Sam Altman doesn't want to take OpenAI public now because he may have to make 'a very strange decision' that investors will dislike

fortune.com Sam Altman wants to maintain control of OpenAI and its popular A.I. chatbot technology and therefore won’t take the company public anytime soon because it would limit his…

How BRICS Is evolving from China-Russia dream to U.S.-defying reality

newsweek.com Global interest among nations seeking to join the BRICS economic bloc led by Brazil, Russia, India, China and South Africa is demonstrating its growing influence as a new…

Skip Silicon Valley? Some Startup-Friendly Countries Are Luring Entrepreneurs Abroad

barrons.com The U.S. may be a hot spot offering a massive market for startups, but for entrepreneurs who want to launch a new business here, there are a lot of headline-making risks.…

Worldpay from FIS and Volt Enable A2A Payments for Merchants

pymnts.com Worldpay from FIS and Volt have partnered to enable merchants to receive account-to-account (A2A) payments from consumers. The collaboration will bring together Worldpay’s…

Dammam hosts important fish and algae conference and exhibition

arabnews.com DAMMAM: More than 100 companies from 35 countries descended on the Dhahran Expo for an under-the-sea experience during the International Conference and Exhibition of Algae…

Flutterwave Taps Token.io to Add Pay-by-Bank Capabilities

pymnts.com African FinTech Flutterwave has begun offering pay-by-bank transfers through a partnership with Token.io. “Our partnership with Token.io will make it even faster and easier…

Iran Exploits Biden’s Fecklessness

wsj.com Iran is steadily eviscerating the political and economic constraints the U.S. has marshalled against it. Tehran’s unprecedented coordination with the Beijing-Moscow axis has…

Here's how much it pays to control the fortunes of America's wealthiest people

businessinsider.com anilakkus/Getty Images 40% of CIOs managing wealth for America's richest are being paid $1 million or more. Family offices in the US are increasingly managing more money…

Starbucks' Oleato Beverages Expand to More Cities and States

entrepreneur.com Former CEO Howard Schultz found inspiration in Sicily — but it's not for everyone. Former Starbucks CEO Howard Schultz found inspiration on a trip to Sicily — in the form of…

The Best and Worst Countries for LGBTQ+ Travelers

statista.com In order to help LGBTQ+ tourists travel safely, the German portal Spartacus started publishing the Gay Travel Index in 2012. In the 2023 edition, the ranking compared 203…

Buy, Sell or Hold? Nike (NKE) and Foot Locker (FL)

entrepreneur.com Sticky inflation, the Fed's aggressive rate hikes, and the US banking sector turmoil is paving the way for a recession this year. Thus, I think this is not the right...…

3 Energy Stocks to Add to Your Watchlist

entrepreneur.com The energy sector is expected to remain robust amid solid demand and the emergence of new oil and gas ventures. Hence, I think fundamentally strong Energy Transfer (ET),…

Billionaire Paul Singer Is Heavily Invested in These 2 ‘Strong Buy’ Stocks Despite Recession Fears

finance.yahoo.com Investors hoping to get a good readout on where the markets might be heading – switch off now, as Billionaire Paul Singer has some bad news for you. The founder of Elliott…

Fintech Tingo's shares slump as Hindenburg takes short position

finance.yahoo.com Hindenburg Research said it has taken a short position in Tingo Group, dragging shares of the fintech more than 50% lower on Tuesday. The short-seller alleged that the…

Is Frontline's 20% Dividend Too Good To Be True?

marketbeat.com The Cyprus-based tanker firm Frontline NYSE: FRO, on May 31, posted stellar earnings of $0.90 per share and declared a $0.70 dividend. Given the company's stock price of…

Top Saudi banks maintain profitability in Q1 despite global headwinds: Alvarez & Marsal

arabnews.com RIYADH: Saudi Arabia’s top banks have continued to register steady earnings growth while maintaining profitability despite global headwinds amid rising interest rates,…

Thunes Raises $60 Million to Scale Cross-Border Payments

pymnts.com Payment infrastructure platform Thunes has raised $60 million to expand into new markets. The Singapore-based company announced the conclusion of its Series C funding round…

