World Business Report

Pope Leo has warned that artificial intelligence poses potentially existential risks to humanity and should not be used to concentrate power in the hands of just a few people.
Oil prices have fallen sharply on hopes of a deal that could bring an end to the US-Israel war with Iran.
And the Italian luxury car giant Ferrari has launched its first ever ever fully electric vehicle called Luce, with a price tag of almost 600,000 dollars. So what does this mean for the electric car market?

The Finnish company behind the brand Oura, the maker of the health and wellness tracking ring has now filed to become a public company in the U.S. The company is valued at about $11 billion. And Pope Leo has raised his strong concerns on the development of Artificial Intelligence.

The new chair of the world's most powerful central bank is being sworn in at the White House today.
Kevin Warsh becomes the 17th Chair of the Federal Reserve at a very tense moment for the US and global economies.
He's an advocate for cutting rates. something President Trump has long demanded.
Also, why were 2 boxes of Japanese Melons worth $36,500?

Artificial intelligence companies including OpenAI, Anthropic and SpaceX are preparing for potential stock market listings in 2026, as investor interest in the sector pushes combined company valuations towards the trillion-dollar mark.
President Trump has also decided against signing a planned executive order on AI regulation today, a move being closely watched by technology companies and investors.
And Universal Music Group and Spotify have signed a new agreement around AI-generated music — including covers and remixes that imitate artists’ voices and styles — raising fresh questions about ownership, consent and how musicians should be compensated in the age of AI.
(Picture: REUTERS/Kent Nishimura)

Elon Musk's space X is going public, in what could be the biggest initial public offering in history. Leanna Byrne speaks to Dr Stephanie Hare about the significance of the IPO.
We also hear from Azadeh Moshiri in India about why the cockroach has unexpectedly become India's new political mascot.