The News Fertilizer prices could remain elevated even after the Strait of Hormuz reopens, according to the chief executive of Abu Dhabi-based Fertiglobe, as supply disruptions ripple through global agriculture markets and threaten to drive food inflation later this year. Ahmed El-Hoshy, CEO of one of the world’s largest exporters ...
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Trump Tower Australia deal collapsesTrump Tower Australia deal collapses
A $1 billion deal to build a Trump Tower in Australia fell apart as the developer called the brand “toxic.” The Trump Organization, run by US President Donald Trump’s sons, has made several foreign deals during the president’s second term — a “stark contrast” to his first, Forbes said, during ...
James Webb Space Telescope spots distant galaxyJames Webb Space Telescope spots distant galaxy
The James Webb Space Telescope spotted the most primitive galaxy ever seen. Immediately after the Big Bang, the only chemicals in the universe were the simplest: hydrogen and helium. Cosmologists believe that heavier, more complex atoms were made in the explosive death of huge, short-lived stars in the dawn of ...
Fortune chairman joined Trump interviewFortune chairman joined Trump interview
The Scoop Fortune’s Hong Kong-based chairman joined an editorial interview with President Donald Trump this week, an unusual move that has fueled concerns on the publication’s staff. The chairman, Victor Pang, “was there as a mere observer to the hour-long interview conducted solely and entirely by” Alyson Shontell, Fortune’s editor-in-chief, ...
AI assumes larger role in US electionsAI assumes larger role in US elections
AI is playing an increasingly prominent role in US elections. The largest donor in this year’s midterm elections so far is venture capital firm Andreessen Horowitz, which has expanded its interests beyond crypto to also boost pro-AI candidates, The New York Times reported. Some politicians, by contrast, are campaigning on ...
Global oil inventories falling at record pace, IEA warnsGlobal oil inventories falling at record pace, IEA warns
Global oil inventories are declining at an alarming rate, the International Energy Agency warned Wednesday, as the Strait of Hormuz shutdown continues to strain the energy sector. “Oil is in a race against time,” one analyst said. Even if the mounting pressure on oil stockpiles forces the reopening of the ...
Xi to push Trump on TaiwanXi to push Trump on Taiwan
Beijing is poised to press Donald Trump on US arms sales to Taiwan, amid rising concerns that the president could alter his stance toward the island. Trump on Monday said he would discuss the weapon sales with Chinese leader Xi Jinping, alarming the island’s supporters; some US lawmakers warned against ...
Nvidia’s Huang a ‘bargaining chip’ in ChinaNvidia’s Huang a ‘bargaining chip’ in China
The Nvidia CEO’s last-minute inclusion on US President Donald Trump’s trip to Beijing raised the possibility of a deal to break an impasse over AI chip sales to China. Trump in January greenlit shipments of Nvidia’s high-powered H200 chips to China, but not a single one has been sold. Jensen ...
Japan, EU seek out AI models for cyber defenseJapan, EU seek out AI models for cyber defense
European institutions are seeking access to high-powered AI models to protect them from cyberattacks after Anthropic denied EU regulators access to its powerful Mythos model. French AI startup Mistral is reportedly in talks with European banks to provide a cybersecurity-focused model, similar to Mythos, while Anthropic rival OpenAI said it ...
What Spencer Pratt’s rise can teach both parties about AI-age campaigningWhat Spencer Pratt’s rise can teach both parties about AI-age campaigning
David’s view You don’t have to imagine what Los Angeles would look like under Mayor Spencer Pratt. AI already did it for you. In one of the reality TV star-turned-candidate’s campaign videos, happy firefighters, cops, and mothers celebrate “Pratt Summer” and how it solved the city’s problems: “I’m allowed to ...