Investors and economists upped bets that China’s yuan was set to rise, thanks to a short-term boost from the Middle East war and long-term trends driving a growing haven status. Hedge funds have used options to invest in the Chinese currency, Bloomberg reported, driven by a fall in oil prices ...
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Panama pushes back against China in canal rowPanama pushes back against China in canal row
Panama’s foreign minister asked China to “respect” his country’s sovereignty, accusing Beijing of detaining Panamanian ships in retaliation for legal action against a Hong Kong-listed firm. The countries have been at odds since Panama — under pressure from the Trump administration — canceled CK Hutchison’s contract to operate two ports ...
Gulf sovereigns quadruple private credit portfoliosGulf sovereigns quadruple private credit portfolios
The News The Gulf’s largest sovereign wealth funds more than quadrupled their private credit exposure between 2021 and 2025 — to $80 billion — with investment accelerating over the past two years, according to data from Global SWF. That puts them at the forefront of an asset class that is ...
EU faces ‘stagflation’ over war, economy official warnsEU faces ‘stagflation’ over war, economy official warns
The EU will be hit by a “stagflationary shock” despite the US and Iran agreeing to a two-week ceasefire, the bloc’s economy commissioner warned. The Middle East conflict has exposed Europe’s vulnerability: The continent imports most of its energy, while commercial shipments have also been upended by disruptions to global ...
China reportedly pressed Iran to accept truceChina reportedly pressed Iran to accept truce
China reportedly played a behind-the-scenes role in pushing for the US-Israel-Iran ceasefire. Beijing used its influence to press Tehran to accept the truce at the 11th hour, The New York Times reported. At the start of the war, analysts argued China would be happy to see the US drawn into ...
US stocks rally in familiar patternUS stocks rally in familiar pattern
US stocks soared Wednesday on investors’ relief over a tenuous Iran ceasefire. The Dow had its best day since April 2025, while the US crude benchmark posted its largest drop since 2020. The pattern is now familiar to investors, CNBC wrote: Escalation drives market unease, pressure rises, and de-escalation causes ...
The US Army is developing its own chatbotThe US Army is developing its own chatbot
The US Army is building its own chatbot for soldiers, the latest sign of the Pentagon’s embrace of AI. VictorBot can offer troops answers to questions like how to configure electromagnetic warfare systems for a mission, WIRED reported. The model is trained on internal information gleaned from ongoing conflicts in ...
Anthropic says Mythos model too powerful for releaseAnthropic says Mythos model too powerful for release
AI startup Anthropic said it created a model that is too powerful to be released to the public. Mythos exposed thousands of software vulnerabilities in common applications for which no fix exists, according to Anthropic, which instead shared a version of the software with certain companies to bolster defenses against ...
Anthropic’s Mythos won’t solve the cybersecurity crisisAnthropic’s Mythos won’t solve the cybersecurity crisis
Anthropic says its new AI model, Mythos, is so powerful and so good at coding that it can’t be released publicly. Instead, Anthropic launched Project Glasswing, an effort to share the software with certain companies to bolster cyber defenses before inevitable attacks cripple the world. The situation is almost reminiscent ...
Microsoft says AI voice command needs more workMicrosoft says AI voice command needs more work
AI power users are increasingly controlling their agents via voice commands, but there’s still a lot of work to be done to get computers to understand us. Voice is our most natural form of daily communication, and the transition from keyboards and mice to conversation is profound. But it’s not ...