OpenAI shifts value to US$1.25 trillion as funding talks finalise
OpenAI is finalising a roughly US$30 billion funding round at a US$1.25 trillion valuation, down from US$1.4 trillion discussed, with commitments expected next week.
Horizon Vision
Deadly Canadian military base fire began on grenade launcher range
A fire on a grenade launcher range at a Canadian military base killed four soldiers and injured dozens. Firefighters couldn't directly combat it due to the permanent danger area.
Australia sanctions North Koreans over ‘fraudulent’ IT work, cybercrime
Australia sanctioned two North Koreans and related companies over fraudulent IT work and cybercrime that raise money for North Korea’s nuclear and missile programs.
Powerful Tibet earthquake kills 18 people and injures 32 others
A magnitude-7.0 earthquake struck Tibet, killing 18 and injuring 32. Over 300 houses collapsed, prompting rescue efforts with 300+ police deployed.
China carmakers go back to design basics with buttons and knobs
China's carmakers are bringing back physical buttons and knobs to reduce driver distraction from touchscreens, with regulators pushing safer design standards that may mandate physical controls.
Trump invokes Cold War-era Defense Production Act for oil production, refining
Trump invoked the Cold War-era Defense Production Act, deeming oil production and refining essential to national defense to unlock funding and incentives amid surging fuel prices.
Treasuries surge as worldwide worries spark rush to safety
Treasuries rally as AI stock rout, French turmoil, and Middle East tensions drive investors to safe-haven US debt, sending yields sharply lower.
Student protests mushroom across Europe, exposing bleak views of the future
Student protests spread across at least eight European countries over high rents, poor schools and weak jobs, reflecting young people's bleak fears of low pay and shrinking welfare.
SpaceX in talks to access 80,000 cell sites for wireless network
SpaceX is negotiating to access 80,000 US cell sites, aiming to build a fourth nationwide wireless carrier challenging AT&T, Verizon, and T-Mobile.
Around 150,000 rally in Belgrade as Serbia heads to pivotal poll
About 150,000 rallied in Belgrade for Serbia’s student-backed opposition ahead of an Oct 25 election, challenging Aleksandar Vucic’s 14-year rule amid a tense campaign.
Taiwan shuts down ahead of Typhoon Champi; hundreds of flights cancelled
Taiwan shut down as Typhoon Champi approaches, cancelling all domestic and over 350 international flights. The weakening storm, though not making direct landfall, brings strong winds and rain.
Tunisian police clash with protesters in capital on day of heightened tensions
Tunisian police fired tear gas and clashed with protesters after deaths in custody and a delayed ambulance, amid economic and political crisis and growing anti-government unrest.