British car, van, truck, and bus production fell to its lowest level since 1952 in 2025, underscoring what industry leaders have described as the most challenging period for UK manufacturing in decades. According to data from the Society of Motor Manufacturers and Traders (SMMT), total vehicle output dropped 15.5% year on year to 764,715 units. […]
OpenAI, the creator of ChatGPT, is on track to raise billions of dollars from its existing and new investors, a sign that the artificial intelligence (AI) boom is accelerating. OpenAI to raise billions as competition rises The latest reporting by The Information shows that the company is about to raise as much as $100 billion […]
Indonesian equities plunged further into turmoil on Thursday after a warning from MSCI Inc. over a possible market downgrade triggered the worst two-day selloff in almost three decades, rattling investor confidence across equities and currency markets. The benchmark Jakarta Composite Index tumbled as much as 10%, after earlier triggering a 30-minute trading halt. At the […]
On Thursday, global markets and geopolitics were shaped by a mix of accelerating artificial intelligence investment, volatile Asian equities, renewed UK-China diplomacy, and a powerful rally in commodities. OpenAI funding signals acceleration in AI arms race OpenAI, the creator of ChatGPT, is on track to raise tens of billions of dollars from existing and new […]
Gold prices continued to surge to new record highs as the yellow metal cleared $5,600 per ounce on Thursday. Gold had surged past the $5,000 threshold for the first time this Monday, marking a weekly gain of over 10%. This rally is attributed to a combination of strong factors: robust safe-haven investment, persistent central bank […]
SK Hynix has overtaken Samsung Electronics in operating profit for the first time, marking a shift in South Korea’s semiconductor hierarchy as artificial intelligence reshapes the memory market. The crossover became clear this week when the two rivals reported earnings on consecutive days. SK Hynix’s results highlighted how leadership in advanced memory chips tied to […]
President Donald Trump on Wednesday nominated federal prosecutor Colin McDonald to serve in the newly formed role of assistant attorney general for national fraud enforcement. McDonald is currently serving as an associate deputy attorney general at the Department of Justice. ‘I am pleased to nominate Colin McDonald to serve as the first ever Assistant Attorney […]
Shipping in the Persian Gulf dipped sharply Wednesday as tensions with Iran intensified amid signs the U.S. was positioning military forces for a potential strike, according to maritime intelligence assessments. The U.S. Navy’s USS Abraham Lincoln Carrier Strike Group entered the U.S. Central Command area of responsibility Monday, a U.S. official confirmed to Fox News […]
Shipping in the Persian Gulf dipped sharply Wednesday as tensions with Iran intensified amid signs the U.S. was positioning military forces for a potential strike, according to maritime intelligence assessments. The U.S. Navy’s USS Abraham Lincoln Carrier Strike Group entered the U.S. Central Command area of responsibility Monday, a U.S. official confirmed to Fox News […]
Federal Reserve Chair Jerome Powell warned Wednesday that a Supreme Court showdown over sitting Fed governor Lisa Cook could have far-reaching consequences for the central bank’s independence and the U.S. economy. ‘I would say that that case is perhaps the most important legal case in the Fed’s 113-year history. As I thought about it, it […]