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Epic Games said on Friday that it submitted Fortnite to Apple’s App Store, the month after a judge ruled in favor of the game maker in a contempt ruling.

Fortnite was booted from iPhones and Apple’s App Store in 2020, after Epic Games updated its software to link out to the company’s website and avoid Apple’s commissions. The move drew Apple’s anger, and kicked off a legal battle that has lasted for years.

Last month’s ruling, a victory for Epic Games, said Apple was not allowed to charge a commission on link-outs or dictate if the links look like buttons, paving the way for Fortnite’s return.

Apple could still reject Fortnite’s submission. An Apple representative did not respond to CNBC’s request for comment. Apple is appealing last month’s contempt ruling.

The announcement by Epic Games is the latest salvo in the battle between it and Apple, which has taken place in courts and with regulators around the world since 2020. Epic Games also sued Google, which operates the Play Store for Android phones.

Last month’s ruling has already shifted the economics of app development for iPhones.

Apple takes between 15% and 30% of purchases made using its in-app payment system. Linking to the web avoids those fees. Apple briefly allowed link-outs under its system but would charge a 27% commission, before last month’s ruling.

Developers including Amazon and Spotify have already updated their apps to avoid Apple’s commissions and direct customers to their own websites for payment.

Before last month, Amazon’s Kindle app told users they could not purchase a book in the iPhone app. After a recent update, the app now shows an orange “Get Book” button that links to Amazon’s website.

Fortnite has been available for iPhones in Europe since last year through Epic Games’ store. Third-party app stores are allowed in Europe under the Digital Markets Act. Users have also been able to play Fortnite on iPhones and iPads through cloud gaming services.

This post appeared first on NBC NEWS

Three energy-rich Gulf Arab nations are racing to turn their influence over Donald Trump into tangible gains with the president set to visit next week.

They have built personal ties with the president and collectively pledged trillions in US investments while casting themselves as key intermediaries in conflicts Trump wants to resolve, from Gaza to Ukraine and Iran.

Now, they’re being rewarded with the privilege of hosting Trump’s first state visit of his second term. The US president is set to land in Saudi Arabia on Tuesday, followed by visits to Qatar and then the United Arab Emirates that stretch till May 16.

Given Trump’s transactional approach to foreign policy, the three states have much to offer

Behind this carefully crafted strategy of wooing Trump is a desire from Gulf states to solidify and formalize their positions as the US’ indispensable security and economic partners, and extract as much benefit for themselves as they can.

US-Gulf relations have improved significantly since Trump returned to office. Frustrated at the perceived lack of US interest in their needs under the Biden administration, Saudi Arabia and the UAE had sought to diversify their military, technological and economic ties. With Trump in office, they see what one Gulf official called “once-in-a-lifetime opportunity” for to achieve his country’s objectives.

From their perspective, now is the time to cement ties with Washington, and even “secure greater privileges in their relationship with the world’s most powerful nation,” Ebtesam AlKetbi, founder and president of the Emirates Policy Center think tank in Abu Dhabi, said.

Each of the three nations Trump is visiting has its own list of priorities. Here’s what they want from the US and how they’re going about achieving it.

Sealing a US-Saudi security pact

“Security, security and security” is what Saudi Arabia and other Gulf states seek most from Trump’s visit, said Ali Shihabi, an author and commentator on politics and economics of Saudi Arabia.

Last year, the US and Saudi Arabia came close to finalizing a landmark defense and trade pact – but the deal stalled over Saudi insistence that Israel commit to a path toward Palestinian statehood.

Riyadh is also seeking US cooperation to develop a civil nuclear program, but that has been held over its insistence on enriching uranium domestically – raising concerns in the US and Israel over nuclear weapons proliferation. Uranium, when enriched to high levels, can be used to produce nuclear weapons.

White House backing for a Saudi nuclear program could see American firms win lucrative contracts.

Riyadh appears to be framing its relationship with the US as a win-win. In March, Trump said he’d go to Saudi Arabia if it invests $1 trillion in the US. “They’ve agreed to do that, so I’m going to be going there,” he said.

While Saudi Arabia didn’t confirm that figure, it announced plans in January to expand trade and investment with the US by $600 billion over four years, with potential for more.

But for Riyadh to diversify away from oil, it still needs to sell oil – at a healthy profit – to fund that transition. Recent price drops, driven in part by Trump’s tariffs, threaten to undermine those ambitions. Trump has made clear he wants oil prices lower, putting him at odds with Saudi Arabia’s need for high revenues to finance its economic transformation.

UAE’s quest for AI dominance

Perhaps more than any other Gulf state, the UAE sees investment as central to its strategy for deepening ties with the US and securing returns – and it has money to back it up. Among the world’s richest countries per capita, it has pledged trillions in US investments. Abu Dhabi has even branded itself “the capital of capital.”

“Expanding trade and investment is a way to reinforce this strategic partnership,” AlKetbi said. “The US remains a critical security guarantor for the Gulf region, while also offering a dynamic economy full of opportunities and capabilities that align with the long-term Gulf development plans.”

