Oil shock widens inflation gap between emerging and developed markets
The oil shock from six weeks of U.S.-Iran war drives consumer prices higher in advanced economies, while much of the developing world stays sheltered, widening inflation divergence and reshaping global bond outlooks. Heading into 2026, emerging market inflation stabilized near central bank targets, backed by high real rates and strong currencies.......
African firms rush to prepare for China's zero-tariff regime starting May 1
China's plan to eliminate customs duties on imports from 53 African nations takes effect May 1, just weeks away, reshaping trade diplomacy across two continents. The move draws sharp reactions from Western capitals viewing it as Beijing expanding economic sway under a development banner. President Xi Jinping announced the policy in a February......
OpenAI memo claims Microsoft limited reach as Amazon demand surges
An internal OpenAI memo by revenue chief Denise Dresser portrays the partnership with Amazon Web Services as a key driver of enterprise growth, while candidly admitting the long-standing Microsoft tie has "limited our ability" to serve customers on their preferred cloud platforms. Dresser, who joined OpenAI in December after leading......
Leaked screenshots show Anthropic building app creator inside Claude
Screenshots circulating on X over the weekend appear to reveal Anthropic testing an internal full-stack app generator directly within its Claude chatbot. The feature would pit the AI company against vibe-coding startups like Lovable. Images depict a chat interface with the slogan "Let's ship something great," enabling users to......
China's Q1 GDP growth forecast to rebound to 4.8% despite Iran war risks
China's economy gained momentum in the first quarter of 2026, but economists warn the ongoing Iran war could drag growth for the rest of the year as energy costs rise and global demand weakens. A Reuters poll of 50 economists published Monday projects gross domestic product expanded 4.8 percent year-on-year from January to March, up from......
Eni CEO urges EU to rethink Russian gas ban before April 25 deadline
Claudio Descalzi, CEO of Italian energy giant Eni, called on the European Union Sunday to reconsider its plan to phase out Russian gas imports starting in early 2027. He warned the bloc lacks clear alternatives to replace the supplies it plans to cut. Speaking at a League party event, Descalzi questioned how Europe could substitute about 20......
Revolution Medicines drug nearly doubles survival in pancreatic cancer trial
Revolution Medicines announced Monday that its oral anticancer drug daraxonrasib almost doubled overall survival for patients with previously treated metastatic pancreatic cancer compared to standard intravenous chemotherapy. The results sent the company's stock up more than 30 percent in premarket trading. In the phase 3 RASolute 302......
Magyar demands radical purge after Orbán's crushing defeat in Hungary
Peter Magyar's center-right Tisza party ended Viktor Orbán's 16-year grip on power Sunday with a supermajority win in Hungary's parliamentary elections. Tisza secured 138 of 199 seats, surpassing the 133 needed to amend the constitution, while Fidesz dropped to 55 seats. Turnout hit a record 77.8 percent as more than 98......
Google CEO Pichai urges US to lead in AI development
Sundar Pichai, Google CEO, called on the United States to take the lead in artificial intelligence during a Sunday appearance on 60 Minutes. He advocated developing AI boldly and responsibly so every American benefits. The interview capped a flurry of AI advances for Google, including rapid upgrades to its Gemini models and expanded open-source......
AI system maps ocean currents hourly using existing weather satellites
Scientists have developed Geostationary Ocean Flow, or GOFLOW, a deep learning system that converts images from existing weather satellites into hourly ocean current maps. This approach captures fast-moving small-scale eddies previously hard to observe. The method appears in a study published Monday in Nature Geoscience. The system, codirected......
Spring-summer 2026 fashion weeks reveal vibrant color palette
Fashion weeks for spring-summer 2026 showcased a diverse color range that blends calming natural tones with energetic accents. Designers drew from Pantone forecasts and runway trends in New York, London, Milan, and Paris to emphasize personal expression and optimism. These choices reflect a post-pandemic push for joy and escape through bold,......
Gen Z rejects intensity for measured indoor living in 2026
Generation Z favors home-based routines over high-risk adventures. Fewer young people suffer sprains and fractures, as hospital data shows. Paris psychologist Valentine Hervé cites doctors who observe teens and young adults avoid outings that lead to skateboarding falls or dance mishaps. This shift cuts medical risks but signals a cultural......
RAVE token surges 2,000 percent as analysts flag market manipulation
The RAVE token linked to RaveDAO surged from about $0.30 to above $6.20 between April 10 and April 13, triggering concerns among analysts who say the rally shows signs of coordinated market manipulation targeting retail traders. Onchain researchers reported that the sharp move, representing gains of more than 2,000 percent in less than a......
Bitcoin short squeeze risk rises as open interest nears $25 billion
Bitcoin is showing conditions often linked to a potential short squeeze, as derivatives positioning becomes increasingly tilted toward bearish bets. Data from CryptoQuant indicates that Bitcoin open interest climbed to around $24.2 billion, a five week high. At the same time, funding rates dropped to their most negative levels since early......
US naval blockade of Iranian ports takes effect after failed talks
The United States Central Command began enforcing a naval blockade on all maritime traffic to and from Iranian ports on Monday at 10 a.m. Eastern Time, following the collapse of negotiations between US and Iranian officials in Islamabad. The move came hours after nearly 21 hours of talks between US Vice President J.D. Vance and Iranian representatives......