Universal Music Group is moving to unlock billions in capital by selling part of its stake in Spotify, even as currency pressures weighed on its latest quarterly results—highlighting a strategic shift in how the world’s largest music label is balancing growth and shareholder returns.
UAE leaves OPEC after 60 years. Analysts eye Kazakhstan, Nigeria, Venezuela as possible next exits.
Oil prices hit 1-month high as Trump extends Iran blockade. Supply fears grow.
Musk tells court OpenAI strayed from nonprofit roots, calling it “looting a charity” in high-stakes AI trial.
US car prices now equal five Chinese EVs, highlighting a growing global gap in affordability and auto industry dynamics.
Shares of Spotify fell sharply after the company warned that its aggressive spending plans will weigh on profits, even as growth slows in its core markets of Europe and North America—raising fresh concerns about the sustainability of its business model.
Shares of major artificial intelligence-linked companies, led by Oracle and CoreWeave, fell sharply on April 28 after reports revealed slowing growth at OpenAI, raising fresh doubts about the sustainability of the AI boom. The selloff highlights how tightly investor confidence in the broader AI ecosystem is tied to OpenAI’s performance.
The United Arab Emirates (UAE) has announced it will leave the Organization of the Petroleum Exporting Countries (OPEC) effective May 1, 2026, in a move that delivers a significant blow to the world’s most influential oil producers’ group and signals a shift in global energy power dynamics.
Adidas has gained a decisive edge in the high-stakes “supershoe” race against Nike after Kenyan runner Sabastian Sawe delivered a historic sub-two-hour marathon, a milestone that is already translating into commercial momentum for the German sportswear giant.
Kia is preparing to cut vehicle prices in Europe as intensifying competition from Chinese electric vehicle (EV) makers begins to reshape the region’s auto market, according to comments from its CEO. The move signals the early stages of a potential price war in one of the world’s most critical automotive battlegrounds.
