Author: Steven Sahiounie

The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy.

Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030.

Samsung Pay, a payment service owned by South Korea’s Samsung Electronics, will stop working with Russia’s national Mir payment cards from April 3, the two payment systems said on Wednesday.

Chinese leader Xi Jinping on Wednesday told Dutch Prime Minister Mark Rutte that China’s technological progress could not be held back, as they met in Beijing for talks on subjects including the crucial semiconductor industry.

The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed.

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday.

Elon Musk’s artificial intelligence startup xAI said on Thursday it will launch an enhanced version of its chatbot Grok.

Russia has decided to focus on reducing oil output rather than exports in the second quarter in order to evenly spread production cuts with other OPEC+ member countries, Deputy Prime Minister Alexander Novak said on Friday.

The disgraced crypto mogul “orchestrated one of the largest financial frauds in history,” government prosecutors argued

Chinese companies are producing too many batteries, solar panels, and electric cars, harming American workers, US Treasury Secretary Janet Yellen has claimed. She intends to bring up the issue on her trip to Beijing next month.