The battle over OpenAI’s future took another dramatic turn as its board of directors formally rejected a $97.4 billion buyout offer from a group of investors led by Elon Musk. The bid, which aimed to acquire the nonprofit that controls OpenAI, was swiftly dismissed, with board members reaffirming their commitment to the company’s mission. In…
As Bitcoin soared 47% in the fourth quarter of 2024, institutional investors—including wealth management firms, hedge funds, and pension funds—dramatically increased their exposure to U.S. exchange-traded funds (ETFs) linked to Bitcoin’s price, according to recent regulatory filings. One of the most notable moves came from the State of Wisconsin Investment Board, which more than doubled…
In a decisive move to secure America’s lead in artificial intelligence (AI), U.S President Donald Trump has signed an executive order on Friday establishing the National Energy Dominance Council. This newly formed body will focus on ramping up the nation’s electricity supply to meet the soaring energy demands of AI technology, ensuring the U.S. stays…
Oil markets saw a volatile trading session on Friday, with prices swinging between gains and losses as investors weighed the impact of potential U.S. retaliatory tariffs against broader supply concerns stemming from stricter policies on Iran. West Texas Intermediate (WTI) crude continued its downward trend, closing in negative territory for the fourth consecutive week. Meanwhile,…
In a significant step toward strengthening economic and strategic relations, India and the United States have agreed to initiate talks for an early trade deal and work toward resolving their ongoing tariff disputes. The agreements, announced after a high-level meeting between U.S. President Donald Trump and Indian Prime Minister Narendra Modi at the White House,…
The Nigerian Senate has passed the 2025 Appropriation Bill, approving an unprecedented national budget of ₦54.99 trillion. This figure represents a significant increase from the ₦49.7 trillion initially proposed by President Bola Tinubu, reflecting adjustments made to accommodate additional revenue projections. The budget encompasses allocations for statutory transfers, recurrent and capital expenditures, and debt servicing,…
The Republican-controlled U.S. Senate has confirmed Robert F. Kennedy Jr. as the new Secretary of Health and Human Services (HHS). Despite fierce opposition from the medical community due to his history of promoting vaccine misinformation and conspiracy theories, Kennedy secured the role with a narrow 52-48 vote. His confirmation marks a significant and controversial addition…
In a significant win for Kenya’s anti-corruption efforts, former Kiambu Governor Ferdinand Waititu has been sentenced to 12 years in prison for fraud and conflict of interest. The ruling, delivered on Thursday by a Nairobi court, marks one of the highest-profile convictions in the country’s fight against graft. Waititu, who served as governor of Kiambu…
U.S. President Donald Trump once again signaled his intent to escalate trade tensions, posting an early morning message on Truth Social that underscored his commitment to imposing “reciprocal tariffs.” The post, made at 6:46 AM EST (5:16 PM IST) on Thursday, came just hours before his scheduled meeting with Indian Prime Minister Narendra Modi in…
A U.S. judge has lifted the temporary hold on a controversial federal worker buyout plan, delivering a win for President Donald Trump’s initiative to drastically reduce the government workforce. The ruling clears the way for the mass buyout program, which has already led tens of thousands of federal employees to consider their options. U.S. District…
