For the second time in a year, Sony is increasing the cost of its PlayStation 5 hardware in the U.S. and abroad. The standard console will now be sold for …
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As Europe faces a looming fuel shortage, Shell is navigating a landscape where Liquified Natural Gas (LNG) has taken center stage. Government officials have highlighted the importance of super-chilled gas …
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In a move that has left the tech industry reeling, OpenAI is closing down its Sora video generation platform. The announcement was made Tuesday, ending the life of an app …
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A “catastrophic” shift is currently unfolding in the UK mortgage market, characterized by soaring interest rates and a rapid decline in product availability. Investors have shifted their expectations toward a …
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Business
Japan to Begin Biggest-Ever Oil Release to Prevent Shortages as Middle East Burns
by admin477351Japan will this week execute the largest strategic oil reserve release in its history, deploying approximately 80 million barrels to domestic refiners as the country braces for potential energy shortfalls …
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Business
Treasury Secretary’s Sanctions Plan Sparks Debate Over Oil Strategy and Iran Policy
by admin477351A proposal from Treasury Secretary Scott Bessent to potentially lift US sanctions on Iranian oil stranded on tankers has generated intense discussion among energy analysts, national security experts, and policy …
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Tech
Mark Zuckerberg Spent $80 Billion Building a World Nobody Wanted — Meta Is Finally Giving Up
by admin477351There are expensive failures, and then there is the Meta metaverse. After accumulating nearly $80 billion in losses, Mark Zuckerberg’s company is officially shutting down Horizon Worlds on VR platforms. …
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Finance
Revolut’s landmark year: £1.7bn profit, uk banking launch, and a stark warning on green credibility
by admin477351Revolut has announced what its chief executive called a “landmark year,” posting £1.7 billion in pre-tax profit for 2025 and crossing 68 million customers globally, all while flagging that its …
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Markets
Dollar weakens and gold slides as Trump’s Iran announcement eases market fears
by admin477351Currency and precious metals markets reflected improved risk appetite Monday after President Donald Trump announced that diplomatic discussions with Iran had been productive enough to warrant a five-day delay in …
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A “macro wrecking ball” of high oil prices and rising U.S. yields is currently hitting Asian financial markets. Markets in Tokyo, Seoul, and Hong Kong all closed lower on Thursday …