‘DOGGONE!’ Chiefs Coach Andy Reid Calls Biden The Wrong President During White House Super Bowl Visit

mediaite.com Kansas City Chiefs Head Coach Andy Reid made a “doggone” fumble when he misidentified President Joe Biden during a White House event celebrating the Super Bowl champs. The…

Crypto industry reacts to SEC’s lawsuit against Binance

forkast.news The cryptocurrency industry faced another jolt as the U.S. Securities and Exchange Commission (SEC) launched its latest enforcement action against the world’s largest…

Al-Hilal Increase Already Huge Lionel Messi Offer: Reports

forbes.com Al-Hilal have increased their already huge offer to Lionel Messi according to FC Barcelona transfer market expert Gerard Romero. A Saudi delegation traveled to meet Messi on…

U.S. has UFOs of "non-human origin", ex-intelligence officer claims

newsweek.com An ex-U.S. military and intelligence worker has given an interview in which he says that the U.S. has found and covered up several "non-human origin" crafts. David Grusch, a…

Bybit Boosts Middle East Presence With UAE Blockchain Scholarship

cryptodaily.co.uk Crypto spot and derivatives exchange Bybit has reinforced its Middle Eastern credentials by inking a memorandum of understanding with the American University of Sharjah…

Aviva Investor taps UBS Asset Management for new head of institutional sales

thetradenews.com Aviva Investors, Aviva’s global asset management business, has appointed Monica Fan-Bradley as head of institutional sales (excluding Asia Pacific) within its global client…

Warner Bros. Discovery CEE Boss Says He Is Supercharging “Original Documentaries That Push Boundaries” In The Region

deadline.com Warner Bros. Discovery’s (WBD) Jamie Cooke is supercharging “original documentaries that push the boundaries” from his Central & Eastern Europe, the Middle East and Turkey…

Hong Kong to allow lenders from Qatar, UAE to advise on local banking sector in a boost to financial ties with Middle East

scmp.com Hong Kong is set to allow banks from Qatar, the UAE and Liechtenstein to advise on industry issues in the city, a step that will enhance collaboration especially between…

What 2024 hopeful Cornel West has said about Ukraine

newsweek.com Progressive activist and philosopher Cornel West unexpectedly announced Monday his formal bid for the 2024 presidential election with the left-wing People's Party, saying in…

Abu Dhabi To Host Middle East Premiere Of ‘Mission: Impossible

deadline.com Abu Dhabi will host the Middle East premiere of Paramount/Skydance’s Mission: Impossible – Dead Reckoning Part One on June 26, with star Tom Cruise and director Christopher…

LGBTQ Travelers Venture to Places Where Being Gay Is Illegal

nytimes.com Tropical reefs, safaris, the pyramids: L.G.B.T.Q. travel companies deliver dream vacations, even to places where being out and proud could land you in prison. Being Gay Is…

Has UK’s Cautious Approach to New Technologies Paid Off?

pymnts.com New York and London — two of the world’s leading business-destination cities and top global financial centers — have a “strong two-way flow in terms of FinTech innovation,”…

Glacial Gambit: Advancing The Army's Arctic Strategy

zerohedge.com Glacial Gambit: Advancing The Army's Arctic Strategy Authored by Ian Whitfield via RealClear Wire, The United States faces significant questions regarding the Arctic Circle…

Zara owner Inditex faces margin test

reuters.com Investors will closely watch Zara owner Inditex's profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller Swedish rival…

Lung cancer deaths cut in half with AstraZeneca pill, large trial finds

nbcnews.com A once-daily pill from drugmaker AstraZeneca cut deaths in half among a subset of early-stage lung cancer patients who had undergone surgery, according to new clinical trial…

Canada Goose stock drops after luxury coat maker reports a drop in U.S. sales

financialpost.com We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or Canada Goose stock drops after luxury coat maker…

Saudi Arabia’s first sustainable guarantee issued to green hydrogen project at NEOM

arabnews.com RIYADH: Saudi Arabia’s green hydrogen project being developed at NEOM received the Kingdom’s first sustainable guarantee from the British bank, Standard Chartered, which…

