
AI Revolutionizes Oil and Gas Drilling, Boosting Efficiency and Cost Savings
Mar 14, 2025 01:52 am UTC| Technology Business
Artificial intelligence is transforming oil and gas drilling, making once-infeasible projects viable and improving efficiency. At the CERAWeek conference in Houston, industry leaders highlighted how AI-driven innovations...

Newsmax Pays $40M to Settle Smartmatic Defamation Lawsuit
Mar 14, 2025 01:50 am UTC| Business Law
Newsmax Media has agreed to pay $40 million to settle a defamation lawsuit filed by Smartmatic over false claims that the voting technology company rigged the 2020 U.S. election in favor of Joe Biden. The settlement,...

U.S. Approves $5B Loan for Mozambique LNG, Paving Way for Project Restart
Mar 14, 2025 01:50 am UTC| Business
The U.S. Export-Import Bank has approved a nearly $5 billion loan to support the Mozambique LNG project, a significant step toward resuming the long-delayed development led by TotalEnergies (EPA:TTEF). The bank had...

Samsung SDI to Raise $1.38B for GM JV, Hungary Expansion
Mar 14, 2025 01:50 am UTC| Business
Samsung SDI (KS:006400) announced plans to issue new shares worth 2 trillion won ($1.38 billion) to fund key growth initiatives, including its U.S. joint venture with General Motors (NYSE:GM) and expanding battery...

Eletrobras Sees 25% Profit Surge, Announces $310M in Dividends
Mar 14, 2025 01:50 am UTC| Business
Brazilian power giant Eletrobras reported a nearly 25% increase in fourth-quarter net profit, reaching 1.11 billion reais ($191.4 million). The utility, Latin Americas largest by generating capacity, also announced an...

Australia Grants ANZ Group A$2 Billion Loan Guarantee for Pacific Expansion
Mar 14, 2025 01:50 am UTC| Business
The Australian government will provide ANZ Group with a A$2 billion ($1.26 billion) loan guarantee to support its banking operations in the Pacific region. The guarantee, expected to take effect in the second half of 2025,...

Tesla Faces Challenges Amid Trade Tensions and Market Struggles
Mar 14, 2025 01:50 am UTC| Business
Tesla (NASDAQ: TSLA) is facing mounting challenges, with its stock plunging 50% from post-Trump highs. Investor concerns are fueled by Elon Musks involvement with Dogecoin (DOGE), slowing EV sales, and dealership protests....