Xi steps up corruption purge
The Chinese Communist Party purged another top official Tuesday, as Xi Jinping intensifies his anti-corruption drive.
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NY enacts data center moratorium
The move signals growing mainstream political pushback to unchecked AI growth in the US.
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DeepSeek reportedly weighs IPO amid zeal for Chinese low-cost tech
The AI powerhouse is also said to be considering raising new funds, weeks after completing its first financing round.
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US banks smash profit records after trading frenzy
SpaceX’s historic IPO last month contributed to a collective $49 billion in profits for the five largest US banks.
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Trump abandons Hormuz toll plan, restarts naval blockade
Analysts were skeptical about the toll proposal, as it would double the cost of moving oil through the strait.
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DeepMind’s Hassabis calls for AI oversight
The Nobel Prize laureate warned that a race-to-the-top dynamic was exacerbating the technology’s risks.
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Parasitic infection outbreak exposes deep cracks in public health
A sprawling cyclospora outbreak spotlights deeper issues in America’s public health system.
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Fed Chair Warsh condemns inflation while dodging on hikes
In his first hearing since starting the job, the Federal Reserve chair promised lawmakers he would “deliver price…
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Shein gets regulatory green light for IPO
The fast-fashion juggernaut is targeting a $40 billion IPO as soon as August.
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Chinese solar firms divest from US
More than half of Chinese clean-tech investments in the US announced since 2022 have been canceled, paused, or delayed.
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Zhipu AI bucks Hong Kong tech rout
Chinese AI lab Zhipu is bucking a tech-stock rout in Hong Kong and the mainland, helped by its focus on building AI…
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China exports hit record highs
Soaring fuel prices, sparked by the Iran war, helped green tech exports surge by a third in the first half of the year.
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AI is the business-model shock law firms need
AI is a swift kick in the business model.
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IBM’s warning sows anxiety for investors
CEO Arvind Krishna’s comments paint an ominous picture for more than just IBM, whose shares dropped 25% Tuesday, wiping…
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Tariff refunds weigh on federal budget
The US paid out $26 billion more in refunds than it collected in June after a February Supreme Court decision struck…
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Bonta’s Paramount suit underwhelms
Paramount plans to contest Bonta’s definition of “blockbuster” films as a market unto themselves and argue that cable…
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AI will identify BigLaw’s rainmakers faster — and weed out the rest
“High EQ” and networking, tech skills will distinguish future rainmakers, says the CEO of law firm Cooley.
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Sanders-backed progressives try to make AI the new AIPAC
New York Gov. Kathy Hochul’s Tuesday moratorium on data centers follows a growing campaign on the left to harness…
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Zoetis to acquire medical imaging company in latest push to build AI
VitalRADS’ database of more than 30 million images will help Zoetis create radiology AI models.
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Saudi economy proves resilient to Iran war fallout
A decades-old oil pipeline to the Red Sea and prudent fiscal policy are helping the kingdom, according to Tim Callen,…
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Asian buyers cool on Gulf LNG
Around 83% of the Gulf’s LNG exports head to Asia, but the Iran war is changing dynamics, prompting importers to cut…
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OPEC trims oil demand forecast
The producer group cut its growth forecast for world oil demand this year by 20% — its third straight downward revision.
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Saudi AI champion HUMAIN to supply compute to Canada startup Cohere
The deal follows a thawing of bilateral relations after a years-long diplomatic rift over Saudi Arabia’s human rights…
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US gas price relief remains elusive
The resumption of tit-for-tat strikes between Iran and the US puts President Donald Trump’s goal to slash retail fuel…
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Global market faces LNG glut, while US forecasts shortfall
The world is facing an LNG surplus that analysts predict could reach more than 100 million tons by 2031.
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Global smartphone shipments hit 13-year low
Smartphone shipments dropped 11% year-on-year in the second quarter, led by a slump in China, as AI-driven memory…
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Chinese exports hit record high on demand for AI, green tech
Soaring fuel prices saw green tech exports surge by a third in the first half of the year and shipments of EVs pass a…
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UK begins human trials of new Ebola vaccine
The Oxford University trial raises hopes that the spread of the Bundibugyo strain may be halted before it becomes the…
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Trump says Cuba may be stockpiling Iranian drones
Washington’s ambassador to the UN recently said Cuba represented “a national security threat,” accusing China and…
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Oil prices surge 10% as US-Iran conflict reignites
US President Donald Trump said he would re-impose a blockade on the Strait of Hormuz, as a month-long ceasefire…
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Chinese tech founder on US curbs: ‘It just sucks’
Chinese flying camera company HOVERAir’s CEO said that American regulators’ and politicians’ fear of Chinese tech is…
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The man who stole a golf course
A golf club stands as a reminder of Xi’s muddled, contradictory — and ultimately doomed — efforts to clean up a…
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Trump's resource diplomacy comes to Libya
Critics say Washington's proposed power-sharing deal would trade elections for stability while opening the door to US…
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Warsh gets first Capitol Hill grilling as Federal Reserve chair
The Fed chair will likely field questions about his recently announced task forces.
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Senate weighs filling Graham’s committee seats
The late Sen. Lindsey Graham sat on the Judiciary, Appropriations, and Environment and Public Works committees, plus…
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Trump is ‘very serious’ about Hormuz toll push
The proposal puts the US president at odds with some of his allies who opposed the toll idea.
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