EBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’
CEO Cohen, who has built a 5 percent position in eBay, has hinted he may take offer directly to eBay shareholders.
![Shipping containers are seen at the port of Oakland, California [File: Carlos Barria/Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2025/10/2025-05-12T163923Z_241304327_RC2FGEAHM0QA_RTRMADP_3_USA-TRUMP-TARIFFS-1760366950.jpg?resize=770%2C513&quality=80)
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Oil prices flat as Trump’s plan for Strait of Hormuz fails to calm market
Brent crude is largely unmoved by Trump’s announcement of the operation, dubbed ‘Project Freedom’.
EDITOR'S ANALYSIS
US likely to benefit as UAE shifts oil strategy away from OPEC, experts say
UAE wants to supply more oil than its OPEC quota and that could help push down prices once the Strait of Hormuz opens.
Musk accuses Altman of betraying OpenAI’s nonprofit founding mission
OpenAI’s lawyers argue Musk’s lawsuit aims to undermine the company for his competing venture, xAI.
Senate panel advances Kevin Warsh’s nomination for US Fed chair
Senate panel approves Trump’s nominee Kevin Warsh to replace Jerome Powell as US Fed chair on party-line vote.
Musk testifies at OpenAI trial it’s not OK to ‘loot a charity’
In his lawsuit, Musk said OpenAI cofounder and president betrayed him and public by turning into profit-seeking firm.
EDITOR'S ANALYSIS
As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’
With the two sides locked in a standoff, oil prices have continued to soar.
Oil prices rise despite Iran’s proposal to reopen Strait of Hormuz
Brent crude rises 3 percent despite Iran’s offer to reopen waterway in exchange for deferral of nuclear talks.
Elon Musk trial against Sam Altman to reveal OpenAI power struggle
The trial’s outcome could sway the balance of power in AI, and jury selection starts on Monday.
Canada’s Carney announces a sovereign wealth fund
The prime minister says the federal government will put up money alongside private investors to fund major projects.
Trump government extends Jones Act waiver by 90 days to dampen oil prices
Move is part of a broader US push to curb politically sensitive fuel price spikes before November’s midterm elections.
