Neither Russia nor Ukraine appear to hold high hopes for the ongoing US diplomatic push toward peace. Trump administration envoys who traveled to Kyiv and Moscow over the weekend hailed “substantive” talks, but Ukrainian President Volodymyr Zelenskyy said he expected the war to continue into winter, and his Russian counterpart ...
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European bond yields rise amid fears of Middle East tensionsEuropean bond yields rise amid fears of Middle East tensions
European bond yields rose on fears that renewed tensions in the Middle East could accelerate inflation, crimping the already tight fiscal space for under-pressure governments across the continent. French, Italian, and UK bonds have fallen the most in the G7 in the past month, while German yields rose on concerns ...
Beijing to inject $45 billion into banks and insurersBeijing to inject $45 billion into banks and insurers
China will inject $45 billion into its largest banks and insurers, its biggest recapitalization push in decades as Beijing looks to boost the country’s faltering economy. China’s growth target is already its lowest since 1991, and the economic picture is darkened further by a real estate downturn that is straining ...
Saudi Arabian data center firm races to export compute from NEOMSaudi Arabian data center firm races to export compute from NEOM
The Scoop AI data center builder DataVolt, linked to Saudi billionaire Mohammed Abunayyan, plans to complete a 100-megawatt facility in NEOM within 13 months, focused entirely on exporting compute capacity. The data center will cost around $1 billion and has already broken ground. Rajit Nanda, DataVolt’s chief executive, said the ...
The ‘Switzerland’ of AI: Saudi Arabia’s big AI betThe ‘Switzerland’ of AI: Saudi Arabia’s big AI bet
The Scene HUMAIN CEO Tareq Amin recognizes Saudi Arabia’s latest effort to transform its economy for what it is: an audacious bet that it can join the US and China as a global AI superpower. Ahead of US President Donald Trump’s visit to the Kingdom last year, the Jordanian-American tech ...
New dossier sheds light on Sudan chemical weapons allegationsNew dossier sheds light on Sudan chemical weapons allegations
A dossier made public Saturday shed light on allegations that Sudan’s military developed and used chemical weapons in the country’s devastating civil war. Documents, videos, and text messages reported by The New York Times and The Washington Post, and provided by Middle Eastern security officials from an unnamed country, appear ...
Women account for nearly all new US jobs in AugustWomen account for nearly all new US jobs in August
Women accounted for 98% of the 162,000 jobs the US added in August, an unprecedented figure that could point to broader labor market shifts. The figure reflects growth in health and caregiving, but also in local government and education, which “roared back to life,” CNBC noted. Because women tend to ...
German far right claims historic winGerman far right claims historic win
Germany’s nationalist AfD won a landslide victory in the eastern state of Saxony-Anhalt on Sunday, potentially making it the first far-right party to gain power since the end of World War II. The record result came largely at the expense of Chancellor Friedrich Merz’s CDU, possibly marking a death knell ...
OpenAI implicated in another hackOpenAI implicated in another hack
A swarm of OpenAI agents hacked a German website this spring, Reuters reported, in the latest incident of advanced AI violating laws and norms. Already grappling with the fallout of the Hugging Face incident, OpenAI reportedly declined to disclose the May event, raising new questions about transparency and oversight of ...
US envoys Witkoff, Kushner spearhead Russia-Ukraine diplomacy pushUS envoys Witkoff, Kushner spearhead Russia-Ukraine diplomacy push
US envoys held talks with Ukrainian President Volodymyr Zelenskyy in Kyiv on Sunday after meeting Russia’s Vladimir Putin in Moscow, though analysts cast doubt on a reinvigorated peace initiative that appeared to offer little movement. Putin told Steve Witkoff and Jared Kushner that ending the war is “not simple” and ...