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Sony Music and Warner Music subsidiaries filed suit against Anthropic in the US District Court for the Northern District of California on Friday evening, accusing the AI firm of "one of the largest and most brazen intellectual property thefts in hist

2026-08-30

Sony Music and Warner Music subsidiaries filed suit against Anthropic in the US District Court for the Northern District of California on Friday evening, accusing the AI firm of "one of the largest and most brazen intellectual property thefts in history," Axios reports. The complaint names Anthropic, CEO Dario Amodei and a co-founder as defendants.

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2026-08-29

U.S. Treasury Secretary Scott Bessent, in a letter to Senator Elizabeth Warren on Aug. 27, defended last month’s use of the Exchange Stabilization Fund (ESF) to intervene in the yen. He warned disorderly yen swings could force Japan — a major holder

U.S. Treasury Secretary Scott Bessent, in a letter to Senator Elizabeth Warren on Aug. 27, defended last month’s use of the Exchange Stabilization Fund (ESF) to intervene in the yen. He warned disorderly yen swings could force Japan — a major holder of U.S. Treasures — into forced selling, destabilize global markets and ultimately push up borrowing costs for U.S. households and firms. Bessent declined to disclose the size of the intervention, confirmed the ESF used existing foreign-currency assets to buy yen and said officials had considered using euros. He said the action was lawful and that the U.S. provided no credit to Japan. Japan spent a record $96.4 billion last month defending the yen.
2026-08-30

Glencore has set aside about $480m to cover its exposure to Radiant World, people familiar with the matter said. Radiant World, an iron ore trader, is under pressure after allegations it supplied false documents to banks; the provision covers Glencor

Glencore has set aside about $480m to cover its exposure to Radiant World, people familiar with the matter said. Radiant World, an iron ore trader, is under pressure after allegations it supplied false documents to banks; the provision covers Glencore’s entire net outstanding exposure to the firm.
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