In March, the UAE announced a $1.4 trillion investment plan over 10 years focused on AI, semiconductors, manufacturing, and energy. Its existing US investments already total $1 trillion, according to its embassy in Washington.

But it won’t be easy for Abu Dhabi to achieve its stated goal of becoming a global leader in AI by 2031 without US microchips.

During the final days of former President Joe Biden’s administration, the US tightened curbs on AI exports to keep advanced technology out of the hands of foreign adversaries like China, which were meant to take effect on May 15. The UAE has been one of the countries facing restrictions and may expect them to be lifted during Trump’s trip.

On Thursday, the US announced that Trump will rescind a set of the Biden-era curbs.

Qatar’s global diplomacy

Qatar is the Gulf Arab nation with the most formalized security ties with the US. It hosts the biggest US military installation in the Middle East, which the State Department describes as “indispensable” for US military operations in the region.

Last year, the US quietly reached an agreement that extends its military presence at the sprawling base in Qatar for another 10 years. It also amended a 1992 defense cooperation agreement with the US, which is meant to further strengthen their security partnership.

In 2022, the Biden administration also designated Qatar as a Major Non-NATO Ally, a title granted to close friends that have strategic working relationships with the US military.

Qatar has been a key mediator in a number of conflicts – from the war in Gaza to Afghanistan. Experts say it is part of an effort to remain relevant in the eyes of Washington.

Doha also maintains close ties with Syria’s new president, Ahmed al-Sharaa, who has been on a quest to relieve his country of years-long sanctions by the West.

Trump’s visit is ultimately about what he can get out of the three Gulf states, experts said, adding that each of the three nations is anticipating a set of new deals that will benefit both parties.

“He’s coming here because he believes it is in the interest of the US economy, perhaps his interest and those around him, to have those deals here with Saudi Arabia, the UAE and Qatar,” Maksad said. “So expect big announcements.”

This post appeared first on cnn.com

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Something extraordinary happened on Friday, but you likely didn’t see it in the headlines.

In Washington, the International Monetary Fund (IMF) quietly approved a $2.3 billion bailout package for Pakistan. On the surface, it was just another financial deal. But beneath the surface, this vote tied together three of the most pressing foreign policy theaters in the world: India-Pakistan, Ukraine-Russia, and U.S.-China.

And the common thread?

President Trump’s return to ‘Art of the Deal’ diplomacy.

The $2.3 billion IMF package included a $1 billion tranche under the Extended Fund Facility (EFF) and $1.3 billion under the Resilience and Sustainability Facility (RSF). But many experts were surprised this vote even happened, let alone passed.

Just last year, Pakistan’s IMF bailout was contingent on its assistance in rearming NATO during the Ukraine war. The Biden administration leaned heavily on Pakistan to support weapons transfers, using routes like the Nur Khan Airbase to send munitions to Europe.

This time around, the vote looked shaky. The Trump administration has made it clear it wants to end the war in Ukraine—and all wars that bleed U.S. taxpayers without clear gain. Meanwhile, India was lobbying both the IMF and the Financial Action Task Force (FATF) to block funding to Pakistan, citing terrorism financing concerns.

And then came the vote.

India abstained. So did China and Russia. The ‘yes’ votes came from the United States and the United Kingdom.

If you’re wondering why the U.S.—under Trump’s second term—would back a loan to a terror-linked state in the middle of a war, here’s the answer: because the deal was far bigger than Pakistan.

Let’s unpack what likely happened.

India’s abstention puzzled many. It had taken a strong stand against the IMF loan, arguing that it violated basic principles of counter-terror financing. For India to let it slide signaled something else was in play.

Trump’s first major diplomatic focus post-inauguration was reworking America’s global trade deals, and India was high on the list. The president had long called India the ‘tariff king,’ and negotiations had been underway to reduce agricultural and industrial tariffs. In fact, Vice President JD Vance had been dispatched to New Delhi—not a low-level envoy.

There were signs a deal was close. But the momentum was disrupted by a major terrorist attack in Kashmir, which India blamed on Pakistan-based groups. The India-U.S. trade deal went into a holding pattern.

Now, India’s IMF abstention appears less like inaction and more like a trade-off: a quiet concession, in return for favorable terms in the broader trade agreement with the U.S.

Pakistan, for its part, was running on empty. It reportedly had only four days of ammunition left and faced near-total economic collapse. Though some NATO members had sent emergency aid, the U.S. itself has been moving to reduce entanglements with NATO and phase out military support in Ukraine.

But here’s where it gets more interesting.

The United States has long had an internal debate over Pakistan. During the Cold War and the war on terror, some intelligence factions saw Pakistan as a necessary partner—even when it meant funding terror groups like the Mujahideen. In more recent years, others have shifted toward India as the natural counterweight to China.

This division within U.S. security circles matters, because it means that the fight over Pakistan is both internal and external.

And yet, the Trump administration pushed the vote through.

Why?

