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Standstill in the Persian Gulf: Alliance: Over a thousand ships are stuck in the Persian Gulf

The USA and Iran have agreed on a framework agreement after three and a half months of war - but for many of the ships stuck in the Persian Gulf, the agonizing standstill has no end.

Interview: Governor of Kherson: “The Russians are intensifying their drone attacks”

Burning Russian oil facilities dominate the headlines, but the Russians are also increasing the pressure. The governor of Kherson reports how his city is holding up.

Trump Admin Takes Aim at Oil, Gas Drilling Costs

The U.S. federal government will reduce costs for oil and gas drillers by slashing red tape for the industry, aiming to tempt drillers to expand on federal lands. In a news release this week, the Interior Department said it would revise the Bureau of Land Management’s rule for federal land leasing for oil and gas drilling as well as the BLM’s waste prevention rule, by essentially loosening both to reduce the cost burden on energy companies. Under the revised rules, the cleanup cost of an abandon

Cerebras delivers its first earnings report — but it’s not enough to lift the stock

Despite upbeat revenue figures, Cerebras’s stock was falling in after-hours trading.

The No. 1 NBA draft pick will make nearly $70 million as TV deals keep money flowing into the NBA

There’s so much money at stake in the NBA draft that falling a few slots could cost a player $30 million.

US Anthropic ban is best advert for Chinese AI

Bankers working for JPMorgan Chase and Goldman Sachs in Hong Kong must have been miffed when they were shut off from using artificial intelligence (AI) models from Anthropic, a pioneering American firm in the field. Goldman Sachs and JPMorgan Chase pulled the plug in April and last week respectively, based on a strict interpretation of Anthropic’s terms of use, which reflect Washington’s stringent restrictions on China’s access to frontier American AI models. The banks’ decisions are seen as a..

Again, the worst form of the company pension scheme should fix everything

According to the Commission: In order to achieve a better overall level of care in old age, the goal must be to increase the prevalence of occupational pensions. In the future, the aim is to achieve almost universal distribution of company pension schemes for all employees. Then finally ensure that this is not implemented through deferred compensation, but rather through a real pension fund. The deferred compensation is just rubbish and that's why many people simply don't want to complete it: high fees, low fees

Central Tokyo existing condo prices level off as investment demand wanes

Sonic the Hedgehog chases Mario in IP business, 35 years since debut

Sony's new image sensor boosts resolution 20% with realigned color filters

Japan's public is ambivalent about Takaichi's security agenda

Japan share buybacks soar past $100bn, driven by Sony, Hitachi

Dogs, drones and AI: Australian agriculture is going high-tech

Bill Gates testimony on Jeffrey Epstein ties released by House oversight panel

"I should never have met with Epstein in the first place," Bill Gates told members of the House Oversight and Government Reform Committee.

Cerebras reports 92% revenue growth in chipmaker's first earnings report since IPO

Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.

These stocks in the S&P 500 fell the most on Tuesday as the tech sector came under pressure

Most of the day’s biggest losers were still up tremendously for 2026.

Rail: Rail disruption resolved – traffic starts again

An IT malfunction temporarily paralyzed rail traffic throughout the country. After the problem has been identified, the first trains can run again.

Armament: Pistorius wants to end the controversial F-126 frigate project

The Bundeswehr is withdrawing from one of the most expensive arms projects. In the future, the Navy will rely on smaller Meko-200 warships.

The AI Boom Is Set to Fast-Track China's Coming Nuclear Energy Dominance

The United States is still the largest producer of nuclear energy in the world – but probably not for long. Decades of political ambivalence have left the domestic nuclear sector in a state of neglect. Far more reactors are aging out than being constructed, and the country’s few attempts at building new nuclear fission reactors have been controversial, expensive, and slow to get off the ground. After Georgia’s Plant Vogtle finally came online years late and billions over budget in 2024, zero new

CFTC sues Kentucky over actions against prediction markets, making it first red state to face federal scrutiny

The commission has now sued nine states in total in its battle to defend what it sees as its exclusive right to regulate event contracts.

US stocks slide, as Wall Street gets AI wake-up call

Wall Street got a reality check as a bruising sell-off in several technology giants fuelled concern the artificial intelligence frenzy that has powered the equity bull market might be overblown. The tech rout engulfed global stocks as worries about frothy valuations ignited a fresh bout of volatility after a nearly three-month surge in riskier assets. The S&P fell 1.4 per cent. The benchmark index is coming off 11 weekly gains out of the last 12, led largely by technology stocks. The Dow Jones..

Alibaba sues Pentagon over China military blacklist

Chinese technology and e-commerce giant Alibaba Group Holding has sued the US Department of Defence, seeking to be removed from a blacklist of companies deemed to support China’s military. In a lawsuit filed on Tuesday in a district court in San Jose, California, the Hangzhou-based company said the Pentagon had added Alibaba to a list of companies that allegedly aid the People’s Liberation Army without providing substantial evidence or explanation. The Pentagon’s move violated constitutional due

Senate backs Iran war powers resolution as GOP pressure grows on Trump's deal to end war

Senate Republicans want more details on Trump’s Iran deal as questions swirl around sanctions relief, nuclear restrictions and congressional approval.

US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 765,000 barrels in the week ending June 19. In the week prior, US crude oil inventories fell by 8.33 million barrels. Although commercial crude oil inventories excluding the SPR have been falling rapidly for the last 2+ months, shedding 53 million barrels over the last ten weeks, US crude inventories are only down 2.1 million barrels so far this year, according to API data, kept in check by d

Alan Greenspan’s most important achievement is often overlooked

Social Security urgently needs another “Greenspan Commission” to save it

The ‘Magnificent Seven’ correction may actually be a sign of a healthy stock market

The Big Tech grouping officially fell into correction territory on Tuesday as mounting concerns about AI spending weighed down the group.

US targets Cuba mining sector in move with implications for China-linked supply chains

The Trump administration expanded its sanctions campaign against Cuba on Tuesday, targeting a state-owned mining company and other key economic entities in a move that comes as Washington seeks to build alternative supply chains for critical minerals and reduce reliance on geopolitical rivals. US Secretary of State Marco Rubio announced sanctions against five entities and one individual, including state-owned mining company GeoMinera, which oversees foreign-backed mining ventures and manages...

An off-grid power project gets a major proof of concept. What it means for GE Vernova

AI data centers powered by off-grid power plants took a major step forward this week, a good sign for GE Vernova as industry challenges pile up.

FedEx posts strong earnings results in last quarter with freight business

FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin-off.