Abu Dhabi’s MGX raises about $50 billion for AI deals

Abu Dhabi-backed artificial intelligence investment firm MGX has raised roughly $50 billion from local and international investors, according…

EU set to accuse Meta of addictive design on Instagram, Facebook

The European Commission is preparing to issue preliminary findings accusing Meta of using exploitative design techniques on Facebook…

US, Iran finalize deal to release $12B in frozen assets

Iran's chief negotiator Mohammad Bagher Ghalibaf announced Monday that the United States and Iran have finalized an agreement…

Electric vehicles hit 20% of EU car sales in 2026

The European Union's new car market grew for a fourth consecutive month in May, with battery-electric vehicles continuing…

China’s LineShine claims world’s fastest supercomputer title, ending US reign

The 67th edition of the TOP500 list, released Tuesday at the ISC 2026 conference in Hamburg, Germany, confirmed…

Iran’s GDP growth falls to 0.2% as war and sanctions take toll

New official figures released by the Statistical Center of Iran on Monday show the country's economy barely grew…

NatPower, Tesla strike $5 billion battery storage deal

Independent energy developer NatPower and Tesla announced on Tuesday a multiyear agreement to deploy 25 gigawatt hours of…

Samsung’s HBM4 chip sales top $1B four months after launch

Samsung Electronics has crossed the $1 billion revenue mark for its sixth-generation high-bandwidth memory chips, known as HBM4,…

Nvidia now powers over 80% of world’s top supercomputers

The 67th edition of the TOP500 list, unveiled at the ISC High Performance 2026 conference in Hamburg, Germany,…

Tencent negotiates exits from Japan game studios to fund AI push

Tencent Holdings is negotiating exits from several game studio investments in Japan, including Tokyo-traded Marvelous, as part of…

Flash PMIs show lingering cost pressures despite US-Iran peace deal

A week after the United States and Iran signed a memorandum of understanding to end hostilities, businesses across…

UN chief urges AI firms to disclose environmental costs

United Nations Secretary-General António Guterres on Tuesday urged major artificial intelligence companies to publicly disclose the full environmental…

ECB’s Lane warns inflation could stay above 2% ‘for quite some time’

European Central Bank President Christine Lagarde told the European Parliament on Monday that the euro zone is navigating…

Eurozone input costs hit lowest since Middle East war

Businesses across the eurozone reported the slowest rise in input costs since the outbreak of war in the…

Chinese EV exports hit record $9.4B as Iran war reshapes global market

The war in Iran, launched in late February by the United States and Israel, has reshaped the global…

Asian shares fall as Fed rate hike bets and Iran uncertainty weigh on markets

Asian stocks traded mostly lower on Tuesday as investors contended with rising expectations for Federal Reserve tightening and…

CATL launches sodium-ion storage system with 30-year lifespan

Contemporary Amperex Technology Co., Limited launched its Tener sodium-ion energy storage system on Monday at a product release…

Oil edges up after Monday’s sharp drop on Iran sanctions waiver

Oil prices ticked higher in early Asian trading on Tuesday after falling sharply on Monday, when the United…

Mexico seeks to restart oil shipments to Cuba amid crisis

Mexican President Claudia Sheinbaum announced on Sunday that her country is seeking to restart oil shipments to Cuba,…

Lagarde calls capital markets union key to euro’s global reserve status

European Central Bank President Christine Lagarde told lawmakers in Brussels on Monday that the euro will not become…

Haaland scores twice as Norway beat Senegal at World Cup

Erling Haaland continued his prolific World Cup debut with a brace as Norway defeated Senegal at MetLife Stadium…

Mbappé scores twice as France beats Iraq 3-0 in World Cup weather delay

Kylian Mbappé scored twice on his 100th appearance for France as Les Bleus defeated Iraq 3-0 on Monday…

Tencent begins testing AI assistant Xiaowei inside WeChat

Tencent confirmed on Monday that it has begun limited testing of a new AI assistant called Xiaowei inside…

Gallup finds tech workers who skip AI face triple layoff risk

Nearly every corporate leader surveyed by consulting firm Mercer expects artificial intelligence to eliminate jobs at their companies…

Metal detector find challenges Sutton Hoo helmet’s Scandinavian origins

A copper-alloy die stamp unearthed by metal detectorist Stephen Newbury in a field near Lynsted, Kent, in April…

Japan, U.S. hold emergency talks as yen nears 1986 low

Japan's Finance Minister Satsuki Katayama held an emergency online meeting with U.S. Treasury Secretary Scott Bessent on Monday…

Meta suspends employee tracking program after data leak

Meta has suspended its Model Capability Initiative, a controversial AI training program that recorded employees' keystrokes and mouse…

Wikipedia won’t let AI edit articles, cofounder says

Wikipedia co-founder Jimmy Wales said Monday that the platform will not permit artificial intelligence to directly edit its…

Oracle cut 21,000 jobs in fiscal 2026, annual report shows

Oracle disclosed that its global workforce shrank by approximately 21,000 employees over the past fiscal year, a 13%…

IBM launches AI security service through OpenAI’s Daybreak program

IBM International Business Machines Corporation on Monday announced it has joined the OpenAI Daybreak Cyber Partner Program, integrating…