Business

Star AI investor Leopold Aschenbrenner is unwinding trades after steep losses, sources say

Leopold Aschenbrenner's hedge fund is unwinding trades and may be forced to liquidate assets, according to people familiar with the matter.

Bailey Says Nothing Suggests BOE Edging Toward a Hike

“Please do not leave this room thinking that the Bank of England is edging toward a hike because there is nothing in what I said or any of us have said along those lines,” Bank of England Governor Andrew Bailey tells reporters after the…

Warsh Presser ‘A Little Bit Rocky,’ Says James Bullard

Former St. Louis Fed President James Bullard calls the reaction in the 30-Year US Treasury to Federal Reserve Chairman Kevin Warsh’s press conference on Wednesday “nerve wracking” for a central banker. Bullard says Warsh needed to create…

Walrus skull with narwhal tusk embedded in it found on Arctic island

Scientists found the skull a few dozen meters from the coastline

Current year's first subsidized coastal voyage from Arkhangelsk to deliver cargo to Pevek

Voyages along the Northern Sea Route are subsidized to transport products at discounted sea freight rates, to build sustainable logistics, and to use better the Northern Sea Route's potential

South Africa: Migrant Exodus Leaves South African Employers Short-Handed

[RFI] South Africa is suffering a drop in its workforce, following the departure of thousands of foreign workers in the wake of a wave of xenophobic attacks, anti-migrant protests and intensified immigration enforcement.

Iconiq Backs Satellite Startup K2 Space at $6.8 Billion Value

Startup K2 Space, which builds large satellites for high-power tasks like data-heavy communications and defense missions, has raised $500 million in a new round of funding, the company plans to announce Thursday.

US GDP Grows Less-Than-Expected 1.5% in Second Quarter

The US economy grew at a weaker-than-expected pace in the second quarter as inflation-adjusted gross domestic product increased an annualized 1.5% in the period, despite a pickup in consumer spending and solid business investment. Michael…

John Lee meets business and innovation leaders over Hong Kong’s first 5-year plan

Hong Kong’s chief executive has met the business and innovation leaders advising him on the city’s strategic direction as part of drafting the first local five-year plan, with one adviser saying he was “inspired” by the high-powered…

US economic growth slows to 1.5% in second quarter

The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.

AI cloud provider Nscale to buy software startup Anyscale

Creative trips add economic value through experiences: Deputy Minister

Deputy Minister of Creative Economy Irene Umar said the creative trip concept offers a new approach that regional ...