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German Finance Minister Demands Oil Companies Pass $1.88 Billion Fuel Discount to Drivers

Key Points: German Finance Minister Lars Klingbeil ordered oil companies to pass on a 0.17-euro-per-liter fuel discount to consumers. The government launched a $1.88 billion tax relief package to help drivers cope with the energy shock from the war in Iran. The Federal Cartel Office caught several gas stations significantly raising their prices instead of applying the mandated discount. Klingbeil urged US President Donald Trump...

Pentagon Signs Seven Tech Companies for Classified AI Networks but Excludes Anthropic

Key Points: The Defense Department partnered with seven tech giants, including Google, Microsoft, and OpenAI, to deploy artificial intelligence on highly classified military networks. Officials intentionally excluded Anthropic from the deal after labeling the popular startup a severe supply-chain risk earlier this year. More than 1.3 million military personnel currently use the GenAI.mil platform to manage logistics, target planning, and daily operations. President Donald Trump...

Gold Prices Edge Higher as US-Iran Tensions and Inflation Fears Dominate Markets

Key Points: Gold prices gained slightly on Friday to reach $4,648.80 an ounce but still suffer from a two-month losing streak. Central banks worldwide signal possible interest rate hikes to curb rising inflation driven by high oil prices. The ongoing standoff between the United States and Iran keeps the vital Strait of Hormuz closed to shipping. Investors prefer the US dollar over gold as a...