Palantir CEO Alex Karp backs ousted Ukraine defense minister’s new defense tech startup
Fedorov is launching a defense tech company backed by Palantir CEO Alex Karp, aiming to turn Ukraine’s wartime experience into new technologies.
Nepal’s mountain tourism industry faces ‘serious warning’ after Himalayan flood disaster
Nepal’s devastating floods have raised fresh concerns for the country’s vital adventure tourism industry ahead of its peak travel season.
Meta settlement could clear the way for new AI product launches, Morgan Stanley says
“There are certainly signals, in our view, that Meta’s product pipeline could start flowing following this legal clearing event,” analysts said.
Treasury yields rise as global bond sell-off continues
Treasury yields continued to climb on Wednesday as inflation fears stoked a global rise in borrowing costs.
Brent oil price above $95 as Iran retaliates with strikes on U.S. Gulf allies
Oil prices were volatile Wednesday, as Mideast tensions continue to escalate after the U.S. attacked Iran, while Tehran reportedly struck back at U.S. allies.
Global bond rout gathers pace as inflation fears mount
Borrowing costs continue to extend multi-decade highs as nerves over inflation, higher rates and high debt remain at the fore.
Oil major BP completes search for chair after boardroom upheaval
BP on Wednesday formally appointed Ian Tyler as chair after a surprise dismissal of former chairman Albert Manifold sparked boardroom turmoil.
Honda tells suppliers to cut costs in $9 billion push to fend off China: Reuters
Japan’s Honda aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce their prices.
Scaramucci says he had ‘Potomac fever’ in the White House — and Bessent and Lutnick have it too
“You think you’re smarter than the people that live in Washington, but Washington changes you, you don’t change Washington,” Anthony Scaramucci told CNBC.
China’s Xi keeps Iranian president at arm’s length weeks ahead of Trump summit
China’s Xi gave Iran’s Pezeshkian a brief, low-profile audience at the SCO summit, as Beijing seeks to avoid appearing close to Tehran ahead of a high-stakes summit with Trump.
