Business

    – Brent crude rose above $115 a barrel on Wednesday as traders reacted to reports of possible renewed US strikes on Iran. Brent futures climbed $1.48, or 1.3%, to $115.36 by 01:40 GMT, while US West Texas Intermediate crude rose

    – Microsoft is offering a voluntary exit package to about 27% of its workforce as it seeks to fund a costly AI infrastructure expansion while protecting capital efficiency. The offer, announced on Monday, applies to certain employees in the United

    – South Korea’s current account surplus reached $116.63 billion in the second quarter, the second-largest among major economies after China, central bank data showed. The surplus was larger than those of Germany and Japan combined, Yonhap News Agency reported. China

    – Bilateral trade between Russia and Oman reached $1.5 billion in the first seven months of 2026, its highest level in a decade, according to Sergei Shoigu. The Secretary of Russia’s Security Council said trade had increased 22-fold over the

    – Samsung Electronics has unveiled its next-generation memory and storage strategy for artificial intelligence infrastructure at the 2026 OCP Global Summit. The company presented the plans at the event in San Jose, California, which runs from October 12 to 15.

    – Meta has introduced Muse Wonder and Muse Wonder Full, its most capable artificial intelligence models to date. The company designed the new systems for coding, long-running AI agents and complex personal or professional tasks. Meta said the models can

    – The European Commission has proposed a new EU Critical Communication System to connect first responders across European borders. The plan would link national networks used by police, firefighters, emergency medical services and civil protection teams. It covers all EU