Oil posts second weekly decline as glut concerns dominate

Oil posts second weekly decline as glut concerns dominate

OIL declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply.  West Texas Intermediate gained 0.9 per cent to settle above US$56 a barrel on Friday. Still, the US benchmark was still down over 1 per cent in a week that saw it touch its lowest point in nearly…

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Why is Trump’s media company getting involved with nuclear power?

Why is Trump’s media company getting involved with nuclear power?

President Trump’s media company is merging with a nuclear fusion energy firm in a $6-billion deal aimed at generating more power amid growing demand from power-hungry artificial intelligence data centers. The merger between Trump Media & Technology and TAE Technologies could lead to one of the world’s first publicly traded fusion energy companies, the two…

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They graduated from Stanford. Due to AI, they can’t find a job

They graduated from Stanford. Due to AI, they can’t find a job

A Stanford software engineering degree used to be a golden ticket. Artificial intelligence has devalued it to bronze, recent graduates say. The elite students are shocked by the lack of job offers as they finish studies at what is often ranked as the top university in America. When they were freshmen, ChatGPT hadn’t yet been…

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Toyota to import US-made cars after Trump gripe

Toyota to import US-made cars after Trump gripe

JAPANESE car giant Toyota said on Friday it will begin importing three of its US-manufactured models into its home market next year, in an apparent move to placate Donald Trump. The US president has imposed painful import tariffs on countries around the world in an attempt to boost his country’s manufacturers and reduce its colossal…

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Stocks to watch: Stoneweg Europe Stapled Trust, Coliwoo

Stocks to watch: Stoneweg Europe Stapled Trust, Coliwoo

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Dec 19): Stoneweg Europe Stapled Trust (Sert) : The managers of Sert on Friday said that it has entered into an agreement to divest a non-core office property in Italy – Via Amba Aradam Rome – for a consideration…

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