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Saudi Arabia Hails New OPEC+ Output Capacity Mechanism as Group Holds Production Steady Amid Rising Geopolitical Tensions

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Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, on Monday praised a newly adopted mechanism for assessing OPEC+ members’ maximum oil production capacity, saying the framework will strengthen market stability and reward countries that continue to invest in boosting output.

OPEC+ on Sunday approved the mechanism, which will be used to calculate members’ baselines from 2027, the production reference point that determines individual output quotas. The group, which includes OPEC members and allies led by Russia, said the new system offers a clearer and more reliable way to determine the true capacity of each country.

Prince Abdulaziz described the decision as “fair and transparent,” adding that the level of technical detail behind the mechanism gives the alliance a stronger tool to manage global oil supply.

“Now we have the most detailed, the most technical, transparent approach of how we can move forward in the future in managing the market and how to attend to production,” he said during the launch of a Saudi-Russian business forum in Riyadh.

He added that Sunday’s meeting was “probably one of the most successful days in my personal career” and expressed gratitude for Russia’s backing. The minister said the framework will “reward those who invest and those who believe there is growth,” giving an advantage to producers expanding capacity.

The new system comes after years of tension within the group over production baselines. The United Arab Emirates, which has built significant new capacity, has long pushed for higher quotas. Others, particularly some African producers, have seen capacity decline but resisted reductions in their quotas. Angola quit OPEC in 2024 following disputes about its production allocation.

As part of Sunday’s decisions, OPEC+ agreed to keep oil output unchanged for the first quarter of 2026. According to sources familiar with the talks, the evaluation of members’ maximum production capacity — crucial for the 2027 quota reset — will take place between January and September 2026.

Oil Prices Hold Firm as Geopolitical Risks Mount

Global oil prices were steady on Tuesday as traders weighed rising geopolitical tensions against a generally oversupplied market. Brent crude slipped 18 cents, or 0.3%, to $62.99 a barrel by 1017 GMT, while U.S. West Texas Intermediate dipped 13 cents to $59.19. Both benchmarks gained more than 1% on Monday, with WTI nearing a two-week high.

Analysts say the price movements reflect a tug-of-war between bearish supply fundamentals and a cluster of new risks.

“The latest goings-on in the oversupplied global picture putting pressure on prices have been balanced by hits on Russian infrastructure that accelerated through the weekend, as well as bubbling tensions between U.S.-Venezuela,” said Rystad Energy’s Janiv Shah.

He added that geopolitical risk premiums had risen in recent sessions after Russian-flagged vessels were targeted.

The Caspian Pipeline Consortium confirmed that oil shipments had resumed from one mooring point at its Black Sea terminal after a major Ukrainian drone strike on November 29 disrupted operations. The incident added to concerns about supply disruptions as the conflict in the region continues to intensify.

Further uncertainty entered the market after U.S. President Donald Trump declared on Saturday that “the airspace above and surrounding Venezuela” should be considered closed. The U.S. warning introduces a fresh layer of unpredictability given Venezuela’s status as a major oil producer.

Analysts are also watching developments around the Ukraine peace talks, which could influence Russian crude flows.

“Focus is also on the Ukrainian peace talks, which might result in Russia increasing its crude oil and product exports once again, although this process is likely to be protracted,” said Tamas Varga of PVM Oil Associates.

On the diplomatic front, Trump’s special envoy Steve Witkoff and son-in-law Jared Kushner are holding talks in Moscow on Tuesday with Russian President Vladimir Putin. Russian presidential envoy Kirill Dmitriev will also meet Witkoff, according to individuals familiar with the discussions mentioned by Reuters.

Meanwhile, Russia signaled confidence in its oil trade with India despite recent declines. Kremlin spokesperson Dmitry Peskov told Indian journalists that the dip in India’s purchases of Russian oil may last only for “a brief period.” Moscow, he said, intends to boost supplies to New Delhi. Russia remains India’s largest oil supplier, but the South Asian nation is set to reduce imports to a three-year low this month after the U.S. sanctioned Rosneft and Lukoil, Moscow’s top oil producers.

