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Financial Markets

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Citgo posts $82 million Q1 Loss, reversing last year’s $410M profit
Citgo posts $82 million loss in Q1 amid weak margins

HOUSTON, Texas: Citgo Petroleum, the Houston-based refiner owned by Venezuela, posted a net loss of US$82 million for the first quarter,...

April exports in Taiwan surge ahead of possible US tariffs
Taiwan April exports jump 30% ahead of US tariffs

TAIPEI, Taiwan: Taiwan's exports grew much more than expected in April, as buyers rushed to purchase its high-tech products before...

Dow Jones drops 270 points at close as inflation slows
Tame CPI boosts US stocks, Nasdaq Composite jumps 302 points

NEW YORK, New York - A better-than-expected CPI reading sent the Standard and Poor's 500 and the Nasdaq Composite higher on Tuesday,...

Microsoft bans Chinese AI app Deepseek over data security fears
Microsoft denies its employees use of China's Deepseek

REDMOND, Washington: Microsoft has prohibited its employees from using Deepseek, a Chinese artificial intelligence app, citing concerns...

Air Canada cuts profit forecast amid weaker US travel demand
Air Canada lowers annual core profit forecast as US travel slows

MONTREAL, Canada: Air Canada has cut its annual core profit forecast and missed first-quarter revenue estimates, citing a drop in U.S.-bound...

Apple’s AI Safari push threatens Google’s iPhone search dominance
Apple offers AI search options on Safari, hits Google dominance

CUPERTINO, California: Apple's plan to introduce AI-powered search options on its Safari browser poses a major challenge to Google,...

Technology

Section
Ireland forms Oireachtas Committee to study AI’s impact
AI committee to explore how it will impact life in Ireland

DUBLIN, Ireland: With artificial intelligence rapidly reshaping industries worldwide, Ireland has established a new Oireachtas committee...

Microsoft bans Chinese AI app Deepseek over data security fears
Microsoft denies its employees use of China's Deepseek

REDMOND, Washington: Microsoft has prohibited its employees from using Deepseek, a Chinese artificial intelligence app, citing concerns...

FDA to roll out AI across all centers by June 30
US FDA centers to deploy AI internally, following experimental run

WASHINGTON, D.C.: The U.S. Food and Drug Administration (FDA) said this week it will start using artificial intelligence (AI) in all...

AWS to invest $4 billion in first Chile data centers
Amazon to spend $4 billion on cloud infrastructure in Chile

SANTIAGO, Chile: Amazon Web Services (AWS) will invest US$4 billion to establish its first data centers in Chile, aiming to tap into...

DOJ targets Google’s AdX and DFP in antitrust case
US seeks breakup of Google's ad tech empire

MOUNTAIN VIEW, California: The U.S. Department of Justice is seeking the breakup of Google's digital advertising business, calling...

US lawmaker pushes bill to track AI chip exports
US lawmaker targets Nvidia chip smuggling to China with new bill

SAN FRANCISCO, California: A U.S. lawmaker wants to introduce a new law that would help track where advanced AI computer chips, like...