Stellantis books €22 billion charge and suspends dividend after EV missteps

Stellantis revealed Thursday it will record about €22.2 billion in charges as part of a sweeping business reorganization, admitting the automaker vastly overestimated electric vehicle adoption rates and alienated customers in the process. This massive write-down ranks among the largest one-time hits in the global auto industry's ongoing......

Oil prices rise on US-Iran nuclear talks in Oman but head for weekly decline

Oil prices edged higher on Friday as critical nuclear negotiations between the United States and Iran kicked off in Oman, though benchmarks remained on track for their first weekly drop in six weeks. Markets cautiously shed weeks of built-up geopolitical risk premiums amid escalating tensions between the two nations. Brent crude climbed more......

Gold prices dip below $5,000 after Fed official's cautious rate cut remarks

Gold prices fell sharply on Thursday, dropping below the $5,000 per ounce mark as a stronger US dollar and cautious signals from Federal Reserve officials dampened investor enthusiasm for the precious metal. Spot gold traded between $4,835 and $4,920 during the session, marking a decline of more than 2 percent from the previous close, according......

EU tests Matrix protocol to replace US communication platforms

The European Union ramps up efforts to slash reliance on American technology amid geopolitical tensions with Washington that expose digital vulnerabilities. France plans to migrate 2.5 million public servants from platforms like Zoom and Microsoft Teams to a national videoconferencing solution by 2027, while the European Commission now tests......

Italian police gain preemptive arrest powers before protests

The Italian government approved a sweeping security decree Thursday granting police authority to detain suspected troublemakers up to 12 hours before public demonstrations, a move civil liberties groups denounced as a constitutional rights violation. The cabinet acted one day before planned protests coinciding with the Milan-Cortina Winter......

Iran and United States open nuclear talks in Oman

Iran and the United States began a new round of nuclear-related discussions on Friday morning in Oman, marking a cautious diplomatic step amid heightened regional tensions and persistent uncertainty over the future of Tehran’s nuclear program. The talks represent the first direct engagement between the two sides since a period of intense......

US ambassador cuts ties with Polish parliament leader over Trump criticism

The US ambassador to Poland has severed all contact with the Polish parliament president, accusing him of insulting President Donald Trump after he criticized the president's policies and refused to back his Nobel Peace Prize nomination. Ambassador Tom Rose announced on X that there would be "no further contact, relationship, or......

Martian meteorite hides ancient water reservoir

A new study uncovers previously hidden hydrated minerals inside one of Earth's most famous Martian meteorites, providing direct evidence that liquid water once permeated the Red Planet billions of years ago. Led by Estrid Buhl Naver from the Technical University of Denmark, researchers employed advanced non-destructive scanning techniques......

Global stocks plunge on tech rout and Korean trading halt

World markets tumbled Thursday as a brutal U.S. tech selloff extended into a third day, pushing the S&P 500 into negative territory for 2026 and dragging Bitcoin to levels unseen in over a year. The Dow Jones Industrial Average shed 593 points or 1.2%, while the S&P 500 also dropped 1.2%. The Nasdaq Composite fell 1.6%, its worst two-day......

Deutsche Bank sees Bitcoin selloff as fading conviction

Deutsche Bank analysts attribute Bitcoin's sharp decline this year not to a single macroeconomic shock but to a gradual erosion of institutional and regulatory confidence. In a note released Wednesday, they highlighted three key drivers: sustained outflows from spot Bitcoin exchange-traded funds, a breakdown in the cryptocurrency's......

Finland urges US to avoid calling Ukraine commitments 'like Article 5'

Finland has quietly pressed the United States not to describe potential future security commitments to Ukraine as similar to NATO's Article 5, warning such language risks undermining the alliance's core collective defense principle, according to a State Department cable obtained by Politico. Finnish Foreign Minister Elina Valtonen......

US and China accelerate 'stormy divorce' in strategic sectors

The United States and China are methodically untangling economic ties in strategic sectors like semiconductors, food, and energy, in what the Wall Street Journal calls a "stormy divorce" between the world's two largest economies. China has committed about $1 trillion since early 2024 toward economic self-reliance, funneling......

German chancellor Merz tours Gulf to diversify from US LNG dependence

Europe's reliance on liquefied natural gas from the United States and Russia surged to nearly 80 percent in January 2026, per Kpler analytics data, alarming European officials over the bloc's failure to diversify suppliers despite years of post-Ukraine invasion efforts. The United States accounted for 60 percent of EU LNG imports......

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