Lower crude prices following the Iran ceasefire are improving the near-term outlook for European equities, but many remain unconvinced this heralds a rotation away from the U.S. after several years of AI-driven earnings growth.
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Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors stayed alert for possible Japanese intervention as the yen plumbed fresh 40-year lows.
One stage of the Iran war has ended, but the world may be mistaking a pre-election pause for lasting peace. Tehran’s economic leverage will likely remain strong through the U.S. midterm elections in November, but could weaken once the votes are counted, raising the risk of renewed confrontation afterward.
When Greece’s debt crisis struck in 2009, George, owner of a jewellery shop outside Athens, found himself saddled with a new €100,000 loan just as his business turnover plummeted.
China’s covert military training of Russian forces last year was personally approved by President Vladimir Putin’s defence minister and directly involved at least four Russian and Chinese generals, according to two European officials and documents seen by Reuters.
Reuters gained exclusive access to the NATO exercise, one in a series of U.S.-hosted drills focused on defending the American homeland.
Some critics of Erdogan’s government believe the relative Western silence encourages its authoritarian slide, isolates Turkey’s opposition and ignores NATO’s founding principles of democracy and rule of law.
The global AI boom powered Asia’s manufacturing sector in June, with brisk demand for technology-related goods offsetting the drag from the Iran war, private surveys showed on Wednesday, offering some relief for the region’s export-reliant economies.
Anthropic said on Tuesday that the U.S. Commerce Department lifted export controls on its Fable and Mythos AI models, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks.
All three kidnapping-related messages that have surfaced in news media reports about the disappearance of “Today” show co-host Savannah Guthrie’s elderly mother have been deemed by federal investigators to be fake communications, an FBI official told Reuters on Tuesday.