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A historic joint intervention by Washington and Tokyo to support the Japanese yen on July 31 initially surprised investors and marked a new phase of currency market activism by the US Treasury. The yen strengthened to a peak of about 155.21 per dollar during …
Investors are returning to European equities as a strong earnings season and lower oil prices bolster the region's appeal as a hedge against volatile global technology stocks. European companies are on track to deliver 22% year-on-year earnings growth in the second quarter, according to …
Hanwha Aerospace, South Korea's largest defense company, has made a preliminary bid of up to $1.2 billion for the US shipbuilding operations of Austal, Australia's largest shipbuilder. Austal said Tuesday it would allow Hanwha to conduct four weeks of due diligence to strengthen its …
The Arctic is emerging as a viable alternative to traditional shipping routes as melting polar ice shortens the journey between Europe and Asia and vessels seek to avoid maritime chokepoints. Sea Legend, a Chinese container shipping company, this week launched the first regular container …
When the Iran war began in February, many observers believed the country's weaker military and regime made it vulnerable to the kind of long-range, high-tech warfare the US typically favors. In the war's first six months, the US conducted more than 13,000 strikes, significantly …
Measures of volatility in stocks and currencies have tumbled this summer, in some cases to their lowest levels in years, prompting warnings that investors have grown complacent about the risk of renewed disruption from the unresolved Middle East conflict. The VIX, Wall Street's fear …
OpenAI's head of AI ethics has left the company less than a year after joining, without any public announcement, according to a person familiar with the matter. She had joined the ChatGPT maker last August after six years as chief ethicist at a majorSocial …
Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, sold most of its publicly traded stock holdings to rivalInvestmentfirm Citadel after banks called in loans backing a leveraged portfolio of AI-related positions. The fund had built its strategy around a thesis …
The Trump administration has provided a major funding boost to Australia's push to develop non-Chinese supplies of scandium, a rare earth used in defense and energy applications, through a $400 million conditional loan to Sunrise Energy Metals. The company is developing a scandium mine …
Iran's top security official warned that Tehran would not reopen the Strait of Hormuz unless the US “rectifies its behaviour,” calling on Washington to end its war against the country and lift its blockade of Iranian ports. The secretary of Iran's Supreme National Security …
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