Saudi Arabia has a new, and pricier, workaround to export its oil
Loadings at a Mediterranean port have picked up as Saudi Arabia races to offer its oil to buyers through a lengthier — and more expensive — backdoor.
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Trump threatens EU tariffs over U.S. tech giant fines
President Donald Trump on Friday said his administration will launch a trade probe into the European Union that will cancel hefty fines levied against U.S. tech giants and likely result in a “substantial” tariff on the 27-member bloc. Trump, in a lengthy Truth Social post, accused the EU of “‘ROBBING’ American Companies and, in turn,…
Amazon makes sellers label AI-generated people in images after NY law
Amazon parcels are prepared for delivery at Amazon’s Robotic Fulfillment Centre. Nathan Stirk | Getty Images Amazon is requiring that third-party sellers label any product images or videos that contain “AI-generated people” after New York recently passed a law mandating greater transparency around “synthetic performers” in ads. The company informed sellers Wednesday of the policy…
U.S. GAO – We Went Undercover to Test Federal Building Security
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Bank of England and Financial Conduct Authority – Memorandum of Understanding on the supervision of Financial Market Infrastructure
Statement The Bank of England (Bank) co-operates with the Financial Conduct Authority (FCA) to supervise financial market infrastructure (FMI). The framework for cooperation is set out in a memorandum of understanding (MoU)footnote [1]. This MoU facilitates effective supervision and policy making by exchanging information between the regulators and promotes efficiency by minimising duplication of regulatory activities regarding…
How AI Could Reinforce Dollar Dominance by Chenxu Fu & Xianguo Huang
While policymakers and economists debate the future of dollar dominance, AI companies, cloud providers, and payment networks might already be writing it into the next chapter of international monetary history. Those who hope to shape that chapter must act now—or risk being left off the page. SINGAPORE—The signing of a 20-year data-center lease probably does…
