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Europe revolts against FIFA plan
Europe’s soccer federation voted to boycott the World Cup on Thursday, after FIFA moved to spin off its commercial rights to private investors.
Benoit Tessier/Reuters
Meta plunges on AI spending scrutiny
Lackluster earnings and revenue projections dimmed investor confidence in CEO Mark Zuckerberg’s AI vision.
Carlos Barria/File Photo/Reuters
AI-related imports prove to be drag on US growth
The AI boom cut against overall economic growth, as the US imported more semiconductors.
Kim Hong-Ji/File Photo/Reuters
US-China space race intensifies
China is closing the satellite gap with the US, as Beijing battles Washington to become the world’s leading space power.
China Daily via Reuters
Altman says he supports AI regulation
OpenAI’s Sam Altman said he supports legislation to slow AI development during his visit to Capitol Hill, as debate swirls in Washington and Silicon Valley over safety risks posed by frontier models.
Nathan Howard/Reuters
Iran war could drag on for months
The hostilities could oscillate between “hot and cold war indefinitely,” one security expert said, warning that the US needs to contain the spread.
Vladimir Tonic/Handout via Reuters
FIFA reveals plans for $20 billion private vehicle
The body is looking to capitalize on the lucrative men’s World Cup this year.
Chinese tech grapples with compute shortage
Chinese AI startup Moonshot is looking to acquire more advanced Nvidia chips to create its next model, The Information reported, as China’s tech sector grapples with an AI compute shortage.
Trump meets with Zelenskyy, Netanyahu
The separate, closed-door meetings came at a critical time for Volodymyr Zelenskyy — whose stock with Trump is rising — and Benjamin Netanyahu, whose influence is waning.
Oil falls to lowest point in a week on US-Iran lull
Doubts about US-Iran negotiations also grew, with Washington saying “good talks” were underway, while Tehran denied they were even taking place.
Amazon targets SpaceX dominance
Amazon plans to launch more than 5,000 satellites to provide global data and phone services, as competition heats up in the commercial space sector.
France, Germany are hatching plans to revive auto industry
This latest attempt involves Paris relaxing a planned phaseout of new combustion-engine cars, as Berlin tries to staunch bleeding among its carmakers.
Central banks expected to hold rates steady
The US Federal Reserve, the Bank of Japan, and the Bank of England each could leave the door open to future hikes if inflationary pressures persist.
Chip rout weighs on oil optimism
US stocks were mixed Monday, as relief over falling oil prices was overshadowed by renewed anxieties in the AI trade.
China warns US against AI sanctions
The rhetoric signals the extent to which AI is now central to the superpowers’ economic jousting.
Economists predict minor disruption from Trump’s new tariffs
Washington’s tariff announcements have tended to be “more dramatic than their eventual implementation,” an analyst noted.
Oil spikes, stocks fall on Iran and AI fears
Oil hit $100 a barrel and Magnificent 7 stocks shed nearly $800 billion in market value on Thursday, as pessimism over steep AI spending and the Iran war dragged down global markets.
US says China’s Moonshot stole from Anthropic
The US accused the Chinese AI startup of exploiting American tech to create its Kimi K3 model, threatening sanctions in response to what Washington described as “industrial-scale” theft of intellectual property.