Congestion in Singapore’s waters is rising as the Iran war disrupts shipping routes, forcing vessels bound for the Middle East to drop anchor near its ports. Congestion in Singapore’s waters is rising as the Iran war disrupts shipping routes, forcing vessels bound for the Middle East to drop anchor near its ports. See how Singapore’s…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. The past week has seen some progress, albeit uneasy and stilted, being made towards ending the Iran war. A two-week ceasefire was agreed on Wednesday, and while it looks fragile, hopes of the conflict approaching a close are…
The Euronext NV stock exchange in Paris. Nathan Laine | Bloomberg | Getty Images Shares in Europe nudged higher on Friday morning as the fragile ceasefire between the U.S. and Iran continues to test investors’ nerves. The pan-European Stoxx 600 index was seen trading up 0.3% shortly after 9:30 a.m. in London, with most sectors…
The Alibaba logo is pictured during a tour at the Alibaba office in Beijing on April 1, 2026. Wang Zhao | Afp | Getty Images A mysterious AI video model that has ascended global leaderboards has been confirmed as a project from Chinese tech giant Alibaba, in a development that could boost the company’s artificial…
Taiwan Semiconductor Manufacturing Company’s logo is seen in the background beside a printed circuit board. Sopa Images | Lightrocket | Getty Images Taiwan Semiconductor Manufacturing Co. on Friday posted another quarter of record revenue driven by demand for AI chips. For January to March, the world’s largest chipmaker reported revenue of 1.13 trillion new Taiwan…
The Eli Lilly and Novo Nordisk logos. Mike Blake | Tom Little | Reuters The market share of India’s most popular weight‑loss drugmaker, Eli Lilly, slipped in March, while rival Novo Nordisk held steady even as Indian generic drugmakers flooded the market with lower‑priced copies. Eli Lilly’s Indian market share in the GLP‑1 category of…
This aerial view shows the factory suburb Yanbu, before stage 12 from Yanbu to Yanbu, Saudi Arabia, on Jan. 19, 2024. Patrick Hertzog | AFP | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. A lot has changed in a week, but investors…
The Trump administration is increasingly on a collision course with the European Union over Big Tech fines. Google, Apple and Meta are contesting fines from the EU over violations of the bloc’s antitrust and competition laws, which total over 6 billion euros, or $7 billion, since the start of 2024. They’re an increasing bone of…
Artificial intelligence lab Anthropic is exploring the possibility of designing its own chips, three sources said, as the company and its rivals respond to a shortage of AI chips needed to power and develop more advanced AI systems. Samuel Boivin | Nurphoto | Getty Images Artificial intelligence lab Anthropic is exploring the possibility of designing its own chips, three sources said, as the…
Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open….
