Apple’s new CEO Ternus takes over as Tim Cook steps down after nearly 15 years, during which Apple’s value soared by $3.6T.
The Pentagon designated Anthropic a supply chain risk, leading to legal battles and industry concern. Microsoft and other tech giants oppose the move, citing potential harm to AI development and national security. The dispute centers on AI's use in military and surveillance applications.
Apple will require UK users to verify they are 18 or older through credit card or ID scan, as part of a new software update. The move supports ongoing efforts to protect children online and aligns with UK government proposals on social media restrictions. The change has sparked privacy concerns among users.
Iran's Revolutionary Guards issued a warning targeting 18 US and allied companies, threatening retaliation for alleged involvement in assassinations of Iranian officials. The threat, issued on March 31, warns of destruction starting April 1, prompting evacuations near targeted sites. The US and Israel continue their military operations against Iran.
Futures decline as conflict in Iran continues with no clear end. Oil prices hit new highs, driven by Iran's threats and disruptions to the Strait of Hormuz. Markets remain cautious, with investors wary of prolonged conflict and economic fallout.
Samsung will end its Messages app in the US this July, urging users to switch to Google Messages to access new AI features and improve messaging quality. The change affects newer Galaxy devices, with older models unaffected. The move aims to unify messaging experience on Android devices.
Anthropic has released the Mythos model to a limited group of firms under Project Glasswing and has warned it can find thousands of software vulnerabilities faster than humans. Regulators and finance leaders in the US, UK, EU and Canada have convened urgent meetings, wargames and briefings to assess risks and coordinate defensive access and rules.
Scammers are using fake Apple Pay fraud alerts and high-pressure calls to trick victims into revealing personal information and draining bank accounts. Victims receive messages about suspicious activity, then are manipulated into calling scammers posing as authorities or support. Experts warn to verify directly through official channels.
Booking.com has reported a data breach allowing unauthorized access to customer booking details. The platform is also warning users about phishing scams involving fake emails claiming to threaten iCloud storage and payment fraud. These incidents highlight ongoing cybersecurity risks for travelers and platform users.
TSMC has announced a record quarterly net profit of 572.5 billion Taiwan dollars ($18.1 billion), driven by strong AI demand. The company is expanding its manufacturing capacity in Taiwan, the US, and Japan, focusing on advanced 3-nanometer chips. It warns of potential impacts from the Iran war but remains optimistic about future growth.
Tim Cook has announced he will step down as Apple CEO and become executive chairman on Sept. 1, 2026, and John Ternus, the company’s head of hardware engineering, has been named CEO-designate. The move has been presented as a planned succession while Apple is confronting AI shortfalls, China supply risks, and pressure to produce a new product wave.
Global stock markets remain near all-time highs even as Bank of England deputy governor warns of a potential correction. Analysts highlight risks from private credit, AI stock valuations, and geopolitical tensions, while strategists expect catalysts and earnings trends to shape the path ahead.
FIA, F1 and teams have moved to fast-track changes to power-unit regulations after a Miami weekend marked by energy-management concerns. Officials aim to tilt the balance toward the internal-combustion engine, with new talks about larger fuel tanks and possible future V8s to restore flat-out racing. The shift comes as teams upgrade ahead of the 2027 rules and long-term engine plans are debated.
Oil prices have steadied as the U.S. has signaled further action to ease vessel movements through the Strait of Hormuz amid renewed tensions with Iran. Brent sits around $111-113, while U.S. crude trades near $105, with global markets awaiting clarity on the ceasefire talks and potential supply disruptions.
President Donald Trump has travelled to Beijing for face-to-face talks with President Xi Jinping on May 14–15, and has said he will raise US arms sales to Taiwan and discuss Iran. China has hosted Iran's foreign minister and urged a full ceasefire; Washington has alternated between a naval blockade, escorts and threats while sanctioning entities tied to Iranian oil sales to China.
Trump has welcomed a delegation of executives to Beijing, including Tesla’s Elon Musk and Nvidia’s Jensen Huang, as part of efforts to “open up” China and mobilize business support. The trip follows reports of competition with Chinese EV firms and ongoing AI export discussions.
Trump has said the economic cost of the Iran conflict has not motivated him to pursue a peace deal, insisting that preventing Iran from obtaining a nuclear weapon is his sole focus. Inflation and energy prices have climbed as the war continues, with analysts warning of broader economic effects.