One likely condition: a ceasefire in the India-Pakistan conflict.

But there may have been another condition—one that had China’s fingerprints all over it.

If there’s one country that stands to gain from Pakistan’s financial boost, it’s China.

Pakistan is deeply indebted to China through Belt and Road infrastructure deals. And more to the point, most of its military imports come from Chinese manufacturers. Any fresh IMF cash would likely end up buying Chinese weapons.

So why did China abstain from voting on Pakistan’s loan?

Simple: Because Trump likely barred it.

Sources close to the matter suggest that strict terms were placed on the loan—stipulating that IMF funds cannot be spent on Chinese or Russian weapons systems, only American ones. That alone would have removed China’s incentive to back the package.

Add to that the increasing chatter over Chinese versus Western arms systems in the India-Pakistan conflict—and China’s abstention begins to make a lot of sense.

By pushing this IMF package forward under strict conditions, the Trump administration appears to have pulled off a remarkable maneuver:

  • Restarted the India-U.S. trade deal
  • Brokered a diplomatic win and ceasefire in South Asia
  • Weaned Pakistan off Chinese weapons dependency

All in one vote.

There were no headlines. No press briefings. No declarations of success.

But that’s often how real power operates.

Critics may scoff at the idea that Trump is capable of high-level diplomacy. But for those tracking the architecture of global influence—this vote was not noise. It was signal.

It was a reminder that American power, when wielded with strategic clarity, doesn’t need to announce itself loudly.

It just needs to move the board. Quietly. Completely. Effectively.

And if you were watching this one closely, you saw just that.

This post appeared first on FOX NEWS

A fourth round of talks between the US and Iran on Tehran’s nuclear program have begun in Oman, according to Iranian state media, with the two sides aiming to overcome divisions that could scupper the tentative negotiations.

The talks, held indirectly, are the latest between the two countries, and are aimed at addressing Tehran’s nuclear program and lifting sanctions.

The Iranian delegation is led by Foreign Minister Abbas Araghchi, who said before the talks got underway that the US side “holds contradictory positions which is one of the issues in our negotiations.”

“We have been clear about our boundaries,” Araghchi added, according to the Fars news agency.

US special envoy Steve Witkoff, who has been heading the American side, warned that if talks were not productive, “then they won’t continue and we’ll have to take a different route.”

Speaking to Breitbart, Witkoff outlined the US’ expectations for the talks, including on the country’s uranium enrichment program. “An enrichment program can never exist in the state of Iran ever again. That’s our red line. No enrichment,” he said.

Iran has said it will not surrender its capability to enrich uranium. The country has long insisted it does not want a nuclear weapon and that its program is for energy purposes.

This is a developing story and will be updated.

This post appeared first on cnn.com

Pope Leo XIV stepped out onto the balcony of St. Peter’s Basilica to thunderous applause and an electric atmosphere, to deliver his first Sunday blessing and an address calling for peace in Ukraine and Gaza.

The last time he stood on the same velvet-draped ledge, the fragrant scent of white smoke was still hanging in the air and looks of shock permeated the crowd. Just days ago, the election of a US-born pope seemed almost impossible.

But those gathered in St. Peter’s Square on Sunday knew exactly what to expect – a pontiff who was born in Chicago, shaped in Peru and well-experienced in Vatican leadership.

“Let us take up the invitation that Pope Francis left us in his Message for today: the invitation to welcome and accompany young people,” Leo said Sunday from the balcony, speaking in fluent Italian. “And let us ask our heavenly Father to assist us in living in service to one another.”

“In today’s dramatic scenario of a third world war being fought piecemeal, as Pope Francis said, I too turn to the world’s leaders with an ever timely appeal: never again war!,” he said.

Pope Leo called for peace in Ukraine, as well as a ceasefire in Gaza and the release of hostages. He also called for humanitarian aid to be provided “to the exhausted population” in Gaza.

“I welcomed the announcement of the ceasefire between India and Pakistan and I hope that through negotiations we can reach a lasting agreement,” he added.

He delivered a “message of peace” and led the faithful crowd in the Regina Caeli (“Queen of Heaven”) prayer for the first time, surprising those gathered by singing part of the prayer.

The prayer is one of four Marian antiphons, or prayers to the Virgin Mary, which is said throughout the Easter season.

The city of Rome said 150,000 people were expected to gather in St. Peter’s Square for the prayer and significant law enforcement resources are deployed, but an official estimate of the crowd has yet to be announced.

The square was booming with music ahead of Leo’s address, as hundreds of musicians from around the world marched into St. Peter’s Square for a Jubilee of Bands, playing classic songs from their home countries and even pop songs like Village People’s 1978 hit “YMCA.”

As he finished his address, loud shouts of “viva il papa,” or “long live the pope,” were heard among the tens of thousands of people.

Pope Leo is indicated on Saturday that his papacy will follow closely in the footsteps of the late Pope Francis, setting out a vision for a church led be a missionary focus, courageous dialogue with the contemporary world and “loving care for the least and the rejected.”

