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Ben Powell, chief strategist for the Middle East and Asia Pacific at BlackRock Investment Institute, spoke at the Abu Dhabi Finance Week (ADFW) conference.Bloomberg | Getty ImagesBen Powell, chief investment strategist for APAC at BlackRock, said the wave of capital flowing into artificial intelligence infrastructure was far from peaking, arguing that the sector’s “grab and dice” suppliers – from chipmakers to energy producers to copper wire manufacturers – remained the clearest winners as hyperscalers competed for spending against each other.Powell told CNBC on the sidelines of Abu Dhabi Finance Week on Monday that the surge in AI-related capital spending shows…

After spending a lifetime reciting the Taj Mahal’s story of eternal love, veteran tour guide Vishu Das says his faith was shattered. “What if the story we’ve been telling for years is a lie?” he asked distraught, looking at the monument from a nearby rooftop. His desperation leads to a radical suggestion: “Can we run a DNA test on the Taj Mahal?” The moment ends with the dark conclusion: “We are spreading lies.” This is a scene from Indian director Tushar Goel’s controversial film The Taj Story, which was released in October and challenges the canon of one of the…

(L/R) Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump pose for a family photo with other European leaders in the Cross Hall of the White House on August 18, 2025 in Washington, DC. Andrew Caballero-Reynolds | AFP | Getty ImagesTensions between US President Donald Trump and President Volodymyr Zelenskiy are rising again after the White House leader accused the Ukrainian head of state of not yet reading the US peace plan.”I’m a little disappointed that President Zelenskiy still hasn’t read the proposal as of a few hours ago,” Trump told reporters Sunday night. Trump added: “The people love this…

The White House quietly unveiled President Donald Trump’s new national security strategy on Thursday. The strategy is a 33-page document that reinforces the president’s “America First” philosophy and sets out the administration’s realignment of U.S. foreign policy. This document took an unprecedented confrontational stance towards Europe. The strategy accuses European authorities of blocking U.S.-backed efforts to end the conflict. It also removed language from previous administrations that described Russia as a threat, stating that European countries view Moscow as an “existential threat” and making the United States the central intermediary for re-establishing “conditions for internal European stability and strategic stability…

Elon Musk has called for the European Union to be abolished after it fined his social media company The European Commission on Friday handed down judgment against X after a two-year investigation into the company under the Digital Services Act (DSA), adopted in 2022 to regulate online platforms. At the time, Musk wrote in response to a post from the committee about X: “Bulls…”On Saturday, he doubled down on his criticism of Bullock. “The EU should be abolished and sovereignty returned to individual countries so that governments can better represent their people,” he said in a post on X.Musk’s comments…

A photo of Netflix headquarters in Hollywood, California on December 5, 2025. Patrick T. Fallon | AFP | Getty Images “Who’s watching?” Netflix every time someone visits the site. On Friday, probably everyone interested in business, markets, and television gathered together. The main characters that made people fall in love with Netflix and warner bros discoverythe streaming giant jointly announced that it would acquire the latter’s movie studio and streaming service HBO Max. The value of the stock deal is pegged at $72 billion.Netflix investors didn’t seem too fazed by the deal, with the stock dropping 2.89% due to the…

Tokyo AP — Japan said on Monday that Chinese military jets had hit its radar on the planes despite a safe distance between them, denying Beijing’s suspicions of interference and renewing its protest over the incident. Chief Cabinet Secretary Minoru Kihara told reporters, “The Self-Defense Forces (fighter planes) maintained a safe distance during their mission.” “China’s claim that Self-Defense Forces aircraft significantly disrupted safe flight is false.” Japan and Australia appealed for calm on Sunday after a Chinese military jet flashed its radar at a Japanese fighter jet. The incident occurred a month after the Japanese leader’s comments regarding Taiwan…

Goldman Sachs has named a number of stocks that remain in the best position heading into the end of the year. Wall Street investment banks said a company like Nvidia is attractive and has more room to run. Other buyout-rated stocks reviewed by CNBC Pro include Dick’s Sporting Goods, Wynn Resorts, Monster Beverage, and Genius Sports. Wynn Goldman said the casino and resort company is firing on all cylinders. Analyst Lizzie Dove added the stock to her prestigious Conviction Buy list earlier this week. Dove said Wynn has good access to the most affluent travelers it attracts. “Wynn is exposed…

A wide range of stocks in retail, financial services and artificial intelligence could soon fall, according to one common indicator used in technical analysis. Stocks rose on Friday, marking a fourth consecutive day of gains and nearing record highs as the end of the year approaches. Last week, the S&P 500 rose 0.3%, the Dow Jones Industrial Average rose 0.5%, and the Nasdaq Composite Index rose 0.9%. The rally, ahead of the Federal Reserve’s expected quarter-point rate cut at its final meeting of the year next week, has pushed some blue-chip stocks to the point where they appear overbought. To…

Indigenous leaders waited Saturday on the snow-covered tarmac of Montreal’s Pierre Elliott Trudeau International Airport for precious cargo to be offloaded from an Air Canada jet. The box contained more than 60 valuable cultural artifacts, including a rare Inuit sealskin kayak. These kayaks were taken from First Nations, Inuit and Métis communities more than a century ago and have been housed in Vatican museums and archives ever since. The emotional homecoming, shown in footage from CNN affiliate CBC News, represents the culmination of a vigorous three-year campaign by Indigenous leaders and follows Pope Francis’ historic apology for abuses at church-run…