Cyber startup Island hits $6.4 billion valuation in new round as AI attacks fuel spending wave
Island faces an increasingly competitive cybersecurity market fueled by demand for agentic Ai defenses
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New York Fed’s Williams says it's 'reasonable' to expect another rate hike by year-end
John Williams was speaking at the London Macro Policy Forum on Thursday.
Switzerland is keeping rates at 0% — for now
The Swiss National Bank held rates at 0% as low inflation and a strong franc enable it to diverge from other central banks, though markets expect hikes ahead.
Global debt tops $365 trillion as economists sound alarm over 'vicious cycle'
More is being paid out by advanced economies in debt interest than the whole world spends on AI, defense or clean technology.
Miami's ultra-luxury housing market booms as cash transactions dominate, high-end brands like Bugatti and Porsche jump in
Miami’s ultra-luxury housing segment is booming even as the broader market cools. UBS sees a declining risk of a bubble.
30-year Treasury yield hits highest level since 2004 as bond market rout continues
U.S. Treasury yields continued their upward momentum after hitting a 19-year high on Wednesday.
Food banks 'in crisis' amid fears some may have to close
According to the Trussell Trust, an anti-poverty charity, some food banks are having pay for 30-50% of the food they are supplying.
France's fresh budget battle threatens to topple another government
Time is not on the side of French government bonds, strategists have warned, as the nation's deficit balloons.
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America’s Asian allies want a Trump-Xi truce — but not at their expense
There are concerns that Trump could soften Washington's position on Taiwan or other regional security issues in return for concessions from Beijing.
Novo's new strategy hinges on something it can't manufacture: investor trust
Novo has now reached the point where it can broaden its ambitions again, CEO Mike Doustdar told CNBC, but investors remain unconvinced.
China's AI chip blitz arms Xi with a message for Trump: 'You can't choke us off'
A run of new chips and AI models from national champions gives Chinese President Xi Jinping a confidence boost, as the U.S. summit gets underway.
Tehran criticizes Canada for not condemning Trump's threat to destroy Iran
Baqaei said that Carney chose to appease Washington by reframing a threat to "annihilate" Iran as merely "speaking the language of war."
White House allows blocked reporters in after judge lifts Trump ban
District Judge Tim Kelly said the three outlets should have their access immediately restored from the ban the president had announced on Sept. 18.
Rise in 'commuter students' due to living costs
Some young people are staying at home while attending university as they cannot afford to move.
Rising fuel costs hitting businesses and customers
Business owners say higher fuel costs are creating challenges on several fronts.
OpenAI says agent hacked Australian government website without being told to do so
An OpenAI agent gained unauthorized access to an Australian government website while attempting to gather health data.
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World heads into food crises 'blind' as U.S. aid cuts squeeze UN food agency, experts warn
Climate shocks, conflict and a global fuel crisis, on top of surging interest rates and donor cuts, leave agencies less able to help those facing higher food prices.
Chinese authorities reportedly in possession of F-35 components in Hong Kong
Shipping giant UPS was sending a cockpit canopy and weapons bay door to the U.S. from Australia in late May when it was diverted to Hong Kong.
Historic day for global bonds as 10-year Treasury and JGB yields hit highest in decades
Japanese 10-year government bond yield rose to a 30-year high on Thursday, following a surge in Treasury yields.
Oil prices rise as investors seek progress on U.S.-Iran talks
Oil rose Thursday, as traders assess a report that Asia is on track to import its highest volume of crude oil since the start of the US-Iran war.