Mediterranean navigation season disrupted by weather and fuel crisis

The 2026 Mediterranean navigation season has opened under severe disruption as extreme weather events, aviation fuel shortages, and geopolitical tensions reshape maritime tourism across the region. Conditions that typically support stable growth in yacht charters and cruise activity have been replaced by operational uncertainty and rising......

Ingredion explores $3.7 billion takeover of Tate & Lyle

Ingredion is in discussions to acquire Tate & Lyle in a deal that could value the British ingredients group at about 2.74 billion pounds, or 3.7 billion dollars. The proposal, confirmed by Tate & Lyle, would rank among the largest transactions in the global food ingredients sector this year. The potential offer structure includes......

Asteroid 2026 JH2 passes closer than satellites near Earth flyby

An asteroid newly identified as 2026 JH2 is set to pass close to Earth on 18 May, reaching a distance of about 90,000 kilometers from the planet’s surface. That brings it closer than some satellites in higher Earth orbits, though scientists confirm there is no risk of impact. The object was detected only days before its closest approach......

Iran says Hormuz Strait remains open under naval coordination rules

Iranian Foreign Minister Abbas Araghchi said Thursday that the Strait of Hormuz remains open to all commercial shipping provided vessels coordinate with Iranian naval forces before transit. The comments were delivered on the sidelines of the BRICS foreign ministers meeting in New Delhi as tensions continue over the conflict involving Iran,......

Iran presses BRICS to condemn US and Israeli military campaign

Foreign ministers from the BRICS nations opened a two day summit in New Delhi on Thursday under the shadow of the conflict involving Iran, the United States and Israel. The meeting exposed growing divisions inside the expanded BRICS bloc as member states struggled to align their positions on the war that began on February 28. Hosted at Bharat......

Anthropic says Claude now writes most of the company’s code

Anthropic chief financial officer Krishna Rao said the company’s artificial intelligence model Claude now generates more than 90 percent of Anthropic’s internal code, underscoring how rapidly AI systems are reshaping software development and corporate operations. Rao made the comments during his first public podcast appearance......

Trump and Xi open Beijing summit with new trade council talks

Senior American and Chinese officials are discussing the creation of a new bilateral Trade Council and a separate Investment Council as President Donald Trump opened high-level talks with Chinese President Xi Jinping in Beijing. The proposals, confirmed Thursday by Treasury Secretary Scott Bessent, signal a new attempt to stabilize economic......

OpenAI and Anthropic escalate rivalry with free coding AI offers

OpenAI and Anthropic launched competing promotions for their artificial intelligence coding platforms on May 13, intensifying the battle for enterprise developers as demand for agentic software engineering tools accelerates across the technology sector. OpenAI moved first by offering eligible enterprise customers two months of free access......

Meta and Google fund US children’s groups amid rising concerns over social media risks

Technology companies Meta Platforms and Google have supported several well-known U.S. children’s organizations in educational initiatives focused on responsible technology use, even as concerns grow about the impact of social media on young users. Reports indicate that these companies have provided significant funding to groups such......

Cisco shares surge on strong revenue outlook and AI-driven restructuring

Cisco Systems, Inc. Cisco Systems saw a significant rise in its stock price after announcing an optimistic revenue forecast and a strategic shift focused on artificial intelligence. The company’s shares jumped sharply in premarket trading following investor reaction to its updated financial outlook. The technology giant revealed plans......

Donald Trump describes talks with Xi Jinping as “extremely positive and productive”

Former U.S. President Donald Trump described his recent discussions with Chinese President Xi Jinping as “extremely positive and productive,” highlighting a cautious tone of optimism in U.S.-China relations. Speaking at a formal banquet in Beijing, Trump stated that the meetings and conversations held earlier in the day with the......

Oil holds above 100 dollars as Trump Xi talks begin in Beijing

Oil prices stayed above the 100 dollar mark on Thursday as global markets focused on high level talks in Beijing between Donald Trump and Xi Jinping. Traders watched the meeting for any signal that could ease tensions linked to the Iran conflict and the disrupted flow of energy through the Strait of Hormuz. Brent crude traded around 106 dollars......

Cerebras set for stock market debut amid global ai investment boom

The U.S. semiconductor company Cerebras Systems is preparing for its stock market debut on the Nasdaq, as investor enthusiasm for artificial intelligence continues to drive strong demand for technology-related shares. The company’s initial public offering (IPO) is among the largest of the year, reflecting the growing appetite for firms......

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