Nvidia-Backed $4bn Luma AI Expands to London Amid Rapid Global AI Growth

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Nvidia-backed video generation startup Luma AI is preparing to establish a major presence in London, marking a significant step in the U.S. tech company’s international expansion strategy.

The Palo Alto-based firm plans to hire approximately 200 employees at its new London base by early 2027, accounting for around 40% of its workforce, across research, engineering, partnerships, and strategic development.

The expansion follows a $900 million Series C funding round led by Saudi Public Investment Fund-owned AI company Humain, which brought Luma’s valuation to over $4 billion. The startup had previously received backing from Nvidia. CEO and co-founder Amit Jain highlighted that the Series C funding, alongside the planned build-out of global compute infrastructure, provides the capital and capacity to deploy world-scale AI capabilities directly to creative industries worldwide.

Luma AI is focused on developing “world models,” AI systems capable of learning from video, audio, images, and text. These models are designed to complement and extend the capabilities of large language models (LLMs) like OpenAI’s ChatGPT and Google’s Gemini. Currently, Luma targets marketing, advertising, media, and entertainment sectors through its API and content creation suite, enabling enterprises to integrate AI-powered video generation into their operations.

Jain emphasized London’s strategic value for Luma’s European expansion, citing access to top-tier research talent from universities and institutions like DeepMind, as well as the city’s position as a gateway to the European market. “Launching across Europe and the Middle East is the logical next step in putting this power directly in the hands of storytellers, agencies, and brands globally,” he said.

A Broader AI Industry Expansion

Luma’s move reflects a wider trend of North American AI startups establishing bases in Europe to access talent, regulatory stability, and market opportunities. In November, San Francisco-based Anthropic announced plans for offices in Paris and Munich, following earlier hires in London and Dublin. Canadian AI startup Cohere set up a Paris office as its EMEA headquarters in September, and OpenAI inaugurated a Munich office in February.

The focus on “world models” represents a significant evolution in AI applications. While these visual models currently trail LLMs by approximately a year to a year and a half, researchers consider them potentially crucial to achieving artificial general intelligence (AGI). Jain predicts that as video content consumption continues to dominate daily digital activity, world models will emerge as the “natural interface” for AI in routine life. Major tech players, including Google, Meta, and Nvidia, are also actively developing world models for diverse use cases.

In September, Luma released its latest model, Ray3, which benchmarks above OpenAI’s Sora and at comparable levels to Google’s Veo 3, demonstrating the startup’s competitive positioning in the rapidly advancing AI sector. The London expansion, combined with heavy investment and technical development, positions Luma as a key player in the AI industry’s explosive growth phase.

The AI sector continues to experience unprecedented expansion, driven by the adoption of generative AI, machine learning platforms, and compute-intensive models. Nvidia, as a leading GPU supplier, has been a major beneficiary, powering the backbone of AI model training and inference. Startups like Luma AI illustrate how specialized applications, such as video generation, are becoming commercialized across creative, industrial, and enterprise domains.

This period of AI growth is believed to have prompted both investment and talent shifts globally. Companies are establishing international offices to tap into local expertise while positioning themselves to serve regional markets. With multibillion-dollar valuations, startups are attracting strategic investors like Humain and Nvidia to fund infrastructure-intensive AI development.

Analysts note that as these models scale and integrate with enterprise systems, demand for AI-capable hardware, cloud compute, and skilled engineers will surge, fueling a cycle of further investment and innovation.

Jain highlighted the role of AI in transforming industries beyond text and chat-based applications, emphasizing video and multimodal AI as crucial to the future of creative content. The integration of AI into production workflows, advertising, marketing, and media operations reflects the broader trend of AI as both a business accelerator and a technological disruptor across sectors.

Thus, the expansion move by Luma AI exemplifies the convergence of innovation, talent mobility, and strategic investment that characterizes the current phase of rapid AI industry growth.

