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Germany’s New Hybrid Military Service Plan Signals a Shift in Europe’s Defense Economics
Germany’s decades-long experiment with a fully volunteer military is entering a new chapter. On Thursday, Chancellor Friedrich Merz’s conservative-led government and the centre-left Social Democrats reached a long-awaited compromise on the future of military service — a core pillar of…
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UBS–Credit Suisse Merger Continues to Raise Funding Costs Across Swiss Banking Sector
When UBS absorbed Credit Suisse in March 2023, the historic state-engineered rescue was framed as the only viable path to prevent a broader banking crisis. More than two years later, the Swiss National Bank (SNB) says the aftershocks are still…
Europe Explores Pooling Dollar Reserves as Fed Ties Come Under Political Strain
European financial officials are quietly debating whether to pool dollar reserves across multiple central banks in an attempt to reduce their exposure to the U.S. Federal Reserve’s liquidity backstops — a foundational piece of the global financial system that has…
Elon Musk Denies Reports of a $15 Billion Funding Round as xAI Faces Rising Pressure to Scale
Elon Musk on Thursday forcefully denied reports that his artificial intelligence startup xAI has raised $15 billion in a new Series E funding round, dismissing CNBC’s latest claim as “false” in a statement posted to X. The denial comes at…
Pfizer’s $10 Billion Metsera Deal Signals an Ambitious Bid to Reclaim Leadership in Obesity Pharma
Pfizer has officially closed its acquisition of Metsera in a deal worth up to $10 billion, marking one of the drugmaker’s largest strategic bets in years and its most decisive re-entry into the booming global obesity market. The deal, approved…
Nexperia Clients Explore Emergency Workaround as Europe-China Chip Feud Threatens Auto Supply Chains
Europe’s already strained semiconductor supply chain is facing a new, highly complex rupture as major customers of Nexperia—the Chinese-owned Dutch chipmaker—move to engineer a temporary workaround to keep critical automotive components flowing. According to sources familiar with the discussions, automakers…
Conservative Influencers Rally Around Trump as Congress Eyes Release of Epstein Files
The political battle over Jeffrey Epstein’s legacy entered a volatile new phase this week as House lawmakers prepared to vote on a resolution requiring the Justice Department to publish its unclassified Epstein files. The move comes amid the release of…
South Korea Pauses Flights and Markets as 500,000 Students Take High-Stakes University Exam
South Korea’s economy slowed down on Thursday—not because of markets, inflation data, or global risk sentiment, but because more than 550,000 students sat for the country’s notoriously high-stakes university entrance exam, the Suneung. The test, which has the power to…
Regional Fed banks face new uncertainty as White House sees openings for influence
A quiet but consequential process inside the U.S. Federal Reserve is drawing unusual scrutiny as political pressure intensifies in Washington. The reappointment cycle for the Federal Reserve’s 12 regional bank presidents—traditionally a routine administrative exercise—is now emerging as a potential…
Anthropic’s $50 Billion U.S. Bet: Building the Nerve Centers of the AI Economy
The race to own the future of artificial intelligence is no longer about algorithms — it’s about infrastructure.On Wednesday, Anthropic, one of the world’s leading AI developers, announced a $50 billion investment to build a network of data centers across the United States…