Breaking News

Dozens killed as Myanmar military gov’t launches air strike on hospital
The attack targets a 300-bed hospital in western Rakhine state as the government intensifies its offensive there.

IEA Trims Forecast of Record Oil Glut for First Time Since May
The International Energy Agency trimmed estimates for a global oil supply surplus this year and next for the first time in several months as demand strengthens and output growth slows.

Open AI, Microsoft face lawsuit over ChatGPT’s alleged role in Connecticut murder-suicide
SAN FRANCISCO (AP) — The heirs of an 83-year-old Connecticut woman are suing ChatGPT maker OpenAI and its business partner Microsoft for wrongful death, alleging that the artificial intelligence chatbot intensified her son’s “paranoid delusions” and helped direct them at his mother before he killed her. Police said Stein-Erik Soelberg,

Mexico approves up to 50% tariffs on China and other countries
The levies are set to take effect on 1 January and will apply to goods like cars, clothing and appliances.

Fed lowers interest rates but future cuts uncertain
The US central bank lowered interest rates for the third time this year, but the outlook for further cuts remains murky.

US Seizes Sanctioned Oil Tanker Off Coast of Venezuela
US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela. A senior Trump administration official referred to the ship as “a stateless vessel” that was last docked in Venezuela. The US action may make it much harder for Venezuela to export its crude, as other shippers

Oracle Drops on Disappointing Cloud Sales
Oracle Corp. reported a jump in spending on artificial intelligence data centers and other equipment. Fiscal second-quarter cloud sales increased 34% to $7.98 billion, while revenue in the company’s closely watched infrastructure business gained 68% to $4.08 billion. Both numbers fell just short of analysts’ estimates. Bloomberg Intelligence’s Matthew Bloxham