The Indian rupee fell to an all-time low on Thursday, pressured by stubbornly high oil prices and persistent ‌foreign ⁠portfolio ⁠outflows that have led to current and capital account strain for Asia’s third-largest economy.

The rupee fell 0.1% to 95.8525 per U.S. dollar, eclipsing ⁠its previous ‌record low of 95.7950 hit in ⁠the previous session.

The rupee has declined 1.4% this week and hit record lows in each trading session between Tuesday and Thursday.
India’s heavy reliance on ‌oil imports leaves the currency particularly vulnerable among emerging markets ⁠if the Iran war drags on. The country imports about 90% of its oil needs and about 50% of its gas requirements.

From Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals’ comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user’s investment objectives, financial situation, or means. For our full disclaimer please click here.

A top OpenAI executive said Wednesday the company would support a U.S.-led global AI body that includes China as competition between the two countries intensifies.

Chris Lehane, OpenAI’s vice president of global affairs, told reporters the U.S. could leverage its advancements in AI to help establish a global framework aimed at building safer, more resilient systems, according to Bloomberg.

“AI, in some level, transcends a lot of the prevailing or traditional trade type of issues,” Lehane said. “There is an opportunity to really start to build something up globally, and have countries around the world, including China, potentially participate.”

Lehane said the proposed organization could resemble the International Atomic Energy Agency, which includes China and sets global safety standards for nuclear energy development.

TRUMP READIES FOR BEIJING SUMMIT WITH XI AS AI CHIP SALES, FARM GOODS TOP AGENDA

He added that such a framework could be built by linking the U.S. Commerce Department’s Center for AI Standards and Innovation with AI safety institutes being developed around the world.

Lehane said OpenAI has floated the idea of connecting AI safety institutes, though it is unclear whether the Trump administration would support China’s participation in setting global guidelines.

The comments come as President Donald Trump arrived in China ahead of talks with Chinese President Xi Jinping.

Several business leaders joined Trump on the trip, including Nvidia CEO Jensen Huang. The chipmaker is the world’s most valuable company, with a market value of about $5.3 trillion.

BOEING PURSUES MASSIVE CHINA JET DEAL AS CEO JOINS TRUMP’S DELEGATION TO BEIJING

The talks are expected to take place against the backdrop of the ongoing war in Iran, as well as continued U.S.-China tensions over tariffs, artificial intelligence and trade.

The two countries could discuss new commitments by China to purchase U.S. agricultural products and jetliners, while restrictions on the sale of advanced AI chips remain a potential sticking point.

Ahead of the visit, former White House AI adviser David Sacks weighed in on the intensifying AI competition between the two countries on “The Claman Countdown.”

FROM ROGUE AI BLACKMAILING HUMANS TO CONDENSING SCHOOL DAYS, THE AI REVOLUTION IS ALREADY RESHAPING LIFE

“I do think that there are things that may be in our common interest, and it’s worthwhile to explore having those conversations,” he said.

“The fact is, we have to still protect from against each other. So I think it’s going to be a little bit limited in terms of what we can achieve there.”

The discussions come as concerns grow over advanced AI systems, including Anthropic’s Mythos model, which has raised alarms about its ability to identify long-standing security vulnerabilities.

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Sacks said the U.S. and China could potentially reach an agreement on new cyber standards, noting that neither country wants “rogue actors” using AI for harmful purposes.

FOX Business has reached out to OpenAI and the White House for comment.

FOX Business’ Eric Revell and Nora Moriarty contributed to this report.

Operator

Hello, and welcome to Fossil Group Q1 2026 Earnings Conference Call. [Operator Instructions] This call is being recorded. And this call may not be reproduced in whole or in part without the company’s permission. I will now be passing the call over to the presenters. You may begin.

Christine Greany
The Blueshirt Group, LLC

To remind you that information made available during this conference call contains forward-looking information, and actual results could differ materially from those that will be discussed during this call. Fossil Group’s policy on forward-looking statements and additional information concerning a number of factors that could cause actual results to differ materially from such statements is readily available in the company’s Form 8-K, 10-Q and 10-K reports filed with the SEC.

In addition, Fossil assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. During today’s call, we will refer to constant currency results as well as certain non-GAAP financial measures. Please note that you can find a reconciliation of actual results to constant currency results and other information regarding non-GAAP financial measures discussed on this call in Fossil’s earnings release, which was filed today on Form 8-K and is available in the Investors section of fossilgroup.com.

With that, I’ll now turn the call over to Franco to begin.

Franco Fogliato
CEO & Director

Good afternoon. Thank you, Christine, and welcome, everyone. We’re pleased to begin the year with strong

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Google GOOGL 3.94%increase; green up pointing triangle is in talks with SpaceX for a rocket-launch deal as the search giant expands its own efforts to put orbital data centers in space, according to people familiar with the discussions. 

A launch deal would put the two companies in partnership as they gear up to compete on orbital data centers, an unproven technology that SpaceX Chief Executive Elon Musk has said is the next frontier for his rocket company. 

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