Saudi Arabia built the world’s largest battery energy storage

Apple tops list of World's most valuable brands, NVIDIA makes historic debut in top ten

EBRD turns into the largest investor in Central Asia with focus on green economy

TikTok goes dark for US users

TikTok shuts down in the U.S. ahead of ban; Trump hints at 90-day reprieve after taking office Monday.

Trump says he may give TikTok a 90-day reprieve Monday

TikTok faces a looming U.S. ban as the app awaits a potential 90-day reprieve under President-elect Trump. Users, businesses, and partners brace for uncertain days ahead.

Meta to lay off 5% of 'lowest performers', plans to hire for impacted roles

Meta to cut 5% of staff, focusing on "low performers," while boosting AI investments. Restructuring continues as 2023's "Year of Efficiency" impacts thousands of roles.

Britain to forge independent path on AI regulation, says PM Keir Starmer

Prime Minister Keir Starmer has affirmed that Britain will establish its own approach to artificial intelligence regulation, emphasising the importance of testing and understanding AI before implementing a proportionate and grounded regulatory framework.

Disney, Fox, and Warner Bros cancel sports streaming venture amid legal issues

Disney, Fox, and Warner Bros Discovery have cancelled Venu Sports, their joint sports streaming venture, following legal challenges and accusations of anti-competitive behaviour.

Philips sells loss-making chipmaking unit, Xiver

Philips has sold its chipmaking subsidiary, Xiver, to a consortium led by Orange Mills Ventures, marking another step in the company’s shift away from semiconductor operations, Dutch newspaper De Telegraaf reported.

Nvidia CEO unveils robot training tech, Toyota deal and new gaming chips

Nvidia unveils AI breakthroughs at CES 2025, introducing Cosmos models for training robots and cars, advanced gaming chips, and new automotive tech with Toyota, targeting $5B revenue by 2026.

DOJ urges Supreme Court to reject Trump request to delay TikTok ban law

The U.S. DOJ urges the Supreme Court to reject Trump’s request to delay TikTok’s potential ban or forced sale by Jan. 19, citing national security concerns and data privacy issues.

Microsoft to spend $80 billion on AI data centres in fiscal 2025

Microsoft plans to invest nearly $100B in AI-enabled data centres by FY 2025, aiming to drive global innovation and maintain U.S. leadership in AI technology.

Tesla records its first annual drop in deliveries

Tesla's 2024 deliveries dropped 1.1%, missing estimates. Aging models, competition, and high costs weigh on sales, despite China growth and Cybertruck's debut. Shares fell 6%.

In Norway, nearly all new cars sold in 2024 were fully electric

Norway leads the EV revolution: 9 out of 10 cars sold in 2024 were electric, driving the nation closer to its goal of fully electric new car sales by 2025.

OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race

OpenAI plans to restructure as a public benefit corporation, aiming to attract major investments while balancing AI innovation, social good, and shareholder interests.

US judge finds Israel's NSO Group liable for hacking in WhatsApp lawsuit

U.S. judge ruled on Friday in favour of Meta Platforms' WhatsApp in a lawsuit accusing Israel's NSO Group of exploiting a bug in the messaging app to install spy software allowing unauthorized surveillance.

Honda and Nissan announce merger plan

Honda and Nissan plan to merge, forming the world’s third-largest automaker, as Japan’s car giants accelerate efforts to lead the shift to electric and autonomous vehicles.

Starbucks workers expand strike in US cities including New York

Starbucks workers expand strikes to 10 U.S. cities, including New York and Philadelphia, over unresolved wage and staffing disputes, impacting holiday operations.

TikTok faces U.S. ban deadline amid data privacy concerns and geopolitical tensions

U.S. lawmakers have given TikTok a January 19 deadline to comply with new measures or face removal from app stores due to data privacy and national security concerns, highlighting geopolitical tensions surrounding the short-video app.

Amazon workers strike at several US warehouses

Amazon workers at multiple US facilities have gone on strike, demanding fair pay and benefits, as the retailer faces mounting pressure during the final days of the holiday shopping season.