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LOS ANGELES — As concerns mount over artificial intelligence and its rapid integration into society, tech companies are increasingly turning to faith leaders for guidance on how to shape the technology — a surprising about-face on Silicon Valley’s longstanding skepticism of organized religion.
Corporate America is celebrating one of its strongest earnings seasons of the century — but analysts warned of possible storm clouds ahead as energy prices surge and consumer sentiment tanks because of the Iran war.
Unrealized gains in corporate rental properties in Japan rose 25% in five years. (Photo by Rie Ishii)
Wall Street is reacting nervously to AI disruption. But advisors who understand that machines can handle labor while professionals focus on judgment may be better positioned to adapt.
Whirlpool’s shares plunged more than 20% after the company said consumer confidence has fallen to “recession level lows” because of the Iran war, tanking demand for its big appliances.
Even as numerous international consumer brands shrink their footprints in China, McDonald's is bucking the trend thanks to consumers like Yue Ma.
Tourism, which accounts for around 14 percent of Jordan’s economy, is facing a sharp downturn as the war disrupts travel across the region.
Brazilian President Luiz Inacio Lula da Silva has met US President Donald Trump at the White House, for talks that were expected to focus on trade, security, and critical minerals as Lula seeks to reset their rocky relationship.
For an $18 billion market-cap company, data-center owner Iren trades like one of the AI giants.The company had two of the top 20 biggest options trades in the market on Thursday and a total $173 million of premium traded hands, with 73% of that in calls.By comparison, less than a million dollars of options traded in…
Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy
Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy
Germany's finance minister has blamed Donald Trump's "irresponsible war in Iran" for a big drop in his country's expected tax revenues.
Share buyback programs are becoming bigger as corporate Japan embraces capital efficiency. (Photo by Yuki Kohara)
Share buyback programs are becoming bigger as corporate Japan embraces capital efficiency. (Photo by Yuki Kohara)
Yesterday, Deutsche Bank's head of thematic research published his latest chartbook, "The Great 2026 Reset," which delves into the market and political implications of the Iran conflict (available here to pro subs).
Pages from the Anthropic website and the company’s logo are displayed on a computer screen in New York on Feb. 26, 2026. (AP Photo/Patrick Sison, File)
The US-based financial analysis firm Moody's predicts that hotel occupancy in Dubai is set to plummet to 10 percent from a pre-war figure of 80 percent in the second quarter of the year, which ends on 1 July, The Wall Street Journal reported on Wednesday.
AJINOMOTO Philippines Corporation has broken ground on a 16-hectare manufacturing facility at TARI Estate, marking one of the largest recent food manufacturing investments in Central Luzon. Valued at approximately P9.1 billion, the facility is expected to be fully operational by April 2028.
A ring of elite corporate lawyers were accused of illegally trading on inside info about blockbuster deals over a decade, using a bizarre code that referred to one merger as a “rabbi” and raking in tens of millions of dollars in ill-gotten profits, according to federal prosecutors.
NEW YORK — McDonald's reported higher profits Thursday as the chain's value promotions and pop culture-oriented marketing efforts lifted sales in most leading markets.
LONDON — Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced Thursday, in the latest antitrust action against the US tech giant.
Whoever leads Britain through the next three years may have to navigate a recession, even a war. The way we choose that person needs an urgent overhaul
US Energy Secretary Chris Wright on Thursday acknowledged that artificial intelligence will be a disruptive force, including in the jobs market, but said the revolutionary tech will ultimately bring “massively larger” positives.
SoftBank will enter the business of high-performance servers, capable of operating cutting-edge graphics processing units at high speeds. (SoftBank)
Japan expects increased capital efficiency from a system for trading tokenized securities. (Nikkei illustration)
Ahead of tomorrow's jobs report which is expected to show a substantial slowdown from last month's 178K surge, moments ago we got another reminder that the stagflationary iceberg remains front and center ahead of the US, after the NY Fed's latest monthly survey of consumer expectations reported that Inflation expect…
Investment commitments worth billions of dollars were announced by Asian companies at this year's annual SelectUSA Investment Summit, held May 2-5 in Maryland. (Photo by Pak Yiu)
The US-based financial analysis firm Moody's predicts that hotel occupancy in Dubai is set to plummet to 10 percent from a pre-war figure of 80 percent in the second quarter of the year, which ends on 1 July, The Wall Street Journal reported on Wednesday.
Bill Yuen, London office’s manager, and Peter Wai found guilty of assisting foreign intelligence service on Thursday
Bill Yuen, London office’s manager, and Peter Wai found guilty of assisting foreign intelligence service on Thursday
THERE are newspaper owners who merely keep a publication alive as a business enterprise. Then there are a very few who transform a newspaper into a national institution that shapes the intellectual and political life of a country. Dante A. Ang belonged to the latter category.
IT is completely understandable to look at the current pump prices and wonder if we will ever see the significantly lower costs of the past again. The “rocket and feather” phenomenon, where prices climb rapidly during spikes but seem to “trickle down” agonizingly slowly, is not just a consumer frustration; it is a w…
Federal investigators are probing at least four suspiciously timed oil trades worth more than $2.6 billion that were placed just minutes before major announcements about the Iran war sent crude prices tumbling, according to a report.
A for sale sign is posted outside a home, Feb. 10, 2026, in Nashville, Tenn. (AP Photo/George Walker IV, file)
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Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from fore…
Russia’s economy contracted at the beginning of the year as weak business activity and declining oil and gas revenues strained public finances.
MUFG will pilot-test Google's AI functions on its financial services platform in fiscal 2026. (Source photos by Nikkei)
Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders
McDonald’s on Thursday reported surprisingly upbeat quarterly earnings and revenue, but CEO Chris Kempczinski — who recently went viral for his weirdly timid nibble of his own company’s burger — warned consumer spending may get “a little bit worse” as high fuel prices slam wallets.
With hopes of a permanent truce being continually undermined by minor skirmishes and blockade infringements, it remains unclear whether this war is close to ending. And while oil prices gyrate from one Trump Truth post to the next, two weeks of Brent above $100/barrel (only just inching below as of this morning) sug…
Oil prices fell and global stock markets traded mixed Thursday awaiting an update on a US plan to end the Middle East war and reopen the Strait of Hormuz.
Shell on Thursday reported surging profits in the first quarter, as the Iran war led to a rise in oil prices, while the most significant impacts for the British energy company have been in Qatar.
More changes at the top of South Sudan’s government on Wednesday as President Salva Kiir fired the country’s army chief and a finance minister who’d been in office for less than three months, Reuters news agency reported.
A new wave of global shocks mainly caused by the war in the Middle East is pushing up the cost of living once again and bringing about a revised economic outlook, the IMF's outlook report for sub-Saharan Africa titled 'Hard-Won Gains Under Pressure' shows.