World News

Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports

The WTI October contract that is expiring on Tuesday also fell $2.69, or 2.7%, to $97.61 a barrel. The November contract stood at $93.49.

Google hit with $463 million fine for breaching EU location data rules

Regulators also found the company failed to be lawful, fair and transparent when it processed personal data in its Location Accuracy feature in the Android mobile operating system

Tesla faces major trial over alleged discrimination against Black workers

Lawyers for Tesla and the California Civil Rights Department will square off in Oakland before state Superior Court ‌Judge Peter Borkon, who has scheduled the trial to run ​until October 30

Novo Nordisk aims to launch more than five blockbuster drugs by 2030: CEO

The company is racing ​to reassure markets that ​it can navigate patent expirations for semaglutide - the active ingredient in its anti-obesity ​drugs Ozempic and Wegovy franchises, in the early 2030s

OpenAI's Astra for Law: What its AI push for legal sector means for rivals

OpenAI launched Astra for Law, while Thomson Reuters has built its own AI model for professional applications. Anthropic is also considering a new model as it faces growing competition from OpenAI

AI adoption driving hiring, but mostly for senior-level roles: Study

The number of employees in senior positions rose by 6.7% over five years at companies adopting AI, while junior employment declined 3% in the same period

Chinese President Xi to visit US on Sep 23-25 for summit talks with Trump

The two leaders last met in Beijing in May during Trump's visit, when they held talks aimed at improving ties between the world's two largest economies

Pakistan bombs Afghan 'militant hideouts', Kabul reports civilian deaths

Pakistan said 28 suspected 'militants' were killed in airstrikes in Afghanistan, while Kabul said three civilians died and four others were injured in the attacks

SoftBank launches over $11 billion bond sale to fund OpenAI investment

SoftBank OpenAI investment: Bloomberg reported that the transaction would rank among the largest junk bond sales by a single company, excluding distressed debt exchanges

How the EU's new age-verification app will keep children safe online

The EU is proposing more than age limits for children online, with a common verification system and rules designed to make platforms safer by default

Iran war pushes diesel to record high prices, with no relief on the horizon

The inflation-adjusted price of diesel in late August was about as high as it was in 2022 and has likely risen further

Paramount settlement talks include penalty for missing 30-film pledge

Paramount would have to pay $30 million for each film that falls short of that goal, according to two people familiar with the discussions

China, US hold in-depth talks on tariffs, AI issues ahead of Xi-Trump meet

The talks were held between Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and American Trade Representative Jamieson Greer in New York

Bangladesh raises fuel prices by up to 17.4% amid global oil price surge

The new rates, ‌effective from Monday, are expected to ​raise transportation and production costs ​across the import-dependent economy, adding to inflationary pressures

Japan braces for Typhoon Dujuan, some impact likely at Asian Games venue

Typhoon Dujuan is approaching Japan's Pacific coast, disrupting transport and prompting weather warnings

Microsoft's Nadella to join OpenAI, Nvidia CEOs at Trump's dinner for Xi

The summit stands to bring together some of the most powerful figures in the technology world in the middle of an escalating debate over artificial intelligence and how to control the technology

US proposes AI incident alert system in talks with China: Bessent

Trump has resisted calls to slow down AI development, saying that would help China catch up to US companies

US issues Iran travel warning, urges citizens to leave amid rising tensions

The US Virtual Embassy in Iran, in a security alert, said the regional security environment remained complex and warned of potential flight cancellations, airspace closures and other travel disruption

Zelenskyy, Trump agree to meet in New York to advance Ukraine peace push

The meeting is expected to take place in New York during the upcoming UN General Assembly session

Iran rules out reopening Strait of Hormuz until US meets its demands

Ghalibaf said Iran had conveyed its demands to the United States through intermediaries and would not reconsider its position until Tehran's conditions were fulfilled