Leo is expected to lean in a more progressive way on social issues like migration and poverty but fall more in line with moderates on moral issues of Catholic doctrine.

In his first meeting with cardinals on Saturday, the new pontiff said that he chose his papal name to continue down the path of Pope Leo XIII, who addressed “the social question in the context of the first great industrial revolution.” Leo XIII, who was pope from 1878 to 1903, had a strong emphasis on workers’ rights and Catholic social doctrine.

Leo XIV also used his first weekend as pontiff to visit the Basilica di Santa Maria Maggiore, where he prayed at the tomb of Francis.

He also traveled to an Augustinian sanctuary just outside Rome, the Madonna del Buon Consiglio (Mother of Good Counsel), in Genazzano, Italy.

Leo is the first pontiff from the Augustinian order, which places an emphasis on service work and building community. He spent more than a decade leading the Augustinians as the prior general, giving him experience of heading an order spread across the world.

Even larger crowds are expected to fill St. Peter’s Square during Pope Leo’s installation Mass, which will take place on Sunday, May 18.

This post appeared first on cnn.com

U.S. President Donald Trump on Saturday promised to increase trade with India and Pakistan after the two nations agreed to a ceasefire to end the conflict with each other.

‘While not even discussed, I am going to increase trade, substantially, with both of these great Nations,’ Trump wrote on Truth Social. ‘Additionally, I will work with you both to see if, after a ‘thousand years,’ a solution can be arrived at concerning Kashmir. God Bless the leadership of India and Pakistan on a job well done!!!’

The fragile ceasefire was holding on Sunday after several days of intense fighting, with dozens killed as missiles and drones were fired at each other’s military bases. The deal was reached after diplomacy and pressure from the U.S., but artillery fire was witnessed in Indian Kashmir within hours of the agreement.

Attacks were witnessed in cities near the border under a blackout, as was the case in the previous two evenings.

The fighting began on Wednesday after 26 men were killed two weeks prior in an attack targeting Hindus in Pahalgam in Kashmir. Both countries rule part of Kashmir but claim full control.

Late on Saturday, India accused Pakistan of violating the agreement to stop firing and that the Indian armed forces had been told to ‘deal strongly’ with any continued firings.

Pakistan blamed India for violating the truce and said it was committed to the ceasefire.

The fighting and explosions reported overnight had quieted on both sides of the border by dawn on Sunday.

‘I am very proud of the strong and unwaveringly powerful leadership of India and Pakistan for having the strength, wisdom, and fortitude to fully know and understand that it was time to stop the current aggression that could have lead to to [sic] the death and destruction of so many, and so much,’ Trump said in his post.

‘Millions of good and innocent people could have died! Your legacy is greatly enhanced by your brave actions. I am proud that the USA was able to help you arrive at this historic and heroic decision,’ he added.

In the Indian border city of Amritsar, a siren sounded Sunday morning to resume normal activities.

Officials in Pakistan said there was some firing in Bhimber in Pakistani Kashmir overnight, but there was no fighting anywhere else and no casualties were reported.

The two countries have gone to war three times, including twice over Kashmir.

Reuters contributed to this report.

This post appeared first on FOX NEWS

Former Panamanian President Ricardo Martinelli left the Nicaraguan embassy in Panama City, where he had sought refuge more than a year ago after the courts upheld a money laundering sentence against him, and headed to Colombia where he has received political asylum, the government said late Saturday.

Panama’s foreign ministry said in a statement that Colombian President Gustavo Petro sent Panamanian President José Raúl Mulino a formal note saying that he had granted Martinelli asylum and that Panama had granted the former president safe passage to Colombia.

“The Republic of Colombia is a State that has historically recognized with the utmost respect, compliance, and promotion the institutions of International Law, including the asylum system within the Inter-American system,” the statement said.

Martinelli, 73, was sentenced to 10 years in prison for money laundering in July 2023 in connection with the purchase of a publishing group. Following the confirmation of that sentence, the former president sought refuge in the Nicaraguan diplomatic mission in Panama after President Daniel Ortega’s government granted him asylum. He had remained inside the embassy for more than a year.

Martinelli is a businessman and supermarket magnate who governed Panama from 2009 to 2014, a period of rapid economic growth driven by the construction of major projects such as the first metro in Central America and the expansion of the interoceanic canal. But his government was tainted by accusations of bribery and cost overruns. He was sanctioned by the United States for corruption in January 2023.

Martinelli maintains that his prosecution was politically motivated as he sought to run for a second term of office.

In 2023, he won his party’s nomination to seek the presidency again. However, he was convicted of money laundering, and after the Supreme Court denied his appeal, he was ineligible to run.

Ultimately, Martinelli supported his running mate, current President Mulino.

Nicaragua granted Martinelli political asylum in February 2024. Panama had refused to grant Nicaragua permission to move Martinelli to Nicaragua.

The Colombian government had not previously commented on the matter.

