With energy and cash to spare, the Middle East’s wealthy Gulf states are attempting to position themselves as the next global AI hub.
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Inside the Gulf’s trillion-dollar AI gamble
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BP offloads German refinery to Klesch, boosts cost savings target
BP said on Thursday it would sell its German oil refinery site in Gelsenkirchen to investment firm Klesch Group for an undisclosed sum and raised its cost reduction target, in the latest move to simplify its portfolio and shore up its balance sheet. The transaction forms part of the British oil major’s $20 billion divestment […]
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Europe’s central banks are no longer in a ‘good place’ as Iran war upends forecasts
A projection of a Euro currency sign is pictured on the facade of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on Dec. 30, 2025. Kirill Kudryavtsev | Afp | Getty Images Before the war on Iran began in late February, Europe’s central banks enjoyed a more benign inflation outlook as […]
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Asia tech stocks sink as oil spike and Qatar attacks threaten chip supply chain
Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty Images Asian technology stocks fell on Thursday as Iran’s latest attacks on Qatar’s Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment, amplifying concerns […]
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