Meta Platforms Inc. has once again captured the attention of Wall Street with its aggressive push into artificial intelligence, sending its stock up more than 40% from April lows and back near record highs. The latest catalyst: a $14.3 billion investment in Scale AI, a data-labeling startup whose CEO will…
Donald Trump abruptly departed the G7 Summit in Canada on Monday evening, citing the escalating conflict between Israel and Iran. French President Emmanuel Macron told reporters that the US president had received an offer—via intermediaries—aimed at securing a ceasefire and restarting broader discussions between the two adversaries.“There is indeed an…
The European Commission on Tuesday is expected to propose a ban on Russian gas and liquefied natural gas (LNG) imports into the EU by the end of 2027. This measure will employ legal mechanisms to prevent EU members Hungary and Slovakia from blocking the plan, according to a Reuters report.According to…
US President Donald Trump dismissed speculation that his early departure from the G7 summit in Canada was linked to potential ceasefire talks between Israel and Iran, contradicting earlier comments made by French President Emmanuel Macron.In a post on Truth Social at 1:15 am Washington time Tuesday, shortly after Air Force…
Maritime traffic through the Strait of Hormuz is facing new disruption as shipowners reassess security risks in the wake of rising hostilities between Israel and Iran, as per a CNBC report.Following Israel’s strike on Iranian military and nuclear sites on Friday, heightened regional tensions have triggered four days of escalation,…
A recent surge in global oil prices, driven by geopolitical tensions in the Middle East, has increased pressure on Asian currencies, with analysts warning of heightened downside risks for the Thai baht, Korean won, and Taiwan dollar. According to a note by Barclays Plc, the upward momentum in oil is…
US President Donald Trump has been saying that tariffs are the most beautiful word to him. They are supposed to generate “billions” of revenues for the government and generate “trillions” in new investments for America.A lot of things have changed since April, when the first big tariff announcements came. Tariffs…
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz. The incident occurred amid a surge in electronic interference in the region, attributed to the ongoing conflict between Iran and Israel, according to a Reuters report. No injuries to the crew or oil spillage were reported.Twenty-four individuals…
Anne Wojcicki, cofounder and former chief executive of 23andMe, is taking back control of the struggling genetic testing pioneer.Months after the company filed for bankruptcy, Wojcicki has emerged as the winning bidder in a competitive court-supervised auction, beating out pharmaceutical heavyweight, Regeneron, with a $305 million offer through a newly…
US President Donald Trump’s family-owned Trump Organization on Monday announced the launch of Trump Mobile. The self-branded mobile network comes with a $499 smartphone and is expected to start operations by September this year. Trump Mobile’s launch marks the entry of the Trump family into the telecom sector. The family of…