Read from BloombergRussia Says Ukraine Downed Plane Carrying 65 Prisoners for SwapApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028Trump Races Toward 2024 Biden Rematch After New Hampshire WinChina Boosts Stimulus by Allowing Banks to Keep Smaller ReservesThat would eq...
Israel General United States United Kingdom Bloomberg Businessweek Matthew Levitt Ben Bartenstein
Source: yahoo.com

Altman Seeks to Raise Billions for Network of AI Chip Factories

(Bloomberg) -- OpenAI Chief Executive Officer Sam Altman, who has been working to raise billions of dollars from global investors for a chip venture, aims to use the funds to set up a network of factories to manufacture semiconductors, according to several people with knowledge of the plans.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionFord Cuts Workforce Making Electric F-150s on Weak DemandYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Jo...
United States Gina Raimondo Ian King Yoolim Lee Sam Altman Bloomberg Businessweek
Source: yahoo.com

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Altman Seeks to Raise Billions for Network of AI Chip Factories

(Bloomberg) -- OpenAI Chief Executive Officer Sam Altman, who has been working to raise billions of dollars from global investors for a chip venture, aims to use the funds to set up a network of factories to manufacture semiconductors, according to several people with knowledge of the plans.Most Read from BloombergRussia Says Ukraine Downed Plane Carrying Prisoners for SwapTrump Races Toward 2024 Biden Rematch After New Hampshire WinApple Dials Back Car’s Self-Driving Features and Delays ...
United States Mike Gallagher Ben Bartenstein Bloomberg Businessweek Sam Altman Gina Raimondo
Source: yahoo.com

Oil Traders Used State Firms as Fronts in Corrupt Ecuador Deals

(Bloomberg) -- Three of the world’s top commodity trading houses used state oil companies from China, Thailand, Oman and Uruguay as fronts in their corrupt deals with Ecuador, a federal jury in Brooklyn, New York has heard.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownApple to Sell Watches Without Oxygen Feature After Legal SetbackPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmDimon Says China Risk-Reward Equation Has &#x2...
New York United States United Arab Emirates Sarah Chen Patpicha Tanakasempipat Ben Bartenstein
Source: yahoo.com

A Wary World Girds for Trump's Return to the White House

(Bloomberg) -- When Estonia’s much-fêted prime minister, Kaja Kallas, went to Washington in November, she didn’t just meet with White House officials. She also made sure to talk to key allies of Donald Trump.Most Read from BloombergUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaTrump Scores Easy Win in Iowa With DeSantis a Distant SecondIowa Latest: Biden Calls Trump ‘Clear Frontrunner’ After WinApple to Pull Blood-Oxygen Tool From Watches to Avoid US...
United States New Delhi United Arab Emirates Abu Dhabi Abuz Aby White House
Source: yahoo.com

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