Vessel struck in Strait of Hormuz, UKMTO says, as prospects for U.S.-Iran diplomacy appear elusive
The latest strike happened ahead of an expected meeting between Iranian and Gulf officials in Oman to sign an agreement for shipping through the strait.
Xi says China will take lead to foster AI, tech cooperation among BRICS countries
China will take the lead to help foster artificial-intelligence collaboration and development among developing-economy countries, President Xi Jinping said.
China’s Xi urges BRICS nations to work towards peace in the Middle East
China, Iran’s biggest trading partner and a key customer of Tehran’s energy exports, is willing to work with BRICS towards peace in the region, Xi said.
OpenAI rules out IPO this year as Altman, Musk & Amodei warn AI is moving too fast
Altman’s IPO comments and Amodei’s public call for more careful pacing of AI development cap a week of loud AI warnings.
Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
Oracle founder Larry Ellison has canceled his plan to sell up to $7.5 billion worth of stock in the software company.
Indian Prime Minister Modi says border peace is key to India-China ties
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping addressed concerns around border dispute and the trade imbalance.
Trump sees Iran war ending soon after midterm elections, predicts oil prices will then fall sharply
Oil prices retreated on Friday on hopes of a resumptions in negotiations, but notched sharp weekly gains after soaring above $100 a barrel.
Inflation is outpacing wage growth again, squeezing Americans’ paychecks
In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.
