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China's crude-related front-month futures slid intra-day: Shanghai crude (SC) main contract fell 3.14% to 694.6 yuan/barrel; low-sulfur fuel oil (LU) fell 2.08% to 5,279 yuan/ton; fuel oil fell 2.39% to 4,084 yuan/ton; bitumen fell 2.01% to 5,648 yua

2026-09-22

China's crude-related front-month futures slid intra-day: Shanghai crude (SC) main contract fell 3.14% to 694.6 yuan/barrel; low-sulfur fuel oil (LU) fell 2.08% to 5,279 yuan/ton; fuel oil fell 2.39% to 4,084 yuan/ton; bitumen fell 2.01% to 5,648 yuan/ton.

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2026-09-22

Legal AI startup Harvey, valued at about $15.6bn, built its product around training models similar to OpenAI's GPT-4 for law firms. After a March update client usage surged but gross margin fell from roughly 50% at the start of the year to -50% in Ju

Legal AI startup Harvey, valued at about $15.6bn, built its product around training models similar to OpenAI's GPT-4 for law firms. After a March update client usage surged but gross margin fell from roughly 50% at the start of the year to -50% in June, a person familiar with the matter said. Facing rising AI operating costs, Harvey has shifted to open-weight AI—cheaper than proprietary US offerings and allowing firms to train custom models on their own data—joining a growing number of software companies making the move.
2026-09-22

MASNA Ventures, Saudi Arabia’s first defense-focused venture fund, is seeking to raise its cap from $100 million to $150 million and has applied to SAUDI ARABIA'S CMA. The fund is increasing investment into localization of U.S. and allied defense tec

MASNA Ventures, Saudi Arabia’s first defense-focused venture fund, is seeking to raise its cap from $100 million to $150 million and has applied to SAUDI ARABIA'S CMA. The fund is increasing investment into localization of U.S. and allied defense technology production, citing recent Gulf conflicts and Houthi threats that exposed regional military shortfalls. MASNA is prioritizing Autonomous maritime systems—drones, unmanned surface vessels and unmanned underwater vehicles—and aims to establish three operational joint ventures and make six capital investments in 2026.
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