Finance news

US blocks foreign access to Anthropic’s newest AI models over security risks

Washington has ordered Anthropic – a leading entity in America’s AI sector – to block all foreign nationals from accessing its latest models, Fable 5 and Mythos 5, citing national security concerns, according to the Silicon Valley-based firm. The unprecedented export-control measure – the first to target specific AI models – came just days after Anthropic released the models, underscoring Washington’s increasingly hands-on approach to regulating frontier artificial intelligence...

US judge reprimanded for having sex in chambers apologises: ‘I have no excuse’

A US federal judge who was disciplined after an investigation found that she had sex with a police officer in her chambers and then lied about it wrote a letter to a former law clerk apologising for her “harmful, offensive, and unprofessional behaviour”. An investigation initiated last year by the chief judge of the 11th Judicial Circuit found that US District Judge Eleanor Ross had sex in the courthouse with a high-ranking uniformed police officer within earshot of staff, attended a partisan...

Asean at 60: peace, prosperity and polite paralysis

Dan Rae Hugo has never heard of the Asean Petroleum Security Agreement. All he knows is that his diesel costs have doubled, his profit margins have evaporated and the rice on his neighbours’ tables now costs 20 per cent more than it did before the Iran war. The 43-year-old has been farming the fields of Iloilo, the Philippines, for 18 years. He has never worked harder for less. “It’s all the inputs: the diesel, the labour for operating the machines, the transportation when we harvest … It’s the.

can someone explain what happened friday because that was insane

okay so i've been following the markets for a while and friday genuinely caught me off guard. s&p down 2.6%, nasdaq down over 4% in a single day. haven't seen that since the tariff chaos last year. from what i understand the jobs report came in way too strong which spooked everyone into thinking the fed might hike rates again. that alone would've been enough but then chip stocks just completely fell apart. marvell down 13%, micron down 13%, amd nearly 11%. nvidia got dragged down 6% for basicall

Pope Leo’s plane grounded, so Spain’s king gives him a ride

Even popes have travel delays. Lucky for Pope Leo, King Felipe VI offered a way out, and a way home. Leo’s Iberia charter, due to take him back to Rome after a week-long visit to Spain, was grounded by a technical problem Friday, prompting Spain’s king to offer his private jet instead. Felipe escorted Leo to his Falcon on the tarmac at the airport in Santa Cruz de Tenerife, in the Canary Islands. Leo and members of his delegation boarded the plane and took off, more than three hours after he was

Japan pharma companies turn to China for drug discovery, growth

U.S. and Uzbekistan Deepen Economic Ties With New Investment Pact

The United States and Uzbekistan are working to expand business-to-business contacts with the aim of expanding US trade and investment in some key economic sectors, including mining, energy, IT, agriculture, and artificial intelligence. US Assistant Secretary of Commerce David Fogel signed a memorandum of understanding with Laziz Kudratov, the Uzbek minister of investment, on June 9 in Tashkent, outlining plans to facilitate business delegation visits and promote investment opportunities. “The M

AMD is seen as a CPU stock — but it’s gaining ground here, too

Wall Street is underestimating how much Meta will spend on AMD’s AI chips, a Citi analyst said.

US Army commissions second cohort of tech executives into innovation unit

This week, the Army added three more technology executives to Detachment 201, a unit intended to bridge the gap between the commercial sector and military.

Huawei is considering deploying Ascend AI chips in Latin America, cloud chief says

Huawei Technologies is studying whether to run its newest Ascend artificial intelligence chips inside its cloud and AI services in Latin America, a senior executive has confirmed, in a move that would push Chinese-designed hardware deeper into a region long courted by US suppliers. Mark Chen, president of Huawei Cloud Latin America, gave the confirmation in an exclusive interview with the South China Morning Post after his presentation at the Rio Web Summit, the technology and innovation...

Reform agenda: Bärbel Bas starts a charm offensive among family businesses

The SPD leader's appearance at the “Family Business Day” was considered sensitive. Despite her reputation as a blocker in the coalition, she was able to surprisingly score points.

Ukraine’s defense AI chief predicts ‘new paradigm’ of warfare

“The system that possesses more data and better understands that data, proposes solutions — that system will gain the advantage over the other."

Head of Focused Energy: “The nuclear phase-out was a stroke of luck for nuclear fusion”

Focused Energy from Darmstadt is the most valuable merger company in Europe. In an interview, managing director Thomas Forner explains how former power plant sites should become an opportunity for a nuclear restart.

Small investors scrambled to get in on the SpaceX IPO, even as some believe the valuation is 'stupid'

While SpaceX's IPO has caused alarm that it may be overvalued, some retail investors still want in.

US-China talks need to be ‘institutionalised’ to ease tensions in AI era: Haass

The United States and China should hold regular high-level meetings and deepen cooperation on emerging technologies such as artificial intelligence, as greater transparency is essential to avoid a downturn in relations, a veteran US diplomat has said. Richard Haass, president emeritus of the Council on Foreign Relations, said meetings between senior officials from Washington and Beijing should become routine, rather than being treated as “news”. “This is a relationship that needs to be...

Starmer says he won’t ‘walk away’ after minister Healey’s shock resignation

British Prime Minister Keir Starmer on Friday ⁠rejected the ⁠idea that he had ⁠lost authority in his role, and said he would fight to keep his job, adding that anyone who wanted to replace him would have to deal with the same financial ‌constraints. The comments come a day after Defence Minister John Healey delivered a fresh blow to the prime minister’s already weakened leadership by quitting and accusing Starmer of being unable to commit the resources needed to keep the country safe, in a dig..

