Author: Steven Sahiounie

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.

The combined wealth of the richest people in the US has grown to $44.6 trillion, according to the Federal Reserve

Russians are scaling back their property investments in Dubai due to a rise in local prices and a tighter US sanctions compliance policy in the emirate, Bloomberg reported on Thursday.   

Ukraine may suffer a complete defeat in the conflict with Russia and lose even more than it has already lost, Hungarian Prime Minister Viktor Orban has warned. In a conversation with former Austrian Chancellor Wolfgang Schuessel (in office from 2000 to 2007), published in the new pan-European magazine European Voices, Orban said Ukraine ought to give thought to negotiations rather than continue military operations. According to Hungarian media, in the discussion, which took place at Orban’s official residence – a former Carmelite monastery in Budapest – the two men disagreed on many issues, including the conflict in Ukraine. “First of all,…

Arab League Secretary-General Ahmed Aboul Gheit has emphasized the importance of pursuing all possible avenues to achieve Palestinian reconciliation. He spoke as he welcomed a high-level delegation from the Palestinian Fatah movement in Cairo. The talks followed the delegation’s separate meeting with Egypt’s Foreign Minister Sameh Shoukry. Aboul Gheit also stressed the importance of prioritizing a ceasefire and facilitating the delivery of aid to Gaza. He emphasized the urgency of swiftly moving toward a political settlement that would pave the way for the establishment of a Palestinian state. Aboul Gheit said that the Palestinian National Movement served as an overarching…