World News

US state launches probe into OpenAI after AI agent hacks Hugging Face

Last week, IPO-bound OpenAI said it would slow the pace of model development while overhauling its ‌research and training systems

Australia teens return to TikTok 8 months after under-16 social media ban

Some 26% of children between the ages of 13 and 15 were on TikTok as of last month, just one percentage point below the rate prior to Australia's groundbreaking rules coming into effect

Zoox vs Tesla: How Amazon's 'toaster-shaped' robotaxi differs from Cybercab

Zoox and Tesla are taking different routes to driverless taxis. Here's how their robotaxis differ in design, regulation, manufacturing and deployment

Dozens of Chinese, Hong Kong firms hit by Trump admin's Iran sanctions

US Treasury Dept unveiled a package targeting dozens of individuals and entities as part of what Treasury Secy Scott Bessent described as Operation Economic Outcast

Operation Economic Outcast explained: How the US plans to isolate Iran

The US has launched Operation Economic Outcast to isolate Iran by targeting its oil, shipping, technology and financial networks, while warning countries and firms trading with Tehran of sanctions

Volkswagen CEO faces workers angry over his plan to cut 100,000 jobs

Blume and VW brand chief Thomas Schäfer are due to present their restructuring plan, which could wipe out as many as 100,000 jobs, at the company's main Wolfsburg factory

Canada to announce retaliatory tariffs against US as trade fight escalates

PM Carney said that Canada may need to move away from matching US tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses

US set for largest mass visa revocation ever, targets up to 200K foreigners

If it happens, the move would be the largest single mass revocation of visas in US history and would likely face legal challenges

US SC sides with Trump admin on mail voting restrictions ahead of midterms

The decision leaves room for additional court challenges that could further slow Trump's order, and other similar cases have already been filed

Trump weighs 7.5% tariff on China for flooding market with cheap goods

The move, if finalised, appears to be a calibrated effort by the White House to work around a SC decision earlier this year that struck down Trump's plan to implement a sweeping, high-tariff scheme

US attempt to strangle Iran's economy depends on China's cooperation

The US has spent 20 years promising 'crippling sanctions' on Iran. But the latest effort comes with a reverse twist, after military action failed to accomplish President Trump's goals

Trump administration moves to impose over $100K fee on H-1B worker visas

A federal judge in June ruled that the fee was illegal and blocked the ‌Trump administration from collecting it.

Iran vows retaliation as US expands sanctions, threatens economic lifeline

US Treasury Secy Scott Bessent unveiled measures but stopped short of the most punishing sanctions, saying countries that continued trading with Iran risked being forced out of dollar system

Bessent's economic D-Day threat to Iran hinges on willingness to hit China

But that's only if Bessent actually follows through on a threat the Trump administration has made before

US unveils 'economic D-Day' against Iran, warns trade partners of sanctions

The statement marked the latest bid to force capitulation from Iran, which has refused to bow to US demands despite months of US bombing that began in February as well as decades of economic sanctions

Iran threatens response as US expands sanctions, warns other nations

The new head of Iran's top security body warned Sunday that Tehran will see any country's support for the sanctions as an "act of war".

Zelenskiy says Russia is 'not ready' for ceasefire on grain ships

Moscow and Kyiv, major players in global agriculture markets, have accused each other of intensified attacks on vessels used for food exports ‌during Russia's war in Ukraine.

The $500 billion experiment to build 24/7 markets on blockchain

Modern finance spent decades building markets around a common architecture: recognized venues, set trading hours and benchmark prices that anchored everyone else.

Trump threatens 50% tariffs on all cars, trucks from Canada amid trade spat

"On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON'T NEED CANADA, THEY NEED US!" Trump said.

India's Iran exports set to fall further amid Dubai halt, US sanctions

Indian exporters fear Trump's proposed "economic D-Day" plan, likely to be unveiled later on Monday, could further squeeze trade weakened by sanctions, banking caution and shipping constraints