This post appeared first on cnn.com

They are considered one of the world’s most dangerous, and indiscriminate, weapons. Yet five European countries have turned their backs on an international treaty on the use of landmines, citing the growing threat from Moscow.

Finland, Poland, Latvia, Estonia and Lithuania – which all border Russia – have made moves to pull out of the Ottawa Treaty, the agreement that bans the use of anti-personnel landmines, which are designed to kill or maim if stepped on.

The developments have alarmed campaigners, who see the reintroduction of the weapons – which have killed or disfigured tens of thousands of civilians around the world and can contaminate an area for decades after a conflict ends – as a concerning regression.

The treaty, which also bans the weapons’ production and stockpiling, was signed in 1997, and was one of a series of agreements negotiated after the Cold War to encourage global disarmament. Since then, it has been credited with significantly reducing the harm from landmines.

Responding to Finland’s decision to leave the agreement, human rights NGO Amnesty International warned that the Nordic nation was endangering civilian lives, describing it as a “disturbing step backwards.”

The decision “goes against decades of progress on eliminating the production, transfer and use of inherently indiscriminate weapons,” the NGO warned.

At the start of this year, the pact had 165 member states. But major powers, including Russia, China, India, Pakistan and the United States, never signed up to it.

In a joint statement in March, Poland and the three Baltic states announced their withdrawal, arguing for a rethink on which weapons are – and which ones are not – acceptable in the face of Russia’s aggression.

The countries said they needed to provide their armed forces with greater “flexibility and freedom of choice,” to help them bolster the defense of NATO’s eastern flank.

The following month, in April, Latvia became the first country to formally withdraw from the treaty after its parliament strongly backed the proposal, meaning that after a grace period of six months, Riga would be able to start amassing landmines again.

Also that month, Finland unveiled plans to join Latvia. Explaining the decision, Finland’s Prime Minister Petteri Orpo told journalists that Russia poses a long-term danger to the whole of Europe. “Withdrawing from the Ottawa Convention will give us the possibility to prepare for the changes in the security environment in a more versatile way,” he said.

The announcements come as U.S. President Donald Trump has doubled down on efforts to wrap up the war in Ukraine, which has stoked fears in neighboring states that Moscow could re-arm and target them instead.

Keir Giles, a senior consulting fellow of the Russia and Eurasia program at the thinktank Chatham House and author of the book “Who will Defend Europe?,” believes that if and when Russia’s grinding conflict in Ukraine does come to an end by whatever means, Moscow will be readying itself for its next target.

For Giles, the military benefits of using landmines are clear. The underground explosives, he said, can slow an invasion, either by redirecting oncoming troops to areas that are easier to defend, or by holding them up as they attempt to breach the mined areas.

They can be particularly beneficial for countries looking to defend themselves against an army with greater manpower. “They are a highly effective tool for augmenting the defensive forces of a country that’s going to be outnumbered,” he said.

He believes the five countries leaving the treaty have looked at the effectiveness of the weapons, including their use in Russia’s war on Ukraine, in deterring invading forces.

However, he stressed that the Western countries wouldn’t use landmines in the same way as Moscow’s forces, saying there were “very different design philosophies” in the manufacturing of mines and cluster munitions between countries that aren’t concerned with civilian casualties or may willingly try to cause them, and those that are trying to avoid them.

In Ukraine, extensive Russian minefields laid along Ukraine’s southern front lines significantly slowed a summer counteroffensive launched by Ukraine in 2023.

Ukraine is deemed by the United Nations to be the most heavily mined country in the world. In its most recent projections, Ukraine’s government estimates that Moscow’s forces have littered 174,000 square kilometers (65,637 square miles) of Ukraine’s territory with landmines and explosive remnants.

This means Ukrainian civilians, particularly those who have returned to areas previously on the front lines of the fighting, are faced with an ever-present risk of death.

“The large-scale contamination of land by explosive ordnance has created an ‘invisible threat’ in people’s minds,” Humanity & Inclusion, an international charity helping those affected by poverty, conflict, and disaster, warned in a February report on the use of landmines in Ukraine. “As a result, people’s movements are extremely reduced or restricted, they can no longer cultivate their land and their social, economic, or professional activities are hindered.”

According to findings from Human Rights Watch published in 2023, Ukraine has also used antipersonnel landmines during the conflict and has received them from the US, despite Kyiv being a signatory of the 1997 ban.

In comparison, Finland, Poland and the Baltic nations say they would remain committed to their humanitarian principles when using the explosives, despite withdrawing from the ban.

When announcing its plans to leave the Ottawa Treaty, Helsinki stressed it would use the weapons in a humane manner, with the country’s president Alexander Stubb writing on X, “Finland is committed to its international obligations on the responsible use of mines.”

While the responsible use of landmines is a complex issue, measures to reduce civilian harm can include making precise records of minefields and their locations, educating communities to their dangers and the clearance or neutralization of the weapons once the conflict is over.

‘Disturbing step backwards’

Despite such pledges of responsibility, the move away from the Ottawa Treaty has left campaigners horrified.

