JPMorgan’s Jamie Dimon Warns of Rising U.S. Stagflation Risks

JPMorgan Chase CEO Jamie Dimon has warned that stagflation remains a real possibility for the U.S. economy, citing mounting risks from geopolitical tensions, soaring deficits, and persistent inflationary pressures....

EU Considers Extending Duty-Free U.S. Lobster Deal Amid Trade Tensions

The European Union is considering extending a deal that grants U.S. lobsters duty-free access, aiming to ease trade tensions with Washington and potentially avoid further tariffs. According to the Financial Times, which...

Gold Prices Rise Amid U.S. Debt Fears and Geopolitical Tensions

Gold prices climbed in Asian trading on Thursday, supported by growing safe-haven demand amid ongoing concerns about U.S. debt levels and rising geopolitical risks. Spot gold rose 0.7% to $3,338.04 an ounce, while June...

New Zealand Slashes Spending in 2025 Budget Amid Global Trade Headwinds

New Zealand unveiled its 2025 budget on Thursday, setting the lowest new spending in a decade at NZ$1.3 billion, as the government adopts strict fiscal discipline in response to global economic uncertainty. Finance...

Gaza Aid Stalls as Israel Allows Limited Trucks, Ceasefire Hinges on Hostage Deal

Israel has allowed over 100 aid trucks carrying flour, baby food, and medical supplies into Gaza this week, but distribution has stalled due to security concerns, according to UN officials. Despite the entry of trucks...

U.S. Shifts Overseas Disaster Response to Refugee Bureau Amid Criticism

The U.S. State Department is assigning overseas disaster response duties to its Bureau of Population, Refugees and Migration (PRM), a move drawing strong criticism from experts who say the office lacks the experience and...

Kim Jong Un Slams Warship Launch Mishap as “Criminal Act”

North Korean leader Kim Jong Un condemned a serious accident during the launch of a new 5,000-ton warship on Wednesday, calling it a criminal act caused by gross negligence, according to state media KCNA. The mishap...

Canada and U.S. Advance Economic Talks at G7 Finance Summit

Canadas Finance Minister François-Philippe Champagne met with U.S. Treasury Secretary Scott Bessent on Wednesday in Banff, Alberta, during the G7 finance ministers summit. The bilateral meeting, held as part of...

AstraZeneca’s Imfinzi Gets US Approval for Bladder Cancer Treatment

AstraZenecas drug Imfinzi (NASDAQ: AZN) has received U.S. approval to treat adult patients with muscle-invasive bladder cancer, a significant advancement in cancer therapy. The approval allows Imfinzi to be used in...

Sanofi’s New Hemophilia Drug Qfitlia Gains FDA Approval with Breakthrough Bimonthly Dosing

The U.S. Food and Drug Administration (FDA) has approved Qfitlia, a groundbreaking hemophilia treatment by French pharmaceutical giant Sanofi (NASDAQ: SNY). Designed for patients aged 12 and older with hemophilia A or B,...

FDA Vaccine Chief Peter Marks Resigns Amid Controversy Over Transparency

Peter Marks, the U.S. Food and Drug Administrations (FDA) top vaccine official, has resigned after reportedly being forced out by the Department of Health and Human Services (HHS), according to The Wall Street Journal....

Museums have tons of data, and AI could make it more accessible − but standardizing and organizing it across fields won’t be easy

Baidu Shares Dip as Ad Revenue Miss Overshadows Q1 Earnings Beat and AI Growth

Baidu Inc (NASDAQ: BIDU, HK: 9888) shares dropped 3.3% to HK$83.30 in Thursdays Hong Kong session, underperforming the Hang Seng index, which fell 0.6%. The decline came despite Baidu posting better-than-expected...

Citigroup Expands Citi AI Tools to Boost Global Employee Efficiency

Citigroup has launched Citi AI, a powerful suite of artificial intelligence tools aimed at enhancing internal operations across its global workforce. Initially introduced to staff in Hong Kong, the AI tools are now...

Sam Altman Targets 100M AI Devices by 2026 in $6.5B Push with Jony Ive

OpenAI CEO Sam Altman has revealed plans to launch a groundbreaking AI device by the end of 2026, aiming to sell 100 million units. According to the Wall Street Journal, Altman shared the ambitious goal during a recent...

Xpeng Stock Soars on Strong Q1 Results and Bullish Q2 Forecast

Shares of Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV, HK: 9868) surged after the company posted impressive first-quarter earnings and a bullish forecast for Q2, signaling strong momentum in the competitive EV...