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'One-time opportunity': South Korea bets big on AI boom

Huge demand for the components that power artificial intelligence presents South Korea with an opportunity to bolster its chip industry against rivals such as China, analysts say.

South Korea to invest nearly $1.2 tn in chips, AI data centres

South Korea will invest nearly $1.2 trillion -- equivalent to more than two-thirds of its GDP -- in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions.

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Pacific Avenue Capital Partners Announces Investment Committee Appointment, New AI Initiative, and Team Expansion

LOS ANGELES, CA / ACCESS Newswire / June 25, 2026 / Pacific Avenue Capital Partners ("Pacific Avenue"), a global private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced the appointments of Jonathan Sinnott to the Investment Committee, the establishment of a dedicated artificial intelligence team led by Al Rahrooh and supported by Ahsan Hashmi and Alejandro Urrea, and the addition of Tyler Woodhouse, Adolfo Guerra, and Francisco Lima across portfolio operations and compliance, along with a new investment team member, Saiesha Sharma, as an associate.

Modigliani nude sets European record at London auction

The first part of a London auction of a museum-worthy private art collection raked in $392.6 million Wednesday, powered by an Amedeo Modigliani nude portrait that set a new European record.

US promises to protect Gulf states' interests in Iran talks

Secretary of State Marco Rubio promised the United States' Gulf allies that Washington would protect their interests as it seeks to hammer out a final settlement of the Middle East war in talks with Iran.

Stocks steady after tech rout, Brent falls below $75

Stock markets rebounded slightly Wednesday from the previous day's rout in technology shares, caused by concerns over massive AI spending even as borrowing costs are rising.

German naval ambitions suffer setback as warship order axed

Germany on Wednesday pulled the plug on its largest naval order in decades after the anti-submarine warship project suffered delays, a setback for the country's ambitions to overhaul its military.

Europe swelters under record-breaking heatwave

Europe struggled to cope with a record-breaking heatwave on Wednesday, with at least 94 million people expected to experience temperatures above 35C, most of them in France and Spain.

S.Korea chip giant SK hynix seeks $29 bn in Nasdaq listing: regulatory filing

South Korea's SK hynix, a maker of memory chips for artificial intelligence data centres, said Wednesday it plans to raise 45.45 trillion won ($29 billion) through a listing on Wall Street's tech-heavy Nasdaq stock index.

French-German tank maker KNDS fires starting gun on mega-IPO

French-German tank maker KNDS said Wednesday that it would launch a stock market flotation in Paris and Frankfurt within weeks, firing the starting gun on Europe's biggest defence sector IPO in years.

Hanoi residents mount silent protest over home demolitions

Silent prayer vigils, cautiously worded protest banners and T-shirts pleading for neighbourhoods to be spared -- Hanoi residents are showing rare public opposition to a massive redevelopment scheme that could displace hundreds of thousands.

Race for robotaxi market arrives in London

Bristling with sensors and electronic eyes, robotaxis are appearing on London's streets, slipping silently between red buses and black cabs, as companies battle to lead Europe's emerging autonomous vehicle market.

Meta offers lower cost glasses as wearables competition heats up

Meta on Tuesday launched a new line of smart glasses priced slightly lower than its Ray-Ban-branded glasses, as competition heats up in the AI-powered wearable tech space.

Hollywood powerhouses bring AI fight to Europe

Cate Blanchett brought Hollywood starpower to Brussels on Tuesday as she launched a free tool to give people the right to decide how their image can be used by AI firms.

Rubio says US will not accept Iranian tolls on Hormuz

Washington's top diplomat insisted Tuesday that the US would not accept any attempt to impose tolls or fees on Strait of Hormuz, the key waterway where the UN said it would begin evacuating thousands of sailors stranded by the Middle East war

UN to begin evacuating stranded Mideast sailors after US-Iran talks

The UN announced Tuesday that it would begin evacuating thousands of sailors stranded in the Strait of Hormuz by the Middle East war, as the first round of US-Iran talks on ending the conflict wrapped up in Switzerland.

