The Chinese companies copied US AI labs’ intellectual property through a technique known as distillation, according to a statement from US law enforcement and intelligence officials.

The US wants to discuss cooperation on monitoring AI-directed cyberattacks, and has floated a proposal to ask US and Chinese AI labs to "police themselves" and share information to prevent AI-linked cyberattacks.

The yen strengthened towards the nearly seven-month high touched against the dollar on Tuesday as traders exited short positions in the Japanese currency amid expectations for faster Bank of Japan interest rate hikes and a potential rush of repatriation of Japanese capital.

Batam’s economic growth in Q2 2026 reinforces its position as a major industrial and investment hub in Indonesia, with manufacturing, trade, services and investment at the center.

Authorities were weighing whether to give the stake to the Indonesia Investment Authority (INA) or Sarana Multi Infrastructure (SMI), a development financing arm under the Finance Ministry.

The company said it had approved a plan involving the reduction of around 50,000 jobs, on top of another 50,000 already agreed.

While Indonesia is making massive investments in the downstream sector, upstream reforms regarding waste collection, financing and management must align with that ambition.

The Japanese yen climbed to fresh seven-month highs against the US dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a Bank of Japan interest-rate hike while the dollar was subdued ahead of CPI data this week.

Stocks rose Friday and government yields held their losses after comments from top Federal Reserve officials tempered fears that the central bank would hike interest rates at its meeting this month.