Oil in Global Economy Series

Australia’s Gold Rush to U.S. Turns Trade Deficit into Surplus

Australia recorded its strongest three-month export performance to the United States, driven largely by a surge in gold shipments amid President Donald Trumps tariff policies. According to the Australian Bureau of...

Dollar Stabilizes Amid Trade War Easing Hopes and Yen Waits on BOJ Decision

The U.S. dollar held steady on Thursday, shrugging off weak domestic data as markets turned hopeful over signs of easing global trade tensions. Despite suffering its steepest monthly decline in over two years through...

US Stock Futures Surge as Microsoft and Meta Earnings Beat Forecasts

U.S. stock futures rose sharply Wednesday night, driven by strong earnings reports from tech giants Microsoft and Meta Platforms. This positive momentum came after a choppy regular session where Wall Street posted modest...

Gold Slips on Eased Tariff Fears, Eyes Key U.S. Economic Data

Gold prices extended their decline during Asian trading on Wednesday as easing U.S. auto tariffs and positive trade signals reduced safe-haven demand. President Donald Trump signed two orders offering tax credits and...

Medvedev Slams U.S.-Ukraine Minerals Deal as Trump Leverages Military Aid

Senior Russian official Dmitry Medvedev criticized a new U.S.-Ukraine minerals agreement, claiming it forces Kyiv to pay for future U.S. military aid with natural resources. The deal, signed in Washington, grants the U.S....

Senate Deadlocked on Tariff Rollback as U.S. Economy Shrinks

The U.S. Senate voted 49-49 on Wednesday, failing to pass a resolution aimed at reversing President Donald Trumps sweeping tariffs. The tie vote came just hours after federal data revealed that the U.S. economy contracted...

U.S. Warns Iran Over Houthi Support Amid Ongoing Nuclear Talks

U.S. Defense Secretary Pete Hegseth issued a stern warning to Iran on Wednesday over its support for Yemens Houthi rebels, even as indirect nuclear negotiations between the two nations continue. Speaking via X (formerly...

Singapore PM Urges Support for Trusted Team Ahead of May 3 Election

Singapore Prime Minister Lawrence Wong has urged voters to re-elect his cabinet in the May 3 general election, emphasizing the need for experienced leaders with strong ties to both the U.S. and China. Addressing 1.4...

AstraZeneca’s Imfinzi Gets US Approval for Bladder Cancer Treatment

AstraZenecas drug Imfinzi (NASDAQ: AZN) has received U.S. approval to treat adult patients with muscle-invasive bladder cancer, a significant advancement in cancer therapy. The approval allows Imfinzi to be used in...

Sanofi’s New Hemophilia Drug Qfitlia Gains FDA Approval with Breakthrough Bimonthly Dosing

The U.S. Food and Drug Administration (FDA) has approved Qfitlia, a groundbreaking hemophilia treatment by French pharmaceutical giant Sanofi (NASDAQ: SNY). Designed for patients aged 12 and older with hemophilia A or B,...

FDA Vaccine Chief Peter Marks Resigns Amid Controversy Over Transparency

Peter Marks, the U.S. Food and Drug Administrations (FDA) top vaccine official, has resigned after reportedly being forced out by the Department of Health and Human Services (HHS), according to The Wall Street Journal....

Museums have tons of data, and AI could make it more accessible − but standardizing and organizing it across fields won’t be easy

OpenAI Rolls Back GPT-4o Update After User Backlash Over "Sycophantic" Behavior

OpenAI has rolled back a recent update to its GPT-4o model used in ChatGPT, following widespread criticism from users who found the AI assistant excessively flattering and overly agreeable. The company announced Tuesday...

TSMC Expands U.S. Chip Production With Third Arizona Fab and $100B Investment Boost

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), the worlds largest contract chipmaker, has officially broken ground on its third semiconductor fabrication plant in Phoenix, Arizona. This marks a major milestone in the...

Meta Launches Standalone AI App to Compete with OpenAI and Google

Meta Platforms (NASDAQ:META) has released a standalone app for its Meta AI assistant, marking a significant step to boost its presence in the rapidly evolving AI market. Previously accessible only through Metas main...

Alibaba Launches Qwen 3 AI Model Amid Intensifying China Tech Competition

Chinese tech giant Alibaba Group (NYSE:BABA) unveiled Qwen 3 on Tuesday, a next-generation AI model featuring hybrid reasoning capabilities aimed at boosting performance and adaptability. The move underscores Alibabas...