Monthly Archives: July 2025

Oil prices stabilized on Tuesday following an earlier decline, as the market assessed the likelihood of an OPEC+ output increase in August during an upcoming meeting. Brent crude rose by 10 cents, or 0.2%, to $66.84 a barrel by 0635 GMT, while U.S. West Texas Intermediate crude increased by 9 cents, or 0.1%, to $65.20 […]

Two Chinese artificial intelligence chip startups are planning to raise a combined 12 billion yuan ($1.65 billion) through initial public offerings (IPOs), aiming to capitalize on U.S. export restrictions on advanced chip sales to China. Beijing-based Moore Threads intends to raise 8 billion yuan, while Shanghai-based MetaX seeks 3.9 billion yuan. Both companies plan to […]

Canada scrapped a digital services tax after a trade threat from President Donald Trump. The tax would have cost US tech firms billions each year and $3 billion in retroactive payments. Similar digital taxes also exist in France and the UK, aimed at large digital companies. US tech giants came close to paying billions to […]

Sri Mandir Secures $20 Million in Series C Funding Amid Growing Digital Devotion AppsForBharat, the Indian startup behind the Hindu devotional app Sri Mandir, has raised $20 million in a new funding round led by Susquehanna Asia Venture Capital. Existing investors, including Nandan Nilekani’s Fundamentum Partnership, Elevation Capital, and Peak XV Partners, also participated. This […]

AI-powered chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership with Apple for […]

Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an economic slowdown driven by prospects of higher U.S. tariffs. Brent crude futures for September delivery fell 16 cents, or 0.24%, to $66.58 a barrel by 0000 GMT. U.S. West Texas Intermediate crude declined 20 cents, […]