News

Amazon Web Services (AWS) will launch in Saudi Arabia in December 2026.

Amazon Web Services (AWS) will launch its first cloud infrastructure region in Saudi Arabia.

Barclays: The US-Venezuela oil deal could impact the bond recovery outlook.

As of August 28, the S&P GSCI Agricultural Spot Index had risen for 11 consecutive days, accumulating a 13.4% increase; however, it fell back 0.74% on August 31, ending the upward trend. This round of price increases was driven by real supply. Following the attacks on Black Sea shipping routes, Russian grain is being transshipped to the Baltic Sea, but alternative routes are expected to cover only about half of the shortfall. FAO data shows that global grain prices rose 3.4% month-on-month in July, with wheat rising 5.8%; however, the composite food index only rose 0.6%, while meat and dairy products declined. Therefore, this is more like a leading indicator of food inflation and cannot yet prove that full-blown inflation has resumed. The key lies in how long the Black Sea disturbances last and whether the price increases can spread from wheat to oils, meat, and the retail sector.

Sources say Chevron (CVX.N), India's Oil and Natural Gas Corporation (ONGC), Italian oil company Eni, GE Vernova, and GeoPark are moving forward with signing a final energy agreement in Venezuela.

MediaTek said Alphabet (GOOG.O), one of its long‑term AI infrastructure partners, participated in the company’s record $3.9 billion offshore convertible bond issuance.

MediaTek: Alphabet (GOOG.O), as one of the company’s long-term AI infrastructure partners, participated in a record $3.9 billion overseas convertible bond issuance.

The governor of Saxony, Germany: We need to have a clear understanding of the situation at Volkswagen's Zwickau plant in the coming months.

The governor of Saxony, Germany, said that Volkswagen's shareholders must unite and cooperate to resolve the crisis and enhance the competitiveness of the automotive industry.

According to Interfax news agency, Indian Prime Minister Narendra Modi told Russian President Vladimir Putin that war is setting humanity back every day, and we must work to end hostilities.

Nvidia CEO Jensen Huang: The Vera Rubin platform can generate over $40 billion in revenue per gigawatt for Nvidia.

The Dow Jones Industrial Average opened down 284.36 points, or 0.53%, at 53,275.63 on Monday, August 31; the S&P 500 opened down 22.52 points, or 0.29%, at 7,688.96; and the Nasdaq Composite opened down 31.47 points, or 0.12%, at 26,370.96.

U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.39%, the S&P 500 down 0.26%, and the Nasdaq Composite down 0.15%. Intel (INTC.O) rose 1.8% after reports that SK Hynix was seeking a partnership for chip production.

Federal Reserve Chairman Warsh: The global savings glut seems like a thing of the past.

Federal Reserve Chairman Warsh: The current period is a phase of surging global investment.

Federal Reserve Chairman Warsh: A prolonged period of stagnation seems to be a description of the past.

Federal Reserve Chairman Warsh: My previous relationship with Treasury Secretary Bessant has proven to be productive.

Nvidia CEO Jensen Huang: This investment formally establishes our partnership to build an AI factory.

Nvidia CEO Jensen Huang: MediaTek is one of our biggest partners.

OpenAI: Starting later today, advertisers will be able to purchase ChatGPT ads directly in India, Europe, the Middle East, and North Africa through the ad management tool.