Business

Asian shares decline and OpenAI investor SoftBank shares plunge after calls to slow AI industry

Monday, September 14 by SRN News

HONG KONG (AP) - Asian shares were mostly lower Monday as shares of AI-related stocks, including Open AI investor SoftBank, declined following calls from Anthropic and OpenAI to slow AI development for safety. U.S. futures edged lower, while oil prices gained more than 2% as... Read More.

AirBaltic files for Chapter 11 bankruptcy as Iran war costs bite

Monday, September 14 by SRN News

Sept 14 (Reuters) - Latvia's airBaltic voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York, it said on Monday, as part of a restructuring to reduce debt as the Iran war piles stress on the airline sector. AirBaltic said... Read More.

Companies left China to dodge tariffs. Now some are heading back

Monday, September 14 by SRN News

By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG, Sept 14 (Reuters) - A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing... Read More.

Chevron eyes Argentina, Mediterranean for global LNG growth, deal with India

Monday, September 14 by SRN News

By Emily Chow and Florence Tan BANGKOK, Sept 14 (Reuters) - Chevron is looking to expand its global gas portfolio from Argentina to the Mediterranean to meet growing demand from buyers concerned about energy security due to the crisis in the Middle East, President of... Read More.

Yemen’s Houthi rebels seize more key islands in southern Red Sea, tighten grip on shipping routes

Monday, September 14 by SRN News

CAIRO (AP) - Yemen's Iranian-backed Houthi rebels captured more strategic islands in the southern Red Sea, government and Houthi officials said Monday, strengthening their control of a major maritime shipping route. The capture of the islands of Greater and Lesser Hanish came as Saudi-backed government... Read More.

Explainer-How China is preparing for the risk of AI escaping human control

Monday, September 14 by SRN News

By Eduardo Baptista and Laurie Chen BEIJING, Sept 14 (Reuters) - Warnings from researchers at leading U.S. artificial intelligence developer Anthropic that increasingly powerful models could escape human control and even lead to the extinction of the human race have drawn attention in China, where... Read More.

China state newspaper blasts Anthropic’s calls to slow AI as ‘Cold War’ tactic

Monday, September 14 by SRN News

BEIJING, Sept 14 (Reuters) - An essay by Anthropic's CEO calling for a slowing down of AI development may look like a rational statement focused on safety risks, but it is really a "Cold War playbook" targeting China, the state-backed Global Times said in... Read More.

Goldman Sachs now expects Fed to hike rates in September

Sunday, September 13 by SRN News

Sept 13 (Reuters) - Goldman Sachs now expects the U.S. Federal Reserve to raise interest rates by 25 basis points at its September policy meeting, reversing its previous forecast for rates to remain unchanged. The Wall Street bank said in a note on Friday that... Read More.

Michael Dell’s DFO Management nears take-private deal for Baldwin Insurance Group, FT reports

Sunday, September 13 by SRN News

(Corrects year of results in last paragraph to 2026, not 2025) Sept 13 (Reuters) - Dell CEO Michael Dell's DFO Management is nearing a take-private deal for insurance brokerage firm The Baldwin Insurance Group, the Financial Times reported on Sunday. DFO Management is in advanced... Read More.

Shares skid in Asia as oil rises, rate hikes loom

Sunday, September 13 by SRN News

By Wayne Cole SYDNEY, Sept 14 (Reuters) - Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new... Read More.

Current Weather

Asian shares decline and OpenAI investor SoftBank shares plunge after calls to slow AI industry

AirBaltic files for Chapter 11 bankruptcy as Iran war costs bite

Companies left China to dodge tariffs. Now some are heading back

Chevron eyes Argentina, Mediterranean for global LNG growth, deal with India

Yemen’s Houthi rebels seize more key islands in southern Red Sea, tighten grip on shipping routes

Explainer-How China is preparing for the risk of AI escaping human control

China state newspaper blasts Anthropic’s calls to slow AI as ‘Cold War’ tactic

Goldman Sachs now expects Fed to hike rates in September

Shares skid in Asia as oil rises, rate hikes loom

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