US regulators are drafting a rule to stop Chinese companies from accessing American AI chips remotely through overseas data centers, closing a gap in existing export controls that restrict direct hardware sales.
Posted inMarkets
Anthropic Eyes $2 Trillion Valuation in IPO That Could Eclipse SpaceX’s Record
Bankers have told investors Anthropic could raise more than $100 billion in an IPO at up to $2 trillion valuation, expected after the November midterms and surpassing SpaceX’s $85.7 billion June listing.
Posted inEconomy
IMF Opens Bangkok Annual Meetings With Global Growth at 3.0% and Debt Near a Postwar High
The IMF and World Bank open their 2026 Annual Meetings in Bangkok on Monday with global growth projected at 3.0% and public debt near 100% of GDP as the Middle East conflict bites.
Posted inGeopolitics
Witkoff and Kushner Table Partial Ceasefire in Miami Talks as Ukraine Awaits
US envoys Kushner and Witkoff hosted Ukraine and European officials in Miami with new ceasefire proposals, centring on a partial truce covering energy infrastructure and Black Sea shipping.
Posted inWorld
Third Houthi Strike on Riyadh Airport Kills 12 and Wounds 309
A Houthi ballistic missile killed 12 people from nine countries and wounded 309 at King Khalid International Airport on Saturday, the week’s third attack on the facility.
Posted inTech
OpenAI Revenue Run Rate Nears $70 Billion as Enterprise Contracts Double Since July
OpenAI’s annualised revenue neared $70 billion in late September on enterprise growth of 100% since July, according to Axios, lifting AI stocks on Friday.
Posted inMarkets
S\&P 500 Closes at 7,811 as Volatile Week Ends and Bank Earnings Season Begins
US stocks gained Friday as the S&P 500 hit 7,811, ending a volatile week of elevated yields and oil prices ahead of bank earnings starting 13 October.
Posted inEconomy
Trump Announces Russian Diesel Deal as US Pump Prices Hit Record $6.27
Trump announced a deal to buy Russian diesel on 9 October as US pump prices reached $6.27 per gallon, issuing a Treasury general licence to authorise the trade.
Posted inGeopolitics
US Sanctions 22 Vessels and 27 Entities in Biggest Iran Shadow Fleet Strike Yet
Washington hit 22 vessels and 27 entities on 8 October in the largest single-day action yet under Operation Economic Outcast, targeting Iran shadow oil fleet.
Posted inWorld
Navi Pillay Wins 2026 Nobel Peace Prize for Decades of Human Rights Work
The Nobel Committee awarded the 2026 Nobel Peace Prize to Navi Pillay on Friday, citing the South African jurist’s work for international law and human rights.