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Wall Street Sells Off as Nvidia Drags Tech Lower and Fed Signals Caution
Wall Street’s powerful year-long rally hit a sharp setback on Thursday, as investors punished mega-cap tech leaders and recalibrated expectations for how aggressively the Federal Reserve may cut rates heading into 2026. The sell-off, led by Nvidia and other AI…
Saudi Arabia Signals Economic Rapprochement With Lebanon as Smuggling Crackdown Shows Results
Saudi Arabia is preparing to ease long-standing restrictions on Lebanese imports, opening the door to a cautious revival of commercial ties after Beirut demonstrated improved control over drug trafficking networks that once strained relations between the two states. The decision…
Iran’s Two Realities: Looser Social Rules, Harsher Political Repression
On the streets of Tehran, Iran appears to be changing. Women walk unveiled in broad daylight, couples sit openly in cafés, Western music plays in shopping arcades, and a quieter, more relaxed social atmosphere has settled over parts of the…
Germany’s China Reckoning: How Rare Earths Shocked Europe’s Industrial Powerhouse
Germany is moving from abstract warnings about “de-risking” from China to hard policy choices, as a fresh series of trade shocks exposes just how vulnerable Europe’s largest economy remains to Beijing’s leverage over critical materials and supply chains. On Thursday,…
Demis Hassabis, Google’s Cosmic Gambler: Can a Nobel Mind Win the AI Business Race?
Demis Hassabis has spent more than a decade chasing something far larger than a killer app: an artificial intelligence powerful enough to solve science, reshape economies, and maybe, one day, help humanity “travel the stars.” For Alphabet shareholders, the question…
Russia Uses Spare Refining Capacity to Cushion Drone Strike Damage
Russia’s refining sector has absorbed one of the most intense waves of Ukrainian drone strikes since the start of the war — and yet its overall oil processing has declined by only 3% this year. The narrow impact, according to…
Verizon’s New CEO Moves to Cut 15,000 Jobs as Telecom Competition Intensifies
Verizon is preparing for one of the largest corporate overhauls in its history. The company’s new chief executive, Dan Schulman, is planning to eliminate roughly 15,000 jobs — about 15% of the workforce — in a sweeping restructuring aimed at…
ByEmily
Germany’s New Hybrid Military Service Plan Signals a Shift in Europe’s Defense Economics
Germany’s decades-long experiment with a fully volunteer military is entering a new chapter. On Thursday, Chancellor Friedrich Merz’s conservative-led government and the centre-left Social Democrats reached a long-awaited compromise on the future of military service — a core pillar of…
UBS–Credit Suisse Merger Continues to Raise Funding Costs Across Swiss Banking Sector
When UBS absorbed Credit Suisse in March 2023, the historic state-engineered rescue was framed as the only viable path to prevent a broader banking crisis. More than two years later, the Swiss National Bank (SNB) says the aftershocks are still…
Europe Explores Pooling Dollar Reserves as Fed Ties Come Under Political Strain
European financial officials are quietly debating whether to pool dollar reserves across multiple central banks in an attempt to reduce their exposure to the U.S. Federal Reserve’s liquidity backstops — a foundational piece of the global financial system that has…