BUSINESS

Microsoft CEO Satya Nadella on Tuesday defended his company's multi-billion-dollar investment in ChatGPT developer OpenAI after the EU and Britain launched probes into whether it resembles a merger.

With Wall Street closed Monday for a holiday, there were few catalysts to drive buying, while analysts warned investors might have overdone their optimism about how much the US central bank will loosen monetary policy this year.

Asian stocks ticked lower Tuesday as Middle East concerns overshadowed hopes for an early Federal Reserve interest rate cut, with traders now awaiting the release of key data out of China and the United States later in the week.

ChatGPT maker OpenAI has said it will introduce tools to combat disinformation ahead of the dozens of elections this year in countries that are home to half the world's population.

Check out Amberflo's Generative AI monetization platform and profit from the gold rush.

China will put on a show of force Tuesday with a large delegation represented by Prime Minister Li Qiang at the annual meeting of global elites in Davos, despite shadows cast by wars raging in Ukraine and Gaza.

North Korea is formally abolishing key government agencies charged with promoting cooperation and reunification with the South, state media said Tuesday, as leader Kim Jong Un called for constitutional changes allowing Pyongyang to "occupy" Seoul in war.

Hundreds of northeast Syrian villages and towns have lost power, with water supplies also affected, after Turkish strikes pounded electricity stations and infrastructure, the region's semi-autonomous Kurdish administration said Monday.

The way a space looks and the subtle principles used to design it are deeply impactful on a person spending time there.

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Everton and Nottingham Forest have been referred to an independent commission by the Premier League on Monday after admitting to breaches of financial rules.

Yemen's Huthi rebels hit a US-owned cargo vessel with a missile on Monday, the US military said, heightening fears for the volatile region after repeated attacks on shipping triggered American and British strikes.

Britain will send 20,000 armed forces personnel to one of NATO's largest exercises since the Cold War, Defence Secretary Grant Shapps announced on Monday, warning of increasing threats to the Western-led alliance.

The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe's export giant.

For more than a century, Marc Bernhardt's family has been running a dairy farm in eastern Germany's Saxony region.

Asian markets were mixed Monday as traders weighed US inflation data that revived hopes for an early interest rate cut, but gains were tempered by geopolitical worries after fresh US-UK strikes on Huthi targets in Yemen.

The Panama Canal drought causes severe shipping delays from Asia to the U.S. East Coast, particularly for heavy goods. Carriers are rerouting from trans-Pacific to trans-Atlantic via the Suez Canal, with alternate routes increasing transit times by 20-30%.

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

The world's wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, as it called on nations to resist the ultra-rich's influence over tax policy.

The Maldivian president told India Sunday to withdraw its nearly 100 troops by March 15, a day after returning from China where he signed a raft of deals.

A volcano erupted just north of the Icelandic fishing village of Grindavik early on Sunday, just hours after local residents were evacuated, authorities said.

President-elect Lai Ching-te may have won the top job in Taiwan's elections, but he must now chart an uneasy path on the doorstep of an increasingly assertive China.

Denmark turns a page in its history on Sunday when Queen Margrethe abdicates and her son becomes King Frederik X, with more than 100,000 Danes expected to turn out for the unprecedented event.

Artificial intelligence raises serious concerns for jobs but it will also create new positions, the head of Adecco, the world's biggest temporary staffing agency, said.

When Taiwan's president-elect Lai Ching-te stepped onstage and vowed to defend the self-ruled island from China's ever-constant threat, 24-year-old Jacky breathed a sigh of relief as thousands around him erupted in thunderous cheers.

The withdrawal of UN peacekeepers from the Democratic Republic of Congo "has commenced", the foreign minister announced on Saturday, with completion due by the end of the year.

The United States carried out a fresh strike Saturday on a Huthi rebel target in Yemen, the US military said, after the Iran-backed militants warned of further attacks on ships in the Red Sea.

Nestled in the heart of historic Cairo, a cultural centre synonymous with the Egyptian capital's art scene has been razed, the latest heritage site torn down for contentious development projects.

A "pain-free" Novak Djokovic begins his Australian Open defence against a teenage qualifier on Sunday as he bids for an unprecedented 25th major crown, but women's top seed Iga Swiatek faces a much trickier assignment.