The yuan hovered near a three-year high against the dollar Tuesday, buoyed by expectations of stronger US-China ties ahead of this week’s meeting between the countries’ leaders. Goldman Sachs analysts said China’s currency remains more than 20% undervalued and will keep strengthening this year, and a summit that stabilizes trade ...
Month: May 2026
OpenAI’s Altman under scrutiny amid trial, IPO plansOpenAI’s Altman under scrutiny amid trial, IPO plans
The head of OpenAI is facing heightened scrutiny thanks to a lawsuit from Elon Musk and a massive, planned IPO. Sam Altman took the stand Tuesday in the trial against Musk; the Tesla CEO, who also co-founded OpenAI, has accused the AI startup of betraying its original nonprofit mission. Musk ...
Iran war draws in more Gulf nationsIran war draws in more Gulf nations
US President Donald Trump on Tuesday said Iran must strike a deal or “be decimated,” as Gulf nations’ involvement in the war came into clearer view. The warning, which Trump issued as he departed for Beijing, underscored the fragility of the ceasefire with Tehran and the stalemate in the Strait ...
SK official proposes AI dividend for citizens, spooking investorsSK official proposes AI dividend for citizens, spooking investors
A top South Korean official proposed that citizens should share in the profits of the country’s AI chip boom. Samsung and SK Hynix have seen huge profits and soaring share prices as demand for semiconductors surges. Kim Yong-beom’s suggestion that some of that windfall should be redistributed to support basic ...
‘Why do I need to change?’: the brides saying no to costly pre-wedding glow-ups‘Why do I need to change?’: the brides saying no to costly pre-wedding glow-ups
In the age of Botox, Ozempic and injectables, some women want to spend less on bridal beauty – and just be themselves I got engaged last summer. Immediately, I started imagining how I would look at my wedding. The woman who appeared in my mind had different hair, different teeth ...
Starmer to meet Streeting on Wednesday as leadership crisis divides LabourStarmer to meet Streeting on Wednesday as leadership crisis divides Labour
The meeting comes as four ministers resigned and more than 80 Labour MPs called for Sir Keir to go. ...
Starmer prepares for King’s Speech as he faces leadership crisisStarmer prepares for King’s Speech as he faces leadership crisis
King Charles III will attend Parliament to deliver the speech outlining the government’s agenda. ...
Middle East crisis live: US war on Iran has cost around $29bn, Pentagon saysMiddle East crisis live: US war on Iran has cost around $29bn, Pentagon says
Pete Hegseth and other officials appear before House to face grilling on Iran war expenditure and military operations Iran has expanded its definition of the strait of Hormuz into a “vast operational area” far wider than before the war, according to a senior officer in the Islamic Revolutionary Guard Corps ...
The time for an eBay takeover was 10 years ago. Now, it’s better alone.The time for an eBay takeover was 10 years ago. Now, it’s better alone.
Rohan’s view eBay has been ripe for a takeover, and rightly targeted by angry investors, many times. Now is not one of them. It’s one of many things that remains perplexing about GameStop CEO Ryan Cohen’s bid for the company, which eBay this morning rejected as “neither credible nor attractive.” ...
Paramount seeks to calm California’s creatives — and a litigious attorney generalParamount seeks to calm California’s creatives — and a litigious attorney general
The Scoop Paramount is racing to reassure Hollywood that its takeover of Warner Bros. Discovery, with its HBO streaming service, isn’t aimed at killing movie theaters. “Theaters will continue to be an essential part of the moviemaking business and social fabric,” Paramount legal chief Makan Delrahim, a former Justice Department ...