Business

Chinese man loses 500,000 yuan on ‘flash marriage’ scam

Times of India

Chinese man loses 500,000 yuan on ‘flash marriage’ scam

China’s growing “flash marriage” industry is facing scrutiny after men reportedly lost hundreds of thousands of yuan through rushed matchmaking arrangements. One 37-year-old man spent up to 500,000 yuan before discovering his wife’s…

Times of India

CoreWeave’s stock soars as earnings show major AI momentum

CoreWeave’s stock soars as earnings show major AI momentum

The AI cloud provider topped revenue and earnings expectations, with its CEO cheering “an important inflection point.”

Accel Raises $3.5 Billion to Invest in Emerging Global AI Startups

Accel, a global venture capital firm with offices in Silicon Valley, London and Bangalore, India, has raised $3.5 billion in new funds for early-stage investments across the world.

Lumentum sees sales more than double as AI demand swells

Lumentum sees sales more than double as AI demand swells

Though Lumentum posted blowout earnings and an upbeat forecast, its stock was largely flat after hours.

Google to Add Three Subsea Cable Systems Across the Americas

Alphabet Inc.’s Google announced new cable links in the Americas on Tuesday, including one between Panama, the Dominican Republic and Chile, which is trying to establish itself as a regional digital hub.

TASS

US Department of Energy raises Brent oil price outlook to $86.81 in 2026

The authority expects "most production" to recover by early 2027

TASS

Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China

CNBC

Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China

Nvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?

CNBC

CoreWeave Took a Step in the Right Direction, Gil Luria Says

Gil Luria, head of technology research at D.A. Davidson, reacts to CoreWeave topping analysts' estimates for second-quarter sales after signing up more customers in a booming market, with sales more than doubling to $2.58 billion. He…

Shut Sydney Chinatown cream puff eatery owes tax office $845,000

ABC News

Shut Sydney Chinatown cream puff eatery owes tax office $845,000

The 47-year-old Emperor's Garden restaurant famously attracted long queues of customers lining up for cream puffs made fresh and sold cheap from a small takeaway window.

ABC News

US faults China over opaque overseas lending, warns of emerging-market debt risks

South China Morning Post

US faults China over opaque overseas lending, warns of emerging-market debt risks

The United States has stepped up scrutiny of China’s overseas lending, warning that the lack of transparency surrounding Chinese loans could increase the risk of unexpected defaults and debt restructuring in emerging markets. In its 2026…

South China Morning Post

US fires on ship it says violated Iran blockade

Financial Times

US fires on ship it says violated Iran blockade

Central Command says Panama-flagged vessel ‘ignored repeated warnings’ from American forces

Financial Times

SiTime CEO on Role in AI Data Centers, Renesas Deal

Rajesh Vashist, Chairman and CEO of SiTime, discussed the company's impressive triple-digit year-over-year revenue growth, attributing much of the acceleration to AI-driven demand and the expanding data center market. SiTime's technology…