China unveils 5-year AI and chip plan as it narrows gap with US

China is rapidly closing the artificial intelligence capability gap with the United States, emerging as a near-peer AI…

Study finds AI agents collude to bypass guardrails

Autonomous AI agents can team up to circumvent safety restrictions and escape the boundaries set for them, according…

China home prices fall again in August as property slump persists

China's new home prices declined for another month in August, extending a streak of weakness that has kept…

Wall Street shrugs off AI slowdown calls as spending nears $600B

The leaders of the world's most prominent artificial intelligence companies issued an unprecedented joint call over the weekend…

South Africa, Australia brace for potentially record El Niño summer

As the Southern Hemisphere heads into summer, South Africa and Australia are preparing for what forecasters warn could…

Morgan Stanley joins Wall Street banks forecasting ECB December rate hike

A growing chorus of major banks is now forecasting that the European Central Bank will raise interest rates…

Hormuz shipping falls to a trickle as Saudi pipeline stays offline

A dual blow to Middle Eastern energy infrastructure is squeezing global oil supply, with Saudi Arabia's East-West Pipeline…

Russia’s oil export revenue hits four-month high amid Saudi pipeline shutdown

Russia's seaborne crude oil exports surged by the most since May last week, lifting Moscow's weekly export revenue…

17 European telecom CEOs warn Huawei ban could cost €40B

Seventeen chief executives from Europe's largest telecommunications companies have issued an open letter demanding a "course correction" from…

Mozilla report: open AI models trail frontier labs by just 4.4 months

The performance gap between the leading proprietary AI models built by U.S. tech companies and the best open-weight…

Over 60 nations call for ethical AI rules at UNESCO forum in Riyadh

The Fourth UNESCO Global Forum on the Ethics of Artificial Intelligence opened in Riyadh on Tuesday, drawing ministers…

Salk Institute maps 1,000 hidden brain microproteins linked to Alzheimer’s

Scientists at the Salk Institute have assembled the first atlas of microproteins in the human frontal cortex, cataloging…

China calls for UN-led AI governance after dismissing US slowdown push

Beijing mounted a two-pronged response this week to Silicon Valley's calls for slowing frontier AI development, dismissing the…

UBS and PVM warn markets underpricing crude oil shock

Two prominent market strategists issued separate warnings this week that financial markets are failing to grasp the severity…

IEA cuts 2026 oil demand forecast to worst drop since pandemic

The International Energy Agency cut its 2026 global oil demand forecast by 940,000 barrels per day in its…

OECD says rich countries face 20 more years of Covid costs

The health and economic impacts of Covid-19 will continue to burden the world's wealthiest nations for another 20…

Grab to buy Atome Financial for $1.49B in BNPL push

Grab Holdings announced on Tuesday that it has agreed to acquire a controlling 60% stake in Singapore-based buy-now-pay-later…

Oil surges past $108 as Saudi pipeline remains offline

Oil prices climbed on Tuesday as attacks on Saudi Arabian energy infrastructure kept the kingdom's East-West crude pipeline…

Greece now borrows more cheaply than France in historic bond market reversal

In a transformation that would have seemed unthinkable a decade ago, Greece is now paying less than France…

ASML shares drop sharply after AI leaders call for slower development

ASML Holding shares fell roughly 7% on Monday, September 14, closing at $1,575.15 on Nasdaq and approximately €1,387.80…

Von der Leyen decries Russian ‘aggression’ after dual NATO incidents

European Commission President Ursula von der Leyen on Tuesday denounced what she called "reckless and dangerous Russian behaviour"…

Meta launches Meta One subscription across its apps

Meta Platforms on Tuesday launched Meta One, a subscription service that bundles enhanced AI tools and premium features…

ECB staff demand Lagarde clarify her future amid exit speculation

The European Central Bank's staff committee has written to the institution's Executive Board demanding that President Christine Lagarde…

ExxonMobil raises LNG sales target 25% amid Hormuz crisis

ExxonMobil Exxon Mobil Corporation has raised its annual liquefied natural gas sales target to 50 million tonnes by…

Meta to deploy custom AI chips in 2027 to cut Nvidia reliance

Meta Platforms plans to begin deploying its third-generation custom artificial intelligence chip, MTIA 450 or Arke, in data…

UniCredit’s Orcel seeks ouster of Commerzbank CEO, rejects Berlin’s board demands

German Finance Minister Lars Klingbeil said on Tuesday that Berlin intends to secure representation on UniCredit's governing bodies,…

Thailand’s PTT pursues US Gulf LNG deals amid Hormuz crisis

Liquefied natural gas buyers across Asia are stepping up efforts to secure more fuel from the United States…

Cosco and OOCL begin Red Sea transits in broadening Suez Canal return

Chinese carriers Cosco Shipping and subsidiary Orient Overseas Container Line (OOCL) began resuming Red Sea transits on Tuesday,…

Capital flight from Russia tops $1 trillion over 25 years

Capital flight from Russia over the past 25 years has surpassed the country's entire annual gross domestic product,…

AWS says it cannot restore Gulf cloud facilities damaged in Iran war

Amazon Amazon.com, Inc. Web Services announced on Tuesday that it cannot restore access to its cloud-computing facility in…