US energy giant ExxonMobil announced Thursday the resumption of its gas development project in Mozambique, which had been suspended for several years due to a jihadist insurgency. TotalEnergies announced on October 25 that it had lifted the force majeure and resumed its own project in Mozambique after operations were suspended for four years.
For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily fluctuations of Oracle stock, analysts say. Analysts bullish on the stock have emphasized its huge growth potential with the AI boom.
The Bank of Japan hiked interest rates to a 30-year high of 0.75 percent on Friday, the first increase since January, as it said the economy had shown signs of improvement. However, with worries about the global outlook and US tariffs growing, it paused at the start of 2025, with the last increase in January taking rates to their highest level in 17 years.
Asian markets rose Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next month, while blockbuster earnings from chip firm Micron helped soothe nerves over a tech bubble.
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