Landmines have killed or maimed tens of thousands of civilians across the world and continue to cause harm. In its 2024 report, the Landmine and Cluster Munition Monitor found that at least 5,757 people were killed and wounded by mines and explosive remnants of war across the globe in 2023, with civilians making up 84% of that number.

Alma Taslidžan, from Bosnia, was displaced from her homeland during the war of the early 90s, only to return with her family to a country laced with landmines – a contamination issue she says plagues the country to this day.

Now working for disability charity Humanity & Inclusion, she described the five countries’ decision to pull out of the treaty as “absolute nonsense” and “the most horrible thing that could happen in the life of a treaty.”

She continued, “We are surprised that such advanced militaries like the Finnish, like the Estonians, Lithuanians, Latvians, would consider putting this hugely indiscriminate weapon in their military strategy, and what is worse, putting it in their land.”

Yet, for some, the new, precarious security reality that Europe is facing means that previous red lines are now up for discussion.

This is the case for Giles, who sees the latest developments as a recognition from these countries that treaties on landmines were “an act of idealism which has proven to be over-optimistic by developments in the world since then.”

This post appeared first on cnn.com

Here’s a quick recap of the crypto landscape for Friday (May 9) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$103,116 as markets closed for the week, up 2 percent in 24 hours.

The day’s range has seen a low of US$102,526 and a high of US$103,636. After breaking through the US$100,000 threshold on Thursday (May 8), the digital asset has found support.

Bitcoin performance, May 9, 2025.

Bitcoin performance, May 9, 2025.

Chart via TradingView.

The crypto market’s surge is attributed to positive geopolitical developments, particularly surrounding a US-UK trade agreement and optimism over upcoming trade talks with China.

A better-than-expected jobs report also reignited institutional interest. Meanwhile, the MOVE index has cooled from its late March-early April spike, encouraging broader risk-taking across financial markets.

On the technical side, Bitcoin’s realized cap has hit an all-time high above US$893 million. Cointelegraph’s Marcel Pechman notes that strong options activity suggests that prices above US$105,000 could fuel further gains. Analyst Egrag Crypto is forecasting a rally to US$170,000, contingent on Bitcoin breaking past its previous all-time high of US$109,000.

However, with Bitcoin’s relative strength index approaching 70, overbought conditions are emerging, and investors are urged to be cautious of short-term volatility.

Ethereum’s (ETH) price surge has outperformed that of Bitcoin and can be attributed to an increase in transactions following Wednesday’s (May 7) Pectra upgrade. ETH’s price has increased by over 25 percent from last week and 42 percent month-on-month. It finished the week at US$2,325.35, a 10 percent increase over 24 hours.

The day’s range saw a low of US$2,288.24 and a high of US$2,372.09.

Altcoin price update

  • Solana (SOL) closed at US$171.67, up 7.1 percent over 24 hours. SOL experienced a low of US$168.64 and a high of US$172.75.
  • XRP was trading at US$2.35, reflecting a 3.6 percent increase over 24 hours. The cryptocurrency reached a daily low of US$2.33 and a high of US$2.40.
  • Sui (SUI) was priced at US$3.89, showing a decreaseof 0.6 percent over the past 24 hours. It achieved a daily low of US$3.87 and a high of US$4.03.
  • Cardano (ADA) was trading at US$0.7799, up 5.5 percent over the past 24 hours. Its lowest price of the day was US$0.7763, and it reached a high of US$0.7953.

Today’s crypto news to know

Coinbase to acquire Deribit in US$2.9 billion crypto derivatives deal

Coinbase has announced plans to acquire Deribit, a leading crypto derivatives exchange, for $2.9 billion — the largest deal in the crypto industry to date. This strategic move positions Coinbase to expand its offerings in the crypto options market, catering to the growing demand for advanced trading products.

The acquisition includes US$700 million in cash and 11 million shares of Coinbase Class A common stock.

Deribit, which processed US$1.2 trillion in trading volume last year, controls approximately 85 percent of the global crypto options market. This deal is expected to enhance Coinbase’s presence in the international derivatives market and diversify its revenue streams. Analysts view the acquisition as a significant step for Coinbase to compete with other major exchanges like Binance and Kraken in the derivatives space. The transaction is subject to regulatory approvals and is anticipated to close later this year. Until then, Deribit will continue its operations as usual.

Rumble’s crypto wallet launch and Q1 earnings

Rumble’s (NASDAQ:RUM) CEO confirmed the firm will launch a Bitcoin and stablecoin wallet to compete with the Coinbase Wallet in Q3. The Rumble Wallet will launch in partnership with Tether.

“Our goal is to become the most prominent non-custodial Bitcoin and stablecoin wallet, powering the creator economy,” according to a May 9 (Friday) X post by Chris Pavlovski.

On the earnings front, Rumble reported a net loss of US$2.7 million for Q1 on Thursday, a significant improvement over the US$43 million loss reported in Q1 2024. The company’s revenue of US$23.7 million exceeded analysts’ estimates; however, the firm reported a decrease in monthly active users to 59 million, down from 68 million in Q4 2024.

