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Red Sea homes priced up to $40m in Saudi property boom

New homes are built on ring-shaped island by sovereign wealth fund's Red Sea Global

The Red Sea, a flagship destination developed by Red Sea Global, is a regenerative tourism destination along the west coast of Saudi Arabia.

Groq, AI chip startup, raises $750m at $6.9b valuation

It signals investor interest in alleviate a shortage of chips and computer power for AI

A speaker at the GenAI Summit

US Chief Justice lets Trump oust FTC Commissioner

Rebecca Kelly Slaughter, the FTC’s only Democrat, briefly returned to her job last week

FTC Chair Lina Khan Testifies Before House Judiciary Committee

Tesla grabs top spot in Norway as EVs hit 97% of sales

EVs account for 97% of Norway car sales, with Tesla taking lion's share

Norway has a high penetration of electric cars, with 97% of new passenger vehicle registrations. As a result, producers have flocked to the market with about 170 electric-powered models to choose from.

$20M diamonds & rare cars at Sotheby’s Abu Dhabi debut

Sotheby’s has seen strong demand from the Middle East over the past five years

Abu Dhabi Global Market Shows Rise of New Hedge Fund Hubs

Nvidia gives lukewarm forecast: AI slowing down?

California-based company is largely unchallenged in market for its AI accelerator chips

Nvidia CEO Jensen Huang in Beijing

Powell says shifting risks may warrant adjusting rates

Ahead of Powell’s speech, investors put odds of a cut next month at about 75%

Treasury yields tumbled, the S&P 500 extended gains and the dollar fell.

Boeing in talks to sell 500 planes to China: Sources

The two sides are hammering out terms of the complex aircraft sale, reports Bloomberg

Boeing has notched only 30 orders with Chinese carriers and leasing companies since the start of 2019.

Germany targets 8,300 drones, lagging NATO allies

Spending on unmanned defence system and autonomous weapons soar globally

German Defence Minister Boris Pistorius, right, during a drone demonstration in July.

Tencent investors eye path to record

Investors see chance for shares to finally regain former glory along tech mega caps

Tencent Investors Eye Path to Record in Cheap Stock Valuations

Bayer to pay $1.3b for Kumquat in push for cancer drug

Bayer to help fund development of an early-stage medicine for several types of cancer

Bayer branding.

Oil falls after weekly drop before Trump-Putin talks

Brent trades near $66 a barrel, after sliding 4.4% last week, while WTI above $63

Oil has lost more than 10% in 2025 as OPEC+ brings back production faster than initially planned, bringing to an end curbs made in 2023, even as slowing economic growth threatens to cut consumption.

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