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Oil and gas producers are facing a critical juncture, according to a report from the International Energy Agency (IEA) released on Thursday. The industry must make a pivotal decision – either continue contributing to the acceleration of the climate crisis or actively engage in solutions, the report stated. At present, the oil and gas sector repr…

In a legal move that could potentially cost Casetify millions, accessory manufacturer Dbrand has initiated a lawsuit alleging intellectual property theft. The lawsuit contends that Casetify unlawfully replicated the distinctive designs of Dbrand's "transparent" Teardown products, which include skins and cases developed in collaboration with popular…

In a whirlwind of crisis and change, Sam Altman has reclaimed his position as the CEO of OpenAI, marking a significant shift in leadership. The ousted board has made way for three new directors, signaling a strategic move to reshape the future of the prominent AI company. The composition of OpenAI's new board is still in flux, with ongoing negot…

In a landmark development aimed at instilling order in the often-lawless cryptocurrency industry, billionaire Changpeng Zhao and Binance, the world's leading cryptocurrency exchange, confessed to federal charges on Tuesday. The coordinated settlement with the federal government involves Binance agreeing to a substantial payment exceeding $4 billion…

In a surprising electoral upset, Javier Milei secured a significant majority in Argentina's presidential election. However, the self-proclaimed "anarcho-capitalist" now confronts formidable challenges in realizing his ambitious agenda to streamline the government and adopt a dollarized economy. The economic landscape in Argentina is dire, marked…

Last week, a significant drop in US yields occurred, triggered by lower-than-expected U.S. inflation data and a surge in U.S. jobless claims. This development, signaling reduced chances of additional monetary tightening by the U.S. central bank, allowed traders to factor in more aggressive rate cuts for the upcoming year. The decline in US yield…

OpenAI's leadership, alarmed by concerns likening the company's technological advancements to a potential "nuclear bomb," opted to dismiss CEO Sam Altman, citing it as a pragmatic move. However, the abrupt and non-transparent manner of Altman's termination, executed without forewarning major stakeholders, raised questions about the decision's ratio…

For the third consecutive week, mortgage rates have experienced a decline, providing a welcome respite for homebuyers who are mindful of their budgets. There is a possibility of further easing, with some experts suggesting that rates may have already reached their peak for the year. According to Freddie Mac's report on Thursday, the average rate…

Amazon next year will allow auto dealers to sell cars through its site, starting with South Korean automaker Hyundai, the company said Thursday. The company has slowly muscled its way into the car-buying business over the years, launching digital showrooms on its site for shoppers to research and compare vehicles but not purchase them directly thro…

An International Energy Agency report reveals a significant surge in employment within the clean energy sector, with a notable 20.27 percent increase since 2019, reaching a total of 36.2 million jobs. This growth contrasts with the fossil fuel industry, which has yet to fully recover to pre-pandemic levels. The International Energy Agency's (IEA) a…