SoftBank seeks record $40 billion loan to expand investment in OpenAI

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 unveils Project Helix, next generation Xbox with PC gaming support

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 restores service after six hour shopping outage linked to software error

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......

New imaging technique reveals microscopic networks behind catalyst reactions

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......

Iran signals willingness for CIA talks to end war, NYT reports

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 filmmaker Jafar Panahi says he will return to Iran after Oscars

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 tops Hurun rich list with $792 billion as billionaire ranks surge

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......

Oil price surge threatens Germany with $46 billion economic hit, warns IW

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......

UAE central bank reassures markets as Iranian strikes rattle region

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......

Canadian dollar rises against European currencies as oil prices surge

The Canadian dollar strengthened against several major European currencies this week as crude oil prices climbed sharply amid escalating tensions involving Iran, the United States and Israel. The USD/CAD exchange rate traded near 1.3660 on Wednesday, with the Canadian dollar holding firm even as global safe haven demand supported the US currency. The......

Investors keep buying emerging market ETFs despite sharp market selloff

Investors continued pouring money into emerging market exchange traded funds on March 3 despite a sharp global market correction triggered by escalating geopolitical tensions linked to Iran. The MSCI Emerging Markets Index recorded its steepest one day decline since April, reflecting a broad selloff across developing market assets. Stocks,......

Sony ends PC releases for major single player PlayStation games

Sony Group Corp. will stop releasing its major single player PlayStation 5 titles on PC, ending a six year experiment with cross platform launches that the company now considers commercially ineffective, according to Bloomberg. The decision means several high profile games will remain exclusive to the PS5. These include last year’s......

Forty years of data reveal subtle shifts inside the Sun

Researchers analyzing more than four decades of solar observations have discovered that the internal structure of the Sun changes subtly between periods of low magnetic activity, a finding that could improve predictions of solar storms and their effects on Earth. A team from the University of Birmingham and Yale University examined over 40......

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