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The Daily Edition

Thursday, 1 October 2026

400 stories across 8 sections

The Takeaway

President Donald Trump announced that South Korea will invest $200 billion in the US, with projects including a $22.3 billion power plant in Texas. This investment was unveiled at a White House event, although no South Korean officials were present. Meanwhile, in Vietnam, Doosan Enerbility has secured an $615.9 million contract to build a gas-fired power plant.

In the tech and finance sectors, Asian stocks experienced a 0.2% decline, while South Korea's exports surged by 83.5% in September, driven by demand for AI chips. The country's finance minister expects exports to top $1 trillion this year, despite challenging external circumstances. Additionally, Vivo has launched its X Fold 6 foldable smartphone globally, and Samsung is among the tech giants driving the growth of AI chips in South Korea.

Written by urgent.news from the day's reporting.

AI

AI

Broadcom To Lend Anthropic $42 Billion To Manage Surging Cost and Fund Next-Gen AI Chips

The recent Anthropic IPO prospectus leak gave us the clearest insight into how expensive building a super-intelligent AI actually is. Despite pulling in impressive revenues, the company is bleeding cash The post Broadcom To Lend Anthropic $42 Billion To Manage Surging Cost and Fund Next-Gen AI Chips appeared first on Ventureburn .

Recent leaks from Anthropic's IPO prospectus revealed the astronomical costs of building a super-intelligent AI. Despite generating significant revenues, the company is struggling to secure enough computing power to compete with rivals. To address this infrastructure challenge, Broadcom has made an unprecedented $42 billion lending commitment to Anthropic.

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Tech

Tech

Huawei unveils Mate 90 phones, leans on homegrown chip design to offset US curbs

BEIJING: Huawei Technologies unveiled its Mate 90 smartphone series on Thursday, betting on its in-house operating system and redesigned chip architecture to boost its performance in the face of US curbs on shipments of advanced semiconductors. Speaking to reporters on Tuesday ahead of the launch, Huawei consumer business chief Richard Yu said the company still faces constraints in the supply of…

On Thursday, Huawei Technologies introduced its Mate 90 smartphone series, relying on its homegrown operating system and redesigned chip architecture to combat US restrictions on advanced semiconductors. Richard Yu, Huawei's consumer business chief, acknowledged that China still faces limited advanced chip capacity, including for Huawei's own Ascend AI chips.

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Memory squeeze set to tighten through 2028, Micron says

The global memory shortage that has driven up the cost of servers, storage and PCs through 2026 will get worse in 2027 and 2028, according to memory maker Micron Technology. “We expect memory and storage supply-demand conditions to be much tighter in calendar 2027 and 2028 than they were in 2026,” CEO Sanjay Mehrotra said in prepared…

Business

Business

US beef sales in Saudi Arabia could reach $150 million

JEDDAH — Energy and security have long been central to Saudi-U.S. relations, but at the Saudi Food Show in Jeddah, a different area of cooperation was on display: agriculture.For the first time, a dedicated U.S. pavilion brought American producers together at the event, showcasing products ranging from walnuts, potatoes and popcorn to beef as the two countries explore opportunities to expand…

JEDDAH — At the recent Saudi Food Show, a U.S. agricultural pavilion showcased potential for increased trade and cooperation between the two nations. U.S. Consul General Rafik Mansour said the partnership offers opportunities beyond boosting food exports, including food security, technology, research, and supply-chain resilience.

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Dangote launches Kenya oil refinery despite land protests

Nigerian billionaire Aliko Dangote and Kenya’s President William Ruto have broken ground on a $16bn (£12bn) oil refinery in Lamu, on Kenya’s northern coast. Upon completion, the refinery is expected to process 700,000 barrels of crude oil a day, making it East Africa’s largest industrial project by capacity.

Finance & Markets

Finance & Markets

Gold struggles as rising US Treasury yields outweigh dovish Fed repricing

Gold (XAU/USD) treads water on Thursday as a stronger US Dollar (USD) and soaring US Treasury yields limit the upside. At the time of writing, XAU/USD trades around $4,167, up 0.26% on the day, as the precious metal struggles to build on its early recovery.

