Saylor says Strategy may sell Bitcoin to pay dividends in policy shift

Michael Saylor told investors on Tuesday that Strategy could sell Bitcoin under certain conditions, marking a notable departure from the company's long-standing accumulation-only posture. The comments came during a first-quarter 2026 earnings call that revealed a net loss of $12.54 billion, driven almost entirely by unrealized declines......

BMW reaches 2 million electric vehicles, doubling output in just two years

BMW Group announced Tuesday that it had produced its two millionth fully electric vehicle, a Tanzanite Blue BMW i5 M60 xDrive sedan assembled at its Dingolfing plant in Germany and destined for a customer in Spain. The milestone marks a dramatic acceleration in the company's electrification trajectory and underscores how quickly its manufacturing......

Study finds life relied on rare molybdenum metal 3.4 billion years ago

Primitive microbes were using molybdenum, a metal that was extremely scarce in the oxygen-poor oceans of early Earth, billions of years before it became widely available, according to a new study published in Nature Communications. The finding challenges a long-standing assumption that life first depended on tungsten before switching to molybdenum,......

Brazil’s President Lula to meet Trump to discuss economic and security issues

Brazilian President Luiz Inácio Lula da Silva is expected to meet U.S. President Donald Trump on Thursday to discuss key economic and security matters, according to official sources. The meeting aims to strengthen dialogue between the two nations, despite longstanding differences on major global issues. Diverging views on global policy The......

Iran war drives global inflation surge as central banks reverse course

Two months into the conflict in the Middle East, the economic fallout from the war in Iran has spread well beyond energy markets, rippling through petrochemicals, manufactured goods, food, and consumer products as companies pass rising costs onto buyers and central banks around the world prepare to tighten monetary policy. The war, which......

Amazon opens access to Claude Code and Codex for all employees

Amazon has officially extended access to Anthropic's Claude Code and OpenAI's Codex to its entire workforce, reversing months of internal policy that had restricted engineers to the company's homegrown coding assistant Kiro and required special authorization for any third-party AI tool. The shift was announced in an internal memo......

China says wider US sanctions on Cuba are ‘Illegal’

China has strongly criticized the United States over its decision to broaden sanctions against Cuba, calling the measures “illegal” and inconsistent with international law. Beijing urged Washington to immediately end its decades-long embargo on the island. Response to US policy shift The reaction comes after the United States......

Crypto exchange Bullish to buy Equiniti in $4.2 billion deal

Cryptocurrency exchange operator Bullish has announced plans to acquire global transfer agent Equiniti in a deal valued at $4.2 billion, according to a statement released on Tuesday. The transaction marks one of the largest moves by a crypto-related company into traditional financial infrastructure. Deal structure and valuation The agreement......

Citigroup to announce new profit targets at investor day, CEO says

Citigroup is expected to present updated medium-term profit targets during its upcoming investor day on Thursday, according to CEO Jane Fraser. The announcement will highlight the bank’s ongoing transformation, aimed at improving efficiency, reducing costs, and increasing revenues. Strategic restructuring and performance goals Over......

Wildfires rage across Arizona and Europe in an unusually early and intense season

Wildfires are burning across multiple continents well ahead of the traditional summer peak, as prolonged drought and rising temperatures fuel an unusually early and aggressive fire season in both the United States and Europe. In Arizona, the Hazen Fire west of Phoenix near Buckeye had burned through 980 acres with zero containment as of May......

Ineos and Shell partner to explore new oil and gas opportunities in the Gulf of Mexico

Energy companies INEOS Energy and Shell PLC have announced a joint initiative to explore new oil and gas opportunities in the Gulf of Mexico. The collaboration aims to expand offshore exploration and production activities in the region. Focus on offshore exploration The partnership will focus on areas close to existing infrastructure, particularly......

AI-generated "podslop" now accounts for 39 percent of new podcast submissions

Nearly four in ten new podcasts added to major directories over a recent nine-day period were likely created by artificial intelligence, according to new data from Podcast Index, an open-source platform that tracks the global podcasting ecosystem. The flood of machine-generated audio content, increasingly referred to as "podslop,"......

Volvo cars reports decline in sales despite growth in electric vehicle segment

Swedish automaker Volvo Cars has reported a decline in global sales for the period between February and April, reflecting ongoing challenges in the automotive industry. The company sold over 160,000 vehicles during the three-month period, marking a drop compared to the same timeframe last year. Regional performance varies The company highlighted......

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