Massive bonuses for South Korea’s chip workers puts central bank on inflation alert
Workers from tech industries receive bonus worth millions of won, prompting the Bank of Korea to warn of the upward pressure to inflation.
At least five killed in Israeli strikes on south Lebanon despite ceasefire
Lebanese state news agency NNA said Israeli warplanes and drones carried out a series of strikes across the Nabatieh area overnight and into Saturday morning.
Iran closes Strait of Hormuz again and says its negotiating team is heading to Switzerland
Iran’s joint military command said the Strait of Hormuz was closed, citing in part U.S. “bad faith” and “its clear breach of its commitments.”
Trump tells Axios he no longer views Anthropic as a national security threat
Anthropic last week disabled access to its most advanced models, Fable 5 and Mythos 5, after Trump ordered it to block foreign nationals from accessing them.
Meloni slams Trump’s claim she ‘begged’ for a photo with him as Italy’s top diplomat cancels U.S. trip
Italian Foreign Minister Antonio Tajani abruptly canceled a planned trip to the U.S., calling Trump’s claims “serious and offensive” toward Meloni and Italy.
Oil tanker traffic in Strait of Hormuz jumps after U.S. and Iran implement deal to open sea lane
The U.S.-Iran deal has raised questions about how the Strait of Hormuz will be governed after the toll-free period ends.
The riskiest SpaceX stock trade of all had a big first week
SpaceX’s IPO did not just mint the biggest debut in market history and a trillionaire, but it also triggered a historic land grab in risky leveraged ETFs.
NetJets’ first fatal crash kills influential Texas VC founder
NetJets is not speculating on what caused one of its planes to crash onto a highway in Laredo, Texas late Tuesday, killing a prominent tech entrepreneur.
Jio Platforms eyes low-orbit satellite rollout as Starlink awaits India launch
Jio Platforms, India’s largest telecom operator and digital services company, wants to rollout statelite communication in the country where Starlink still awaits launch.
Memory crisis hits such extremes that ‘even Apple can’t be safe’
Apple appears poised to take the rare step of increasing prices to deal with what CEO Tim Cook called an “unsustainable” memory shortage.
