India is set to sign an $8 billion deal for German-designed Type 214 submarines, featuring air-independent propulsion (AIP) technology. The move aims to bolster India's naval capabilities amid rising tensions in the Indo-Pacific, driven by China's growing naval power and Pakistan's military ties with Beijing. The submarines will be built in India, involving technology transfer.
Americans express significant concern over AI's future impact, with 80% worried and over half expecting more harm than good. Despite skepticism, AI is increasingly integrated into investments and retirement plans, notably through upcoming IPOs from SpaceX, Anthropic, and OpenAI, potentially consolidating tech billionaires' control over financial futures.
Employees at AI companies like OpenAI and Anthropic are poised to make billions from upcoming IPOs, driving up San Francisco Bay Area home prices. Median prices hit $2m in March 2026, with homes selling in a record 29 days. Experts predict continued demand despite low supply.
Alaska's $5.3 billion seafood industry faces significant challenges as the National Science Foundation plans to decommission the Ocean Observatories Initiative, a vital deep-ocean monitoring system. The loss of real-time data from Ocean Station Papa is expected to hinder efforts to manage fisheries and prepare for extreme weather events in the rapidly warming state.
Singapore police confirmed active arrest warrants and Interpol red notices for fugitive financier Jho Low and his associate Tan Kim Loong, both implicated in the 1MDB scandal. Seized assets linked to Low and his family in Singapore are valued at approximately US$127 million.
Chinese firms lead Benin's infrastructure overhaul with Terminal 5 at Cotonou Port, key highways, and strategic corridors, backed by multibillion-dollar investments.
Donald Trump calls for federal control over prediction markets via the CFTC, opposing state-led restrictions, despite his family's ties to the industry and ethical concerns over insider trading and gambling-like activities.
US lawmakers have introduced the American Reserve Modernization Act (ARMA) to create a strategic Bitcoin reserve and a digital asset stockpile, aiming to solidify the nation's position in the digital asset market and manage seized cryptocurrencies.
A joint operation in Cambodia has led to the arrest of individuals accused of running a multibillion-dollar online scam empire. Authorities confiscated numerous devices used for technology-based fraud, targeting fake investment schemes.
JPMorgan CEO Jamie Dimon expressed concerns that the UK's political climate could impact the bank's multibillion-dollar London office tower plans. He stated that a government "hostile to the banks" might lead JPMorgan to reconsider investments, despite supporting Keir Starmer and Rachel Reeves.
Jho Low, fugitive financier at the center of the $4.5bn 1MDB scandal, seeks a US presidential pardon for corruption and money laundering charges, prompting opposition from Malaysia's taskforce chair Johari Abdul Ghani.
Four paintings linked to one of the world’s most audacious financial frauds stood on easels at Malaysia’s anti-corruption headquarters on Wednesday: a Picasso, a Miro, a Balthus and an Ultrillo – all allegedly bought with money stolen from the Malaysian people. The unveiling of the works at the Malaysian Anti-Corruption Commission’s (MACC) headquarters in Putrajaya marked the first public showing of artworks recovered from the multibillion-dollar Malaysia Development Berhad (1MDB) scandal since...
Former major winner ‘committed to making team golf work’Rebel tour now working on a junior golf initiative, he saysBryson DeChambeau, the two times US Open champion, has denied reports he is seeking a way out of the beleaguered LIV Golf, the rebel series whose future looks bleak after Saudi Arabian backers indicated they are pulling their multibillion-dollar sponsorship at the end of the 2026 season.LIV Golf is seeking to secure fresh backers in the wake of the decision by Saudi Arabia’s Public Investment Fund (PIF) to scrap its $5bn (£3.68bn) investment in golf, as part of a general retreat from sports sponsorship. There is every prospect the 2026 season will prove LIV’s last. Continue reading...
Samsung heirs are completing the final installment of their 12 trillion won (US$8.1 billion) inheritance tax this month, wrapping up five years of payments. The Lee family's combined wealth has climbed to US$45.5 billion as of March from roughly US$20.1 billion a year earlier, driven by an AI-driven upswing in semiconductor valuations. They are now Asia's third-richest family, up from 10th last year, cementing their control over Samsung.
China has ordered Meta to unwind its multibillion-dollar Manus acquisition, dealing a potential setback to Zuckerberg’s push into AI agents.
Mira Murati's Thinking Machines Lab has signed a multibillion-dollar deal with Google Cloud for AI infrastructure powered by Nvidia's latest GB300 chips, TechCrunch has exclusively learned.
The sale of family-owned Sylvester Chevrolet in Pennsylvania illustrates a broader wave of consolidation in U.S. auto retail as smaller dealers face pressure from scale, technology costs and changing industry demands.
High oil prices offer significant profit boosts to the industry, but also pose risks like economic slowdown, increased interest in alternatives, and investor caution, creating a complex dynamic for oil producers.
