BUSINESS

The month-long trial has been an ordeal for Sam Bankman-Fried after some of his closest associates testified that he was key to all the decisions that saw $8 billion vanish from his FTX trading platform

Bankman-Fried Found Guilty Of Massive Crypto Fraud

Sam Bankman-Fried, the one-time cryptocurrency golden boy accused by US prosecutors of stealing billions of dollars of his customers' money, was found guilty on Thursday on all counts, and now faces up to 110 years behind bars.
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IEA chief Fatih Birol wrote in the FT that 'the world is on the cusp of a historic turning point'

Fossil Fuel Demand To Peak This Decade: IEA Chief In FT

World demand for oil, gas and coal is forecast to peak this decade for the first time as the use of cleaner energy and electric cars accelerates, the International Energy Agency's chief wrote Tuesday in the Financial Times.
Alibaba CEO Daniel Zhang has stepped down just as he was due to take over the firm's cloud computing branch

Alibaba Announces Surprise Departure Of Ex-CEO

Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang, who had been set Monday to take charge of a key subsidiary as the firm undergoes a major restructuring.
Meta is racking up fines of nearly $100,000 per day in Norway for failing to comply with a ban on targeted advertising using client data without their consent

Norway Court Rejects Meta Bid To Defer Ban

A Norway court on Wednesday rejected US tech giant Meta's request to defer a ban on behavioural marketing based on users' personal information, which has landed it a heavy fine in the country.
UAE flag flies over a boat at Dubai Marina

UAE's Mubadala Capital, Brazil's Petrobras Sign MoU For Biofuel Project

"This agreement underscores Mubadala Capital and Petrobras' shared commitment to the energy transition, and we are excited to work alongside Petrobras to create a novel, carbon-neutral, product that will speed up the transition into a sustainable future," he Chief Investment Officer and Head of Brazil at Mubadala Capital, Oscar Fahlgren said.
The switch to clean energy risks being braked by 'geopolitical fractures,' says Birol

Global Tensions Risk Clean Energy Progress: IEA Chief

The head of the International Energy Agency urged the United States and China to set aside their differences and align on climate change, warning in an interview Monday that "geopolitical fractures" risked holding back the clean energy transition.
Visitors walk past the Baidu booth during the World Artificial Intelligence Conference (WAIC) in Shanghai

China's Baidu Rolls Out ChatGPT Rival To Public

China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush.
Instagram influencers reach millions of followers

Oil Firms Pay Insta, TikTok Influencers For Ads

Oil companies are paying popular influencers to pump their gas on social media, sparking a backlash from some climate-conscious fans for promoting planet-warming fossil fuels among young people.
Poland's Iga Swiatek powered into the second round of the US Open with a straight sets victory against Sweden's Rebecca Peterson

Swiatek Off The Mark As Djokovic Eyes No.1 At US Open

Iga Swiatek launched the defence of her US Open crown with an emphatic opening victory on Monday as Novak Djokovic eyed a return to the top of the men's world rankings on his long-awaited return to the tournament.
ChatGPT creator OpenAI will open its first office outside California in London

ChatGPT Turns To Business As Popularity Wanes

OpenAI on Monday said it was launching a business version of ChatGPT as its artificial intelligence sensation grapples with declining usership nine months after its historic debut.

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