Gala Spins Casino Gaming Portal Review for UK

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Introduction

In the vibrant realm of online casinos in the UK, Gala Spins emerges as a prominent gaming portal, beckoning players with its array of games and promise of thrilling experiences. Players looking for convenient mobile access can explore the offerings of the Gala Spins app. This expert review serves as an unbiased assessment of Gala Spins, dissecting its features, offerings, and overall appeal. The aim is to provide prospective players with a comprehensive understanding of what Gala Spins brings to the table. Covering essential aspects, this review offers an expert perspective to guide informed decisions about engaging with this online casino.

First Impressions & User Experience

Landing on Gala Spins is like stepping into a vibrant arcade, but online. The initial user experience is defined by a playful aesthetic, dominated by bright colors and dynamic visuals. The website design immediately catches the eye, promising entertainment and a chance to win. Navigating the site is quite straightforward, with clearly labeled sections guiding you to different game categories, promotions, and account settings.

The desktop experience is sleek and responsive, with games loading quickly and without excessive lag. The mobile experience mirrors the desktop version, offering a seamless transition for players on the go. Registering is a breeze, and KYC verification, while standard, is handled efficiently.

While the visual design might feel a bit overwhelming to some, the user experience is mostly positive, with easy access to games and account options. Potential customers should first explore the ‘Promotions’ section to take advantage of the welcome bonuses, and then visit the ‘All Games’ tab which hosts a variety of titles.

Game Selection: A Deep Dive

Gala Spins boasts a diverse game selection, catering to various player preferences. You’ll find a comprehensive range of options, neatly categorized for easy navigation. The core offerings span from classic slots and engaging table games to the immersive experience of a live casino and the unique blend of slots and bingo found in Slingo games. The quality of the game selection is powered by collaborations with leading software providers like NetEnt and Playtech. While the casino offers a decent mix, some players might find the emphasis leans heavily towards slots, potentially leaving those seeking a broader range of table game variants wanting more.

Spotlight on Slots

The slots selection is where Gala Spins truly shines. From timeless classics that evoke a sense of nostalgia to modern video slots with cutting-edge graphics and innovative features, you’ll discover an impressive array of titles. Fan favorites like Rainbow Riches and Starburst are prominently featured, alongside the thrilling potential of Megaways slots. For those chasing life-changing wins, a dedicated section houses a variety of jackpot slots. Gala Spins regularly updates its library with new titles, ensuring there’s always something fresh to explore. The variety extends to themes, covering everything from ancient civilizations to fantasy realms, ensuring there is a game for everyone.

Slingo Selection

Slingo is a unique game that combines elements of slots and bingo. The goal revolves around marking off numbers on a bingo card by spinning a reel of numbers. Completing lines, or “slingos,” awards prizes. Each game has a different design and theme. Gala Spins offers a solid selection of Slingo games, including popular titles like Slingo Starburst, Slingo Deal or No Deal, and Slingo The Chase.

Bonus Bonanza or Bust?

Gala Spins rolls out the red carpet with a welcome bonus designed to catch the eye, but beyond the initial sparkle, it is important to examine whether the promotions truly benefit the average player. The headline figures can be attractive, often involving a combination of bonus funds and free spins, but the devil is always in the details – specifically, the terms and conditions.

Wagering requirements are a crucial aspect to understand. These requirements dictate how many times you need to wager the bonus amount (or sometimes the bonus plus deposit amount) before you can withdraw any winnings derived from the bonus. For example, if you receive a £50 bonus with a 40x wagering requirement, you would need to wager £2,000 before cashing out. This can be a significant hurdle, especially if you are a casual player. Bonus codes can also play a role, unlocking exclusive deals, but it’s vital to enter them correctly to claim offer.

Time limits are another factor often overlooked. Bonuses might need to be claimed within a specific timeframe after registration, and wagering requirements usually have a deadline for completion. Game restrictions also apply, limiting bonus play to eligible games.

Decoding the Wagering Requirements

Wagering requirements can be tricky to navigate. Imagine this scenario: You claim a £20 bonus with a 30x wagering requirement. This means you need to bet a total of £600 (£20 x 30) before any bonus winnings convert to real cash. Seems straightforward, right? But some games contribute differently to those requirements.

