US and China leaders emphasize trade cooperation and avoiding conflict in initial remarks at high-stakes economic talks. US President Donald Trump and Chinese President Xi Jinping opened their Beijing summit with remarks stressing trade ties and global stability. Xi highli
The firm supports a global AI oversight body led by the US, marking a rare collaboration amid rising tech tensions between Washington and Beijing. OpenAI announced support for a US-led global artificial intelligence governance body that includes China as a member. The move
Bank of Japan’s Kazuyuki Masu says potential Iran war-driven energy crisis may hit Japan harder than the 1973 oil shock. Bank of Japan policy board member Kazuyuki Masu stated that an Iran war-driven energy shock could have a more severe impact on Japan’s economy than the
Spot Bitcoin ETFs in the US saw their largest single-day net outflows of $635 million on May 13, driven by BlackRock’s IBIT. U.S. spot Bitcoin exchange-traded funds recorded net outflows of $635 million on May 13, marking one of the largest single-day declines this year. B
Aeluma expects $4.2M-$4.6M in FY2026 revenue Aeluma has outlined its revenue guidance for FY2026, expecting to generate between $4.2M and $4.6M. The company's engagements in the AI datacom market have accelerated, according to its CEO. The revenue guidance comes
Man recovers 5 Bitcoin with AI chatbot help A man used an AI chatbot named Claude to recover 5 Bitcoin from a dormant wallet. The recovery was made possible after Claude helped search through various devices and data storage systems. Industry reports estima
China’s offshore yuan strengthens to its highest level since February 2023 while the PBOC sets a firmer-than-expected reference rate. China’s offshore yuan (CNH) surged to its strongest level against the USD since February 2023, reflecting market sentiment ahead of high-le
The medical device firm reported Q1 2026 net revenue of $16.7 million, up 65% year-over-year, prompting raised guidance. Shoulder Innovations raised its 2026 net revenue forecast to $65M-$68M after posting Q1 2026 revenue of $16.7 million. The figure marks a 65% increase f
Traders pause ahead of Q1 UK GDP data and updates on the Trump-Xi meeting after three sessions of GBP losses. GBP/USD trades around 1.3520 in Asian hours, recovering slightly after three consecutive days of declines. The pair remains rangebound as investors await key UK ec
Traders await UK Q1 2026 GDP data and US-China tariff reduction talks amid geopolitical tensions and US inflation pressures. The British Pound holds near 1.3520 against the US Dollar in Asian trading, recovering from three consecutive days of losses. Investors are focused