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The IMF warned that “zombie companies” — whose earnings haven’t covered interest payments for at least three years — now comprise more than a fifth of Asia’s outstanding corporate debt, potentially posing a systemic risk.
The company has faced years of falling revenue amid a shift in online dating habits.
The British intelligence agency is now devoting more resources to state threats than during the Cold War, Ken McCallum said.
Nvidia CEO Jensen Huang said he plans to unveil $2 billion in new European investments next week, as the continent’s economic prospects get a boost from AI.
Ukraine’s leader said he received no advance warnings from Western partners before a Russian missile strike on Tuesday.
Debt marketed this week for an Anthropic-backed project in Norway shows lenders’ skittishness; high interest rates and a credit-rating provision.
The president’s goal remains persuading his loyalists to turn out in an election where he isn’t on the ballot.
The battle for Congress is shifting deeper into red territory as both parties deem some races essentially over.
International energy bosses were largely absent from this week’s World Petroleum Council Energy Congress, held in Riyadh, after the Houthi attack.
The contradictory tangle of energy policy actions taken by Trump toward Russia risks repeating mistakes that he often slammed his predecessor for.
In 1968, two female artists hung their paintings in the Dar Al-Tarbia Al-Hadetha school, among the first exhibitions women had ever held in Saudi Arabia.
Chicago Fed President Austan Goolsbee warns of “spillover” from AI price spikes into unrelated parts of the economy.
The Houthis are heirs to a 1,000-year-old Zaydi imamate that ruled northern Yemen on and off until the modern state was established in 1962.
The two countries were also responsible for every round of $100 million or more. Regional funding fell 7%, and the number of deals dropped by a third.
The Middle East and North Africa is now expected to be the only region to shrink this year. In April, the IMF forecast Saudi Arabia and the UAE would grow.
Experts warn that this year’s supercharged El Niño risks making storms longer and more destructive.
Banking regulators on both sides of the Atlantic were increasingly asking questions of institutions’ use of AI models.
Increasing energy prices and higher-for-longer inflation expectations have sent mortgage rates to recent records.
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