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Iran declares Strait of Hormuz open to shipping; Trump says U.S. blockade still active
Iranian Foreign Minister Seyyed Abbas Araghchi in Cairo, Egypt, on Oct. 17, 2024. Sayed Mohamed | Xinhua News Agency | Getty Images Iran on Friday declared the Strait of Hormuz completely open to commercial traffic during the ceasefire between Israel and Lebanon. “In line with the ceasefire in Lebanon, the passage for all commercial vessels […]
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World
Investors are due a brutal wake-up call as economic reality sets in — and there’s nowhere to hide
Investors are dangerously underestimating the lasting impact of the Middle East war, as markets rally on optimism over a ceasefire agreement and rapid economic rebound. That’s the view of Sophie Huynh, portfolio manager and strategist at BNP Paribas Asset Management, who warned the market is not reflecting “the economic reality of what we could be […]
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World
Nvidia AI chip rivals attract record funding as competition heats up
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Nvidia has cemented itself at the heart of the AI boom with a monopoly on the most powerful chips to train and run models, but a growing crop of startups are set on challenging the company’s supremacy. And […]
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