Stellantis CEO says Wayve partnership could lower driver-assistance costs
The automaker targets a North American launch in 2028 for its first product using Wayve’s AI driving software.
Globe And Street: global business and finance news
Energy & Commodities
Battery storage undercuts gas turbines across 43 markets, Wood Mackenzie says
The consultancy found four-hour batteries cheaper than open-cycle gas turbines, while solar ranked as the least expensive source of new power.
Economy & Policy
World trade hit $35 trillion in 2025 as access barriers grew, UNCTAD says
The UN agency said technology and policy restrictions limited developing countries’ participation, while financial risks and pressure on development finance increased.
- WorldEU and China agree to curb hybrid vehicle exports to Europe
- MarketsWorld shares gain as Treasury yields edge higher
- Economy & PolicyWorld trade hit $35 trillion in 2025 as access barriers grew, UNCTAD says
- CompaniesNetflix preparing to cut about 5% of jobs, media report says
- IPO & DealsSoftBank's Son seeks up to $100 billion from Gulf investors for AI
- Energy & CommoditiesBattery storage undercuts gas turbines across 43 markets, Wood Mackenzie says
- Crypto & Digital AssetsFinCEN abandons proposed reporting requirements for private crypto wallets
- FinanceSEC proposes restoring most fixed-income cross trades for registered funds
- TechStellantis CEO says Wayve partnership could lower driver-assistance costs
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.
WTO upgrades goods trade outlook as AI demand bolsters Asia
The WTO expects Asia to contribute 4.0 percentage points to global goods trade growth in 2026, while conflict-related disruptions weaken the services outlook.
Automattic confirms departure of interim finance chief Jeremy Klaperman
A person at the WordPress.com parent said Klaperman resigned after being demoted to his previous role following a disagreement with CEO Matt Mullenweg.
SoftBank's Son seeks up to $100 billion from Gulf investors for AI
The proposed fund would acquire companies and use AI and other advanced technologies to improve their operations, according to a media report.
Asian nations pursue oil reserves and clean energy amid Iran war
The Philippines plans a national oil reserve by the end of 2027, while ASEAN countries have advanced a preliminary agreement on a regional electricity grid.
FinCEN abandons proposed reporting requirements for private crypto wallets
The agency also withdrew a separate proposal covering crypto mixers. Neither measure had taken effect.
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.
OpenAI rejects researchers’ claim that safety warnings led to dismissals
Three former researchers questioned the company’s commitment to open debate and independent audits. OpenAI said it was finalizing contracts with outside safety assessors.