Gold (XAU/USD) is currently trading around $4,167, up 0.26% on the day, as it struggles to capitalize on its recent recovery. The US Dollar Index (DXY) has reached a fresh year-to-date high near 101.85, while the benchmark 10-year US Treasury yield has surged to around 5.34%, its highest level since 2002. These factors, along with traders scaling back expectations for an early Federal Reserve rate hike, are weighing on the precious metal.

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World

World

Israel PM hails Indian pilot of rerouted Flydubai flight for averting disaster

Israel’s leader credited the pilot and passengers of a Dubai-Tel Aviv flight with averting a catastrophe on Wednesday after they overpowered a co-pilot who allegedly tried to crash the aircraft, forcing an emergency landing. Passengers described rushing the cockpit after the plane suddenly plummeted , losing around 17,000 feet of altitude in the span of a minute, according to the Flightradar24…

Israeli Prime Minister Benjamin Netanyahu praised the passengers and crew aboard a Flydubai flight that made an emergency landing in Tel Aviv after a co-pilot allegedly tried to crash the plane, averting what he called a "catastrophic mid-air disaster." The plane, which was en route from Dubai to Tel Aviv, lost around 17,000 feet of altitude in a matter of minutes, forcing an emergency landing in Saudi Arabia.

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RAF Fairford: Netanyahu claims Israel warned UK of ‘Iranian attack’

RAF Fairford: Netanyahu claims Israel warned UK of ‘Iranian attack’ Submitted by Imran Mulla on Thu, 10/01/2026 - 10:52 The Israeli prime minister, wanted by the ICC for war crimes, suggested the British government has given in to an 'Islamist-Marxist alliance' Benjamin Netanyahu speaks to the UN General Assembly on 24 September (AFP) Off…

Science

Science

SpaceX launches 13th long-duration astronaut crew to International Space Station

CAPE CANAVERAL, Florida - A SpaceX rocket launched on Thursday, carrying a crew of four astronauts to the International Space Station (ISS). The two-stage Falcon 9 rocket, carrying the autonomously operated Crew Dragon capsule, was launched from the Cape Canaveral Space Force Station along Florida's Atlantic Coast. The crew consists of two US astronauts, a Canadian astronaut, and a Russian cosmonaut.

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Health & Medicine

Health & Medicine

STAT+: Pharmalittle: We’re reading about a plan to lower Medicare drug prices, a Lilly obesity drug, and more

A final Medicare rule aimed at lowering prices for doctor-administered drugs applies to only four companies and saves 96% less than the initial proposal

The Trump administration has released a final rule to lower Medicare prices for drugs administered in doctor offices. However, the rule applies to only four companies and results in a price reduction of just 96% compared to the initial proposal, according to STAT. The rule is part of the Global Benchmark for Efficient Drug Pricing (GLOBE) pilot program, one of two mandatory pilots under President Trump's plan to pressure drugmakers to lower Medicare prices to levels charged in other wealthy nations.

The administration's policy is commonly referred to as most-favored nation pricing. Another pilot, called GUARD, is still in the proposed stage.

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Culture

Culture

India set for Australia, Pakistan blockbusters at 2027 World Cup

Cape Town: India will meet defending champions Australia and bitter rivals Pakistan in their first two matches at the 2027 Cricket World Cup, the International Cricket Council announced on Thursday. The India-Australia match, a repeat of the 2023 final, will be in Cape Town on October 7 and the India-Pakistan clash will take place in Johannesburg three days later. The tournament, hosted by South…

India will face both defending champions Australia and arch-rivals Pakistan in the opening two matches of the 2027 Cricket World Cup, according to the International Cricket Council. The India-Australia game, a rematch of the 2023 final, will take place in Cape Town on October 7, while the India-Pakistan encounter will occur three days later in Johannesburg. The tournament, hosted by South Africa, Zimbabwe, and Namibia, starts on October 2 and culminates with the final on November 27.

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