iPhone 18 Pro preorders open Saturday at 5 a.m. PT

Apple is hours away from opening preorders for the iPhone 18 Pro and iPhone 18 Pro Max, with…

Moonshot AI eyes $2B in annualized sales amid distillation accusations

Moonshot AI, the Beijing-based startup behind the Kimi chatbot, is targeting $2 billion in annualized revenue by the…

Goldman, Citi, Barclays forecast more ECB hikes after rate rise

The European Central Bank raised its key interest rates by 25 basis points on Thursday, lifting the deposit…

Anthropic reveals Claude-powered dating scam with 4,700 AI personas

Anthropic disclosed this week that a China-based app studio built and operated a network of more than 20…

Top European bank CEOs demand moratorium on capital hikes

The heads of eleven of Europe's largest banks have banded together to pressure EU leaders into accelerating regulatory…

EU deepens antitrust probe into Broadcom’s VMware licensing

Broadcom's restructuring of VMware software licensing following its $61 billion acquisition is drawing renewed attention from European Union…

Japan’s finance minister offers cool reply to Bessent’s yen dare

Japanese Finance Minister Satsuki Katayama on Friday offered a notably diplomatic response to U.S. Treasury Secretary Scott Bessent's…

Brent crude tops $108 as US-Iran conflict roils global markets

Brent crude oil surged past $108 per barrel on Thursday, hitting its highest level since May, as escalating…

UBS retires $7.9B in Credit Suisse bonds in record buyback

UBS Group AG announced on Friday that it is repurchasing $7.93 billion of legacy Credit Suisse bonds, its…

Bundesbank chief says ECB may need to hike beyond neutral range

Bundesbank President Joachim Nagel said on Friday that the European Central Bank may need to push interest rates…

European gas posts fifth straight weekly gain as Middle East war cuts LNG supply

European wholesale natural gas prices surged to their highest levels since late 2022 this week, driven by the…

WADA bars host nations from Olympic drug testing over U.S. objections

The World Anti-Doping Agency's Executive Committee on Thursday unanimously approved new measures to strengthen the independence of anti-doping…

China approves Wegovy as first GLP-1 drug for liver disease

Novo Nordisk announced on Thursday that China's National Medical Products Administration approved Wegovy as the first GLP-1 receptor…

Samsung Display to supply $250 foldable panels for Apple’s iPhone Duo

Samsung Display has secured a three-year exclusive agreement to supply foldable OLED panels for Apple's iPhone Duo and…

BNP Paribas warns AI debt boom will end credit bull market

BNP Paribas has warned that the multi-year rally in corporate bonds is heading toward a breaking point, as…

Fitch gives SoftBank Group its first credit rating at BB+

Fitch Ratings on Friday assigned SoftBank Group Corp. a first-time Long-Term Issuer Default Rating of BB+ with a…

BofA cuts Apple target after foldable iPhone Duo debut

Bank of America lowered its price target on Apple to $370 from $380 while maintaining a Buy rating,…

Yen slips as Mideast oil shock lifts dollar ahead of CPI

The Japanese yen weakened for a second consecutive session on Friday as surging oil prices tied to Middle…

Global container rates up 143% as congestion hits pandemic-era levels

Global container freight rates have jumped 143% from a year ago as an unusually prolonged peak season collides…

Omnicom to cut 15,000 jobs amid IPG merger and PepsiCo loss

Omnicom is on track to reduce its global workforce to approximately 105,000 employees by the end of 2026,…

Brent crude briefly tops $110 as both key Mideast oil chokepoints face disruption

Crude oil prices posted their steepest weekly gains since July as escalating hostilities between the United States and…

IEA deepens 2026 oil demand cut, worst since pandemic

The International Energy Agency on Friday cut its forecast for the decline in global oil demand this year…

ECB raises rates to 2.5% as euro stablecoins stay locked at zero yield

The European Central Bank raised its deposit facility rate by 25 basis points to 2.50% on Thursday, its…

Lagarde reveals U.S. sold €500M in euros during yen intervention

European Central Bank President Christine Lagarde disclosed on Thursday that U.S. financial authorities sold 500 million euros to…

Africa accounts for two-thirds of ISIS activity, US panel warns on 9/11 anniversary

As the world marks the 25th anniversary of the September 11 attacks, counterterrorism analysts are offering a sobering…

Trump declines Saudi request for US strikes on Houthis as Red Sea crisis deepens

Saudi Crown Prince Mohammed bin Salman called President Trump twice on Thursday, urging him to order American military…

UAE pledges €40 billion investment in Germany

The United Arab Emirates announced plans to invest €40 billion ($46 billion) in Germany during a state visit…

China targets 70% EV sales by 2030 in new plan

China has set a target for electric and plug-in hybrid vehicles to account for 70% of all new…

Brent crude tops $107 as Houthis reportedly strike Saudi oil pipeline

Reports emerged Friday of a Houthi strike on Saudi Arabia's East-West crude oil pipeline, with satellite imagery showing…

OpenAI researcher claims 70% chance of extinction within three years

A wave of public warnings from researchers inside the two leading AI labs has escalated concerns about the…