Browsing: Business

The number of natural gas-directed rigs in the United States has declined for the second consecutive year, reflecting broader shifts in the energy market, according to the latest data from the U.S. Energy Information Administration (EIA). Between December 2022 and December 2024, the

Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on oil markets already grappling with OPEC+ plans to increase production and fresh U.S. tariffs on Canada, Mexico, and China. By

AI startup Anthropic has seen its valuation soar to $61.5 billion following its latest funding round, marking a threefold increase in a short span. The company successfully raised $3.5 billion, significantly surpassing its initial $2 billion target. This rapid valuation growth underscores the

Taiwan Semiconductor Manufacturing Co. (TSMC) will invest an additional $100 billion in U.S. chip production, the company and President Donald Trump announced Monday, expanding its existing $65 billion commitment in Arizona. TSMC, the world’s leading semiconductor manufacturer, is increasing its U.S. footprint amid rising

Apple defied India’s declining smartwatch market in 2024, posting a remarkable 141% increase in Apple Watch shipments. While the country’s overall smartwatch segment shrank by 30% year-on-year due to fading demand for budget models, Apple’s strong growth highlighted a shift toward premium devices.

Japan’s digital trade deficit reached a record 6.46 trillion yen ($43 billion) in 2024, underscoring the continued dominance of U.S. tech giants in the sector, according to government data cited by media reports. The latest figures, released by the Finance Ministry, mark a significant

Apple has announced an unprecedented commitment to invest more than $500 billion in the U.S. economy over the next four years. The initiative, revealed on February 24, 2025, represents the company’s most significant financial pledge to date, with a strong focus on advanced

Tesla is set to enter the Indian market as its first shipment of electric vehicles is expected to arrive soon. According to a media report citing sources, the U.S.-based EV manufacturer plans to ship thousands of vehicles to a port near Mumbai in

The United Kingdom’s inflation rate rose to 3% in January, surpassing analyst expectations of 2.8%, according to data released by the Office for National Statistics (ONS) on Wednesday. The increase marks a sharp rise from the previous month’s 2.5% and comes amid

Indian Prime Minister Narendra Modi and U.S. President Donald Trump have agreed to commence negotiations on a bilateral trade agreement, marking a significant step in strengthening trade ties between the two nations. Announced during Modi’s visit to the White House on February 13, 2025, the talks