SYDNEY, Sept 20 (Reuters) – Apple Executive Chair Tim Cook views the Australian government’s pioneering curbs on social media as “world-leading”, Prime Minister Anthony Albanese said on Sunday after meeting with Cook at the company’s US headquarters. “Tim Cook gave us a lot of time this morning. He
Sept 19 (Reuters) – US Treasury Secretary Scott Bessent will meet with Vice Premier He Lifeng on Sunday at JPMorgan Chase headquarters in New York to discuss AI security, trade and other economic issues, a person familiar with the planning said on Saturday. The Manhattan meeting, coming days before
A new lawsuit claims Anthropic, OpenAI, SpaceXAI and Google made an illegal deal to slow the pace of their respective AI development. The lawsuit, which was filed Friday in the U.S. District Court for the Northern District of California, argues that the leading AI companies violated antitrust laws w
SAO PAULO, Sept 19 (Reuters) – Brazilian state-run oil firm Petrobras said on Saturday that its board approved the company’s participation in a new government subsidy program for diesel oil producers, worth 1.00 real ($0.19) per liter for 30 days. • The diesel subsidy can be extended for another 30
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a sna
ADDIS ABABA, Ethiopia (AP) — The United States lifted sanctions against Eritrea’s ruling party and the military that the former Biden administration imposed, according to the U.S. Department of the Treasury. The sanctions were issued in 2021 over humanitarian and human rights concerns during a viole
BERLIN, Sept 19 (Reuters) – Volkswagen’s sweeping turnaround plan foresees more than 4,000 further job cuts at Porsche, German business daily Handelsblatt reported on Saturday, following a profit warning linked to problems at the sports car subsidiary. Files documenting a recent agreement by Volkswa
Once a distant ambition for technology researchers, the prospect of artificial intelligence models teaching themselves autonomously to be more efficient and capable appears ever closer to reality. As the technology advances, developers say it is approaching “recursive self-improvement,” or RSI, in w
LA PAZ, Bolivia (AP) — Bolivian lawmakers approved a $1.9 billion loan agreement with the International Monetary Fund on Friday, delivering the conservative government a key victory in its efforts to ease the country’s deep economic crisis as unions threatened renewed protests. Just hours after Cong
The parents of a 23-year-old woman who was fatally struck after her Uber driver pulled over along a southern California highway were awarded $40 million after an arbitrator found both Uber and the driver liable for her death. Carol Normandin and Ken Parker said Friday that they hope the amount will
By Echo Wang, Krystal Hu and Milana Vinn Sept 18 (Reuters) – Anthropic is considering rolling out a new AI model to counter OpenAI’s momentum since its launch of GPT-6 Astra, according to three sources, ahead of an expected IPO and after its CEO called for an industrywide slowdown. The timing of a p
By Jody Godoy Sept 18 (Reuters) – Paramount and states seeking to block its $110 billion acquisition of Warner Bros. could settle as soon as this weekend, with independent content monitoring of CNN among the terms under discussion, sources familiar with the matter told Reuters on Friday. A commitmen
By Jarrett Renshaw Sept 18 (Reuters) – The US and China are discussing a plan to reduce or eliminate China’s tariffs on American LNG as part of a broader package of energy and agriculture agreements that could be announced when Chinese President Xi Jinping visits Washington next week, according to t
By Courtney Rozen WASHINGTON, Sept 18 (Reuters) – US Treasury Secretary Scott Bessent plans to discuss AI, trade, rare earths and economic issues when he meets with Chinese Vice Premier He Lifeng in New York City this weekend, according to a source familiar with his plans. The discussions are signif
By David Shepardson WASHINGTON, Sept 18 (Reuters) – A group representing major US airlines said on Friday it opposes Air China’s bid to schedule additional flights from Beijing to New York and Washington as part of President Xi Jinping’s planned meeting with President Donald Trump. Airlines for Amer
