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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, 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 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......
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 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 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......
Amazon said it resolved a widespread service disruption on Thursday after a technical issue prevented tens of thousands of customers from completing purchases, viewing prices, or accessing their accounts for several hours. The outage began around 2 p.m. Eastern Time on March 5 and lasted roughly six hours. Reports tracked by the monitoring......
Scientists from the University of Warwick and the Massachusetts Institute of Technology have directly observed how microscopic networks on catalyst surfaces coordinate chemical reactions, challenging long standing assumptions about how catalysts function. The discovery could accelerate the development of cleaner fuels and energy technologies. The......
Iranian intelligence officials have indicated a willingness to open discussions with the US Central Intelligence Agency in an effort to end the five day conflict between Iran and the US Israeli coalition, according to a report by The New York Times. The diplomatic signal briefly lifted financial markets but was met with strong skepticism in......
Iranian director Jafar Panahi has said he intends to return to Iran immediately after attending the Oscars ceremony on March 15, despite facing a one year prison sentence imposed by a Tehran court. Speaking during an interview with Jon Stewart on The Daily Show, the filmmaker described the risks faced by artists who criticize the Iranian authorities. During......
Elon Musk has reclaimed the title of the world’s richest person for the fifth time in six years, according to the Hurun Global Rich List 2026. The Tesla and SpaceX chief now holds an estimated fortune of $792 billion, marking an annual increase of 89 percent and making him the first individual to surpass the $700 billion wealth threshold. The......
Rising oil prices driven by escalating tensions in the Middle East are sending shockwaves through global economies, raising concerns about slower growth, higher inflation, and tighter monetary policy if crude prices remain elevated. Governments and central banks from Europe to Asia are confronting mounting energy costs and narrowing policy......
The Central Bank of the United Arab Emirates sought to reassure investors as tensions escalated in the Gulf, with Governor Khaled Mohamed Balama stating that the country’s financial system remains resilient despite Iranian missile and drone strikes. In an official statement, Balama said the UAE’s banking and financial sector is......
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