The UK is set to finalize a long-awaited trade deal with the Gulf Cooperation Council on Wednesday, deepening its ties with the oil-rich nations at a time of rising geopolitical tension and economic pressures.
British officials will sign a statement concluding the negotiations for the free trade agreement in London, the Saudi Press Agency said, citing the secretary-general of the GCC. It will mark an end to four years of talks with the group, which also includes the United Arab Emirates, Qatar, Kuwait, Oman and Bahrain.
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A senior executive at Alphabet Inc.βs Google said the company isnβt abandoning plans to run its business on 24/7 carbon-free energy by 2030, even as the buildout of data centers for AI raises questions about the feasibility of such a goal.
Ben King, Googleβs country managing director for Singapore and Malaysia, said the so-called hourly matching goal β whereby electricity consumption is backed by clean energy every hour of every day, in all regions in which the company operates β βremainsβ in place, in response to questions at a conference in Singapore.
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Circle CCTP (Cross-Chain Transfer Protocol) is live on the Stellar network. This upgrade will enhance USDC transfers to and from the Stellar ecosystem, which already supports natively issued USDC.
The Stellar network is already a leader in global payments and the addition of CCTP strengthens this position by providing better liquidity access and crosschain functionality. With CCTP on Stellar, other supported chains can tap into the Stellar networkβs low-cost, fast settlement and 475,000+ MoneyGram locations worldwide for seamless on and off-ramping.
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Discord announced that all voice and video calls through the communication platform are now protected by default with end-to-end encryption (E2EE). The implementation was completed in March. Extensive at-scale testing has given Discord the confidence to formally announce the E2EE deployment now, and to start removing client code that supports unencrypted fallback.
The migration to E2EE was achieved by extending the open-source encryption protocol DAVE to support all platforms where Discord clients run, including desktop, mobile, web browsers, PlayStation, Xbox, and Discord SDKs. The encryption layer now covers DMs, group DMs, voice channels, and Go Live streams.
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SpaceX expects to proceed with its acquisition of AI coding startup Cursor 30 days after Elon Muskβs company begins trading publicly. Muskβs rocket, satellite and AI giant is expected to file for an initial public offering as soon as Wednesday and list its shares on June 12. If the plan goes as expected, SpaceX would be on track to acquire Cursor in July.
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U.S. President Donald Trump ordered the federal government to update its regulatory frameworks to integrate "digital assets and innovative technology into traditional financial services and payment systems" in an executive order signed Tuesday.
"It is therefore the policy of the United States to streamline regulatory processes, reduce unnecessary barriers to entry, and encourage collaboration between fintech firms, federally regulated financial institutions, and Federal financial regulators," β the order said.
Within six months, Trump directed regulators to "take steps to encourage innovation as a result of the review."
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The European Union finalized the text of its long-delayed US trade deal after months of negotiations, clearing a major hurdle to ratifying the pact. EU lawmakers and member states reached the agreement early on Wednesday, according to the EUβs rotating presidency held by Cyprus, overcoming lingering disputes that have helped stall implementation.
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Russia and China signed an agreement on the joint construction of a new railway link across their shared border, part of a broader push to expand transport ties and trade between the two countries.
Following the talks, Vladimir Putin and Xi Jinping also signed a Joint Statement on Further Strengthening Comprehensive Partnership and Strategic Cooperation and Deepening Relations of Good-Neighbourliness, Friendship and Cooperation. The parties approved a Joint Declaration on the Formation of a Multipolar World and a New Type of International Relations.
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Hong Kong plans to launch a new gold-clearing system by July, advancing the cityβs ambitions to become a global hub for bullion trading. The government-owned mechanism will mirror the financial infrastructure used in London, the worldβs largest bullion market, and allow participants to settle trades through unallocated accounts.
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The Trump administration wants to boost energy exports to India, the US ambassador in New Delhi said on Wednesday, ahead of a multi-day visit by Secretary of State Marco Rubio to the worldβs most populous country.
βIndia has been receptive to diversification, and what that means is buying more American energy,β β Ambassador Sergio Gor said. βPeople have been very receptive to buying from the United States, and weβve been very happy with that.β
Marco Rubio will undertake a four-day visit to India beginning May 23 to further cooperation in the fields of trade, defence and energy. This will be his first visit to India.
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OpenAI Inc. is setting up an AI lab in Singapore through a multiyear partnership with the local government. The ChatGPT maker agreed to spend more than S$300 million ($234 million) to establish its first so-called applied AI lab outside the US, it said in a statement Wednesday. The effort will expand its Singapore-based technical team to more than 200 roles over the next few years. OpenAI established its Singapore office in 2024.
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Alibaba Group Holding Ltd. added a new processor to its expanding AI technology stack, enhancing a push to cover every aspect of AI development.
The companyβs chipmaking unit T-Head unveiled its Zhenwu M890 AI accelerator, equipped with 144GB of GPU memory, at an event in Hangzhou, China. The hardware will handle both training and inferencing jobs and will be particularly suitable for agentic tasks, Alibaba said. The company now plans to upgrade its Zhenwu chip every year, accelerating the rate to roughly the same pace as industry leader Nvidia Corp.
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The House overwhelmingly passed housing affordability legislation Wednesday after winning the backing of President Donald Trump on some key provisions less than 24 hours before the vote.
The House-amended 21st Century ROAD to Housing Act passed the chamber by a vote of 396-13 and will be sent back to the Senate. The passage of the bipartisan, White House-endorsed bill marks a win for the House, which had been pressed for weeks to accept a Senate-passed version of the legislation.
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Stellantis NV plans to develop cars with Jaguar Land Rover in the US, the latest step in a deep overhaul for the maker of Jeep sport utility vehicles and Ram trucks. Both companies will explore opportunities to collaborate on product development in the country. Itβs the first deal Stellantis Chief Executive Officer Antonio Filosa is striking in the US, a lucrative market the company is prioritizing.
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OpenAI claims its new reasoning model has produced an original mathematical proof disproving a famous unsolved conjecture in geometry, which was first posed by Paul ErdΕs in 1946. For nearly 80 years, mathematicians have studied a deceptively simple question: if you place n points in the plane, how many pairs of points can be exactly distance 1 apart?
βAn OpenAI model has now disproved that belief, discovering an entirely new family of constructions that performs better,β β OpenAI posted on X.
The proof, per OpenAI, came from a new general-purpose reasoning model, not a system specifically designed to solve math problems or even this problem in particular. This marks the first time AI has autonomously solved a prominent open problem central to a field of mathematics.
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