Abu Dhabi’s MGX is a lead partner in the project that includes initial equity funders SoftBank, OpenAI and Oracle
Americas
Latest in Americas
Donald Trump
President Trump orders US exit from World Health Organization
He cited the mishandling of the COVID-19 pandemic and other international health crises by the global health agency as the reasons for the decision
Donald Trump
Donald Trump sworn in as US president, vows to begin ‘golden age’ for America
Donald Trump has been sworn in as the 47th President of the United States
Elon Musk
Musk remains upbeat despite SpaceX losing new Starship in space
Starship broke up 8 minutes after launch, moments after its Super Heavy Booster was successfully caught by mechanical arms on ground
China
China weighs selling TikTok to Elon Musk: Report
TikTok has appealed the impending ban in the US to the Supreme Court, but the justices have shown an inclination to uphold the law, which would force the company to be sold or face a ban in the country by January 19
Berkshire Hathaway
Warren Buffett names his heirs, announces cessation of further funding to close friend Bill Gates’ Foundation
The 94-year-old said his three children – Susie, Howie and Peter – will manage this new trust and the three will have to decide together how to use the money
Bahrain
Bahrain’s GFH invests in US-based clean energy company Invenergy
The investment, of undisclosed value, was made through vehicles managed by Blackstone’s infrastructure group
indian currency
Indian rupee makes historic plunge; dips past 86 against USD for the first time
The rupee’s slide show was accentuated by a record surge in crude oil prices, sustained outflow of foreign capital from India and a negative trend in domestic equity markets
automotive industry
Analysis: Tesla tests limits of brand politics as Musk readies for government role under Trump
Inside Elon Musk’s risky experiment mixing luxury EVs, presidential politics, and US-China relations with just days until Trump’s inauguration
Los Angeles
Los Angeles wildfire forces evacuation of over 100,000; scorches 27,000 acres
The so-called Sunset Fire threatening the Hollywood Hills, prompted evacuation orders encompassing a densely populated area, including major landmarks such as the TCL Chinese Theatre and the Dolby Theatre, the home of the Academy Awards
Diabetes
Abu Dhabi’s IROS to collaborate in clinical study on obesity treatment
US-based Halia Therapeutics’ new therapy will be put to a six-month-long trial that will involve 60 patients with type 2 diabetes in the UAE
Damac Properties
UAE billionaire Hussain Sajwani, Donald Trump announce $20bn investment in US data centres
The first phase will span Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana
automobile industry
Analysis: Why Tesla’s ties with China made Elon Musk indispensable to Trump
A closer look shows that Musk’s upcoming role in government was no coincidence – it was years in the making
Dana White
UFC boss Dana White elected to Meta’s board of directors
Zuckerberg developed a friendship with White because of his interest in recreational mixed martial arts; Investors John Elkann and Charlie Songhurst also elected
Bitcoin mining
Phoenix Group launches 50MW crypto mining facility in the US
The North Dakota facility was built in a record time of less than 5 months and will add 2.7 exahashes to the company’s global hash rate
Donald Trump
Donald Trump haunts central banks primed for wary rate cuts in 2025
Bloomberg Economics projects its aggregate measure of advanced-world interest rates to drop just 72 basis points in 2025, less than it did in 2024
Apple
Apple to pay $95 million to settle ‘Snoopy Siri’ class action lawsuit
Apple denied wrongdoing in agreeing to settle; Lawsuit alleges Siri recorded without trigger words and these were then shared with advertisers