BYD stock price forecast as its European market share gains steam
The BYD stock price has pulled back in the past few weeks as investors remain concerned about its margins and profitability. Its Hong Kong shares dropped to H$124 on Thursday,…
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Equinor and Gwynt Glas secure leases to power Britain with offshore wind
The Crown Estate announced on Thursday that Equinor and Gwynt Glas have secured seabed leases. These leases will allow them to construct floating wind farms in the Celtic Sea, off…
Asian markets slip as Mideast conflict intensifies; Nikkei dips from 4-month high
Asian markets reacted sharply to the rising tensions in the Middle East as most of the benchmark indices ended the day in red. The investors treaded with caution as the US…
XRP price prediction: analyst eyes another 600% rally, will 7-year pattern repeat?
XRP price is once again in the spotlight after prominent crypto analyst Michael XBT, who accurately forecasted its 600% rally from $0.38 to $3.40 between July 2024 and January 2025,…
Amazon CEO says AI will shrink workforce in the coming years
Amazon, the e-commerce giant that rapidly expanded its workforce during the pandemic, is now openly acknowledging that its extensive adoption of Artificial Intelligence (AI) will lead to a reduction in…
Elon Musk’s xAI using $1 billion per month despite limited revenue
Elon Musk’s ambitious artificial intelligence startup, xAI, is reportedly burning through cash at an alarming rate, exceeding $1 billion a month. This aggressive spending underscores the monumental financial demands of…
Asian markets open: Nikkei gains as Trump mulls Iran strike; Sensex to open lower
Asia-Pacific stock markets presented a mixed picture at Wednesday’s open, with investors cautiously navigating a landscape dominated by escalating tensions between Israel and Iran. Adding to the unease, reports emerged…
Argentina eyes global gas market with Vaca Muerta expansion
Argentina’s Vaca Muerta shale play is experiencing a significant oil and gas boom, signaling the nation’s strategic shift towards liquefied natural gas (LNG) exports. This growth continues the strong performance seen…
Why Japan’s Tokyo Gas is unconcerned by Iran-Israel for LNG supply
Tokyo Gas, Japan’s largest city-gas supplier, announced on Wednesday that it anticipates no direct impact on its liquefied natural gas (LNG) procurement operations as a result of the ongoing conflict…
European markets open mixed; UK May inflation at 3.4%, Fed decision awaited
European stock markets presented a mixed and cautious picture at Wednesday’s open. The markets were impacted with the investors grappling with a confluence of factors including fresh UK inflation data,…