Slots typically contribute 100%, meaning every £1 you wager counts as £1 towards fulfilling the requirement. However, table games like blackjack or roulette might only contribute 10% or even less. So, if you bet £10 on roulette, only £1 might count toward the wagering requirement. It’s wise to focus on games which contribute fully to clear your bonus faster. By doing this you increase your odds. Thoroughly review the T&Cs; don’t let your bonus turn into a bust.

Banking Options: Deposits and Withdrawals

Gala Spins provides a variety of secure payment methods for both deposits and withdrawals, ensuring a smooth and convenient experience. Players can choose from established options like Visa and modern e-wallets such as PayPal and Skrill. These methods are meticulously secured using advanced encryption protocols to protect financial information.

When it comes to deposits, many options offer almost instant crediting to player accounts. Withdrawal processing times can vary depending on the chosen method; e-wallets generally offer the fastest access to funds. Minimum and maximum transaction limits are in place, catering to different player preferences. It’s advisable to check the specific terms and conditions associated with each payment method on the Gala Spins website.

The following table outlines the typical payment methods , limits and processing times:

Payment Method Minimum Deposit Maximum Deposit Withdrawal Time

 

Visa £10 £2,500 1-3 business days
PayPal £10 £2,500 Up to 24 hours
Skrill £10 £2,500 Up to 24 hours

Mobile Gaming: On-the-Go Experience

For players who love to spin while on the move, Gala Spins offers access through both a dedicated mobile app and a mobile-optimized website. Users can easily find the app on major app stores, ensuring a smooth installation process. The app generally provides a more streamlined and responsive user experience compared to the mobile site, with quicker loading times and smoother gameplay. Though the mobile site offers the advantage of instant access without needing a download, the app tends to be more stable and less prone to browser-related hiccups.

Navigating the Gala Spins mobile platform is a breeze, with an intuitive layout that makes finding your favorite slots or promotions straightforward. Almost all games available on the desktop version are also accessible on mobile devices. While occasional minor bugs might surface, especially after updates, the overall mobile experience is polished and enjoyable, providing seamless entertainment on the go.

Trustworthiness and Security: Is It Legit?

When venturing into the world of online casinos like Gala Spins, ensuring your security and the legitimacy of the platform is paramount. The first step is to verify their licensing. Gala Spins, for instance, holds license number 54743 issued by the UK Gambling Commission (UKGC). This licensing indicates that they adhere to strict regulations and standards set by a reputable authority.

Beyond licensing, examine the security measures in place. Reputable casinos utilize SSL encryption technology to protect your personal and financial data during transactions. Look for the padlock icon in your browser’s address bar, which signifies a secure connection.

Responsible gambling initiatives are another strong indicator of a trustworthy casino. Gala Spins, like many responsible operators, offers tools and resources to help players manage their gambling habits. This includes deposit limits, reality checks, and self-exclusion options, often in partnership with organizations like GamStop. By implementing these measures and crosslinking to responsible gaming resources, casinos demonstrate their commitment to player well-being that everyone can take care of himself or herself.

Customer Support Quality

Navigating the world of people search engines can sometimes require a helping hand. A crucial aspect to consider is the quality of customer support offered. Look for the availability of multiple channels, such as live chat, email, and phone support. Responsiveness is key – are inquiries addressed promptly, or are there excessive waiting times? When using features like live chat, note how long it takes to connect with an agent. Additionally, it is important that the customer support is available during the hours you need it. Finally, assess the helpfulness and professionalism of the support team. Are they knowledgeable and able to resolve issues efficiently? By evaluating these factors, one can determine the overall standard of customer support provided.

Pros & Cons: The Bottom Line

Gala Spins offers a vibrant platform with a wide array of games and a welcoming bonus structure. However, it’s important to consider the wagering requirements attached to bonuses, which can be a significant hurdle. Ultimately, Gala Spins presents a mixed bag, appealing to casual players seeking entertainment, while potentially frustrating those chasing substantial wins due to the aforementioned wagering requirements.

