Author: Press Room
AM Markets Need to Know: World Bank cuts global growth outlook, U.S.-Iran deal updates, and more
UNDISCLOSED LOCATION, Ukraine — The heavy bomber drone rose from the ground in a blast of dust and debris, its propellers whirring over the empty training range.The drone, called “Max,” was initially designed for a brutal battlefield task: hovering over Russian positions and dropping explosives. It can carry more than 90 pounds, enough to deliver a devastating blow.But now its job is changing.Like other drones made by Ukrainian manufacturer Perun, Max is increasingly being used for logistics missions, carrying supplies instead of bombs across a fiercely contested battlefield where vehicles, troops, and supply routes are under constant threat.”Bombers are now…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: June 12, 2026 Is nobody leaving Ethereum? A record 36 million ETH is now…
PHX Energy Services declares CAD 0.20 dividend
This as-told-to essay is based on a conversation with Kristi Edleson, a 34-year-old chief of staff at Yutori, based in San Francisco. The following has been edited for length and clarity.I work at a startup as the chief of staff, and my company’s goal has always been to build an AI chief of staff. It’s funny that when I took this role, I was signing up for that. I wasn’t nervous about it, though; I actually loved the irony.A chief of staff’s role involves a lot of context switching, and I believe the AI product my company built focuses more…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated: June 12, 2026 Trump is stirring the news and crypto with a fresh Iran…
World Bank cuts global growth forecast to 2.5%, warning of 1.3% crash under severe war fallout
The way Jeff Bezos sees it, AI and the data centers that support the novel technology are like knives.”You don’t want to accidentally outlaw the knife because it can be used in a bad way,” the Amazon cofounder said on CNBC on Thursday.”Knives are important tools and yes, every once in a while they get misused by someone, but you don’t say the solution to that isn’t to say, ‘OK, no more data centers, right? No more knives.’ That’s not a smart approach to regulation.”Bezos said that government regulation has a lot of “reasonable” purposes, pointing to federal regulatory agencies…
Share Last updated: June 12, 2026 Recently, the situation in the Middle East has once again become the focus of global financial markets.According to the latest Reuters report, significant differences remain between the US and Iran regarding the ceasefire agreement and its subsequent implementation details. Although both sides are pushing for the implementation of a phase-one agreement, key issues including energy transportation, security guarantees, and economic sanctions have not been fully resolved, and the market remains highly attentive to future developments. In recent months, influenced by geopolitical tensions, energy price volatility, and rising international settlement costs, the market has begun…
Ukraine has been using new mid-range drones to attack key bridges supplying Russia’s rear forces from the south, and battlefield footage appears to show the tactic inflicting significant damage.The country’s 1st Separate Assault Regiment said it carried out the strikes over the last week on the Armyansk, Henichesk, and Chonhar areas, the three chokepoints between Crimea and the southern front.Bridges in those areas, situated between 50 and 75 miles from the front lines, have been critical to the Kremlin’s logistics routes to the Zaporizhzhia and Kherson regions.In several social media posts over the last five days, the 1st Separate Assault…