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Yuan strengthens as China advances digital currency expansion

The Chinese yuan exceeded the key threshold of 7 per dollar for the first time since September 2024, signaling renewed confidence in the nation’s currency strategy. The offshore yuan reached 6.9985 against the U.S. dollar on Thursday after the People’s Bank of China (PBOC) set its daily midpoint at 7.0471, marking its strongest......

OpenAI’s rising costs challenge ambitions despite margin surge

OpenAI has sharply improved its compute margins, doubling them from around 35 percent in early 2024 to nearly 70 percent by late 2025. The improvement, driven by optimized model performance, reduced reliance on rented computing resources, and the introduction of premium subscription tiers, underscores the company’s push toward profitability......

Macron visits the UAE to celebrate Christmas with French troops

French President Emmanuel Macron began an official visit to the United Arab Emirates on Sunday, where he is spending Christmas with French troops stationed in the Gulf country. The trip also aims to strengthen strategic cooperation between Paris and Abu Dhabi, particularly in security and defense matters. Upon his arrival in Abu Dhabi, Macron......

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