Rumble opened 2.44 percent higher on Friday (May 9) and closed the week with a gain of over 17 percent.

Meta’s potential stablecoin integration

Meta Platforms (NASDAQ:META) is reportedly in discussions with cryptocurrency enterprises regarding the potential implementation of stablecoins for select, smaller-scale creator disbursements.

Five informed sources told Fortune that the corporation has engaged in consultative deliberations with multiple cryptocurrency infrastructure providers, albeit without having yet settled upon a definitive strategic approach.

An insider suggests that the entity may adopt a multi-token framework, encompassing the integration of established stablecoins such as Tether’s USDt and Circle’s USD Coin, amongst other alternatives.

This news comes the day after Democratic lawmakers withdrew support for the GENIUS Act after concerns arose over the lucrative crypto dealings of companies tied to US President Donald Trump. The bill stalled on the floor of the Senate, prompting a public statement from US Treasury Secretary Scott Bessent:

“This bill represents a once-in-a-generation opportunity to expand dollar dominance and US influence in financial innovation. Without it, stablecoins will be subject to a patchwork of state regulations instead of a streamlined federal framework.’

Celsius founder sentenced to 12 years for crypto fraud

Alex Mashinsky, founder and former CEO of Celsius Network, has been sentenced to 12 years in federal prison for defrauding customers and manipulating the price of the company’s CEL token.

Between 2018 and 2022, Mashinsky misled investors about the safety of their funds, using customer deposits to inflate CEL’s value and personally profiting over US$48 million. Celsius, which once managed over US$25 billion in assets, collapsed in 2022 amid a broader crypto market downturn, leaving thousands of users unable to access their funds.

SEC considers crypto exemptions

The US Securities and Exchange Commission (SEC) is “considering a potential exemptive order” to let crypto firms bypass requirements to register as a broker-dealer, clearing agency exchange to issue, trade and settle securities. SEC Commissioner Hester Peirce made the announcement in a speech published on Thursday.

Companies would still be expected to comply with rules to prevent fraud and market manipulation and may also need to meet certain disclosure and recordkeeping requirements.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

This week proved pivotal for the tech and energy sectors as market dynamics and the regulatory landscape shifted.

Apple (NASDAQ:AAPL) made waves by signaling a foray into artificial intelligence (AI) search and challenging app store regulations, while OpenAI underwent a major restructuring amid legal battles with Elon Musk.

Meanwhile, legislation targeting AI chip tracking gained momentum, and the nuclear energy sector saw increased activity with Ontario Power Generation’s new reactor project and potential White House actions.

Earnings reports from major players like Palantir (NASDAQ:PLTR), AMD (NASDAQ:AMD), Arm Holdings (NASDAQ:ARM) and Super Micro Computer (NASDAQ:SMCI) painted a complex picture of growth and challenges in a turbulent economic environment.

The interplay of innovation, regulation and market forces played out against a backdrop of trade developments between the US and the UK, with optimism regarding forthcoming negotiations with China boosting sentiment toward the end of the week.

Read on to dive deeper into this week’s top stories.

1. Apple’s App Store appeal, AI search plans and chip news

Apple is formally contesting last week’s judicial ruling mandating a reduction in its App Store commission.

The company filed an appeal against the order that would compel it to lower the existing 27 percent fee imposed on businesses offering links within their apps to external payment processing alternatives.

In related news, Apple executive Eddy Cue revealed during federal court testimony that the tech giant is investigating the development of its own AI-powered search engine for the Safari web browser. The news had an immediate impact on Alphabet’s (NASDAQ:GOOGL) shares, resulting in a 9 percent decline on Wednesday (May 7) afternoon.

In other news, Apple is reportedly making advances in its in-house silicon development.

The company is designing new proprietary chips intended to serve as the main central processing units for a range of future Apple products. These include anticipated devices such as smart glasses, more powerful iterations of its Mac computer line and specialized AI servers.

Combined with this week’s macroeconomic and geopolitical developments, Apple’s share price experienced turbulence, ultimately closing 2.25 percent below Monday’s (May 5) opening price on Friday (May 9).

2. OpenAI announces restructuring, acquisition and leadership changes

In a notable week for AI giant OpenAI, CEO Sam Altman shared a reorganization strategy on Monday, announcing that its operational arm will transition into a new public benefit corporation, with its non-profit arm acting as the primary shareholder. The decision follows talks with civic leaders and state attorneys general.

A person familiar with the matter told Business Insider that the new plan will let the company receive the full US$30 billion investment from SoftBank (TSE:9984). Meanwhile, sources told Bloomberg on Monday that Microsoft (NASDAQ:MSFT) and OpenAI are still in negotiations regarding a restructuring plan. A later report from the Information reveals that OpenAI plans to slash its 20 percent revenue-sharing agreement with Microsoft to 10 percent by 2030.

