Adnan Rasheed
SEOUL — Samsung Electronics unveiled its first Samsung multi folding phone on Monday as the company accelerates efforts to defend its early lead in the foldable smartphone market against rapidly advancing Chinese competitors. The device, called the Galaxy Z TriFold, will debut in South Korea on Dec. 12 before expanding to several global markets. The … Read more
SAN FRANCISCO — Artificial intelligence startup Runway announced Monday that its latest video model, Gen 4.5, has surpassed competitors from Google and OpenAI in a widely recognized independent benchmark. The model allows users to generate high definition videos from written prompts, capturing complex motions, human interactions and camera movements with remarkable precision. Runway CEO Cristóbal … Read more
US stocks sank on Monday as investors pulled back from risk assets and the late November rebound hit resistance on the first trading day of December. Major indexes slid in early trading, led by declines in technology shares and a deepening bitcoin slump, widening concerns that a typically strong month for equities may not follow … Read more
A federal appeals court on Monday upheld the Alina Habba disqualification, ruling that former President Donald Trump’s nominee cannot serve as New Jersey’s top federal prosecutor in either an acting or permanent capacity. The decision by the US Court of Appeals for the Third Circuit affirmed a lower court’s finding that the administration improperly attempted … Read more
SEOUL — South Korean police on Monday said they have begun a formal investigation into what may be the worst customer data leak in the country’s history, after over 33 million users of Coupang had their personal information exposed. Authorities are tracing IP addresses and probing possible technical vulnerabilities as they seek to confirm how the … Read more
Tokyo — SoftBank Group Corp. sold its entire stake in Nvidia Corp. to free up capital for large scale artificial intelligence investments, including a significant commitment to OpenAI. Speaking at a Tokyo forum Monday, SoftBank founder Masayoshi Son expressed personal regret over the sale, saying, “I was crying to sell Nvidia shares.” SoftBank’s decision came … Read more
KYIV — Ukrainian President Volodymyr Zelensky on Monday issued a renewed message of gratitude to former US President Donald Trump following what Ukrainian officials described as constructive peace negotiations in Florida this past weekend. Zelensky said the talks between US and Ukrainian envoys offered a “path toward dialogue with a clear focus on Ukraine’s sovereignty … Read more
LONDON — European markets opened the final month of the year in negative territory Monday, with defense stocks leading declines as investors assessed renewed momentum in peace negotiations over Ukraine and awaited signals from the US Federal Reserve. The Stoxx 600 slipped about 0.3 percent shortly after markets opened in London, extending pressure that had … Read more
Global equities retreated Monday as a sharp selloff in cryptocurrencies and renewed concerns over monetary tightening in Japan rattled investor confidence. Stocks drop across major regions, with US futures pointing lower and European benchmarks slipping at the open. The downturn came as Bitcoin fell more than five percent, adding fresh strain to already fragile market … Read more
Sergey Brin, co-founder of Google and a billionaire investor, has donated more than $1.1 billion worth of Alphabet Inc. stock to charitable causes, a regulatory filing disclosed Friday. Most of the contribution, roughly $1 billion, will benefit Catalyst4, a nonprofit Brin established in 2021 to fund research into central nervous system diseases and climate change … Read more
