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Middle East

ChatGPT’s explosive growth shows first decline in traffic since launch

BY Reuters  • July 5, 2023July 6, 2023
By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analy[...]
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Business Economy Middle East Newsletter Technology Top News Updated

Oil settles lower as rate-hike worries balance tighter supplies

BY Reuters  • April 10, 2023April 10, 2023
By Laura Sanicola (Reuters) -Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced the prospect of a t[...]
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Business Economy Europe Middle East Newsletter UK Updated US

Musk did not need Tesla board to review buyout tweets, directors testify

BY Reuters  • February 1, 2023February 1, 2023
By Hyunjoo Jin and Jody Godoy (Reuters) -Tesla Inc’s board had no obligation to review CEO Elon Musk’s 2018 tweets announcing a bid to take the electric car maker private, which investors[...]
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Business Middle East Newsletter Technology Updated US

Oil prices rally to highest close since Dec. 1 on China optimism

BY Reuters  • January 19, 2023January 19, 2023
By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% higher on Thursday, extending a recent rally built around rising Chinese demand, while the market wrote off a second straight week of large bu[...]
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Business Economy Europe Middle East Newsletter UK Updated US

Oil dives 4%, trade choppy on worries about China, global economy

BY Reuters  • January 4, 2023January 4, 2023
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar. Brent[...]
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Asia Business Economy Europe Middle East UK Updated US

Turkey’s inflation drops to 64.27% in December due to base effect

BY Reuters  • January 3, 2023January 3, 2023
ISTANBUL (Reuters) – Turkish annual inflation slid to 64.27% in December, official data showed on Tuesday, below forecast, dropping because of a favourable base effect after hitting a 24-year hi[...]
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Business Economy Europe Middle East

Saudi non-oil private sector activity eases in December

BY Reuters  • January 3, 2023January 3, 2023
DUBAI (Reuters) – Growth in Saudi Arabia’s non-oil business activity slowed to a three-month low in December, a survey showed on Tuesday, although higher sales and strong demand ensured fi[...]
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Business Economy Middle East

Bank of Israel raises key rate, seeks fiscal restraint from new govt

BY Reuters  • January 2, 2023January 2, 2023
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel raised its benchmark interest rate by half a point on Monday, and will likely continue its increases a bit more in coming m[...]
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Economy Middle East Updated

Turkish 2022 trade deficit leaps 138% to $110.2 billion -ministry

BY Reuters  • January 2, 2023January 2, 2023
ISTANBUL (Reuters) – The Turkish trade deficit widened 138.4% from the previous year to $110.19 billion in 2022, the Trade Ministry said on Monday, with exports rising 12.9% to $254.2 billion an[...]
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