Alibaba (BABA.N) is reportedly set to lead a funding round in AI startup UniPat that values the company at about $2.5 bln.

Iranian media Fars News reports explosions heard in waters off southern Jask.

A draft by European Parliament rapporteur Peter Liese, due Friday, would smooth ETS reductions over the next decade, cutting the emissions cap by 3.4% annually in the early 2030s versus the European Commission's 3.7% proposal, and applying a 2.3% linear reduction factor in the later period compared with the Commission's 1.7% target for 2036. The adjustment would ease near-term pressure on weak European industry; high-emission producers such as chemicals warn that higher decarbonisation costs weaken EU competitiveness with the US and could prompt plant closures.