Page 520 - World News

Sam Altman backtracks on for-profit ambitions, OpenAI to remain non-profit

US AI-research and deployment company OpenAI has decided to go with a public benefit corporation (PBC) while still keeping the non-profit in charge, satisfying regulators, the public, and investors

Trump threatens 100% tariff on movies made outside US- what we know so far

Trump accused other nations of stealing US film industry capabilities and said he's directed officials to start imposing an import tax on all foreign-made movies

Trump targets foreign drugs: Tariffs in 2 weeks, begins US mfg push

US President Trump has signed executive orders to speed up drug approvals and pharma infrastructure construction in the US

With lower oil prices, Putin is more eager to settle Ukraine war: Trump

The price of oil, which drives the Russian economy has fallen around $15 a barrel since the start of the year

Trump tariffs fear makes Japan walk delicate tightrope between US, China

Among all US allies being wooed by Beijing in its tariff stare-down with Washington, Japan stands out

German lawmakers vote on Merz's bid to be chancellor, here's what to know

Merz seeks to take the helm of the 27-nation European Union's most populous member after outgoing Chancellor Olaf Scholz's government collapsed last year

Reopening Alcatraz adds to existing troubles for Federal Bureau of Prisons

Despite staffing woes, violence, and aging facilities, Trump is relying on the Bureau of Prisons to revive Alcatraz, the infamous prison known in pop culture as The Rock

EU to set out plan for phasing out Russian gas deals, existing contracts

The EU has a non-binding aim to end its reliance on Russian fossil fuels by 2027, which it set after Moscow's 2022 full-scale invasion of Ukraine

US seeks Google ad-tech breakup after judge finds illegal monopoly

The judge set a September trial date on Friday, after hearing from Google and the DOJ on potential remedies for the company's dominance in ad tools used by online publishers

Elon Musk's lawyer says OpenAI's reform proposal 'changes nothing'

Earlier in the day, the ChatGPT maker said it would move forward with an effort to restructure its for-profit division as a public benefit corporation

Mideast titans step back from AI model race as US, China dominate

In the Middle East, as in other markets, companies are rethinking whether the cost of building a cutting-edge AI model from scratch is worthwhile

Donald Trump says AI Pope pic was 'fun': 'Melania thought it was cute'

US President Donald Trump distanced himself from an AI-generated image showing him as the pope, calling it "harmless fun"; image drew backlash from Catholic leaders and international critics

A look at Gaza's troubled history as Israel vows to take full control

Israel withdrew from Gaza in 2005 after a decades-long occupation and then imposed a blockade on the territory along with Egypt

LA firefighters union leaders suspended over alleged misuse of funds

The union's troubles began in October 2024, when an officer flagged concerns about improper record-keeping to the parent organisation

Global stocks drift, dollar steadies as focus shifts to Asian currencies

In Asia, focus shifts to currencies after Taiwan dollar's surge, sparking speculation of regional FX revaluation to secure US trade concessions

Judge orders Trump admin to admit roughly 12,000 refugees amid legal battle

The order from US District Judge Jamal Whitehead followed arguments from the Justice Department and refugee resettlement agencies over how to interpret a federal appeals court ruling

China's services growth hits 7-month low as tariffs bite, PMI drops to 50.7

Despite stronger-than-expected economic growth in the first quarter, supported by government stimulus, China's economy contends with persistent deflationary risks

Donald Trump vows to meet Hollywood on tariff plan that shook industry

Film and entertainment figures struggled to interpret Trump's directive, which said the American movie industry is 'DYING' and cast foreign films as a national security threat

US lawmaker targets Nvidia AI chip smuggling to China with new bill

Both President Donald Trump and his predecessor, Joe Biden, have implemented progressively tighter export controls of Nvidia's chips to China

Shein, Temu ramp up digital advertising in UK, France as US tariffs hit

Shein boosted spending 35 per cent in France and the UK, while PDD Group's Temu increased by 40 per cent and 20 per cent month-over-month