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Former Iranian foreign minister Javad Zarif warned that if Iran fails to reach a final agreement with the US within the proposed 60-day negotiating window, it could face further economic hardship, domestic unrest or a new round of military strikes.

2026-08-03

Former Iranian foreign minister Javad Zarif warned that if Iran fails to reach a final agreement with the US within the proposed 60-day negotiating window, it could face further economic hardship, domestic unrest or a new round of military strikes.

Other News
2026-08-03

BofA says Google, Microsoft, Amazon and Meta are sharply increasing AI capital spending: combined capex is forecast to exceed $860bn in 2026 (roughly +80% YoY) and reach about $1.2tn in 2027 (+~38% YoY). The expansion is backed by more than $2.3tn of

BofA says Google, Microsoft, Amazon and Meta are sharply increasing AI capital spending: combined capex is forecast to exceed $860bn in 2026 (roughly +80% YoY) and reach about $1.2tn in 2027 (+~38% YoY). The expansion is backed by more than $2.3tn of customer long-term contracts and order backlog (up ~16% q/q), boosting demand visibility. AI and cloud sales are still growing near 80–100%+ with improving margins, but higher capex will squeeze free cash flow: capex is projected at roughly 100–115% of operating cash flow, pushing industry FCF margin to about -1% in 2026 and -5% to -6% in 2027–28 before recovery as AI returns materialize. The five hyperscalers have raised about $270bn year-to-date, mainly long-term debt and equity to bolster liquidity and optimize balance sheets, not indicative of acute funding stress. Primary supply-chain Beneficiaries listed are compute chips, storage, semiconductor equipment, power semiconductors and optical communications.
2026-08-03

SCHUMER said the continuing resolution released today is the responsible choice.

SCHUMER said the continuing resolution released today is the responsible choice.
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