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 ...
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Foreign investors pull out of India at record paceForeign investors pull out of India at record pace
Foreign investors have pulled $21 billion out of Indian stocks in the last two months, putting 2026 on track to be the worst year for outflows since the markets opened to overseas investment in 1993. Investors are instead looking to South Korea and Taiwan, where stocks are booming on the ...
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.” ...
Hollywood appears to avoid Cannes Film FestivalHollywood appears to avoid Cannes Film Festival
Major Hollywood studios are largely avoiding this year’s Cannes Film Festival, which opens today. The event is traditionally a showcase for some of the year’s biggest movies, and is “Hollywood’s most glamorous overseas outpost,” per The Guardian. But this year, only two American entrants are competing for the Palme d’Or, ...
Energy executives brace for prolonged spike in jet fuel pricesEnergy executives brace for prolonged spike in jet fuel prices
Energy executives and analysts are bracing for a severe, prolonged spike in prices for gasoline, jet fuel, and other refined fuels. The depletion of fuel inventories is “rapidly accelerating” and could reach “critically low levels” ahead of summer, Amin Nasser, CEO of Saudi Aramco, said on Monday. Even if the ...
China widens lead in global clean techChina widens lead in global clean tech
China is widening its lead in global clean tech, raising new security concerns. An analysis of $1.1 trillion in global clean energy manufacturing investments between 2019 and 2025 by the research firm Atlas Public Policy found that more than half were made by Chinese companies. Out of China’s more than ...
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 ...
Pakistan, UAE reportedly take more direct Iran war rolePakistan, UAE reportedly take more direct Iran war role
The Iran war, frozen in a shaky ceasefire, appeared to expand and envelop more belligerents. US intelligence said that Pakistan allowed Iran to use its bases for military aircraft despite its role as a mediator in negotiations, CBS reported, while the UAE — which has been more anti-Iran than any ...
UK bond yields soar as PM Starmer’s fate hangs in balanceUK bond yields soar as PM Starmer’s fate hangs in balance
UK government bond yields rose to their highest levels in decades with Prime Minister Keir Starmer’s leadership hanging by a thread. Disastrous local election results for Starmer’s Labour Party have led to 70 lawmakers — including members of his cabinet — calling for him to resign; populist parties on both ...
OpenAI launches cybersecuity model to rival Anthropic’s MythosOpenAI launches cybersecuity model to rival Anthropic’s Mythos
OpenAI launched its own cybersecurity initiative in response to Anthropic’s. The ChatGPT-maker’s recent GPT-5.5-Cyber model, like Anthropic’s Mythos, can detect vulnerabilities in most software. Mythos was only released to a select few organizations to help them patch problems; OpenAI will do likewise. Almost all the institutions with access to Mythos ...