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Microsoft launches its own AI models to take on OpenAI and Anthropic
Seven in-house models unveiled at Build 2026 signal Microsoft’s push to cut costs and compete directly on the AI frontier as its biggest investees plan to launch record-breaking IPOs.
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Video. Markets ‘confused’ by US-Iran uncertainty, expert says
Video. Economics analyst Osama Rizvi believes the chance of markets getting “worse” or “ugly” is “more than getting better” due to the changing situation between the US and Iran. According to Rizvi, economic confidence is “going down” in Europe.
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Ukraine targets St Petersburg as flagship economic forum opens
The incident comes a day after Russia launched a massive drone and missile barrage at Ukraine, killing at least 23 people. #EuropeNews
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Canada wants US and Mexico free trade deal to be renewed for 16 years
“The Agreement is highly beneficial to each of our countries and to the integrated North American economy,” a letter conveying Canada’s recommendation, sent to the US and Mexico trade representatives, said.
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EBRD lowers growth forecast as energy shock hits economies
Economic growth across the European Bank for Reconstruction and Development’s regions is expected to slow more sharply than previously forecast this year, largely due to higher inflation linked to the Iran war, which has pushed up energy prices. Inflation across the bank’s regions rose to 6.4%.
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Video. French artist JR’s giant ‘cave’ installation in Paris appears damaged
Video. Strong winds and heavy rain damaged artist JR’s giant “La Caverne” installation covering Paris’ Pont Neuf bridge, forcing organisers to postpone its public opening scheduled for June 6.
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OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects
The OECD has cut its global growth outlook, warning of lasting damage caused by the Middle East conflict.
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‘If you throw trash, you lose cash’: Tokyo tourists face fines
Visitors caught dropping rubbish in Tokyo’s popular Shibuya ward will now be fined on the spot as authorities battle the side effects of Japan’s record tourism boom.
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Protests in UK over murder of 18-year-old student Henry Nowak
In a joint statement, a conglomerate of Sikh community groups condemned what it called a “moment of madness by an individual”.
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