An internal memo shows Meta Platforms plans to start manufacturing its custom 'Iris' AI chip in September as part of a major push to double its computing capacity and reduce reliance on external suppliers like Nvidia.
Australian authorities have confirmed the first case of H5N1 avian influenza in a native seabird, a development signaling the virus may be establishing itself within local wildlife and posing a potential risk to the country's agricultural sector.
The benchmark index for global shipping rates rose for the week, propelled by a more than 13% jump in the capesize vessel segment amid strong demand for key industrial commodities.
Crude oil benchmarks jumped after Tehran announced the closure of the critical shipping lane amid an expanding conflict with the U.S., reigniting fears of a major global supply disruption.
The British pound weakened against a broadly stronger U.S. dollar, which gained on safe-haven demand fueled by rising oil prices and investor anticipation of hawkish Federal Reserve minutes.
Saudi Arabia's Tadawul All Share index gained 0.10% on Sunday, supported by industrial and cement stocks, though declining shares outnumbered advancers, indicating mixed investor sentiment.
With the U.S. midterm elections approaching, major legislation is unlikely, but investors should monitor key developments in trade, regulation, and geopolitics that could impact various sectors, according to a Wolfe Research note.
The U.S. has reportedly struck Iranian missile systems and naval assets near the critical Strait of Hormuz, escalating geopolitical tensions and fueling volatility in global energy markets.
South Korea has launched round-the-clock trading for its currency against the U.S. dollar, a major reform aimed at improving access for global investors and strengthening its case for an MSCI developed-market upgrade.
