Oil prices rose Wednesday, withBrent Crudefutures crossing the $100 threshold for the first time since July, as escalating tensions between the US and Iran fueled concerns over further disruptions to Middle East energy supplies. Brent futures were last trading more than 2.5% higher at …
China's trade growth accelerated in August, though imports missed expectations, a sign that domestic demand remains subdued as the world's second-largest economy faces mounting pressure to rebalance its trade. Exports grew 25% in dollar terms from a year earlier, in line with analysts' forecasts …
The UK government is proceeding with planned sanctions targeting Israeli settlements in the occupied West Bank despite warnings from US officials and lawmakers about potential economic consequences. Speaking in Parliament Tuesday, UK Foreign Secretary Ed Miliband said Britain would ban imports from Israeli settlements …
Vladimir Putin told Donald Trump that Russia does not have “aggressive plans” against Europe and praised US peacemaking efforts to end the war in Ukraine during a phone call Tuesday, according to the Kremlin. It was the first time the two presidents had spoken …
Samsung and TSMC, the world's two biggest chipmakers, have committed to using ASML's High NA extreme ultraviolet lithography machines asDemandgrows for more advanced chips used in AI applications. ASML's EUV machines are critical tools used to print circuit patterns onto silicon wafers during chipmaking, …
TikTok will secure roughly 150 megawatts of capacity from a new data center site in Kouvola, Finland, according to an economic impact report, as the country sees a wave of digital infrastructure investment led by AI hyperscalers and neoclouds. The capacity detail appeared in …
Hundreds of departing flights from major British airports were disrupted Tuesday after air traffic control provider NATS experienced a technical issue, with Heathrow, Gatwick, Manchester and Stansted among the hubs affected by cancellations and delays. NATS said in a statement that the issue was …
Australia's government unveiled legislation Tuesday that would let social media users switch off algorithm-driven feeds, the latest step by regulators worldwide to curb the influence of major technology platforms. The proposed “My Feed, My Way” initiative would require platforms to let users over the …
Novartis shares fell sharply Tuesday after the pharmaceutical company said its del-desiran drug for a muscle-wasting disorder failed in a late-stage trial, marking its third clinical setback within a week and putting the stock on track for its worst trading day since March 2020. …
The US Treasury Department sanctioned 27 Iranian airlines and a handful of other entities Tuesday, extending its ongoing campaign to isolate Iran's economy as the country and its regional allies continue to launch attacks around the Strait of Hormuz. The action targets all Iranian …