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Michael Burry Shuts Down Scion Asset Management as AI Market Euphoria Peaks
Michael Burry — the contrarian investor made famous by “The Big Short” — is closing Scion Asset Management, marking a dramatic retreat from public markets at a time when valuations in major U.S. technology companies have surged to historic extremes.…
Australia’s COP31 Stalemate Threatens Its Green-Energy Ambitions and Pacific Strategy
Australia entered 2025 determined to position itself as a rising force in the global climate economy. Its bid to host the COP31 climate summit—co-branded with Pacific Island nations—was meant to showcase its transition away from fossil fuels, attract green-capital inflows…
Colombia’s Search for Armero’s ‘Lost Children’ Exposes Decades of Institutional Failure
Forty years after the Nevado del Ruiz volcano triggered one of Latin America’s deadliest natural disasters, Colombia is still confronting a painful, unresolved chapter: the hundreds of children who disappeared amid the chaos and were never traced. For families, the…
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…
Blue Origin’s New Glenn Marks Its First NASA-Scale Mission — And a New Phase in the Commercial Space Race
Blue Origin’s New Glenn rocket lifted off from Florida on Thursday on its first mission carrying a paying NASA science payload — a milestone that signals Jeff Bezos’ space company is stepping into a higher-stakes arena long dominated by SpaceX…
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…