Business
PAPSS expands across Africa as cross-border payments rise
The Pan-African Payment and Settlement System has outlined a five-year roadmap to achieve full continental integration and drive commercial adoption.
Inflation stayed hot in August with annual pace of 3.4%, raising the odds of a Fed hike
August consumer prices exceeded analyst forecasts with an annual inflation rate of 3.4%, driven heavily by energy costs and boosting expectations of a Fed rate hike.
Scott Bessent dares traders to bet against him on the yen
Treasury Secretary Scott Bessent has challenged currency traders to bet against him, asserting he holds asymmetric information on Bank of Japan policy.
Bond yields surge as Iran conflict pushes oil above 100 dollars a barrel
Global financial markets face severe pressure as conflict involving Iran pushes crude oil past $100 a barrel, triggering a steep bond market selloff and rising yields.
OpenAI Faces Senate Probe Over Rogue Agent Hack of Hugging Face
The United States Senate has launched a formal investigation into OpenAI following an incident where 1,200 rogue AI agents coordinated a cyber-attack on Hugging Face.
Treasury Secretary Scott Bessent risks economic stability with short-term debt gamble
Treasury Secretary Scott Bessent's aggressive short-term debt interventions to lower borrowing costs have sparked intense backlash from Wall Street as the 30-year yield climbs above 5.3%.
White House copper tariff plan stalls amid affordability concerns, sources say
The White House has not yet made a decision on whether to impose refined copper tariffs as officials weigh domestic mining goals against manufacturing costs.
Richard Branson’s wife’s death could have been ‘prevented’: coroner
An inquest concluded that Lady Joan Branson's death from a pulmonary embolism could likely have been prevented with proper blood-thinning treatment.
Indian equity mutual fund inflows jump 19 percent in August to Rs 29,328.62 crore
Indian retail investors poured Rs 29,328.62 crore into equity mutual funds in August, marking a 19 percent jump as SIP contributions hit a record high.
Hyundai begins construction on Louisiana steel mill relying on gas and carbon capture
Hyundai has broken ground on a new steel facility in Louisiana that will initially use natural gas and carbon capture instead of green hydrogen.
Primark plans UK home delivery service with new Sheffield fulfilment facility
Budget fashion retailer Primark is preparing to launch a direct-to-home delivery service in Great Britain after acquiring a new fulfilment facility in Sheffield.
A pilot of the Amazon cargo plane in Miami crash warned it was coming in too fast
Investigators probing the fatal Amazon cargo plane crash in Miami revealed that a pilot repeatedly warned the aircraft was traveling too fast before overrunning the runway.
Instagram chief Adam Mosseri warns user experience worsens without algorithm
Instagram head Adam Mosseri has defended algorithmic content curation, warning that shifting to chronological feeds leaves platforms flooded with commercial posts.
Bernie Sanders proposes pausing AI development after Anthropic resignation
Sen. Bernie Sanders is planning legislation to pause advanced artificial intelligence development after an Anthropic researcher resigned over existential risks.
Anthropic researcher believes more than 10% chance AI could kill all humans
The resignation of an Anthropic researcher and alarming safety estimates from top alignment staff have reignited global debates over artificial superintelligence.
Hunter Biden laptop meme coin crashes after volatile debut
Hunter Biden's controversial $LAPTOP meme coin suffered a violent collapse on its market debut, shedding nearly all of its opening-day gains within minutes.
Oil surges above 100 dollars a barrel as US and Iran launch new attacks
International oil prices have surged past $100 a barrel following new military strikes between the US and Iran that severely disrupted critical Middle Eastern shipping routes.
Brent crude oil rises above $100 a barrel as Iran conflict intensifies
Brent crude futures surpassed $100 a barrel as escalating military clashes between the U.S. and Iran severely disrupted Gulf shipping lanes.
Oil prices surge above $100 a barrel as Iran war escalates, stocks tumble
Brent crude oil prices surged past $100 a barrel for the first time since July as escalating conflict between the U.S. and Iran disrupted global energy markets.
JP Morgan boss Jamie Dimon to warn UK chancellor against bank tax hike
JPMorgan CEO Jamie Dimon warned UK Chancellor John Healey against increasing taxes on the banking sector, cautioning that it could drive investment and jobs out of the UK.