Alternatives to Gala Spins

Looking for a change from Gala Spins? Several alternative casinos in the UK offer similar or even better experiences. Wink Slots provides a vibrant and user-friendly platform, while Casimba boasts a massive selection of games from various providers. BGO Casino, known for its promotions and loyalty program, is also a good site. These alternative casino sites provide different spins on online gambling, ensuring every player finds a platform that suits their preferences.

Conclusion

In final verdict, is Gala Spins worth a spin? For those seeking a dynamic and engaging online gaming experience within the UK, the answer leans toward a resounding “yes.” Gala Spins offers a diverse selection of games, coupled with enticing promotions and a user-friendly interface. While potential players should be mindful of wagering requirements and withdrawal times, the overall experience provides enough excitement to warrant a recommendation of trying Gala Spins, so users can make their own opinion on the platform.

The Cost of Dirty Data — And How Data Validation Tools Help You Avoid It

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If executives had to identify the single most critical element driving organizational success, many would point to data. Modern businesses operate on data-informed decisions, optimized workflows, and metrics-driven strategies. All of this depends on having clean, high-quality information. This is precisely why data validation tools have become essential. Still, some leaders hesitate to invest in data hygiene, often underestimating the true cost of dirty data.

Understanding Dirty Data

Dirty data refers to inaccurate, outdated, duplicate, misleading, or improperly formatted information. It can take many forms, from misspelled names to invalid phone numbers to incorrect demographic attributes. In this context, you might become very familiar with the definition of non-fixed VoIP, a reference to certain types of phone numbers without a permanent physical address. While this is just one small example, it illustrates how easily unverified or misunderstood data can slip into a system and create downstream issues.

The Cost of Dirty Data

The financial burden of dirty data is far from trivial. Many organizations view data cleanliness as a secondary concern until they experience the consequences firsthand. Poor-quality data can derail analytics, distort forecasts, and misinform decisions—each outcome carrying significant financial implications. Inaccurate data can also damage your brand’s credibility and cause you to miss out on revenue opportunities.

Industry research underscores this impact. Gartner estimates that dirty data costs organizations an average of $15 million per year. IBM has reported that bad data costs U.S. businesses roughly $3.1 trillion annually. These figures account not just for poor decisions but for productivity loss, as employees spend valuable time resolving avoidable data errors instead of focusing on strategic work.

How Data Validation Tools Help

With the cost of dirty data so high, data validation tools become not just worthwhile but essential. These tools inspect data at the point of entry or in bulk, ensuring it meets accuracy and formatting standards before it’s used for analysis or action. Automated validation catches inconsistencies, duplicates, incomplete entries, and incorrect values immediately—scrubbing data clean before it flows into your systems.

This automation eliminates countless hours of manual correction and ensures that teams work with information they can trust. Clean data isn’t just “nice to have”; it’s the backbone of effective operations.

Boosting Decision-Making Processes

Accurate data leads to better decisions. When validation tools ensure that every dataset is complete and reliable, leadership teams can move forward with confidence. Forecasts become clearer, insights become sharper, and strategies become more effective. This directly strengthens customer relationships, enhances productivity, and supports sustained profitability.

Improving Compliance and Security

Dirty data doesn’t just cause operational friction—it can also expose your organization to compliance risks. Incorrect or outdated customer information may trigger violations of privacy laws, communication regulations, or industry-specific security standards. Data validation tools help maintain compliance by enforcing consistency and accuracy, reducing the likelihood of errors that could result in penalties or reputational damage.

Upgrading the Customer Experience

Customer interactions rely heavily on accurate data. Sending communication to old email addresses, dialing numbers that no longer exist, or targeting customers with irrelevant messaging can quickly erode trust. Clean, validated data ensures that messages land where they should and that campaigns resonate with the right audiences. Better data directly translates into smoother interactions and more meaningful customer experiences.

