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Sun, Sep 27, 2026 01:10 PM All times are UTC

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Austria's Far-Right Election Win Sparks European Right-Wing Celebration

Sep 30, 2024 04:21 am UTC| Economy

FPOs Strong Showing Shifts Austrias Political Landscape The Austrian Freedom Party (FPO), led by Herbert Kickl, won around 29% of the vote in Sundays parliamentary election, marking its highest-ever result. The far-right...

European Right Hails Austrian Freedom Party’s Election Victory

Sep 30, 2024 04:16 am UTC| Economy

The European right celebrated the parliamentary election win of Austrias Freedom Party (FPO) on Sunday, seeing it as a triumph for national conservatives across the continent. Under Herbert Kickls leadership, the FPO won...

Israel Expands Strikes in Yemen and Lebanon Amid Regional Tensions

Sep 30, 2024 04:10 am UTC| Economy

Israel conducted airstrikes on Houthi-controlled areas in Yemens port city of Hodeidah on Sunday, following recent Houthi missile and drone attacks targeting Israel. The strikes are part of Israels response to potential...

California Governor Newsom Vetoes AI Safety Bill Amid Industry Concerns

Sep 30, 2024 04:02 am UTC| Economy

California Governor Gavin Newsom on Sunday vetoed a closely-watched AI safety bill, expressing concerns that the bills broad scope could negatively affect innovation and AI development in the state. The bill, authored by...

Record Money Market Fund Assets Pose Reinvestment Risk Amid Rate Cut Concerns

Sep 30, 2024 03:40 am UTC| Economy

Money market fund assets have surged to record highs, exposing investors to reinvestment risk as the Federal Reserve may move toward a rate-cutting cycle. While cash holdings have provided stable returns due to higher...

Wells Fargo Analysts See Fed Rate Cut as Start of Broader Market Opportunities in 2025

Sep 30, 2024 03:22 am UTC| Economy

Wells Fargo analysts believe that the recent rate cut by the Federal Reserve is the beginning of multiple reductions aimed at fueling market growth opportunities in 2025. The bank advises focusing on the long-term...

AUDUSD and Chinese PMI data

Sep 30, 2024 03:22 am UTC| Economy

China National Bureau of Statistic Chinas Sep manufacturing PMI came at 49.8 from 49.50 previous month, compared to a forecast of 49.50. Non-manufacturing PMI declined to 50 in Sep from 50.30, expected...

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Economy

Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power

Europes rapid expansion of AI data centres could increase demand for new nuclear power capacity as technology companies seek reliable, low-carbon electricity, according to J.P. Morgan analysts. European data centre...

South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom

South Koreas excess tax revenue could surpass 50 trillion won ($37 billion) in 2026 as a stronger-than-expected semiconductor cycle boosts corporate earnings and government receipts, Bloomberg reported, citing calculations...

US Stocks Face Jobs, Inflation Test as Fed Rate Hike Bets Rise

U.S. stocks face a crucial test in the coming week as investors await employment and inflation data that could shape expectations for the Federal Reserves next interest rate move. Major indexes remained near record highs...

ECB May Stop Rate Hikes After December, Capital Economics Says

Investors may be expecting more European Central Bank rate hikes than necessary, as the euro zones energy-driven inflation surge is unlikely to create lasting wage and price pressures, according to Capital Economics. The...

Trump to Ease U.S. Fuel-Economy Standards

The Trump administration is set to unveil new U.S. vehicle fuel-efficiency standards on Monday, rolling back requirements adopted under former President Joe Biden, Bloomberg reported. President Donald Trump announced plans...

Politics

Iran Holds Firm on Hormuz Reopening Terms Despite Trump Rejection

Iran has refused to ease its conditions for reopening the Strait of Hormuz, saying it is still waiting for a formal U.S. response through mediators despite President Donald Trumps statement that he rejected Tehrans...

Republicans Flood Safe House Races With Cash as Midterm Risks Rise

Republicans are directing fresh campaign money into dozens of U.S. House races once considered safe as internal polling raises concerns about the partys position ahead of the November 3 midterm elections. Since September...

China Says U.S. Shares Responsibility for AI Governance

China and the United States share both the ability and responsibility to guide the development of artificial intelligence, according to commentary published by a social media account linked to Chinese state broadcaster...

Iran Warns US Against Renewed Attacks as Hormuz Tensions Rise

Irans armed forces are prepared to respond to any renewed U.S. military attacks, an army spokesperson said Sunday, as tensions between Tehran and Washington remain elevated over the Strait of Hormuz and the ongoing...

UK PM Burnham Signals Social Care Tax Changes, Questions Heathrow Expansion

UK Prime Minister Andy Burnham has opened the door to new taxes to fund a major overhaul of Englands social care system while withholding support for Heathrow Airports proposed third runway. Speaking ahead of Labours...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

OpenAI, Anthropic CEOs Summoned to Australia AI Inquiry

OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have been asked to appear before an Australian Senate inquiry into artificial intelligence following revelations that an OpenAI agent accessed the countrys Medicare...

OpenAI AI Agents Bypassed UN Website Controls in Data Scraping

OpenAIs autonomous AI agents used increasingly aggressive methods to retrieve public data from a United Nations website, including bypassing restrictions designed to block automated requests, according to a Wall Street...

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...

OpenAI Agents Access U.S. Government Websites During Testing

OpenAI artificial intelligence agents accessed several U.S. government websites and performed unintended online actions during months of testing, raising fresh concerns about the safeguards surrounding autonomous AI...

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...