Dollar climbs past 157 yen after inflation shocks markets

The U.S. dollar surged against the Japanese yen on Tuesday, with the USD/JPY pair rising to 157.60 after stronger than expected U.S. inflation data reinforced expectations that the Federal Reserve could keep interest rates higher for longer. The move accelerated as geopolitical tensions linked to the fragile ceasefire discussions between Washington......

SpaceX targets May 19 launch for Starship Version 3 debut

SpaceX is aiming for 19 May to conduct the first flight of Starship Version 3 from its Starbase facility in Texas. The mission, identified as Flight 12, will mark the debut of the upgraded launch system and the first use of the newly constructed Launch Pad 2, representing a major milestone in the company’s next-generation heavy launch......

US and China oppose Iranian transit fees in Strait of Hormuz

The United States and China have reached a rare point of diplomatic alignment by opposing Iran’s proposed transit charges for ships crossing the Strait of Hormuz. The position was confirmed by the US State Department ahead of a summit between President Donald Trump and Chinese President Xi Jinping, signaling limited but notable cooperation......

Volvo Cars open to US partnerships as it expands American production

Volvo Cars has said it is open to forming new partnerships in the United States as part of its strategy to strengthen production and make better use of its manufacturing capacity in the country. The Swedish automaker is seeking to expand cooperation with other industry players, particularly in assembly, sourcing, and supply chain operations,......

Rights groups call on Poland to suspend cooperation on U.S. deportation flights to Ukraine

Poland is facing renewed pressure from human rights organizations over its alleged role in facilitating the transit of deportation flights carrying Ukrainian nationals from the United States to Ukraine. International rights groups, including Amnesty International and Human Rights First, have urged Warsaw to halt any cooperation related to......

Alibaba misses revenue forecasts as AI spending weighs profits

Alibaba reported fourth-quarter revenue of 243.38 billion yuan for fiscal year 2026, marking a 3 percent year-on-year increase but falling short of market expectations of around 246.5 billion yuan. The result highlights continued pressure from heavy investment in artificial intelligence infrastructure and rapid commerce expansion, which is......

Beijing welcomes Donald Trump’s upcoming visit and calls for stronger cooperation

China has officially welcomed the upcoming state visit of former U.S. President Donald Trump to Beijing, signaling a willingness to strengthen diplomatic and economic cooperation between the two global powers. Chinese officials stated that the visit is seen as an opportunity to improve bilateral relations and promote greater stability in......

US SEC and Elon Musk to argue Twitter settlement before Washington judge

U.S. Securities and Exchange Commission and billionaire Elon Musk are set to appear before a federal judge in Washington, D.C., to seek approval of a settlement linked to Musk’s delayed disclosure of his investment in Twitter. The agreement concerns allegations that Musk waited too long in 2022 to reveal that he had acquired a significant......

Iran conflict shifts summer travel toward trains and nearby destinations

Travel patterns across Europe are being reshaped as the Iran conflict and wider regional instability push passengers to rethink summer plans. Many travelers are not cancelling trips but adjusting them, choosing closer destinations, shorter stays, and more flexible bookings. Rail travel is gaining ground as aviation costs and uncertainty rise......

Panasonic shifts toward AI infrastructure with major new investment plan

Panasonic Holdings announced a three year investment program worth 500 billion yen aimed at accelerating its expansion into artificial intelligence infrastructure, even as the Japanese conglomerate reported a sharp decline in annual earnings driven by restructuring costs and weaker electric vehicle demand. The company said it intends to capitalize......

Anduril doubles valuation after raising $5 billion in new funding round

Anduril Industries announced a major financial milestone after securing 5 billion dollars in a new investment round that doubled the company’s valuation to 61 billion dollars. The California-based defense technology company said the funding round was led by major venture capital firms Thrive Capital and Andreessen Horowitz. The investment......

Altman tells court Musk sought control of OpenAI before departure

Sam Altman testified Tuesday in federal court in Oakland, California, rejecting accusations from Elon Musk that he abandoned OpenAI’s original nonprofit mission. Altman told jurors that Musk himself pushed for long term control over the artificial intelligence company and supported turning the organization into a commercial operation......

NASA releases Perseverance’s westernmost Mars panorama and new rover selfie

NASA has unveiled a new collection of images captured by the Mars rover Perseverance, including a sweeping panorama of a region known as Arbot and the rover’s sixth selfie since landing on the Red Planet in 2021. The visuals were taken during the rover’s farthest westward journey beyond the rim of Jezero Crater and provide scientists......

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