Regarding the ongoing legal dispute between Sam Altman and Tesla (NADAQ:TSLA) CEO Musk, who alleges that the company has strayed from its founding mission, Musk’s attorney, Marc Toberoff, told Reuters on Monday that the team intends to proceed with the lawsuit. Toberoff also called the restructuring a “cosmetic” move that turns charitable assets into private wealth, adding that “the founding mission remains betrayed.”

In other news, OpenAI made its largest acquisition to date this week, agreeing to buy AI-assisted coding tool Windsurf for about US$3 billion, and named ex-Instacart (NASDAQ:CART) CEO Fidji Simo as its new head of applications.

According to reports, Simo will manage operations and report directly to Sam Altman, who will retain his title as CEO. Altman will shift his focus to research, safety efforts and advancing artificial general intelligence.

3. AI chip regulatory developments

US Representative Bill Foster is preparing to introduce legislation aimed at tracking the location of AI chips, such as those produced by NVIDIA (NASDAQ:NVDA), after they are sold.

The proposed bill, first reported by Reuters on Monday, would task US regulators with developing rules to monitor these chips, ensuring they remain in authorized locations under export control licenses.

It would also seek to prevent unlicensed chips from being activated outside of authorized locations.

In other chip-related news, NVIDIA shares rose following news that the Trump administration plans to eliminate the so-called “AI diffusion rule.” However, a spokesperson from the US Department of Commerce clarified upcoming plans in a statement to CNBC’s Kif Leswing on Wednesday, commenting:

“The Biden AI rule is overly complex, overly bureaucratic, and would stymie American innovation. We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance.”

The announcement highlights the Trump administration’s intention to keep some guardrails in place to protect US interests, despite pushback from tech industry executives.

At a Congressional hearing on Thursday (May 8), OpenAI CEO Sam Altman emphasized the importance of maintaining US leadership in AI development. He cautioned against overregulation, warning that poorly designed rules could hinder America’s competitive edge, particularly against China.

4. Palantir, AMD, Arm and Super Micro share results

Palantir’s Q1 revenue rose 39 percent year-on-year to US$884 million, driven by demand for its data analytics software in the US. The company expects demand to continue, forecasting Q2 revenue between US$934 million and US$938 million. Palantir’s share price fell by 8 percent after hours as investors anticipated even stronger results. The company posted a loss of 5.6 percent for the week after a volatile week for tech stocks, as overvaluation concerns persist.

Advanced Micro Devices’ Q1 earnings report shows quarterly revenue of US$7.4 billion, an annual increase of 36 percent, with adjusted earnings per share of US$0.96. Despite an initial 7 percent stock surge following a positive quarterly report, AMD shares fell following the company’s announcement of a projected US$1.5 billion revenue decrease this year, attributed to US government limitations on the sale of AI chips to China.

Palantir, Super Micro, AMD and Arm performance, May 6 to 9, 2025.

Palantir, Super Micro, AMD and Arm performance, May 6 to 9, 2025.

Chart via Google Finance.

For Q4 2024, Arm Holdings reported quarterly revenue of more than US$1 billion for the first time in its history, but forecast revenue and profit for Q1 2025 below Wall Street estimates, resulting in a 4 percent slump on Thursday morning

Super Micro Computer’s net sales increased from US$3,85 billion in Q3 2024 to US$4.6 billion, while the company’s earnings per share fell year-on-year from US$0.66 to US$0.17.

The company lowered its full-year revenue guidance from US$23.5 billion to US$25 billion, down to US$21.8 billion to US$22.6 billion, with trade war-induced uncertainty and increasing competition cited as obstacles to growth. The company’s share price opened over 5 percent lower the next day and fell by over 3 percent this week.

5. Constellation shares jump, White House plans reactor push

Shares of Constellation Energy (NASDAQ:CEG) rose nearly 10 percent in two days ahead of the Tuesday (May 6) release of its Q1 earnings report, which revealed revenue that exceeded expectations by over 20 percent.

Later, during an earnings call, CEO Joe Dominguez said the company was close to inking multiple long-term deals to provide nuclear power to meet surging energy demands, further bolstering investors’ optimistic outlook.

In another significant development within the nuclear energy sector, Ontario Power Generation said it has secured the necessary approvals to commence construction on the first of four small modular reactors (SMR) designed by GE Verona (NYSE:GEV), which will be located at the company’s Darlington site near Toronto.

The Darlington project is anticipated to be the first deployment of this particular SMR technology within a G7 nation.

Separately, Axios reported on Tuesday that sources familiar with the matter say the White House is in the final stages of preparing executive actions intended to accelerate the deployment of nuclear reactors. These plans, reportedly under consideration for several weeks, could be officially announced imminently.

On Friday, NPR said its reporters have seen a draft of such an order. According to the report, the order instructs the Nuclear Regulatory Commission (NRC) to send new reactor safety guidelines to the White House for review and possible amendments. The draft also calls for a reduction of NRC’s staff and a “wholesale revision of its regulation” in coordination with the administration and the Department of Government Efficiency.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com