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OpenAI weighs fresh funding at $1.2 trillion valuation ahead of IPO

Any decision to move forward with the fundraising effort will hinge on exactly when OpenAI decides to go public, a person familiar with the talks said

Iran war pushes cost of shipping US Gulf Coast oil to Asia to record

US oil continues to backstop the supply gaps left by the war

Nato jets shoot down drone that entered Lithuanian airspace from Belarus

The drone was intercepted five kilometers from a hydroelectric power plant near Pratkunai in central Lithuania

10-year US Treasury yield rises to highest since 2007 as Fed looms

The yield on the global bond benchmark rose as much as five basis points to 5.04% on Tuesday, surpassing a peak from 2023 to hit the highest since 2007.

From onions, ginger to cooking oil: Why food prices are rising in India

Rising prices of onions, cooking oil, ginger and other staples are squeezing Indian households as weak monsoon rains, ethanol demand and global conflicts threaten food supplies

Apple plans touch-screen Macs, smart-home hub and 14 more products

Apple is preparing a slate of new products and updates through the first half of 2027, including touch-screen MacBooks, a smart-home hub, new iPads and lower-end iPhones

AI may 'kill us all', says Google DeepMind researcher in exit post

Bilal is the latest AI researcher to voice grave concerns in recent days about the new technology's evolving but misaligned capabilities that could eventually destroy humankind

Barack Obama calls for AI safety measures, rebukes Trump's approach

The former president criticized the hands-off approach to AI regulation championed by President Donald Trump, though he did not mention his successor by name

ANZ CEO Nuno Matos warns of AI risks, job cuts after Musk, Altman alert

The bank boss warned about the potentially destabilizing impact of AI adoption on society should mass job losses emerge, and didn't rule out the possibility of sweeping cuts at ANZ due to AI

Landmark NSE IPO threatens to hollow out India's unlisted share market

The operator of the world's busiest derivatives market accounted for roughly half of the trading volume in the shadow market, according to an estimate by trading platform UnlistedZone

Wall Street's data centre boom is reshaping the real estate bond market

Data-centre CMBS issuance has topped $17 billion since 2025, forcing investors to assess risks ranging from power constraints and opaque tenants to rapidly ageing technology

Global markets fall sharply as AI slowdown worries hit chipmakers

Chip stocks plunged as AI leaders called for slower development, while surging oil prices added to inflation concerns ahead of the Federal Reserve's decision

PSG Equity raises over €4.4 billion for software and tech bets

The fundraising comes as the software sector recovers from a selloff brought on by the emergence of new AI models that are threatening to replace many incumbent systems.

ICBC, HSBC among major lenders on ByteDance's $30 billion financing

The three-year borrowing, which could be extended to as long as five years, attracted 28 banks, some of which committed via various branches or subsidiaries

China intelligence chief warns AI could threaten political stability

China's state security minister Chen Yixin has warned that hostile use of AI could endanger political, institutional and ideological security and expose vulnerabilities in critical systems

Softbank Group gets upsized $11.9 billion loan in OpenAI funding push

The Japanese conglomerate sealed the two-year facility last week, attracting commitments from around 20 banks

Copper edges lower as US inflation data raises bets on Fed rate hike

Futures on the London Metal Exchange fell as much as 0.6%, following their first weekly decline in since June

Anthropic picks Nasdaq for much-anticipated IPO, eyes listing in October

The Claude chatbot maker is seeking to raise as much as or more than SpaceX in an IPO that could take place as soon as October

$7 billion gas bill sees developing Asian nations sour on LNG future

The loss of Qatari LNG supplies through the Strait of Hormuz has sharply raised costs for Asian emerging markets

Iran set to unveil temporary Hormuz shipping lane pact to Gulf nations

Iran is set to present Gulf nations with an agreement reached with Oman for a temporary shipping lane through the Strait of Hormuz, though access will remain restricted