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US Treasury, federal housing agency ending use of Anthropic products
The US Treasury and Federal Housing Finance Agency are terminating all use of Anthropic AI products following President Trump's directive amid national security concerns.
Global brands shut Middle East stores as conflict causes chaos
Global brands including Chalhoub Group, Amazon, and Gucci temporarily close stores in the Middle East as conflict disrupts business and travel in the region.
Credit markets dented as Middle East war adds another worry for investors
Credit markets in Europe and the U.S. face pressure as the Middle East war escalates, raising default insurance costs and investor concerns over private credit risks.
Iran conflict disrupts global shipping as tankers are stranded, damaged
The Iran conflict has disrupted shipping in the Strait of Hormuz, damaging tankers, killing crew members, and causing insurers to cancel war risk coverage.
Oil and gas surge as Iran war disrupts Middle Eastern output
Oil and gas prices surged due to Israeli and U.S. strikes on Iran, causing shutdowns and shipping disruptions in the Middle East, impacting global markets and inflation.
US tariff lawsuits returned to trade court to determine next steps
The U.S. Court of Appeals sent lawsuits on Trump-era tariffs back to the Court of International Trade to decide refund procedures for importers.
BlackRock consortium to purchase AES for $10.7B
Arlington power company AES is set to be purchased by a BlackRock-led consortium and go private by early 2027.
Stocks fall as investors mull AI disruptions, oil prices rise
NEW YORK, Feb 27 (Reuters) – Global stocks edged lower on Friday, weighed down by persistent concerns about high valuations and the disruptive force of AI, while the potential for oil supply disruptions due to tensions between the U.S. and Iran lifted crude prices. Market sentiment has weakened as investors worry about the broader impact […]
Warner Bros signs $110 billion deal with Paramount, its executive discloses in townhall
Paramount Skydance won the bid to acquire Warner Bros Discovery after Netflix declined to raise its offer. The deal faces regulatory scrutiny in the US and abroad.
Factbox-Companies cutting jobs as investments shift toward AI
Feb 25 (Reuters) – Investors’ and economists’ concerns that artificial intelligence will upend established industries are deepening, as Goldman Sachs warned in February that accelerating AI adoption could push U.S. unemployment higher this year, with job losses already emerging in sectors most exposed to automation. Goldman economists estimated in February that the technology was[...]
