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UK Attorney General orders department off X over disinformation
Richard Hermer became the first cabinet minister to pull a government department from Elon Musk's platform, citing its role in amplifying racist violence.
Eurozone bond yields climb as US-Iran talks fall through
Germany's 10-year bund yield rose Friday after Switzerland confirmed scheduled US-Iran peace talks would not proceed, compounding ECB rate-hike pressures.
European gas prices rebound after U.S.-Iran talks scrapped
The collapse of Friday's planned negotiations in Switzerland and Israeli strikes in Lebanon reversed a six-session slide in TTF futures.
Oil climbs back above $80 as US-Iran talks collapse
Brent crude reversed its post-ceasefire decline Friday after scheduled peace negotiations in Switzerland were called off, raising doubts about the deal's future.
ECB’s Wunsch says July rate hike possible if inflation persists
The remarks come a week after the ECB raised its deposit rate to 2.25%, its first hike since 2023, amid inflation driven by the Iran conflict.
BofA cuts Brent forecast to $82 on Hormuz reopening
The bank previously projected $93 per barrel for 2026 but now expects prices in the $70-$80 range for the second half of the year.
Google deploys billions to challenge Nvidia’s AI chip dominance
The search giant is backing data centers with financial guarantees to win customers for its TPU chips, borrowing a strategy Nvidia pioneered.
Record grain stocks may buffer El Nino food supply shock
Global wheat, rice, and corn inventories are near all-time highs even as forecasters warn of a potentially historic El Nino disrupting crops.
Russia’s central bank cuts rate by just 25 bps, defying larger expectations
The Bank of Russia lowered its benchmark rate to 14.25%, half the reduction analysts expected, citing fuel supply risks from Ukrainian drone strikes.
Musk and Z.ai founder clash over China’s AI timeline
Z.ai co-founder Jie Tang told Elon Musk on X that China will match Anthropic's Fable-class AI sooner than Musk's Q1 2027 estimate.