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Intel Corp. agreed to buy Israeli startup Classiq Technologies Ltd. as part of a push to capitalize on quantum computing, a still-nascent field that is seeking commercial applications.

Microsoft Corp. will offer buyouts to about 60,000 workers, part of the company’s efforts to trim costs and retool its workforce for the artificial intelligence era.

Colombia is selling dollar bonds for the first time since January, as a new administration pledges to rein in the widening budget gap and put the nation’s debt back on a sustainable path.

Singapore expanded its investigation into haze-creating fires in Indonesia that have blanketed the city-state in smog, requesting information from 10 locally registered companies.

Indonesian shares rebounded from earlier losses, as the nation’s sovereign wealth fund said it has been buying local stocks.

Oil advanced after deadly attacks in Saudi Arabia heightened concerns that escalating Middle East hostilities could hit supply, even as exports through the Strait of Hormuz accelerate.

Treasuries rose along with the yen and Swiss franc as investors sought shelter after stocks stumbled on renewed concern about the artificial intelligence trade.

Stocks slid in a broad retreat from riskier assets as a slate of technology earnings fell short of elevated expectations and escalating hostilities in the Middle East pushed oil prices higher.

Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they’ll spend on the technology and how it will transform the economy.

Oil headed for a weekly gain as the crucial Strait of Hormuz remains effectively closed, with efforts to end the war in limbo and disruptions that have upended global markets set to linger.

BYD Co. is negotiating with Stellantis NV and other European carmakers about taking over underutilized factories in the region, according to the Chinese company’s top international executive.

OpenAI’s Sam Altman testified that he was “extremely uncomfortable” with Elon Musk’s insistence that he have complete control over a proposed for-profit subsidiary of the startup back in 2017.

A retreat in high-flying technology stocks is dragging equities lower as traders wait for US inflation data. Brent rose for a third straight day, with the ceasefire in the Middle East appearing increasingly fragile.

South African President Cyril Ramaphosa said he would contest a report that criticized his handling of a robbery at his farm in 2020 after a ruling by the nation’s top court resurrected the scandal, and rejected calls to stand down.

I Squared and Blackstone Inc. are edging closer to making a bid for Stroeer SE & Co. that could value the German media group at about €2.5 billion ($2.9 billion), people familiar with the matter said.

Poland’s central bank Governor Adam Glapinski said the likelihood of interest rate increases has grown over the past month although a hike is not a forgone conclusion for policymakers.

Japanese stocks are set to surge as markets reopen from holidays, as investors catch up with the global equities rally driven by optimism the US and Iran were nearing a deal to end their conflict.

Eli Lilly & Co. is seeking to raise about $8 billion from an investment-grade bond sale, according to people with direct knowledge of the matter, as part of the company’s effort to fund an acquisition spree.

Oil slumped for a second day after Axios reported that the US and Iran are getting close to a one-page memorandum of understanding to end the war.

Alphabet Inc. has kicked off its latest megabond deal as it returns to the euro market just months after selling nearly $32 billion of dollar, sterling and Swiss franc-denominated notes.