EU says United States will honor Turnberry trade deal despite tariff dispute

European Trade Commissioner Maros Sefcovic said the United States has assured the European Union it will respect the terms of the Turnberry trade agreement, despite new tariff measures that risk undermining the deal’s central provision of a 15 percent tariff ceiling. Speaking in Toronto on Thursday, Sefcovic said he had received direct......

US dollar pares gains after February payrolls fall short of expectations

The U.S. dollar eased against major currencies on Friday after official data revealed an unexpected drop in payrolls for February, raising speculation that the Federal Reserve may lower interest rates sooner than anticipated. Weak jobs data According to government statistics, the U.S. economy lost 92,000 jobs in February following a downward......

Iranian AI disinformation campaign escalates during conflict

Iranian state media and pro Iran social media accounts have intensified the use of AI generated images and videos since hostilities began between US and Israeli forces and Iran in late February, according to a report that describes a fast moving online campaign built around false claims of successful strikes on American and Israeli military......

Global investors shift toward international stocks as BofA predicts new market order

Global investors are directing significantly more capital toward international equities than US stocks for the first time in nearly a decade, a trend Bank of America analysts describe as the emergence of a “new world order” in financial markets. Data cited by Bloomberg from a Bank of America report show that about $104 billion......

Dozens of French ships stranded as Strait of Hormuz crisis deepens

France said dozens of its vessels are trapped in the Persian Gulf as the escalating conflict involving Iran, the United States, and Israel effectively shuts down the Strait of Hormuz, one of the world’s most critical maritime chokepoints. French Transport Minister Philippe Tabarot said Friday that 52 French ships are currently stranded......

European stocks rise as oil eases after strongest weekly surge since 2022

European stock markets opened higher on Friday while oil prices edged lower, offering investors brief relief after a week of sharp volatility driven by the escalating conflict involving Iran. The broader market mood remained cautious as the confrontation between the United States and Israel on one side and Iran on the other continued to disrupt......

FIFA reviews World Cup security with Mexico after cartel violence

FIFA representatives met Mexican government officials in Mexico City on Wednesday to assess security arrangements for the 13 World Cup matches scheduled in Mexico this summer, following weeks of concern over cartel violence triggered by the killing of drug cartel leader Nemesio Oseguera Cervantes, known as El Mencho. The meeting brought together......

Asian markets mixed as Iran conflict enters seventh day

Asian financial markets ended a volatile week with mixed results on Friday as oil prices eased slightly after days of sharp swings triggered by the escalating conflict involving Iran. The fighting, now in its seventh day, has disrupted global energy flows and unsettled investors across major asset classes. The turmoil began after the United......

Jimmy Lai drops appeal against 20 year prison sentence in Hong Kong

Jimmy Lai, the 78 year old founder of the now closed Hong Kong newspaper Apple Daily, has decided not to appeal his conviction or his 20 year prison sentence under Beijing’s national security law, his legal team confirmed Friday, bringing one of the city’s most closely watched legal cases to a conclusion. Lawyers representing......

Physicists create first computer model of long theorized ideal glass

Physicists at the University of Oregon have produced the first computer model of an “ideal glass,” a theoretical form of matter in which molecules are packed as tightly and stably as possible while still maintaining the disordered structure typical of glass. The achievement, reported in Physical Review Letters, addresses a scientific......

Euro risks falling below parity with dollar if Iran war drags on

The euro has dropped to around $1.16 against the US dollar, its lowest level since late 2024, as escalating conflict involving Iran pushes investors toward safe haven assets and raises fears of stagflation across energy dependent European economies. The currency’s decline accelerated following joint US and Israeli strikes on Iran in......

SoftBank seeks record $40 billion loan to expand investment in OpenAI

SoftBank Group is seeking a loan of up to $40 billion to finance a major expansion of its investment in OpenAI, according to Bloomberg. If completed, the deal would represent the largest dollar denominated borrowing in the Japanese conglomerate’s history. The financing is expected to take the form of a 12 month bridge loan backed by......

Microsoft unveils Project Helix, next generation Xbox with PC gaming support

Microsoft Gaming chief executive Asha Sharma announced Wednesday that the company’s next generation Xbox console is operating under the codename Project Helix, confirming the device will support both Xbox and PC games in what could become the company’s most ambitious hardware platform. Sharma said the console will focus on top......

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