US, Iran edge closer to peace agreement
The United States and Iran have moved closer toward a potential agreement to end their nearly three-month-old conflict, with negotiators reportedly agreeing on broad principles for a peace framework, although major sticking points remain unresolved. A senior Trump administration official told CBS News that Washington and Tehran were working toward a finalised agreement, with Iran having in prin
Warsh sworn in as Fed chair amid inflation risks
Kevin Warsh has been sworn in as chair of the Federal Reserve at a pivotal moment for the United States economy, as policymakers grapple with rising inflation pressures linked to the conflict involving Iran and Israel and growing concerns over consumer confidence. Warsh signalled an intention to pursue major reforms at the central bank shortly after taking the oath of office. “I will lead a
DeepSeek slashes price of new AI model
Competition in the artificial intelligence (AI) market has escalated with DeepSeek announcing it will permanently slash prices for its flagship artificial intelligence tool by 75%. The Chinese artificial intelligence startup said it would lower the price of its V4 Pro model to between 0.025 and 6 yuan per million tokens ($0.0035 to $0.83), depending on usage type, from 0.1 to 24 yuan per millio
Activists set the price as Uber hunts Delivery Hero deal
Uber's board met on Saturday to weigh raising its takeover offer for Germany's Delivery Hero after a major investor rejected the ride-hailing giant's opening bid, the Financial Times reported, citing three people familiar with the matter. The San Francisco company had offered €33 per share for all remaining Delivery Hero shares, valuing the Berlin-based group at roughly €10 billion (US$11.6 bil
Huang flags China CPU play; H200 shipments at zero
Nvidia's chief executive has confirmed China is part of the company's US$200 billion CPU market projection, even as export restrictions have prevented a single H200 chip from reaching a Chinese customer. Jensen Huang arrived at Taipei's Songshan Airport on Saturday ahead of next month's Computex trade show and a scheduled meeting with TSMC chairman C.C. Wei. The meeting is focused on securin
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