EBRD warns Iran war may cut growth by 0.4 points

The European Bank for Reconstruction and Development cautioned Tuesday that the ongoing Middle East conflict threatens economic growth across its regions. Higher energy costs, supply chain disruptions, and tighter financial conditions pose risks. Forecasts could drop 0.4 percentage points if oil prices stay elevated. In its report "Potential......

Used EV sales surge across Europe as Iran war spikes fuel prices

Europeans rush toward used electric vehicles as Iran war-driven gasoline price spikes bite. Online car sales platforms report sharp demand increases continent-wide. Consumers seek cheaper, immediate EV alternatives amid fuel cost surges. The conflict began February 28 with US and Israeli strikes on Iran. These disrupted the Strait of Hormuz,......

Bridgewater weathers macro hedge fund rout amid Iran war

March proved brutal for major global macro hedge funds as fallout from US-Israeli strikes on Iran rocked world markets. Bridgewater Associates largely sidestepped the damage. Its flagship $92 billion Pure Alpha strategy fell less than 1 percent for the month through last Friday, a person familiar with the fund told Business Insider. Rivals......

War in Iran disrupts $19 billion used car trade in Asia

US and Israeli military strikes on Iran since February 28 have thrown Asia's $19 billion used car export industry into disarray. Ships avoid the Middle East, stranding cargoes at sea and overwhelming ports from Sri Lanka to China. Dealers feel the impact acutely. Umar Ali Hyder Ali runs Yokohama-based Kobe Motor, which ships about 18,000......

Rice University researchers recover 95% of battery metals using plasma and citric acid

Researchers at Rice University have developed a new lithium-ion battery recycling method that recovers nearly 95 percent of valuable metals by combining microwave-induced plasma with citric acid, the same compound found in lemons. The patented process, published in the journal Advanced Materials, offers a less energy-intensive and chemically......

Gold falls below $4,500 as Iran rejects U.S. ceasefire plan, oil holds above $100

Gold dropped below $4,500 an ounce Thursday morning while oil prices remained elevated above $100 a barrel, as markets absorbed the collapse of a U.S. ceasefire proposal to Iran and the continued military conflict in the Middle East. The Trump administration transmitted a 15-point ceasefire plan to Iran through Pakistani intermediaries earlier......

IBM quantum computer matches lab data in materials simulation

IBM announced Thursday its quantum computer accurately simulated a real magnetic material's behavior. Results matched neutron scattering experiments from national labs. Researchers once deemed this beyond current quantum hardware. The breakthrough advances quantum computing as a practical tool for scientific discovery. The study targeted......

Dollar slips in Asia as Iran diplomacy doubts trim Fed hike bets

The US dollar eased slightly in Asian trading Thursday. Investors parsed prospects for diplomatic efforts to de-escalate the US-Israel-Iran conflict. Expectations for Federal Reserve rate hikes by year-end fell. The US dollar index, tracking the currency against six major peers, dropped 0.1 percent. It hovered near 99.5 after its biggest......

US lawmakers propose bill to ban Chinese humanoid robots in government

Two U.S. senators, Tom Cotton and Chuck Schumer, plan to introduce the American Security Robotics Act, aimed at prohibiting the federal government from purchasing or operating humanoid robots produced by Chinese companies. The proposed legislation would also block federal funding related to these robots, citing national security concerns.......

Google TurboQuant breakthrough shakes memory chip stocks amid AI shift

Google unveiled a new set of compression algorithms that sharply reduce the memory footprint of large language models, triggering an immediate selloff in memory and storage chip stocks. The system includes TurboQuant, PolarQuant, and Quantized Johnson Lindenstrauss. These tools focus on the key value cache, a component used during AI inference......

Salesforce shares fall as Anthropic expands Claude AI capabilities

Salesforce shares dropped 5.8 percent on Tuesday after Anthropic said its Claude assistant can now control a user’s computer to perform tasks. The move renewed concerns that autonomous AI agents could weaken traditional enterprise software models. The stock decline extends a difficult year for the CRM company. Shares are down about......

Asian markets fall as Iran rejects us ceasefire proposal

Asian stock markets declined and oil prices rose on Thursday after Iran rejected a US-backed ceasefire proposal, dimming hopes for a swift resolution to the conflict now entering its fourth week. Japan’s Nikkei 225 slipped 0.3 percent, while South Korea’s Kospi dropped 1.9 percent. Hong Kong’s Hang Seng fell 1.4 percent......

Stanford study links us emissions to $10 trillion global climate damage

A study from Stanford University finds that greenhouse gas emissions from the United States have caused more than 10 trillion dollars in global economic damage since 1990. The research, published in Nature, introduces a new method that connects emissions from countries, companies, and individuals to measurable economic losses worldwide. The......

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