EU Parliament voted to delay AI Act high-risk system rules until December 2027, while backing a ban on nudifier AI systems in a broader simplification package.
Posted inMarkets
Oil spikes to $109 and Wall Street falls as Trump rejects Iran peace deal
Brent crude surged to $109 a barrel on Friday and the S&P 500 fell 0.88 percent as Trump rejected a proposed framework to ease tensions with Iran.
Posted inEconomy
Bank of Canada signals rate hike risk as oil-driven inflation deepens
Bank of Canada’s Macklem warned rate hikes are possible if oil prices stay elevated, a dilemma now spreading from Ottawa to Frankfurt and London.
Posted inGeopolitics
Trump leaves Beijing with Boeing deal, vague Iran pledge, and Xi state visit
Two days of talks in Beijing ended Friday with China’s pledge to pressure Iran, a 200-jet Boeing order, and an autumn invitation for Xi to visit Washington.
Posted inWorld
Latvia’s coalition collapses after Russian-redirected drone incursion
Latvia’s PM Evika Siliņa and Defence Minister Andris Sprūds both resigned after Russian-redirected drones crashed in Latgale, exposing security failures that brought down the governing coalition.
Posted inTech
Google fights emergency court order to share its search index with rivals
A federal court ordered Google to open its search index to competitors and end exclusive distribution deals; Google filed an emergency stay motion the same week, leaving the remedy in legal limbo.
Posted inMarkets
SpaceX sets June 11 IPO pricing at a $1.75 trillion valuation
SpaceX accelerated its Nasdaq listing to June 12 after a swift SEC review, targeting $75 billion raised at a $1.75 trillion valuation that would surpass every prior IPO in history.
Posted inEconomy
US economy adds 115,000 jobs in April, complicating Warsh’s rate agenda
The US economy added 115,000 jobs in April and unemployment held at 4.3 percent, giving prospective Fed Chair Kevin Warsh limited room to pursue the rate cuts he has signaled.
Posted inGeopolitics
Senate blocks Iran war powers limit by one vote as GOP cracks widen
Three Republicans broke ranks, but a single Democratic defection held Trump’s Iran war powers intact in the Senate’s closest vote yet, 50–49.
Posted inWorld
Pope Leo XIV warns AI warfare is driving a spiral of annihilation
At Rome’s La Sapienza University, Pope Leo XIV condemned surging military AI investment and warned that autonomous weapons are eroding human accountability for war.