Microsoft CEO Nadella calls for controls to halt AI models mid-task
His proposed safeguards include separating models from their orchestration systems and keeping tamper-proof records of significant actions.
Globe And Street: global business and finance news
IPO & Deals
Apple discloses Huxe hiring and technology licensing deal
Apple notified the European Commission on June 9. The filing leaves the employees’ identities, acceptance of offers and Apple’s plans undisclosed.
IPO & Deals
Nvidia in talks on further Reflection AI investment or takeover
The early-stage discussions could also lead to a staff-hiring and technology-licensing arrangement, according to a media report.
- WorldEU and China agree to curb hybrid vehicle exports to Europe
- MarketsGlobal stocks rise ahead of bank earnings as Treasury yields edge higher
- Economy & PolicyCFTC proposes explicitly including event contracts in swap definition
- CompaniesAmazon names new Alexa leader as Daniel Rausch steps away
- IPO & DealsApple discloses Huxe hiring and technology licensing deal
- Energy & CommoditiesPetra Power eyes 2028 fuel-cell rollout for data centers
- Crypto & Digital AssetsCFTC seeks input on framework for retail crypto transactions
- FinanceSEC proposes restoring most fixed-income cross trades for registered funds
- TechMicrosoft CEO Nadella calls for controls to halt AI models mid-task
EU and China agree to curb hybrid vehicle exports to Europe
The understanding also covers rare-earth export licensing and improved access to China for EU goods worth almost €4 billion in current exports.
World shares gain as Treasury yields edge higher
The S&P 500 rose 0.5% and European shares gained 1%, while Brent crude traded at $104.48 per barrel.
CFTC proposes explicitly including event contracts in swap definition
The proposal covers contracts tied to sports, politics, culture and weather, with written comments due within 30 days of Federal Register publication.
Amazon names new Alexa leader as Daniel Rausch steps away
Fire TV executive Aidan Marcuss will replace Rausch, who is due to return to Amazon’s devices and services division in 2027.
Cloudflare to acquire Deno to develop Workers platform
Financial terms were not disclosed. Deno, co-founded by Node.js creator Ryan Dahl and Bert Belder, had raised $26 million.
Petra Power eyes 2028 fuel-cell rollout for data centers
The company has received Defense Department contracts worth nearly $9 million, but its vehicle power systems remain in testing.
CFTC seeks input on framework for retail crypto transactions
The agency is considering crypto-specific compliance guidance and a registration subcategory for markets dedicated to the transactions.
SEC proposes restoring most fixed-income cross trades for registered funds
The proposal would revise pricing and oversight requirements and add aggregate reporting of trading activity.
Musk targets Ambani over Starlink’s stalled entry into India
Indian officials deny preferential treatment, saying security checks remain necessary before Starlink and two other operators can receive spectrum.