Business

Meta Has Quietly Become One of Microsoft’s Largest AI Customers

Meta Platforms Inc. has become one of Microsoft Corp.’s biggest AI customers, underscoring how demand for the emerging technology remains concentrated in the tech industry.

Oil Prices Jump After Trump’s Latest Iran Threat

Bond markets remained volatile, as investors assessed the geopolitical turmoil.

France fines Boohoo €2.3 million over deceptive discounts on website

Emerging FX Gains as ‘Bessent Put’ Burnishes Carry Trade Appeal

Emerging-market currencies hit a fresh record as a weak dollar added to the appeal of a popular trade, offsetting a fresh jump in oil prices. South Korea’s technology stocks led a rebound in developing-nation equities.

Oil prices jump after Trump declares economic war on Iran

West Texas Intermediate and Brent crude’s front-month contracts both climbed after President Donald Trump said he was launching a “crushing economic operation” against Iran.

Pop Mart Warns of 2026 Sales-Target Miss as Growth Abroad Cools

Pop Mart International Group Ltd. warned it will probably miss the 20% full-year sales-growth target it set previously, after what executives described as a more difficult than expected first-half and pressure in overseas markets.

Overcome market fragmentation or miss the AI train, Lagarde warns the EU

An overly fragmented single market cannot support Europe’s top priority of competing globally in the AI race, European Central Bank (ECB) President Christine Lagarde warns.

North Korea launches missile barrage after dismissing Trump overture

Kim Jong Un’s sister casts doubt on claim of communication between Pyongyang and Washington

Fed’s Warsh Needs to Launch Operation Twist, Academy’s Tchir Says

Peter Tchir, head of macro strategy at Academy Securities, calls the US Treasury Department’s move to increase its planned purchases of outstanding 10-year to 30-year debt “kind of mediocre” and says the Federal Reserve needs to talk about…

Singapore police say they are looking into iron ore trader Radiant World

Exxon Warns Kazakhstan’s Top Oil Field to Peak Within Years

ExxonMobil Holdings Corp. has told Kazakhstan that the nation’s top oil field is already on the cusp of peak output and that its production will slump sharply in the coming decade.

Moonshot, ZAI Close to OpenAI and Anthropic Model Performance

Chinese AI models can build passable websites at a 75% discount to Claude