Blue Origin Unveils More Powerful Version of New Glenn Rocket Jeff Bezos’ space company, Blue Origin, has announced plans to build a larger and more powerful version of its New Glenn rocket. The new model, named New Glenn 9×4, will form part of a future family of orbital launchers designed to rival the Falcon series by Elon Musk’s SpaceX. A Stronger Rocket Design The New Glenn 9×4 takes its name from the nine engines on its first stage and four on its second stage — an increase of two engines per stage compared with the current design. Blue Origin described…
Author: Kanika Sharma
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UAE to Invest $50 Billion in Canada Across Key Sectors The United Arab Emirates has announced plans to invest up to $50 billion in Canada under a new framework that targets projects in artificial intelligence (AI), energy, and mining. The agreement highlights growing cooperation between the two countries and reflects the UAE’s strategy to expand its global investment footprint. Expanding Energy Investments Abroad The UAE has been steadily increasing its overseas energy ventures. Much of this expansion is being driven by XRG, a recently launched firm that serves as the foreign investment arm of Abu Dhabi National Oil Company (ADNOC).…
Emerging Market Stocks Rise as Nvidia Earnings Spark Global Relief Rally Emerging market stocks climbed on Thursday, joining a global relief rally following Nvidia’s strong earnings report, which eased investor concerns over a possible tech sector bubble. MSCI’s Emerging Markets Index rose 0.9%, supported by gains in Taiwan and South Korea, as optimism returned to technology shares. Nvidia’s better-than-expected results and upbeat forecast reassured investors that demand for artificial intelligence (AI) technology remains solid despite earlier fears of overvaluation. Those concerns had weighed on global markets earlier this month, pushing the MSCI index to a one-month low. Adding to the…
Elon Musk and Jensen Huang Partner with Saudi AI Startup Humain to Build Massive Data Centre Tesla CEO Elon Musk and Nvidia CEO Jensen Huang announced new partnerships with Saudi Arabian artificial intelligence startup Humain at the U.S.-Saudi Investment Forum held on November 19. The collaboration includes plans to develop a massive 500-megawatt data centre in Saudi Arabia, marking one of the largest projects of its kind in the region. Huang praised the scale of the project, saying, “Could you imagine a start-up company — approximately zero billion dollars in revenues — now going to build a data centre for…
UK Grants Google Strategic Market Status in Online Search Britain’s Competition and Markets Authority (CMA) has designated Google as holding “strategic market status” (SMS) in online search, marking the first major use of the UK’s new powers to regulate Big Tech dominance. The move allows the regulator to introduce “proportionate and targeted” interventions to promote competition but does not immediately impose any new rules. CMA Moves to Rein in Market Concentration The CMA said the designation enables it to compel the US tech giant to modify how it operates in the UK market if required. Will Hayter, the CMA’s Executive…
Asian Stocks Boom as AI Momentum Fuels Market Optimism Asian stock markets boom as investors poured money into AI-related sectors, pushing global equities higher. Gold stayed above $4,000 an ounce, while the dollar held firm after its strong recent gains. AI-Focused Rally Boosts Global Equities A renewed surge in AI enthusiasm sent the S&P 500 and Nasdaq to fresh record highs, as investors continued to buy on dips. Analysts at JPMorgan said in a note that the “AI theme remains intact,” with billions flowing into the technology sector daily. They added that estimates for tech earnings growth have climbed to…
Bitcoin Surges to All-Time High Bitcoin reached a new record high on Monday, October 6, as the world’s largest cryptocurrency by market value continued to attract strong investor interest. The digital asset climbed above $125,000 for the first time on Sunday before extending its rally into Monday’s session. Institutional Support Drives Momentum The surge has been driven by increasing participation from institutional investors and more supportive policies under US President Donald Trump. These factors have strengthened confidence in the cryptocurrency market, with investors viewing bitcoin as both a growth opportunity and a potential hedge against economic uncertainty. Bitcoin’s closer integration…
Asia Sees $100 Billion Investment Boost as Global Funds Diversify Asia, excluding China, has drawn around $100 billion in capital inflows over the past nine months as global investors shift away from a heavy reliance on the US, according to Kevin Sneader, president of Goldman Sachs Asia-Pacific ex-Japan. Investors Diversify Beyond the US Speaking at the Milken Institute Asia Summit 2025 in Singapore, Sneader stressed that the trend reflects diversification rather than an exit from US markets. He noted Japan has emerged as a major beneficiary, while China’s recent equity rally has been largely fuelled by domestic investors and interest…
Samsung and SK Hynix Partner with OpenAI on Chip Supply and Data Centres Samsung Electronics and SK Hynix have signed agreements to supply memory chips for OpenAI’s data centres. The move strengthens South Korea’s role in the global artificial intelligence race, as both chipmakers join forces with the ChatGPT creator to meet rising demand from the Stargate project. OpenAI to Build Data Centres in South Korea OpenAI also plans to work with the two South Korean companies to construct two data centres. These facilities, described as a “Korean-style Stargate,” will build on Seoul’s ambitions to become a leading AI hub…
Mass Federal Workforce Exodus Leaves Agencies Struggling More than 150,000 federal employees are leaving the US government payroll this week after accepting buyouts, marking the largest single-year departure of civil servants in nearly eight decades. Unions and governance experts warn that this loss represents not only a sharp reduction in staff but also a major blow to institutional knowledge. Wave of Resignations Begins The official resignations began on Tuesday for employees enrolled in a deferred exit scheme, which kept them on the payroll through September. The buyouts are central to former President Donald Trump’s plan to reduce the federal workforce,…