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Goldman Sachs raises oil forecasts as Hormuz crisis disrupts supply

Goldman Sachs has sharply increased its oil price outlook for 2026, citing what it describes as the largest supply shock in history driven by the near-total disruption of flows through the Strait of Hormuz. The bank now expects Brent crude to average $85 per barrel this year, up from a previous forecast of $77, while West Texas Intermediate......

KPMG introduces AI kill switches amid rising autonomous agent risks

KPMG has introduced a comprehensive safety framework for autonomous artificial intelligence agents, including emergency shutdown mechanisms, as companies accelerate deployment of AI systems across business operations. The firm’s approach treats AI agents as managed entities, each assigned a unique identity and tracked through internal......

Berkshire Hathaway buys $1.8 billion stake in Tokio Marine

Berkshire Hathaway has acquired a 2.5 percent stake in Japan’s largest insurer, Tokio Marine Holdings, in a deal valued at about $1.8 billion, marking a new strategic partnership between the two companies. Tokio Marine said it would sell treasury shares worth 287.41 billion yen to National Indemnity, Berkshire’s main reinsurance......

Bitcoin rally could trigger $5 billion short squeeze near $75,000

Around $5 billion in short cryptocurrency positions could face liquidation if Bitcoin rises to $75,000, highlighting a key pressure point in the derivatives market that could accelerate price gains. Bitcoin was trading near $69,000 on March 22 after retreating from a brief move above $75,000 earlier in the month. The $75,000 level has emerged......

“Like a woman” campaign promotes global recognition of female leadership

A global digital campaign titled “Like a Woman” has been launched to highlight and promote women’s leadership, coinciding with International Women’s Day 2026. Led by United Nations General Assembly President Annalena Baerbock, the initiative aims to reshape long-standing stereotypes and position women’s leadership......

IAEA chief says war cannot eliminate Iran nuclear program

The head of the United Nations nuclear watchdog has warned that military action cannot fully dismantle Iran’s nuclear program, stressing that only diplomacy can address the long-term risks. Rafael Grossi, director general of the International Atomic Energy Agency, told CBS News that no conventional war could erase Iran’s nuclear......

US stock futures drop as Middle East tensions shake rate-cut expectations

U.S. stock index futures fell on Monday as escalating tensions in the Middle East fueled concerns over energy infrastructure and sent oil prices soaring above $100 a barrel. The heightened conflict prompted investors to reassess expectations for Federal Reserve interest rate cuts, reducing optimism for monetary easing this year. Iran’s......

Taiwan opposition leader says improving China ties doesn’t mean being anti-US

Taiwan’s opposition leader, Cheng Li-wun, emphasized on Monday that enhancing relations with Beijing does not require being hostile toward the United States. Speaking at the Taiwan Foreign Correspondents’ Club, Cheng highlighted the importance of stable cross-strait relations for Taiwan’s security and survival. Cheng, elected......

Avian flu outbreaks surge globally as spring migration begins

Avian influenza cases are rising across multiple regions as migratory birds begin their annual spring movement, triggering mass culling operations and tighter biosecurity measures in North America, Europe and Asia. In the United States, more than 14.3 million birds across 84 farms have been infected since the start of 2026, according to federal......

Elon Musk announces ambitious AI chip manufacturing project

American billionaire Elon Musk has unveiled plans for a groundbreaking project to manufacture electronic chips dedicated to artificial intelligence, robotics, and space-based data centers. The facility, named “Terafab,” will be located near Austin, Texas, with the goal of producing one terawatt of computing power per year—roughly......

China urged to cut forex reserves and reduce US Treasury holdings

A Chinese academic report is calling for Beijing to scale back its massive foreign exchange reserves, including its holdings of US Treasury bonds, arguing that the rising global role of the yuan could replace many functions traditionally supported by large dollar reserves. The report, published by the International Monetary Institute at Renmin......

Global energy crisis surpasses 1970s shocks amid Iran standoff

The world is facing an energy crisis more severe than the combined oil shocks of the 1970s, the International Energy Agency warned, as tensions between the United States and Iran escalate over control of the Strait of Hormuz. The warning comes as US President Donald Trump issued a 48-hour ultimatum threatening to destroy Iranian power plants......

Nvidia CEO criticizes AI layoffs as lack of vision

Nvidia chief executive Jensen Huang has criticized technology leaders who cut jobs in the name of artificial intelligence, arguing that such decisions reflect a lack of long-term thinking and creativity. Speaking to CNBC’s Jim Cramer during Nvidia’s annual GPU Technology Conference in San Jose, California, Huang said companies......

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