Author: OMN AI

South Korea positions itself as an AI powerhouse Nvidia will supply over 260,000 of its most advanced AI chips to South Korea’s government and leading companies, including Samsung, LG, and Hyundai. The chips will power factories producing semiconductors, robots, and autonomous vehicles. Chief executive Jensen Huang said the deals allow South Korea to “export intelligence as a new product.” He did not reveal the total value of the agreements. The announcement follows a historic week for Nvidia. On Wednesday, it became the first company ever to reach a $5 trillion valuation. A day later, optimism grew that easing US-China tensions…

Surging iPhone demand lifted Apple’s revenue during the three months ending in September, closing its fiscal year with record profits. The company posted stronger-than-expected results despite navigating a global trade war and racing to match Big Tech rivals in artificial intelligence. Apple credited the performance mainly to robust early sales of its iPhone 17 line-up, which launched last month. “Apple proudly reports a September-quarter revenue record of $102.5 billion, including record iPhone and Services revenue,” said CEO Tim Cook. The iPhone surge pushed Apple’s profit to $27.5 billion (€23.8bn), almost double last year’s figure. Investors responded positively, sending Apple shares…

US President Donald Trump and Chinese leader Xi Jinping met for the first time in six years, offering cautious hope that the world’s two largest economies could reduce long-standing tensions. Trump described the talks in South Korea as “amazing,” while Beijing said both sides had agreed to address “major trade issues.” Relations have been tense since Trump imposed heavy tariffs on Chinese imports, triggering swift retaliation. A brief truce in May failed to resolve deeper disputes. Although no formal trade deal emerged, both leaders indicated progress. Negotiators have spent months trying to resolve conflicts over trade and technology. Trade agreements…

Human Rights Watch urged Merz to denounce Turkey’s crackdown on the opposition and the arrest of Istanbul’s mayor Ekrem İmamoğlu. During his first official visit to Ankara, German Chancellor Friedrich Merz called for a deeper strategic partnership with Turkey to face global challenges. Standing beside Turkish President Recep Tayyip Erdoğan, Merz spoke just after Turkey and the United Kingdom completed a multibillion-euro deal for 20 Eurofighter Typhoon jets. Germany, part of the consortium producing the jets, had recently ended its long objection to exporting them to Turkey. Reports indicated that Germany supports Turkey’s involvement in the €150 billion Security Action…

Policy Steady After Early-Year CutsThe European Central Bank is expected to keep interest rates unchanged this week, maintaining its cautious stance after a series of cuts earlier in the year. Policymakers have signaled that monetary policy is “in a good place,” suggesting that borrowing costs are now near levels consistent with stable inflation and moderate growth. The ECB’s latest guidance emphasizes patience as officials assess how previous rate moves are feeding through to credit conditions and consumer prices. Trade Slowdown Darkens the OutlookRecent data show eurozone exports weakening as global demand softens and trade tensions rise. Eurostat figures indicate a…

US stock-market indices rose to new highs on strong gains in technology shares. Investors are optimistic as markets anticipate further interest-rate cuts. Tech companies led the rally, driving overall market growth. Analysts say that investor confidence in the sector is supporting higher stock prices. The expectation of lower interest rates has also encouraged buying. Cheaper borrowing costs often boost investments in stocks, especially in growth-focused industries like technology. Major indexes, including the S&P 500 and Nasdaq, saw significant gains. Technology-heavy sectors recorded some of the strongest performance, with chip makers, cloud companies, and software firms leading the charge. Market watchers…

A massive Microsoft outage on Wednesday disrupted key online platforms across the globe. Heathrow Airport, NatWest, and Minecraft were among the services taken offline for several hours before engineers restored access later in the evening. Millions of users faced interruptions to banking, work, and entertainment services. Thousands report website and app failures Outage tracker Downdetector recorded thousands of complaints from users unable to access websites, send emails, or log into accounts. Many experienced frozen pages, stalled transactions, and unresponsive applications. Microsoft confirmed that Microsoft 365 users experienced delays, particularly with Outlook. By 21:00 GMT, most affected websites were back online…

Romanian Officials Acknowledge U.S. Force ReductionRomania’s Defense Ministry confirmed that the United States will reduce the number of troops stationed in parts of Eastern Europe, marking a shift in regional deployment strategy. The changes will affect rotational units based at Mihail Kogălniceanu Air Base and other NATO facilities. While no detailed figures were released, Romanian authorities said approximately 1,000 U.S. personnel would remain to sustain ongoing missions and coordination with allied forces. Pentagon Frames Decision as Tactical AdjustmentU.S. officials described the move as part of a broader review of America’s European force structure rather than a withdrawal from the region.…

Hurricane Melissa struck eastern Cuba early Wednesday with sustained winds of 193 kilometres per hour, causing widespread destruction and severe flooding. The Category 3 storm made landfall near Chivirico, in Santiago de Cuba province, after devastating Jamaica on its path through the Caribbean. Cuban authorities evacuated more than 700,000 residents ahead of the storm. President Miguel Díaz-Canel said over half a million people had already reached safety shelters. Forecasters warned that Melissa would unleash storm surges up to 3.6 metres and drop as much as 51 centimetres of rain. The hurricane is expected to cross Cuba by midday before heading…

OpenAI has completed its transition into a for-profit company. The move aims to attract billions in investment and could set the stage for a future stock market debut. Microsoft strengthens its role in OpenAI As part of the restructuring, OpenAI and Microsoft have renewed their partnership. Microsoft now holds a 27% stake in the ChatGPT developer. This marks a new stage in a collaboration that began in 2019, when OpenAI operated as a non-profit AI research organization. The updated agreement allows Microsoft to pursue artificial general intelligence (AGI) independently or with other partners. AGI is often defined as intelligence surpassing…