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AI-linked Asian stocks slump after top lab CEOs call for slowing down technology's development
7+ hour, 21+ min ago (412+ words) SINGAPORE (Sept 14): AI-connected stocks fell sharply in early Asian trading on Monday after the CEOs of the companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Anthropic CEO Dario Amodei…...
Oil jumps as shutdown of Saudi pipeline deepens energy crisis
12+ hour, 15+ min ago (433+ words) (Sept 14): Oil advanced after Saudi Arabia shut a major crude pipeline following attacks, disrupting a route that’s been used to bypass the Strait of Hormuz during the US-Iran war and deepening a global energy crunch. Global benchmark Brent rose toward…...
South Korea's expanded espionage law takes effect amid push to protect chip technology
1+ day, 9+ hour ago (285+ words) The Edge Malaysia SEOUL/BEIJING (Sept 13): South Korea's expanded espionage law takes effect on Sunday, broadening espionage offences beyond acts involving North Korea to include all foreign countries as Seoul seeks to protect key technologies amid intensifying competition in semiconductors…...
South Korea aims to finalise details of US investment plan this week, minister says
1+ day, 25+ min ago (165+ words) SEOUL (Sept 13): South Korea will hold further talks with the US early this week to finalise details of Seoul's proposed US$350 billion investment commitment to the US, South Korean Industry Minister Kim Jung-kwan said on Sunday. Speaking to reporters after…...
Pentagon in talks to lend US$5 bil to AI cloud startup Fluidstack, WSJ reports
3+ day, 10+ hour ago (158+ words) MEXICO CITY (Sept 10): The Pentagon is in talks to lend about US$5 billion to AI cloud-computing startup Fluidstack to shore up the US data centre supply chain, the Wall Street Journal reported on Thursday, citing people familiar with the matter....
Opec further lowers 2026 global oil demand growth forecast
3+ day, 20+ hour ago (105+ words) The Edge Malaysia (Sept 10): Opec on Thursday lowered its forecast for world oil demand growth in 2026 to 380,000 barrels per day, a copy of its monthly report showed, marking the fifth straight downward revision. The producer group continues to see a…...
US existing home sales in August slide to weakest pace in more than a year
3+ day, 21+ hour ago (434+ words) (Sept 10): Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year, as would-be buyers waited for relief on mortgage rates before purchasing. Contract closings slipped 2% to an annualised rate of…...
US weekly jobless claims edge down as layoffs remain low
3+ day, 23+ hour ago (212+ words) theedgemarkets.com WASHINGTON (Sept 10): The number of Americans filing claims for unemployment benefits fell last week, suggesting that layoffs remained low and continued to anchor the labour market. Initial claims for state unemployment benefits dipped 1,000 to a seasonally adjusted 206,000 for…...
South Korea nears agreement worth over US$100 bil in US investments, WSJ reports
4+ day, 3+ hour ago (254+ words) (Sept 10): The South Korean government is preparing to announce a major energy investment project in the United States worth more than US$100 billion aimed at boosting artificial intelligence build-out, the Wall Street Journal reported on Thursday. The deal would see…...
TSMC revenue rises 53% as AI chip demand outstrips supply
4+ day, 3+ hour ago (397+ words) The Edge Malaysia (Sept 10): Taiwan Semiconductor Manufacturing Co reported a 53.3% increase in monthly sales, with the company struggling to meet overwhelming demand from the global AI infrastructure buildout. Revenue in August reached NT$514.8 billion (US$16.3 billion or RM66.3 billion). Analysts on…...