IATA: global air passenger demand fell in May amid Middle East war

Global air passenger demand dropped 2.2% year-on-year in May 2026, marking a second consecutive month of contraction as…

Google launches two AI models for fast image and video generation

Google Alphabet Inc. released two new AI media models on Tuesday, expanding its generative AI lineup with tools…

Haaland’s late goal gives Norway first World Cup knockout win

Erling Haaland struck in the 86th minute to give Norway a 2-1 victory over Ivory Coast in the…

Google’s emissions, power use hit record highs amid AI buildout

Google's electricity consumption, water use, and greenhouse gas emissions all climbed to record levels in 2025 as the…

Microsoft’s first EU tax report shows $47B in Ireland profits

Microsoft on Tuesday published its first public country-by-country tax report, revealing the extent to which the tech giant's…

Dollar posts best quarterly gain of 2026, rattling global currencies

The U.S. dollar closed out the second quarter of 2026 as the foreign exchange market's standout winner, gaining…

Rubin Observatory launches decade-long survey of the universe

The NSF–DOE Vera C. Rubin Observatory has officially launched its Legacy Survey of Space and Time, beginning a…

Anthropic launches Claude Sonnet 5 as default model

Anthropic released Claude Sonnet 5 on Tuesday, making it the new default model across Free, Pro, Max, Team,…

Analysts cut 2026 oil forecasts as Gulf output rebounds faster than expected

Global oil prices have fallen sharply to pre-war levels as production across the Persian Gulf recovers at a…

Venezuelan bond rally fades as earthquakes darken debt outlook

Venezuelan sovereign bonds and debt issued by state oil company PDVSA are sliding as investors reckon with the…

Schneider Electric to buy industrial AI firm Cognite for $3.1B

Schneider Electric announced on Tuesday that it has signed a definitive agreement to acquire 100% of Cognite Holding,…

Anthropic launches Claude Science workbench for researchers

Anthropic on Tuesday began rolling out Claude Science, an AI-powered workbench designed to give scientists a single environment…

OpenAI finds optimization that halves inference costs

OpenAI engineers earlier this month developed an optimization that reduces inference costs by more than half for the…

Companies using AI most are adding junior workers, not cutting them

Companies making the deepest investments in artificial intelligence are expanding their junior workforces rather than shrinking them, according…

Memory chip crisis threatens small electronics makers as prices set to surge further

The global memory chip crisis driven by insatiable AI demand is entering a new, more dangerous phase —…

China lifts fuel export curbs amid ample domestic supply

China is easing restrictions on refined fuel exports that were imposed after conflict in the Middle East disrupted…

UAE hits record oil exports after OPEC exit

The United Arab Emirates pushed crude oil and condensate exports to a record high in June, averaging about…

Yen short squeeze risk grows as Japan’s flows turn supportive

The conditions for a disruptive reversal in yen carry trades are intensifying, with Japan's trade and investment flows…

Ukraine strikes Moscow satellite facility in 419-drone barrage

Ukraine launched a large-scale drone attack on Moscow early on June 30, striking a key military satellite communications…

IMF warns AI’s debt-fueled boom poses systemic risk

Global financial regulators are sounding an increasingly urgent alarm about the debt-fueled nature of the artificial intelligence boom,…

Stripe, Visa and 140 partners launch Open USD stablecoin

A sweeping consortium of financial and technology companies on Tuesday formally launched Open Standard, an independent venture that…

Nvidia scraps original four-chip Rubin Ultra design

NVIDIA has canceled the original four-chip design of its Rubin Ultra GPU just three months after unveiling it…

UK signals intervention in Paramount’s $110B Warner Bros. deal

British Culture Secretary Lisa Nandy said on Tuesday she is "minded to intervene" in Paramount Skydance Corp's proposed…

Databricks, Microsoft embrace Chinese open-source AI models

Zhipu AI's GLM-5.2, a 744-billion-parameter open-weight model released under the MIT license by Chinese startup Z.ai, is drawing…

Lagarde declares end of ECB forward guidance era at Sintra forum

European Central Bank President Christine Lagarde used the opening of the ECB's annual forum in Sintra, Portugal on…

Oil set for steepest quarterly drop since 2020 pandemic

Oil prices fell on Tuesday and are set for their worst quarterly decline since the early days of…

Bitcoin falls below $60,000 as yen hits 40-year low

Bitcoin declined on Tuesday, trading near $59,000 after the Japanese yen's slide to a 40-year low boosted the…

ADNOC proposes new crude pricing system after UAE’s OPEC exit

Abu Dhabi National Oil Co. is proposing a new pricing methodology for crude sales to long-term customers, a…

EU moves to designate Microsoft Azure as gatekeeper

Microsoft is facing a fresh wave of regulatory scrutiny across Europe over how it packages and promotes its…

Eni, XRG each take 32% in Argentina’s Vaca Muerta LNG project

ADNOC's international investment arm XRG and Italy's Eni have each signed agreements to acquire 32% interests in three…