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Middle East Tensions Push Oil Prices Higher, Impacting Global Business

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Escalating geopolitical tensions in the Middle East, particularly around the Strait of Hormuz, have significantly impacted global markets. Oil prices surged above $100 per barrel as disruptions in shipping routes raised concerns over supply stability. The conflict between the United States and Iran has intensified, with military actions affecting one of the world’s most critical […]

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Asian Tech Stocks Surge Amid AI Boom Led by Chip Giants

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Asian technology markets witnessed a strong rally driven by the global artificial intelligence boom. Major companies such as Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics, and Alibaba recorded significant gains, reflecting investor optimism in AI-driven growth. TSMC shares surged over 6%, while South Korean chipmakers like SK Hynix and Samsung saw impressive gains, pushing the

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Dubai Launches Massive Agentic AI Plan to Transform Private Sector

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Dubai has taken a major leap in global artificial intelligence adoption by announcing a two-year “Agentic AI” strategy aimed at transforming the private sector. The initiative, led by Crown Prince Sheikh Hamdan bin Mohammed, is designed to position Dubai as a global leader in AI-driven economic growth and innovation. The plan focuses on embedding advanced

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Global Economy Faces Volatile Week as Oil Shock and AI Spending Drive Market Risks

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Global markets are entering a highly volatile week as investors balance rising oil prices, geopolitical risks, and accelerating artificial intelligence investment trends. According to market analysts citing Reuters data, oil prices remain elevated above $100–120 per barrel, while strong corporate earnings and AI-driven growth continue to support equity markets. However, the combination of high energy

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Asian Energy Imports Collapse to Decade Low as Middle East Supply Shock Deepens

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Asia is experiencing a sharp drop in energy imports as Middle East supply disruptions continue to intensify, pushing regional markets into one of their most constrained periods in over a decade. Reuters data shows crude imports into Asia fell to 19.39 million barrels per day in April, down from 27.52 million bpd in February, reflecting

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OPEC+ Output Hike Seen as Symbolic Amid Continued Supply Disruptions

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OPEC+ has agreed to another modest oil output increase, but analysts say the move is largely symbolic as ongoing disruptions continue to limit actual supply. According to Reuters, the group approved a 188,000 barrels-per-day increase for June—its third consecutive monthly hike—despite the continued closure of the Strait of Hormuz. The increase comes at a time

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Global Markets Stabilize as Oil Holds Near $108 Amid Hormuz Shipping Talks

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Global markets showed signs of stabilization today as oil prices held near $108 per barrel, with investors cautiously optimistic about efforts to restore shipping through the Strait of Hormuz. Reuters reported that Brent crude rose slightly to $108.36, while Asian equities posted modest gains amid expectations that the U.S. could deploy measures to free stranded

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UAE Defends OPEC Exit as Strategic Shift Toward Investment and Growth

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The United Arab Emirates has officially defended its recent exit from OPEC and OPEC+, calling the move a strategic decision aimed at accelerating investment, industrial growth, and long-term economic resilience. Speaking on May 4, ADNOC CEO Sultan Al Jaber emphasized that the decision was “not directed against anyone” but designed to prioritize national interests and

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Capgemini Says Generative AI Now Drives Over 10% of New Business Bookings

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French IT services giant Capgemini reported that generative and agentic AI now account for more than 10% of group bookings, showing how quickly enterprise demand for AI consulting is accelerating. Reuters reported first-quarter revenue rose 7% at constant exchange rates to 5.9 billion euros, while bookings increased 6.2% year-on-year to 6 billion euros. North America

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Iron Mountain Raises Forecast as AI Data Center Boom Accelerates Global Investment

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Data center operator Iron Mountain raised its full-year forecast after strong demand from companies building infrastructure for artificial intelligence applications. Reuters reported the company now expects annual revenue between $7.83 billion and $7.93 billion, up from its earlier forecast of $7.63 billion to $7.78 billion. It also reported adjusted funds from operations of $1.43 per

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