Trump announces Hamas disarmament deal as Israel objects Iran hits US bases in Jordan, Kuwait and Bahrain as Washington denies losses NATO activates air defences after missile hits Polish field US hits dozens of Iranian targets as Iran strikes back at Jordan and Kuwait Ebola deaths in eastern Congo pass 1,500 as treatment centres are torched Anthropic says Claude models broke into three organisations during tests Germany counts nearly 10,000 heat deaths this year Kumamoto quake death toll rises to 35 as search of collapsed mall goes on North Korean missile suspected after Russian barrage kills eight in Ukraine Chongqing landslide death toll rises to 51 Iraq-Gulf ties strained after US-Saudi strikes on Iran-aligned militias Bond yields jump after Fed holds rates steady Egypt investigates Damietta port drone strike as Iran war draws in more states Ukrainian drones halt Ryazan refinery and Black Sea oil loading Saudi Arabia forms multinational Red Sea shipping coalition Big Tech AI spending climbs as Meta books $279bn in data-centre leases RSF chief vows to retake Khartoum after battlefield setback Three firefighters killed as blazes burn across Greece, France and Spain First tankers move through Hormuz again after Pakistani-brokered deal Russian missile destroys US-owned drone factory in Kyiv China's Politburo promises more spending but no broad stimulus US Senate narrowly rejects bid to halt Trump's war on Iran US signs $58.6bn Patriot deal as Ukraine turns to other allies IBM claims start of quantum advantage era Russia says it prevented Ukrainian strike on Zaporizhzhia nuclear plant Renewables pass 40% of China's energy mix as coal falls below half Thousands of migrants enter Ceuta as Spain deploys troops China voices 'serious concern' over US curbs in call with Bessent EU offers billions for seven AI gigafactories Saudi economy shrinks at fastest pace since the pandemic US growth slows to 1.5% in the second quarter Beijing threatens countermeasures over US robot and inverter bans Pakistan says it is pressing US and Iran back to the table Oil prices swing as the US-Iran war widens PLA says it is combat-ready against Taiwan independence at its 99th anniversary Israeli strikes kill four in Gaza, including two children Russia claims capture of villages in Sumy and Kharkiv regions US tech companies push back on proposed curbs on Chinese chips and AI Samsung chip profit jumps 250-fold as AI memory runs short Chinese navy and coast guard patrol Scarborough Shoal and warn off Philippine craft Korean stocks rebound 15 percent after record rout Security Council holds first secret straw poll on next UN chief Japan buys yen as India sells dollars to defend the rupee Zoox wins US clearance for paid robotaxi rides Microsoft sets record for biggest one-day gain in market value Saudi Arabia pushes new regional order after Iran war Wildfire near Sizewell nuclear plant forces evacuations in Suffolk Trump restricts exports of waste containing critical materials Car supply chains disrupted after quake damages Japanese parts maker Chinese brain implants help paralysed patients return to work Trump announces Hamas disarmament deal as Israel objects Iran hits US bases in Jordan, Kuwait and Bahrain as Washington denies losses NATO activates air defences after missile hits Polish field US hits dozens of Iranian targets as Iran strikes back at Jordan and Kuwait Ebola deaths in eastern Congo pass 1,500 as treatment centres are torched Anthropic says Claude models broke into three organisations during tests Germany counts nearly 10,000 heat deaths this year Kumamoto quake death toll rises to 35 as search of collapsed mall goes on North Korean missile suspected after Russian barrage kills eight in Ukraine Chongqing landslide death toll rises to 51 Iraq-Gulf ties strained after US-Saudi strikes on Iran-aligned militias Bond yields jump after Fed holds rates steady Egypt investigates Damietta port drone strike as Iran war draws in more states Ukrainian drones halt Ryazan refinery and Black Sea oil loading Saudi Arabia forms multinational Red Sea shipping coalition Big Tech AI spending climbs as Meta books $279bn in data-centre leases RSF chief vows to retake Khartoum after battlefield setback Three firefighters killed as blazes burn across Greece, France and Spain First tankers move through Hormuz again after Pakistani-brokered deal Russian missile destroys US-owned drone factory in Kyiv China's Politburo promises more spending but no broad stimulus US Senate narrowly rejects bid to halt Trump's war on Iran US signs $58.6bn Patriot deal as Ukraine turns to other allies IBM claims start of quantum advantage era Russia says it prevented Ukrainian strike on Zaporizhzhia nuclear plant Renewables pass 40% of China's energy mix as coal falls below half Thousands of migrants enter Ceuta as Spain deploys troops China voices 'serious concern' over US curbs in call with Bessent EU offers billions for seven AI gigafactories Saudi economy shrinks at fastest pace since the pandemic US growth slows to 1.5% in the second quarter Beijing threatens countermeasures over US robot and inverter bans Pakistan says it is pressing US and Iran back to the table Oil prices swing as the US-Iran war widens PLA says it is combat-ready against Taiwan independence at its 99th anniversary Israeli strikes kill four in Gaza, including two children Russia claims capture of villages in Sumy and Kharkiv regions US tech companies push back on proposed curbs on Chinese chips and AI Samsung chip profit jumps 250-fold as AI memory runs short Chinese navy and coast guard patrol Scarborough Shoal and warn off Philippine craft Korean stocks rebound 15 percent after record rout Security Council holds first secret straw poll on next UN chief Japan buys yen as India sells dollars to defend the rupee Zoox wins US clearance for paid robotaxi rides Microsoft sets record for biggest one-day gain in market value Saudi Arabia pushes new regional order after Iran war Wildfire near Sizewell nuclear plant forces evacuations in Suffolk Trump restricts exports of waste containing critical materials Car supply chains disrupted after quake damages Japanese parts maker Chinese brain implants help paralysed patients return to work

Symbolic image: Korean stocks rebound 15 percent after record rout

Symbolic image

Korean stocks rebound 15 percent after record rout

1 source

South Korean shares jumped a record 15% on Friday on renewed optimism about the AI trade, Bloomberg reported, following a record selloff a day earlier that had failed to tempt global investors back into the market. Bloomberg also reported that Seoul plans to direct $14 billion of its sovereign wealth fund into AI investments after the rout.

South Korea

AI spending backlash China's AI and tech drive

Sources