ACTIVIST SHAREHOLDER FILES SCHEDULE 13D IN EQUUS TOTAL RETURN, INC.

India monsoon sweeps north but brings less rain than usual

Long-awaited monsoon rains arrived in India's financial capital Mumbai on Tuesday, cooling weeks of blazing heat despite persistent fears of water shortages with total rainfall so far staying below the long-term average.

Germany eyes longer working lives in pension reform plan

Germany will raise its retirement age gradually beyond 67, abolish early retirement and expand compulsory pension contributions under a set of new recommendations backed by Chancellor Friedrich Merz on Tuesday.

Heineken names new CEO after predecessor's shock departure

Dutch brewer Heineken said Tuesday that it had picked Rafael Oliveira, formerly of the coffee giant JDE Peet's, to take over as chief executive following the January exit of his predecessor.

India startup head Kunal Shah appointed as new WhatsApp boss

Meta has tapped Indian fintech founder Kunal Shah to be the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app's massive user base.

Iran says to oversee Hormuz as Swiss talks conclude

Tehran voiced Tuesday its intent to maintain control over the vital Strait of Hormuz, a crucial question in the Middle East war talks with Washington that just wrapped up in Switzerland.

Indian startup head appointed as new WhatsApp boss

Meta has tapped Indian fintech founder Kunal Shah as the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app's massive user base.

Shortages ease in Bolivia as protest roadblocks dismantled

Shortages began to ease in Bolivia on Monday as a state of emergency attempting to end weeks of anti-government protests reopened most roads to traffic.

CTO Confidence in Scaling AI Falls for Third Straight Year, Akkodis Report Finds

"What CTOs Think 2026: Scaling the agentic enterprise with confidence" reveals for the first time, innovation, not efficiency, as the primary driver of digital investment, signaling a move from cost-focused optimization toward growth.

US temporarily suspends Iran oil sanctions, says nuclear inspectors to return

The United States suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would allow UN nuclear inspectors to return to the country.

Maduro ouster put Venezuela on 'the right path': interim leader

The US capture of Nicolas Maduro put Venezuela on "the right path," interim leader Delcy Rodriguez said Monday.

IMF director says Iran war fallout creating 'difficult moment' for Africa

The International Monetary Fund's Africa director on Monday warned that the economic fallout of the Iran war was creating a "difficult moment" for the region, and that it would take months for Gulf energy production to ramp back up.

Alan Greenspan: longtime Fed chief with a divided legacy

Alan Greenspan, the longtime US Federal Reserve chief who presided over an unprecedented period of American economic expansion but was later faulted for failing to rein in markets ahead of the 2008 global financial crisis, has died.

France, Germany reach deal on arms maker KNDS, paving way for IPO

France and Germany announced Monday a deal for the joint governance of arms maker KNDS, paving the way for a blockbuster share offering as they seek to reinvigorate faltering European defence cooperation.

MEXC Lists Arcium (ARX) with 70,000 USDT in Airdrop+ Rewards

MEXC, a pioneer in 0-fee digital asset trading, will list Arcium (ARX) in the Innovation Zone, opening trading for ARX/USDT and ARX/USDC pairs on June 22, 2026, at 12:00 and 12:20 (UTC). To celebrate the listing, MEXC has launched an Airdrop+ event, offering users the opportunity to share 70,000 USDT in rewards.

EasyJet rejects £5 bn takeover offer from US equity firm

British no-frills airline EasyJet has rejected three informal takeover proposals from a US private equity firm, the latest totalling nearly £5 billion ($6.6 billion), the two sides revealed Monday.

Crude prices drop after 'positive' US-Iran talks

Oil prices fell on Monday on optimism over US-Iran talks, with mediators flagging a "roadmap" to a final agreement, while equities were mixed.

Crude prices drop, most stocks rise on 'positive' US-Iran talks

Oil prices fell Monday on optimism over US-Iran peace talks, with mediators flagging a "roadmap" to a final agreement, while most equities rose thanks to another healthy start for tech firms.

Berliner Tageblatt - Economy (English)