News
Breaking News - Alibaba Adds to China AI Breakthroughs With New Qwen Model
Alibaba Group Holding Ltd. released its biggest ever AI model, claiming performance on par with global leader Anthropic PBC in the latest Chinese breakthrough to challenge US rivals.
FIFA Chief’s Plan to Juice Football Could Lead to His Downfall
European football’s governing body has threatened legal action over Fifa president Gianni Infantino’s failed plan to carve out a $20bn commercial entity from the Swiss non-profit and sell a 20 per cent stake to private investors (the Financial Times, August 3, 2026).
Market Rumor - Apple Plans Broad iPhone Price Hikes as Foldable Model Tops $2,000
Apple is expected to raise prices on its next generation of premium iPhones this autumn as higher memory and processor costs squeeze margins across its hardware business.
Operational Updates - Robinhood Prediction Markets Outpace Stock Revenue
Robinhood’s prediction market business has now overtaken stock trading revenue, after previously surpassing cryptocurrency trading.
Breaking News - AstraZeneca and Bristol Myers Squibb Discuss $400bn Pharma Megamerger
UK drugmaker AstraZeneca is in talks to combine with US rival Bristol Myers Squibb in a deal that would create one of the world’s biggest pharmaceutical groups, valued at nearly $400bn.
Kawhi Leonard Trade Stalls as NBA Investigation Clouds Blockbuster Deal
One of the NBA's biggest offseason trades has hit an unexpected roadblock—not because of player negotiations, but because of an ongoing league investigation. According to multiple NBA reporters, the Toronto Raptors are refusing to finalize a trade for Kawhi Leonard from the Los Angeles Clippers while the
Market Rumor - Leopold Aschenbrenner’s Situational Awareness seeks to raise capital after AI rout
Situational Awareness, the $20bn hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital from investors after suffering heavy losses during the recent rout in AI stocks, according to the Financial Times.
Barclays Shares Slide as Higher Banker Pay Fails to Close Wall Street Gap
Barclays shares suffered their steepest decline in more than a year after its second-quarter results showed that growth in investment banking and US consumer banking had failed to match the pace set by larger American rivals.
Market Rumor - Iran-Oman Talks Focused on Restarting Hormuz Shipping Traffic
Negotiators from Iran and Oman are trying to reach an agreement to restore shipping through the Strait of Hormuz, according to people familiar with the matter.
Nvidia Credit Risk Surges as $750 Billion AI Push Raises Financing Fears
The cost of protecting Nvidia Corp.’s debt against default surged by the most on record Monday, after reports of the chipmaker being in conversations on more than $750 billion of artificial intelligence infrastructure deals stoked fears about the company’s obligations.
Global Chip-Equipment Stocks Tumble on China DUV Production Rumor
ASML Holding NV shares slid to the lowest since early June after a report that a Chinese state-backed company has begun mass producing certain chipmaking machines, posing a potential threat to the Dutch firm’s sales.
Rules & Mandates - Greek shipping carve-out on Russia sanctions prompts EU rethink
Brussels is considering changing the way the European Union adopts sanctions against Russia after Greece delayed a broad package while seeking protections for a domestic shipping company.
