Asian economies are expected to exercise caution in buying oil from Iran following a 60-day sanctions waiver for the Gulf country’s oil exports that took effect from Sunday, as they weigh compliance, financial risk and a potential return of hostilities between Washington and Tehran.
Global markets have been looking for signs of progress that the United States and Iran could reach a lasting peace agreement despite concerns over the sustainability of a 60-day ceasefire that began earlier this month and Tehran’s nuclear programme.
The prospect of
US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, suggesting Americans are powering through the fallout from the Iran war.
The personal consumption expenditures price index rose 4.1 per cent last month from a year earlier, the most since April 2023, Bureau of Economic Analysis data out on Thursday showed. Excluding food and energy, prices were up 3.4 per cent from a year earlier.
Inflation-adjusted consumer spending rose 0.3 per cent from
The rebuke came a day after the US, Britain, France and Germany expressed concern over the coastguard deployments, saying the activities “threaten regional stability and the
A Chinese physical AI start-up has launched a new world model designed to simulate reality by embedding the laws of physics directly into its code – a departure from the data-driven approaches favoured by American tech giants like OpenAI and Meta Platforms.
Shanghai-based Fysics AI announced the launch of the Fysiverse, which it described as a “new-generation physics-based world model that adheres to real-world physical laws”, in a post on its WeChat social media account on Wednesday.
The start-up,
EU governments’ ministers gathered for a long day’s discussion of climate change policies on Thursday were surprised by a fresh-faced participant at their negotiating table: a three-month-old baby.
Swedish Climate Minister Romina Pourmokhtari brought her son, Adam, to the EU council meeting in Luxembourg, to highlight the benefits of parental leave policies which do not force women to choose between work and family responsibilities.
“I wanted to showcase being an example of not having to make that choice. Which, of course
Days after imposing fresh restrictions on dozens of American firms in response to earlier US actions, Beijing has vowed to keep pursuing tariff cuts and “win-win” cooperation with Washington, illustrating how cooperation and confrontation now run in parallel between the world’s two largest economies.
“The economic and trade teams of both sides
China must develop its own equivalent to Anthropic’s Mythos model to counter the cybersecurity risks posed by the artificial intelligence era, according to 360 Security Technology founder Zhou Hongyi, who likened the powerful US technology to a “cyber nuclear weapon”.
Released in April with the ability to autonomously identify software vulnerabilities, Mythos has accelerated vulnerability discovery a hundredfold while slashing costs – a “terrifying change” that had effectively “democratised” cyberattacks, Zhou said at a cybersecurity conference in Beijing on Wednesday.
The US had been
The refusal to work with DAP could be a defensive move to shore up BN’s Malay base in Johor ahead of the July 11 polls, analysts say
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The 40-year-old palliative care doctor is charged with killing 15 patients in total between September 2021 and July 2024
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A German doctor admitted to having killed 12 patients nearly a year since the start of his high-profile trial at the Berlin Regional Court on Thursday.
The 40-year-old palliative care doctor is charged with killing 15 patients
Bernard Chan, born in 1965, is a Hong Kong businessman.