HONG KONG (AP) — Global shares were mostly lower Monday as AI-related stocks, including Open AI investor SoftBank, declined following calls from Anthropic’s CEO to slow AI development for safety. U.S. futures edged lower, while oil prices gained more than 2% as worries grew over global oil supplies
Sept 14 (Reuters) – Latvia’s airBaltic voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York, it said on Monday, as part of a restructuring to reduce debt as the Iran war piles stress on the airline sector. AirBaltic said in a statement it had secured a commitment
HANOI, Sept 14 (Reuters) – U.S. electric vehicle maker Tesla has established a subsidiary in Vietnam, according to a newly published business registration filing, marking its formal entry into one of Southeast Asia’s fastest-growing EV markets. The new entity, Tesla Motors Vietnam Limited Liability
Texture is having a crunchy, gooey moment in the food and beverage industry. For many people, the way a menu item or packaged snack feels in the mouth has become as big a draw as flavor, although consumers don’t always recognize the part texture plays in their cravings for crispier takeout, frothier
LOS ANGELES (AP) — New warnings from within the artificial intelligence industry have revived a long-running debate over whether advanced AI could escape human control and ultimately threaten humanity’s survival, and whether the companies developing the technology are doing enough to prevent such a
TOKYO, Sept 14 (Reuters) – Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday. The remark, made at a Bank o
SINGAPORE, Sept 14 (Reuters) – Commodity vessel transits through the Strait of Hormuz fell to a single digit per day at the weekend, preliminary shiptracking data showed on Monday, well below a 10-day average of 14. Over the weekend, four vessels exited the Gulf through the strait, including a Handy
By Yantoultra Ngui HONG KONG, Sept 14 (Reuters) – Ares Management Corp, a global alternative investment manager, has appointed James Garforth as principal in its Asia direct lending business, according to an internal memo seen by Reuters on Monday. Here are some details: • Garforth joins from BGH Ca
BEIJING, Sept 14 (Reuters) – An essay by Anthropic’s CEO calling for a slowing down of AI development may look like a rational statement focused on safety risks, but it is really a “Cold War playbook” targeting China, the state-backed Global Times said in an editorial. In the essay published on Satu
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week, according to three of the bill’s main Republican authors. The sweeping bill initially had just a provision i
NEW YORK (AP) — The venerable newsmagazine “60 Minutes” opened its 59th season on CBS-TV on Sunday night with no direct mention of the turmoil and departures that have unfolded behind the scenes in recent months. Hosts waited until the show’s end to acknowledge that anything different was going on.
Sept 13 (Reuters) – Goldman Sachs expects the U.S. Federal Reserve to raise interest rates by 25 basis points at its September meeting, joining a growing number of Wall Street firms that see further policy tightening as inflation concerns persist. In a note on Friday, the brokerage reversed its prev
MAASAI MARA, Kenya (AP) — Joshua Kijape eases his motorcycle through the tall grass, listening for movement in the bush. There is no engine rumble, no exhaust and little warning for anything ahead. That is exactly how the Mara-Siana ranger, attached to Entumoto Safari Camp in Kenya’s Maasai Mara gam
ISLAMABAD (AP) — A surge in Indonesia’s wood pellet and chip production is driving a new wave of deforestation, threatening the vast archipelago’s remaining tropical forests, vital biodiversity hot spots and the land of Indigenous peoples, according to new satellite analysis from environmental nongo
Sept 13 (Reuters) – Amazon said on Sunday it was pausing operations with Miami-based 21 Air, the cargo carrier that operated the Amazon-branded plane that crashed in Miami, killing five people. “After the tragic incident last weekend, we’ve spent time supporting the investigation and reviewing some
By Ankur Banerjee SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in a pivotal week for monetary policy. Global
(Corrects year of results in last paragraph to 2026, not 2025) Sept 13 (Reuters) – Dell CEO Michael Dell’s DFO Management is nearing a take-private deal for insurance brokerage firm The Baldwin Insurance Group, the Financial Times reported on Sunday. DFO Management is in advanced talks with Baldwin
By Wayne Cole SYDNEY, Sept 14 (Reuters) – Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new strikes on Saudi Arabia and on ships in th
Sept 13 (Reuters) – Anthropic has told shareholders that its adjusted operating income will be positive for a second straight quarter, the Financial Times reported on Sunday, citing multiple people with knowledge of the matter. Anthropic’s gross margins are above 80% before accounting for revenue sh
By Colleen Howe BEIJING, Sept 14 (Reuters) – Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline. Brent crude futures rose $2.90, or 2.77%, to $107.51
DUBLIN (AP) — President Donald Trump on Sunday played down the need for his administration to check the development of artificial intelligence, saying he worried about ceding America’s edge over China in a global competition and that winning would help address the risks from the advancing technology
By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at the Irish Open golf tournament, T
MOGADISHU, Somalia (AP) — Somalia’s business community is seeking alternative shipping routes due to disruptions and security concerns around the Bab al-Mandab Strait and the Strait of Hormuz after Iran-backed Houthis captured a key port city and an island, sending thousands of Yemenis fleeing to ne
Sept 13 (Reuters) – U.S. tech startup Anthropic has selected Nasdaq for its potential initial public offering, Business Insider reported on Sunday, citing a person familiar with the company’s plans. (Reporting by Ananya Palyekar in Bengaluru; Editing by David Gregorio) Brought to you by www.srnnews.
TORONTO, Sept 13 (Reuters) – S&P Dow Jones Indices (S&P DJI) said on Friday it will change the eligibility criteria for S&P/TSX Canadian Indices, with the move potentially opening the door to the inclusion of major copper producer Anglo-Teck, according to investors. • Under the new criteria, foreign
By Bo Erickson and Padraic Halpin DOONBEG, Ireland, Sept 13 (Reuters) – U.S. President Donald Trump said on Sunday a lot of “very negative forces” are bringing things up about AI that won’t happen and said that he wanted to make sure that the United States remains the industry leader. “We’re leading
(Refiles, removing additional text that repeats separate alerts) By Alex Lawler and Dmitry Zhdannikov LONDON, Sept 13 (Reuters) – Saudi Arabia will run out of oil stocks for exports if it doesn’t restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, S
NEW DELHI (AP) — Indian Prime Minister Narendra Modi on Sunday warned that rising geopolitical tensions, supply chain disruptions and climate crises are increasingly affecting people worldwide and called for strengthened cooperation and support across the Global South. Addressing the BRICS summit of
PARAKOU, Benin (AP) — The “Made in Benin” tags on Fatoumata Dosso’s fabrics represent an ambition much bigger than her fashion business: keeping more of the value of Africa’s largest cotton producer at home. The founder of DAF Collection said that the tag means her country is trying to take full adv
By Rocky Swift TOKYO, Sept 13 (Reuters) – Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. Yen futures data from the Commodity Futures Trading Commission showed net n
