Business
Oil prices surged more than 4% as Brent closed above $88, while reduced Strait of Hormuz traffic tightened Gulf energy flows during the week. The post Oil prices surge 4% as Brent crude closes above $88 appeared first on Arabian Observer: Observe more. Understand Arabia..
Indonesia’s $20.9 billion Abadi Masela LNG project targets $37.8 billion in state revenue, 12,000 jobs and greater domestic gas supply. The post Abadi Masela LNG opens new phase in Indonesia energy plan appeared first on Arabian Observer: Observe more. Understand Arabia..
The United States will impose a 25% tariff on thousands of Brazilian imports from July 22, while coffee, beef and aircraft remain exempt. The post US adds 25% duty on Brazil imports beginning July 22 appeared first on Arabian Observer: Observe more. Understand Arabia..
U.S. consumer prices fell 0.4% in June as annual inflation slowed to 3.5%, driven by lower gasoline and broader energy costs nationwide. The post US inflation falls to 3.5% as energy prices retreat appeared first on Arabian Observer: Observe more. Understand Arabia..
India is reviewing about 100 imported products across six sectors as officials assess domestic manufacturing gaps using detailed trade data. The post India reviews 100 imports for domestic manufacturing appeared first on Arabian Observer: Observe more. Understand Arabia..
EIB Group approves €17.4 billion for energy, nuclear upgrades, transport, business finance and Ukraine border links across Europe and partner markets this year. The post EIB approves investment in grids and nuclear power appeared first on Arabian Observer: Observe more. Understand Arabia..
Technology
António Guterres urges global AI rules that expand access, protect children, preserve human control and reduce environmental costs. The post UN calls for global AI governance that includes all nations appeared first on Arabian Observer: Observe more. Understand Arabia..
TSMC raises its US investment to $265 billion, adds four Arizona chip facilities and reports record second-quarter profit in 2026. The post TSMC lifts investment to $265 billion after record quarter appeared first on Arabian Observer: Observe more. Understand Arabia..
Australian creators seek a formal role in the new Office of AI as the government develops copyright, safety and data centre rules. The post Australian artists seek seats in new federal AI office appeared first on Arabian Observer: Observe more. Understand Arabia..
Major publishers and author Scott Turow sue Google, alleging unauthorized use of books and journals to train its Gemini AI models in New York. The post Google faces publisher lawsuit over Gemini AI training appeared first on Arabian Observer: Observe more. Understand Arabia..
Samsung Electronics plans to begin operations at its first Yongin chip plant in 2029, one to two years earlier than previously scheduled.