US Treasury tells banks to ‘stand ready’ for yen intervention

The U.S. Treasury informed a number of banks on Friday that it may intervene in the yen market…

A ton of space junk crashes to Earth every week, NYT investigation finds

More space debris is falling to Earth than ever before, a consequence of the accelerating race among governments…

Asian confederation joins opposition to FIFA private equity plan

FIFA has pushed back against mounting opposition to its proposed private investment plan, attributing the backlash to "inaccurate…

Amazon completes $35B final tranche of OpenAI investment

Amazon Amazon.com, Inc. has completed the remaining $35 billion of its $50 billion investment in OpenAI, finalizing one…

Real Madrid, Juventus join growing revolt against FIFA spinoff plan

Opposition to FIFA's plan to create a $20 billion commercial subsidiary and sell a minority stake to private…

Chilean mummies yield first genetic proof Europeans brought smallpox to Americas

For five centuries, the deadliest epidemic in the history of the Americas lacked molecular proof of its origin.…

Bordeaux wildfire smoke threatens 2026 vintage as harvest nears

One of France's worst wildfires since World War II has burned more than 42,000 hectares west of Bordeaux,…

Europe’s summer power prices hit winter peaks amid unprecedented heatwave

An unprecedented heatwave gripping Europe this summer has driven electricity prices to levels typically reserved for the coldest…

Memory chip shortage hammers phones and cars as AI devours supply

The global memory chip shortage, driven by insatiable demand from AI data centers, is now squeezing two of…

BYD’s Racco kei EV hits 5,000 orders in first week in Japan

BYD's Racco electric kei car secured more than 5,000 paid orders in its first week on sale in…

Cloud spending hits $143B in Q2, fastest growth in 8 years

Enterprise spending on cloud infrastructure services surged to $143 billion in the second quarter of 2026, marking a…

FIFA launches rapid review of 64-team World Cup for 2030

FIFA has launched a rapid consultation process to assess whether the men's World Cup should be expanded from…

Michael Jackson biopic fuels Sony Music’s strongest quarter

The enduring commercial power of Michael Jackson's catalog lifted Sony Music Entertainment to one of its strongest quarters…

EU charges Temu with obstructing Dublin raid in subsidy probe

The European Commission on Friday formally charged Chinese online retailer Temu for failing to cooperate during an unannounced…

Vitol, Cargill cut ties with iron ore trader over fake invoices

Three of the world's largest commodity trading houses have severed or frozen business ties with Radiant World, a…

EU lawmakers move to summon FIFA’s Infantino over World Cup investment plan

The European Parliament is preparing to summon FIFA President Gianni Infantino for a hearing over his plan to…

ECB stress test finds some banks could breach liquidity limits in geopolitical crises

The European Central Bank on Friday published the results of a first-of-its-kind reverse stress test focused on geopolitical…

Adnoc drops its own futures contract, shifts all crude pricing to Dubai benchmark

Abu Dhabi National Oil Co., the UAE's state oil producer, announced on Friday that it would overhaul the…

EY finds 4 in 5 firms alarmed by AI token costs

Enterprises are confronting a new financial reality as AI systems consume tokens at rates that have blown past…

Czech arms tycoon buys 14% Pirelli stake from Sinochem

Michal Strnad, the 33-year-old Czech arms tycoon behind Czechoslovak Group, has acquired a 14% stake in Pirelli from…

Moonshot AI built Kimi K3 on 20,000 Nvidia chips from Alibaba

Chinese AI startup Moonshot has a computing power agreement with Alibaba for the use of around 20,000 Nvidia…

MediaTek approves $5 billion to fund AI data-center chip push

MediaTek, Taiwan's largest chip designer, said on Friday its board had approved a discretionary financing budget of $5…

Novo Nordisk shares tumble after key heart drug fails late-stage trial

Novo Nordisk announced on Friday that its experimental anti-inflammatory drug ziltivekimab failed to reduce the risk of major…

Infantino’s senior adviser quits over World Cup stake sale

Carlos Cordeiro, a senior advisor to FIFA president Gianni Infantino, resigned with immediate effect on Friday in protest…

EU launches AI enforcement team as landmark rules take effect Sunday

The European Union unveiled a new enforcement team in Brussels on Friday to police AI companies worldwide, two…

China’s CXMT briefly tops $590B, becoming most valuable A-share stock

ChangXin Memory Technologies, China's largest DRAM manufacturer, briefly surpassed a market capitalization of 4 trillion yuan (approximately $592…

Hamas accepts Gaza disarmament framework but sets conditions for Israel

President Donald Trump declared on Thursday evening that his Board of Peace had reached a "historic agreement for…

Commerzbank agrees to resume merger talks with UniCredit

Commerzbank CEO Bettina Orlopp has told employees the bank will resume negotiations with UniCredit over a potential tie-up,…

ADNOC buys $590M in tankers as Hormuz crisis reshapes oil trade

Nearly five months after the closure of the Strait of Hormuz, Abu Dhabi National Oil Co has purchased…

Reuters exposes $4B Iran sanctions dodge via Dubai crypto exchange

A Reuters investigation published on July 31 has exposed a $4 billion Iranian sanctions evasion operation routed through…