Breaking News

Oil Climbs as Strait of Hormuz Deal Prospects Unclear
Oil extended gains after a report that Iran attacked "hostile targets" in the Strait of Hormuz. Iranian media also reported that Tehran will seek to bar US and Israeli ships from the waterway. Bloomberg's Yongchang Chin reports. (Source: Bloomberg)

China’s Top AI Model Evaded Testing Environment, Researchers Say
Chinese firm Moonshot’s latest artificial intelligence model broke out of a cyber-testing environment, researchers said, in the latest incident that raises concerns about how well AI companies control their technology.

Meta told to pay nearly $1bn penalty over social media harm to children
New Mexico judge orders tech group to pay extra fine in lawsuit brought by state attorney-general in 2023

Trump imposes 15% tariff on key chip material to counter China
The move aims to protect US firms as they face increasing competition from China's chip industry.

EasyJet agrees to £5.7bn takeover by US firm
The no-frills carrier agrees to be bought by US firm Apollo after a rival suitor drops out.

Fifa crisis: Is it possible to defend Infantino’s World Cup sell-off plan?
Crafting a defence of Infantino isn’t easy, but it is possible to assemble both a behavioural excuse and a commercial justification for the Fifa president’s plan to sell stakes in the World Cup.  One newspaper evocatively likened Gianni Infantino to Icarus at the weekend after his proposal to sell stakes

Iran Wants to Bar US, Israeli Ships From Hormuz in Peace Accord
Iran will seek to bar US and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before they’re allowed to sail through it, according to local media reports on a proposed Iran-Oman deal to manage the crucial waterway.