BIS declares stablecoins structurally unfit as money

The Bank for International Settlements on Sunday released its 2026 Annual Economic Report at its yearly general meeting…

First study links Antarctic glacier retreat to human activity

Human-caused climate change intensified the retreat of one of Antarctica's most critical glaciers by 18% to 20% since…

DeepSeek targets mid-July V4 launch with new API pricing

Researchers from Peking University and DeepSeek released DSpark on June 27, an open-source speculative decoding framework that accelerates…

Saudi Aramco pushes oil exports at Ras Tanura despite crash, Hormuz threats

Saudi Aramco continued loading crude at its Ras Tanura terminal on Monday, with a fourth very large crude…

Hormuz shipping to stay below half prewar levels for months, NYK CEO warns

The International Maritime Organization estimated that approximately 80 naval mines remain scattered across the Strait of Hormuz's historic…

WEF warns East-West decoupling could cost $6.9T in GDP

The World Economic Forum has warned that a full economic decoupling between Eastern and Western blocs could wipe…

Morgan Stanley calls salt ‘the new oil’ as sodium-ion batteries rise

Morgan Stanley has declared the dawn of a "New Oil Age" — not for petroleum, but for salt.…

EIB commits record €3 billion loan to Airbus for R&D

The European Investment Bank has committed an unprecedented €3 billion financing package to Airbus, marking the largest corporate…

Volkswagen to end Bosch self-driving partnership after €1.5B investment

Volkswagen plans to terminate its automated driving partnership with Bosch, ending a collaboration that absorbed roughly €1.5 billion…

BAT to cut 5,500 jobs in AI-driven restructuring

British American Tobacco announced on Monday that it will eliminate 5,500 jobs and transfer an additional 3,500 roles…

Report accuses Facebook of hosting largest wildlife black market

A coalition of conservation organizations has accused Meta of hosting the world's "largest single known illegal wildlife trade…

BIS warns of rising perils as J.P. Morgan stays bullish

J.P. Morgan JPMorgan Chase & Co. released its mid-year global economic outlook in June 2026, maintaining a constructive…

Asian tech stocks stage dramatic rebound after AI selloff deepens

Asian technology stocks plunged in early trading on Monday before staging a dramatic afternoon recovery, extending weeks of…

Euro zone corporate lending hits 3-year high, ECB data shows

Bank lending to euro zone companies grew at its fastest pace in three years in May, according to…

South Korea unveils $576B chip and AI investment plan

South Korea on Monday unveiled its largest-ever semiconductor investment plan, with Samsung Electronics and SK Hynix committing 800…

ECB’s Kazaks says no rush for more rate hikes as risks ease

European Central Bank Governing Council member Martins Kazaks said on Sunday that there is currently no need for…

BT and Verizon combine global operations in $4B joint venture

BT Group and Verizon Communications on Monday announced a deal to combine their international enterprise operations into a…

Gold slides as US-Iran strikes lift oil, rate hike bets

Gold prices eased at the start of the new week as renewed military exchanges between the United States…

Infantino took 27 private jet flights during World Cup group stage

FIFA president Gianni Infantino has attended 24 matches in just over two weeks at the 2026 World Cup,…

Putin rejects Ukraine’s ceasefire proposal, vows to seize four regions

Russian President Vladimir Putin said on Sunday that Russia will continue its campaign to fully capture four Ukrainian…

Sovereign investors pivot to energy, gold as dollar fears deepen

Sovereign wealth funds and central banks overseeing $29 trillion in assets are making a decisive shift toward energy…

2026 World Cup knockout stage begins with Round of 32

The 2026 FIFA World Cup entered its elimination phase on Sunday, with the Round of 32 bracket now…

Eustáquio’s 92nd-minute goal lifts Canada past South Africa at World Cup

Stephen Eustáquio scored in the 92nd minute on Sunday to give Canada a 1-0 victory over South Africa…

Nvidia-backed Firmus to build 360MW AI data center in Indonesia

Australian AI infrastructure firm Firmus Technologies has partnered with Nvidia to build a 360-megawatt data center campus on…

Baidu’s Kunlunxin targets $50B valuation in Hong Kong IPO

Baidu's artificial intelligence chip unit Kunlunxin is seeking a $50 billion valuation for its Hong Kong initial public…

Goldman Sachs says AI trade rebalancing, not macro fears, drove this week’s global selloff

South Korea's Kospi suffered one of its most violent weeks in recent memory, with circuit breakers triggered repeatedly…

Nine African teams reach World Cup knockouts, shattering record

Nine of the ten African nations at the 2026 FIFA World Cup have advanced to the knockout stage,…

China unveils world’s largest superconducting magnet for fusion reactor

Scientists and engineers at China's Institute of Plasma Physics, Chinese Academy of Sciences, announced on Saturday that two…

Skydiving plane crash in France kills all 11 on board

A civilian aircraft belonging to a parachuting school crashed near the town of Tomblaine in northeastern France on…

Asia’s plastic costs surge as Hormuz crisis squeezes naphtha supply

Across Asia's bustling street markets and food stalls, the cost of plastic bags, containers, and cups has climbed…