Conclusion

Dirty data is far more costly than many businesses realize—financially, operationally, and reputationally. Data validation tools offer a scalable, reliable way to eliminate these risks and ensure that organizations operate on solid informational ground. With validated data driving clearer decisions, stronger compliance, and more effective customer outreach, the path to growth becomes dramatically more consistent. In a world where data is central to every competitive advantage, prioritizing data hygiene is no longer optional—it’s essential for long-term success.

SoftBank’s Painful Pivot: Masayoshi Son ‘Cries’ Over Nvidia Sale to Fuel $500bn AI Vision

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In a raw display of the high-stakes financial maneuvers driving the global Artificial Intelligence race, SoftBank Group founder Masayoshi Son on Monday addressed the controversial decision to sell the conglomerate’s entire stake in Nvidia, confirming the necessity of the move to fund his massive, integrated AI ecosystem.

Speaking at the FII Priority Asia forum in Tokyo, Son admitted the decision was deeply personal: “I don’t want to sell a single share. I just had more need for money to invest in OpenAI and other projects,” he stated.

He added, vividly summarizing the emotional conflict, “I was crying to sell Nvidia shares.”

The November disclosure revealed that SoftBank had completely offloaded its shares in the chip darling for $5.83 billion. Son’s comments reinforce the consensus among analysts and executives that the sale was a deliberate move to bolster the SoftBank Vision Fund’s AI war chest, rather than a lack of confidence in the world’s most valuable chipmaker.

SoftBank is strategically shifting from being a major passive technology investor (holding Nvidia stock) to being an active shaper of the AI value chain. The capital gained from the divestiture is immediately being funneled into projects designed to build what Son describes as “his own sphere of influence supporting artificial intelligence”—a vertical integration strategy covering AI development, specialized chips, and foundational infrastructure.

The sale directly bankrolls an increased commitment to OpenAI, the maker of ChatGPT. Son has made a substantial bet on the company’s future, having stated earlier this year that SoftBank was “all in” on OpenAI, predicting the startup would “one day become the most valuable company in the world.” This bet has already reaped substantial rewards. SoftBank reported last month that its second-quarter net profit more than doubled to 2.5 trillion yen ($16.6 billion), a surge driven primarily by valuation gains in its OpenAI holdings.

According to sources familiar with the matter, SoftBank could “potentially” increase its investment in the ChatGPT maker depending on its performance and the valuation of future funding rounds.

Unlike merely investing in Nvidia, which sells its chips to everyone, SoftBank is investing heavily to control the underlying infrastructure, thereby ensuring guaranteed supply and optimization for its own portfolio:

SoftBank is a lead partner in the massive Stargate Project, a $500 billion joint venture announced in January 2025 with OpenAI, Oracle, and MGX to build vast AI infrastructure in the United States. Son is the venture’s chairman, and SoftBank has the “financial responsibility” for the project, which involves constructing colossal data centers (starting in Abilene, Texas) that will house the computing power necessary for the next generation of AI.

SoftBank recently closed the acquisition of U.S. chip designer Ampere Computing for $6.5 billion. Ampere specializes in high-performance, energy-efficient processors based on the ARM compute platform—technology that complements the design strengths of SoftBank’s majority-owned Arm Holdings. This acquisition ensures SoftBank has proprietary control over the chips powering its ambitious Stargate data centers and AI ventures, guaranteeing supply and customization for its own needs, a key strategic advantage that a simple Nvidia stake does not provide.

Dismissing the Bubble: The Trillions-of-Dollars Rationale

Son also used the forum to address the “growing fears and jitters in markets about a potential AI bubble.” He pushed back forcefully against these concerns, arguing that those who talk about a bubble are “not smart enough.”

He provided a bold long-term outlook to justify the trillions of dollars of cumulative spending projected for the sector, predicting that “super [artificial] intelligence” and AI robots will generate at least 10% of global gross domestic product over the long term. This economic value creation, he asserted, will far outweigh the current massive investment levels.

SoftBank is aiming not just to invest in the AI future, but to own the full stack—from the chips (Ampere/Arm) to the infrastructure (Stargate) to the application layer (OpenAI).