SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

03:32 PM EDT, 06/12/2025 (MT Newswires) -- Shell (SHEL), Saudi Aramco, and Azerbaijan's Socar have signed LNG supply agreements with state-run Egyptian Natural Gas Holding, media reports said Thursday, citing industry sources. Egypt also signed LNG import deals lasting 2.5 years with suppliers including BGN, Trafigura, and Vitol as domestic production declines, Bloomberg reported. The companies will reportedly deliver up...

03:32 PM EDT, 06/12/2025 (MT Newswires) -- Microsoft ( MSFT ) -backed OpenAI is tapping Saudi Arabia's Public Investment Fund, India's Reliance Industries and existing shareholder UAE's MGX to invest in the next installment of its SoftBank-led $40 billion financing, The Information reported late Wednesday, citing two people familiar with the fundraise. The latest funding round would value OpenAI at...

03:51 PM EDT, 06/12/2025 (MT Newswires) -- Advanced Micro Devices ( AMD ) said Thursday CEO Lisa Su showcased the Instinct MI350 and MI400 series graphics processing units at the chipmaker's Advancing AI event. The MI350 series, comprising MI350X and MI355X artificial intelligence chips and platforms for high-performance computing, are said to be 35 times faster than their predecessors in...