UBS warns AI-driven disruption could push private credit defaults to 10%, signaling potential stress in the sector
UBS has warned that AI-driven disruption could push private credit defaults to 10%.
UBS has warned that AI-driven disruption could push private credit defaults to 10%.
Romanian President Nicusor Dan confirms forensic evidence shows Russian Geran-2 drone struck an apartment complex in eastern Romania.
Romanian President Nicusor Dan said that forensic analysis confirmed the drone that struck an apartment complex in eastern Romania was a Russian Geran-2 drone.
What we're watching
Movement across the top desks, confirmation from original source channels, and whether follow-on dispatches change the score or region context.
Reconciled timeline
SoftBank set to surpass Toyota as Japan's most valuable company, driven by AI investment surge.
SoftBank is headed to overtake Toyota Motor as Japan’s most valuable company, marking a milestone for the global AI boom and a dramatic reshuffling of the country’s co...
Yen traders face heightened risk of Japan intervention over next 2 weeks after currency defies historic support efforts.
Traders in the Japanese yen face an increased likelihood of government intervention over the next two weeks, following the currency's resilience despite previous offic...
China coking coal futures surge 7.7% to 1,384 yuan/ton on supply worries
China's most-active coking coal futures rose as much as 7.7% to 1,384 yuan per metric ton on supply concerns.
UAW workers will strike at midnight at a supplier facility supporting General Motors truck and SUV production.
The United Auto Workers says workers will go on strike at midnight at a supplier facility that supports production of General Motors trucks and SUVs.
Rich investors exit U.S. markets, move funds overseas amid diversification push, CNBC reports.
Rich investors are exiting U.S. markets and moving funds overseas, according to CNBC, which reports a diversification push.