The Madoff Victim Fund is making its final payments, totaling $131.4 million, bringing the total to $4.3 billion. Bernard Madoff died in prison in 2021.
Nippon Steel has proposed giving the U.S. veto power over U.S. Steel production cuts to gain approval for its acquisition, with Biden's decision due by Jan. 7.
Alibaba is cutting prices on its Qwen-VL visual language model by up to 85%, the company announced Tuesday.
Venezuelan President Nicolas Maduro announced a 9% economic growth in 2024, following 5.5% in 2023, driven by the real economy and hydrocarbons sector.
Lamborghini delayed its first fully electric car launch to 2029, citing the luxury sports car market's lack of readiness for full electrification.
Contracts to buy U.S. previously owned homes rose 2.2% in November, marking a fourth consecutive month of gains as buyers took advantage of improved inventory despite high mortgage rates.
Ukraine will quadruple domestic gas transmission tariffs from January 1 to offset lost revenue after its gas transit deal with Russia expires.
OpenAI announced it will transition to a for-profit model in 2025, creating a public benefit corporation to attract more investment and operate like a high-growth startup.
Gazprom announced it will halt gas supplies to Moldova starting January 1, citing unpaid debt, while Moldova accuses Moscow of weaponizing energy supplies.
Spain's retail sales grew 1% in November, slowing from 3.4% in October, due to a drop in spending on both food and non-food items.
Japan's factory activity contracted slower in December, with the PMI rising to 49.6, but remained below 50, signaling ongoing decline.
Global equity funds experienced a record inflow of $34.38 billion during the week ending Dec. 25, fueled by a favorable U.S. inflation report and the prevention of a government shutdown.
Shell has shut down an oil processing unit at its Pulau Bukom facility to investigate a suspected leak, releasing a refined oil products and cooling water.
Denmark plans to boost Greenland's defense after US President-elect Donald Trump renewed his controversial call to buy the Arctic nation, which has 56,000 residents.
Turkey's Central Bank cut its repo rate to 47.5%. November's CPI fell to 47.09%, with monthly inflation rising 2.24%.
China's industrial profits fell more slowly in November, but the annual decline is expected to be the worst in over 20 years due to weak domestic consumption.
Toyota will build a new electric vehicle factory in Shanghai to produce Lexus cars, marking its first independent plant in China.
Donald Trump proposed reclaiming control of the Panama Canal, citing high shipping fees. Panama's president, José Raúl Mulino, rejected the idea, calling it a violation of sovereignty.
Trump nominated Ken Howery as U.S. ambassador to Denmark and expressed interest in U.S. control of Greenland, despite Denmark's rejection.
The SEC charged Deutsche Bank Securities for not filing some required reports and the company agreed to pay a $4 million fine to settle the issue.
According to a report from Chainalysis, criminals stole $2.2 billion in cryptocurrency in 2024, with hackers linked to North Korea responsible for $1.3 billion of the total.
Volodymyr Zelenskyy announced that Ukraine will stop allowing the transit of Russian gas after this year to prevent it from being sold to Europe as Azerbaijani gas.
The euro-area economy is expected to grow slower than previously forecast, with 1% growth in 2025, while inflation is predicted to stabilize at 2% by mid-2025.
Russian President Putin met Slovak Prime Minister Fico in Moscow to discuss gas transit through Ukraine as the current contract nears expiry.