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Vadim Risef Eye Stock | Getty ImagesLONDON — European stocks started the new week sharply lower as traders tracked developments in the Middle East and soaring oil prices.pan-european Stocks 600 The stock was down about 2.1% as of 8:35 a.m. ET in London, with all sectors selling except major stock exchanges and oil and gas.European investors are waking up to more turmoil in global markets on Monday, as oil prices rose to above $110 a barrel on Sunday for the first time since 2022, when Russia invaded Ukraine. Yields on European government bonds also rose sharply in early trading as…
AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation as the AI infrastructure boom continues, the company announced Monday.Series C featured Nvidia and was led by Aker ASA and 8090 Industries. Also featured were Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, and Point72.The new funding will help accelerate the development of Nscale’s vertically integrated AI infrastructure across Europe, North America and Asia, from GPU computing and networking to data services and orchestration software, the company said in a statement.The AI boom is “leading to the greatest infrastructure build-out in human history,”…
A drone photograph of the Evergreen container ship moored at Umm Qasr port during night operations in Basra, Iraq, on March 5, 2026. Mohamed Ati | ReutersBEIJING — The post-Iran war surge in oil prices is expected to have less of an impact on China than in past years, as the country accumulates large oil reserves and diversifies its energy sources, including renewables.With oil prices above $100 a barrel for the first time in four years, OCBC analysts said China may be “less sensitive than many of its Asian peers to a prolonged closure of the Strait of Hormuz.””China has…
london AP — One of Britain’s most notorious child killers died on Saturday after being attacked by a fellow prisoner in a high-security prison workshop. Ian Huntley, a 52-year-old former school custodian convicted of murdering two 10-year-old girls in 2003, was left on life support after being repeatedly hit in the head with a metal rod at Frankland Prison in north-east England on February 26. The murders of Holly Wells and Jessica Chapman gripped Britain for two weeks after the two best friends disappeared on August 4, 2002, after leaving a barbecue to buy candy in the eastern English village…
Dozens of people were killed when Israeli special forces raided a border area searching for the body of a long-missing airman, Lebanese authorities said. The Lebanese army said in a statement that late Friday night, four Israeli military helicopters passed through Lebanese airspace and flew into the Lebanese-Syrian border area. Two helicopters then landed and there was “intense and widespread” shelling targeting nearby villages, the statement added. As Israeli forces approached the village of Navichit, the Lebanese army said its special forces engaged in a gunfight with Hezbollah militants and local residents. The Lebanese army said the special forces wore…
Mojtaba Khamenei, the son of Iran’s Supreme Leader Ayatollah Ali Khamenei, attends a demonstration to celebrate Jerusalem Day in Tehran.Morteza Nicobazul | Nur Photo | Getty ImagesIran appointed Mojtaba Khamenei as its new supreme leader on Sunday, the Associated Press and Reuters reported, citing Iranian state media.Khamenei is the son of the late Ali Khamenei, who was killed in a volley at the start of the war. He was considered the top candidate for the role. Khamenei ruled Iran from 1989 until his death. Khamenei’s appointment gives him command of Iran’s Revolutionary Guards and other hardline groups. The Revolutionary Guards…
Last weekend, North Korean state media accused the United States and Israel of launching a “war of aggression” against Iran, but did not report on Khamenei’s death, along with dozens of members of Iran’s supreme leadership. That omission was no accident. North Korea’s political system is built around the near-mythical authority and invulnerability of its leaders. Publicly broadcasting the violent removal of another supreme leader would set a dangerous precedent. It would remind North Koreans that even the most powerful people in a tightly controlled state can be tracked, targeted and eliminated. It’s not a story that North Korea has…
Flags of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union fly in front of the Group of Seven (G7) summit on Saturday, June 14, 2025, in Banff, Alberta, Canada. Bloomberg | Bloomberg | Getty ImagesThe Iran war will be one of the most important diplomatic tests in modern history for the G7 countries. The group, which is made up of the United States, Canada, France, Germany, Italy, Japan and the United Kingdom, has been under tension during both of U.S. President Donald Trump’s terms. But the decision by Washington and Tel Aviv to…
When Ring founder and CEO Jamie Siminoff decided to introduce Search Party, an AI-powered feature that uses Ring camera footage to help find lost dogs, in the company’s first Super Bowl commercial, he expected Americans to love it. Instead, a TV spot sparked a firestorm. Indeed, from the moment it aired in February, Siminoff made the rounds on CNN, NBC, and the New York Times, explaining that his critics fundamentally misunderstood what Ring was building. While he sat down with TechCrunch a few days ago to restate his claims and openly and unambiguously expressed his enthusiasm for reframing the narrative,…
After Mojtaba Khamenei was appointed as Iran’s new supreme leader, Iran’s key power centers, including the Revolutionary Guards, quickly rallied behind him, suggesting that his late father’s hard-line policies are likely to continue. The escalation of the conflict sent oil prices soaring above $100 a barrel on Sunday, the first time they have surpassed that level since Russia’s invasion of Ukraine in 2022. Other headings include: Mojtaba’s first moves: After Mojtaba Khamenei was chosen to succeed his murdered father Ali Khamenei as the country’s new supreme leader, all eyes are now on how he will lead Iran through one of…