Norway Pitches Arctic Resources as Key to EU Energy Security

Norway has intensified its charm offensive to persuade the European Union to drop its ban on Arctic drilling by campaigning that oil and gas resources in the High North would be better for the energy security of its closest ally than LNG supplies from the Middle East or the United States. Norway, which is not a member of the EU but is the biggest gas supplier to European markets, has been lobbying the bloc this year to drop its opposition to drilling in the Arctic. The Iran war and the biggest o

Facing US chip curbs, China launches photonics lab to power AI with light

China has established a top-level laboratory in Shanghai dedicated to photonic computing as the country strives to bypass the power constraints and US technology curbs hobbling its ambitions in artificial intelligence development. The Shanghai Key Laboratory of Integrated Photonic Computing Chips and Systems, launched on Wednesday, was China’s first industry-academia platform dedicated to the field, Shanghai’s Jiefang Daily reported on Thursday. Zou Weiwen, director of the new laboratory and a..

Oil Market Volatility Masks a Shifting Reality in the Middle East

The U.S.-Iran conflict escalated again on Thursday before abruptly swinging back toward diplomacy, producing another day of extreme volatility in both energy and financial markets. The escalation began after two days of renewed exchanges between Washington and Tehran following the downing of a U.S. Army helicopter near Hormuz earlier this week. On Tuesday and Wednesday, U.S. forces retaliated against Iranian targets, while Iran responded in kind. Early on Thursday, Trump threatened to seize Khar

Armenia's Western Pivot Survives Moscow's Pressure Campaign

Politics, Geopolitics & Conflict Armenian Prime Minister Nikol Pashinyan won re-election on Sunday, defeating a Russian-backed opposition campaign and keeping the country on the Western trajectory. But the result fell short of giving him the parliamentary supermajority needed to easily implement some of the most consequential elements of his agenda. Pashinyan’s Civil Contract party won 64 of 105 seats. It’s enough to remain in power and continue deepening ties with the U.S. and EU, while advanci

Here’s what could be SpaceX’s biggest upside surprise, according to a leading Silicon Valley investor

Brad Gerstner and Gavin Baker discussed the SpaceX IPO as well as a possible pivot for Nvidia.

Crisis in social security funds: The pharmaceutical industry is threatening the government with leaving

Minister Warken demands that the costs in the health system must not continue to rise. Some pharmaceutical companies don't want to accept this. Is your lobby offensive successful?

How to cope with parenting stress after mother and daughter suicides in Hong Kong

Hong Kong is reeling from a double tragedy on Wednesday after a 48-year-old social worker jumped to her death from her 19th-floor home in Taikoo Shing after arguing with her 12-year-old daughter about “education problems”. Hours later, the girl also jumped from her living room. The South China Morning Post breaks down the sequence of events and examines how Hongkongers can cope with stress and maintain harmonious family relationships. 1. How did the tragedy unfold? First, a government social...

Start-up Neura Robotcs: A strong signal for Germany’s robot hopes

A young Swabian company also receives money from Amazon and Nvidia. This shows what is possible in this country - and that big goals also need to be achieved for big results.

Paris defense show may be last chance to buy before war, CEO says

Surging defense spending means Eurosatory is bigger than ever this year, with the number of exhibitors rising 30% to more than 2,600, per the organizer.

Leonardo in ‘advanced’ talks to expand Italian Army’s AW-249 combat helicopter fleet

One of the use-cases envisaged for the platform could be to “fly at high-speed and low-level in order to penetrate deep into enemy territory,” Marco Marinoni, head of the AH-249 acquisition program in the Italian Army, said.

Exclusive: Ukraine's drone commander wants to cut Crimea off from Russia

Same supply corridor as the Mariupol port and Chonhar bridge strikes this week, now with a name attached to the plan. Brovdi, call sign Madyar, runs Ukraine's drone forces. He told Reuters traffic on the Novorossiya highway is down by more than two thirds in the past month. That road is the main overland route from Rostov into Crimea. He thinks full control of it is about a month out. His numbers, which Reuters says it could not verify: 174 Russian air defence systems destroyed in five months, a

Transformation: When AI takes away the foundation of the welfare state

Within a short period of time, artificial intelligence has gone from being a topic of the future to a defining issue of the present. It not only puts wage income under pressure, but also undermines the financing basis of the welfare state.

EU tech sovereignty may be ‘illusion’ as China, US dominate AI: Chinese expert

The EU’s concept of tech sovereignty may prove an “illusion” in a world where artificial intelligence is dominated by China and the US, a Chinese expert has argued, urging Beijing to seize the opportunity provided by Donald Trump to make its products “indispensable” to middle powers. The European Union rolled out its Technological Sovereignty Package last week in a bid to help the bloc become “a global leader” in artificial intelligence and protect its “digital independence”. The EU defined tech

Bangladesh, India pledge closer border cooperation amid migration row

Bangladesh and India have agreed to deepen cooperation along their shared border with improved intelligence sharing and coordinated patrols, according to a joint statement released on Friday, amid strained relations over alleged undocumented migration. Dhaka has accused Indian authorities of attempting to ‌force migrants across the border without due process, complicating efforts to stabilise ties following the 2024 ousting of Sheikh Hasina and India’s broader effort to identify and deport...