As global trade becomes increasingly fragmented, economic relations between China and the European Union are entering a more confrontational phase, marked by a growing reliance on tariffs, investigations and retaliatory measures. What began as targeted disputes in specific sectors has steadily widened, drawing in agriculture, manufacturing, technology and consumer goods. In the latest development in
Netflix’s acquisition of Warner Bros Discovery is poised to add more pressure to movie theatres, which are struggling to fill seats after the pandemic. The holiday release of Avatar: Fire and Ash, the third installment in one of Hollywood’s most successful franchises, was expected to be a boost for cinemas still recovering from the pandemic.
Nvidia is preparing to resume shipments of advanced artificial intelligence chips to China, signalling a potential reset in cross-border technology trade after a change in US policy, according to a Reuters exclusive. The company has reportedly told Chinese clients that it aims to start shipping its H200 AI chips before the Lunar New Year holiday
Italy’s competition authority has imposed a €98.6 million fine on Apple, intensifying scrutiny over how the company operates its App Store and applies privacy rules to developers. The decision adds to a broader European debate on whether Apple’s control over its mobile ecosystem disadvantages third-party app makers, even as the company argues that its policies
Oracle co-founder Larry Ellison has agreed to personally backstop a crucial portion of the financing behind Paramount Skydance’s hostile bid for Warner Bros Discovery (WBD), intensifying a high-stakes takeover battle that could reshape Hollywood’s streaming landscape. Paramount said on Monday that Ellison has provided an “irrevocable personal guarantee” covering $40.4 billion of equity financing for
Crude oil price extended previous losses to a two-month low as concerns over a supply glut and slowing demand growth continue to weigh on the market. Brent oil edged lower to find support at the crucial support level of $60 as at the time of writing. At the same time, WTI oil price declined to
The oil market currently sits between two distinctive scenarios, involving the growing supply risk from Venezuela, and prospect of a peace deal between Russia and Ukraine. On one hand, the prospect of a potential peace agreement in the Russia and Ukraine war could see sanctions on Russian oil disappear quickly. This would then be available
BP has appointed Meg O’Neill, the chief executive of Australia’s Woodside Energy, as its new CEO. This move signals BP’s intention to intensify efforts to increase returns and prioritise oil and gas operations, following a scaling back of its earlier, ambitious renewable energy strategy. A historic appointment O’Neill’s appointment, which is slated to take effect
UK-based OXCCU is advancing a game-changing one-step power-to-liquids (PtL) process that could dramatically lower the cost of sustainable aviation fuel (SAF) and accelerate aviation’s path to net-zero, CEO and co-founder Andrew Symes tells Invezz. In this exclusive Invezz interview, Symes – an Oxford University chemistry graduate with deep experience in climate tech investing at BP
Russia’s Foreign Ministry said on Thursday that it hoped the administration of US President Donald Trump would not make a grave error in Venezuela, as tensions between Washington and Caracas continue to rise. Moscow expressed alarm about US policies that could jeopardise international shipping and further destabilise the region. The remarks come after Trump on