(Reuters) – JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand. The bank cut its 2025 Brent price forecast to $66 per barrel from $73 and its 2026 target to $58 from $61. It lowered the 2025 WTI price outlook to $62…
(Reuters) – OpenAI on Monday launched its new AI model GPT-4.1, along with smaller versions GPT-4.1 mini and GPT-4.1 nano, touting major improvements in coding, instruction following, and long context comprehension. The new models, available only on OpenAI’s application programming interface (API), outperform the company’s most advanced GPT-4o model across the board, the ChatGPT maker…
By James Pomfret and Jessie Pang HONG KONG (Reuters) -Hong Kong’s last remaining major opposition party took a key step towards disbanding itself on Sunday after a special meeting approved arrangements to do so in the face of pressure from China, amid a national security crackdown. Five senior members of the Democratic Party had earlier…
WASHINGTON (Reuters) – U.S. officials gained the release on Sunday of an American detained in Tunisia, Robert Vieira, U.S. special envoy Adam Boehler said. Vieira was detained 13 months ago while doing missionary work in Tunisia and was suspected by Tunisian authorities of espionage, Boehler told Reuters. He said Vieira was flying home to the…
LONDON (Reuters) – Britain said on Sunday it will expand financing support for exporters by 20 billion pounds ($26 billion), including those affected by U.S. tariffs, in an effort to give them stability and certainty in what it described as a new era of global trade. The tariffs, introduced by U.S. President Donald Trump, have…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – President Donald Trump’s administration wants to strike 90 trade deals in 90 days, but the challenges to quickly resolving the president’s trade war are already apparent. European Union trade chief Maros Sefcovic will on Monday be among the first foreign trade officials to come to Washington…
(Reuters) – Meta Platforms will add former Republican official Dina Powell McCormick and fintech firm Stripe’s CEO Patrick Collison to its board, effective April 15, the social media company said on Friday. The Facebook parent said in a regulatory filing that it is increasing the size of its board to 15 members. Powell McCormick, who…
By Kenrick Cai and Krystal Hu SAN FRANCISCO (Reuters) – Alphabet and Nvidia have joined prominent venture capital investors to back Safe Superintelligence (SSI), a startup co-founded by OpenAI’s former chief scientist Ilya Sutskever that has quickly risen to become one of the most valuable artificial intelligence startups months after its launch, a source familiar with…
By Heekyong Yang, Hyunjoo Jin and Francesco Guarascio SEOUL/HANOI (Reuters) – When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term investment to make the country its…
By Brad Brooks and Rich McKay BOULDER, Colorado (Reuters) – A toy store manager hit with daily price increase notifications. A lip balm manufacturer forecasts a $5 million jump in cost of goods. A concert venue impresario who saw a surprise price hike of $140,000 to install new seats in a performance hall. They are…