SYDNEY, Sept 18 (Reuters) – Debt-riddled Australian developer Bathla Group received a one-year extension on Friday to complete unfinished projects that were left in limbo when it entered administration last month. But the company would still be dependent on securing further funding from lenders, adm
By Joanna Plucinska LONDON, Sept 18 (Reuters) – With generous helpings of caviar and champagne, Air France’s costly bet on luxury appears to be paying off, helping the Paris-based carrier weather the fallout from the Iran war, Chief Executive Ben Smith told Reuters on Friday. Airlines worldwide, inc
Sept 18 (Reuters) – Law firm Weil, Gotshal & Manges is considering options for its future, including a potential merger with a competitor, Bloomberg News reported on Friday, citing people with knowledge of the matter. The company has been canvassing its partners and exploring ways to strengthen its
By Atharva Singh and Pragyan Kalita Sept 18 (Reuters) – Orion180 Insurance was valued at $1.14 billion after its shares fell in its Nasdaq debut on Friday, setting a cautious tone for other insurers eyeing public listings later this year. Shares opened at $11.50 after the Melbourne, Florida-based co
Sept 18 (Reuters) – Warren Buffett stepped down as chairman of Berkshire Hathaway on Friday, handing the top role to his son Howard and completing a historic leadership handover that started with Greg Abel’s appointment as CEO earlier this year. Investors will likely be keen on how the new leadershi
Sept 18 (Reuters) – Berkshire Hathaway said Howard Buffett would become the chairman of the $1.1 trillion conglomerate, succeeding legendary investor Warren Buffett, who would become chairman emeritus. The move completes one of the biggest and most closely watched transitions in corporate America, n
By Angela Christy M and Danielle Kaye Sept 18 (Reuters) – French soccer star Kylian Mbappe has ended a two-decade partnership with Nike to join fast-growing Swiss sportswear brand On, giving the Roger Federer-backed company a marquee name for its push into soccer and handing the US giant another hig
LONDON (AP) — A preliminary report Friday blamed a millisecond-software defect for the cancellation of over 2,000 flights in and out of the United Kingdom last week. NATS, formerly known as National Air Traffic Services, said Friday that the glitch on Sept. 8 was behind the mayhem at British airport
By Christina Amann and Christoph Steitz BERLIN/FRANKFURT, Sept 18 (Reuters) – Volkswagen on Friday flagged €10 billion ($11.5 billion) in one-offs, mostly at struggling sports car brand Porsche, deepening a crisis at the world’s second-largest automaker that has already triggered the group’s biggest
By Pete Schroeder WASHINGTON, Sept 18 (Reuters) – A “culture of risk aversion” among examiners contributed to the collapse of Silicon Valley Bank rather than relaxed oversight, a top Federal Reserve official said on Friday in remarks flagging the initial findings of a review of the 2023 bank failure
FRANKFURT, Germany (AP) — The Kremlin has ordered the Russian businesses of Swiss-based food and beverage company Nestle and French retailer Auchan placed in temporary administration, procedure that previously has led to the forced sale of Western businesses to Russian owners at knockdown prices. Th
By Jan Strupczewski and Francesco Canepa DUBLIN/FRANKFURT, Sept 18 (Reuters) – European banks need greater scale and deeper capital markets if they are to compete with US rivals, senior European officials said on Friday, as the European Union looks to strengthen its position in an increasingly compe
NEW YORK (AP) — America: land of possibility. And also: land of suckers. Our enduring belief that anything is possible — whether based in reality or not — has helped the nation become the world’s largest economy. It has also led us to fall head over heels for hucksters and charlatans, again and agai
CHAMPAIGN, Ill. (AP) — Research scientist Ashish Rajurkar kneels in the dirt, lifting a large clod of soil tangled around a soybean plant. He knocks away pieces of earth from the plant’s roots, which slope straight down instead of out to the side like typical soybean plants. Researchers hope roots l
By Utkarsh Shetti Sept 18 (Reuters) – Warren Buffett, Berkshire Hathaway’s former CEO and legendary investor, is stepping down as its chairman, marking the end of his executive duties at the firm he helped build into one of the world’s largest conglomerates. Buffett, 96, will become chairman emeritu