Gary Gensler Is a National Disgrace: It’s Time to Rein Him In

blockworks.co Gary Gensler is the chair of the SEC, and he is not a popular man. While rumor has it that he seeks Janet Yellen’s Treasury role at some point, sources on Capitol Hill…

BRICS Gains Strength: More Countries Look To End Reliance on U.S. Dollar

watcher.guru The BRICS alliance is gaining strength as new countries emerge expressing interest to end reliance on the U.S. dollar. The two-day conference with foreign ministers is…

Saudi Arabia and the U.S. Are More Than Just Oil and Water

newsweek.com For more than two years, the United States has had no ambassador in Saudi Arabia. During that hiatus, a once robust and cooperative Saudi-American relationship withered.…

Showtime Pulls Documentary About DeSantis’ Controversial History At Guantanamo Bay, Report Says

forbes.com Showtime did not air an episode of the Vice documentary series about Gov. Ron DeSantis’ (R-Fla.) Navy service at the notorious Guantanamo Bay prison, according to The…

Interac names Jeremy Wilmot as CEO; Mark O’Connell exiting after 17 years

theglobeandmail.com Interac Corp. chief executive Mark O’Connell is leaving the payments processor after 17 years at the helm as the company brings in an outsider to take the helm. The company…

Saudi Arabia needs more than higher oil prices to fund its grand plans

cnn.com Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here.…

El Salvador's Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine

coindesk.com Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on…

Binance seeking to 'demonstrate that we are a new organization' as regulatory headwinds swirl

fortune.com As the world’s largest crypto exchange, Binance has spent years fending off challengers, from other crypto firms such as Coinbase and FTX to regulatory agencies, with its…

First Mover Americas: Is Bitcoin Heading Below $26K?

coindesk.com The appointment of Richard Teng to oversee Binance’s regional markets outside the U.S. has positioned the one-time Abu Dhabi regulator as the most likely successor to…

Saudi-British business delegations meet to bolster intra-regional trade

arabnews.com RIYADH: Intra-regional trade between Saudi Arabia and the UK is set to receive a boost as top ministers from both countries held talks in London to strengthen economic ties.…

Binance Rumored Successor Richard Teng to Battle Regulatory Problems if CEO Zhao Steps Down

coinspeaker.com Coinspeaker Binance Rumored Successor Richard Teng to Battle Regulatory Problems if CEO Zhao Steps Down Reports about a Binance CEO successor are starting to fill the…

Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange

coindesk.com The enhanced role follows a report last month that Zhao, commonly known as CZ, is looking to reduce his ownership of Binance.US, the firm's American arm – a move that's seen…

Lionel Messi FC Barcelona Return Now Possible After La Liga Gives Green Light: Reports

forbes.com FC Barcelona's viability plan has finally received the green light from La Liga, making it now possible for Lionel Messi to return to the club according to Relevo. Messi is…

Israel Likely to Play Big Role in Reducing AI Risks: Altman

asiafinancial.com OpenAI chief executive Sam Altman, who is touring the Middle East and other countries as he mulls investment opportunities, predicted on Monday that Israel will play a “huge…

Binance Regulatory Woes: Richard Teng Eyed As Possible Successor To CZ

bitcoinist.com Richard Teng, a former civil servant now in the capacity of a prominent crypto executive, is emerging as a potential successor to Binance’s embattled CEO, Changpeng “CZ”…

Binance Exec Touted As Possible ‘CZ’ Replacement

watcher.guru Last week, it was revealed that Richard Teng will head all of Binance’s regional markets outside of the U.S. Teng will assume his new position today. This role is an…

Saudi Arabia Says It Will Cut Production to Stem a Slide in Oil Prices

nytimes.com OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut further for at least a month. The group of…

Turkey's new cabinet hints at less unorthodox Erdoganomics

asia.nikkei.com ISTANBUL -- Turkey's longest-serving leader, President Recep Tayyip Erdogan, has announced a new cabinet headlined by a former London-based banker as treasury and finance…