Business

April 10 – OpenAI announced on Friday that it has discovered a security concern related to a third-party developer tool known as Axios. The company said it is taking action to safeguard the process used to verify that its macOS applications are officially recognized as authentic OpenAI software. The creator of ChatGPT stated that there is no indication that user data was accessed, nor is there evidence that its systems or intellectual property were breached. The company also confirmed that its

Global oil prices moved higher amid mounting doubts about whether the fragile ceasefire between the United States and Iran will endure, following a new wave of Israeli airstrikes on Lebanon. The strikes prompted Tehran to caution that it would deliver a “regret‑inducing response” if the attacks persist. Meanwhile, US President Donald Trump stated that American forces would stay in the region until Iran adheres to what he described as the “real” ceasefire arrangement. Oil markets had dropped

Billionaire investor Bill Ackman’s hedge fund has made an offer to acquire Universal Music Group (UMG) in a transaction that values the world’s largest music company at approximately €55bn (£48bn). Pershing Square, the New York-based investment firm, has proposed a cash-and-stock takeover of the company, whose artists include global names such as Taylor Swift and Elton John. In a statement, Ackman said that under the leadership of British-born Sir Lucian Grainge, the company had done “an

Global oil prices surged and stock markets across Asia tumbled on Monday as the US-Israel conflict with Iran moved into its fifth week. Brent crude climbed more than 3%, rising above $115 (£86.77) per barrel, while US benchmark oil advanced nearly 2% to $101.62. The latest jump puts Brent on course for its largest monthly increase on record. Japan's Nikkei 225 dropped 2.8%, and South Korea’s Kospi ended the day down by almost 3%. The market turbulence followed weekend developments in which

Experts have warned that Britain could be only “a few weeks away” from shortages of medicines, from everyday pain relief to cancer therapies, if the war with Iran continues. They also caution that the price of many drugs may increase. The conflict has already disrupted supplies of essential raw materials such as oil, gas, fertilisers and helium, and the pharmaceutical sector could soon feel the impact. David Weeks, director of supply chain risk management at analytics firm Moody’s, described

A jury has concluded that Elon Musk made misleading public remarks during a pivotal stage of his 2022 acquisition of Twitter. Following two days of deliberations, jurors in federal court in San Francisco delivered a unanimous verdict against the technology entrepreneur. The case was brought by a group of Twitter investors who claimed they relied on Musk’s public statements when making decisions about buying and selling shares. While on the witness stand earlier this month, Musk maintained that

Stew, a 35-year-old from Montana, has spent the past year and a half casually placing sports bets since downloading the Kalshi app. A few weeks ago, however, after reading online chatter about increased late-night pizza deliveries to the Pentagon, he decided to try something different. He put $10 (£7.50) on a prediction that Iran’s Ayatollah Ali Khamenei would be “out” of power by 1 March. The wager pushed the boundaries of what Americans are legally permitted to bet on. Prediction markets —

WASHINGTON (AP) — After military action against Iran sent oil and gasoline prices sharply higher, President Donald Trump has shifted his messaging. Instead of emphasizing low energy costs, he is now portraying rising oil prices as beneficial for the United States. The reversal comes as his administration struggles to present a clear strategy for reopening the crucial Strait of Hormuz, where tankers carrying oil and natural gas have been stalled. At the same time, officials have taken a series

WASHINGTON (AP) — In a setback for the Trump administration, a federal judge in New York ruled Wednesday that businesses which paid tariffs invalidated last month by the Supreme Court are entitled to refunds. Judge Richard Eaton of the U.S. Court of International Trade stated that “all importers of record” should “benefit” from the Supreme Court’s decision striking down the broad, double-digit import duties President Donald Trump imposed last year under the 1977 International Emergency Economic

LONDON/ABU DHABI, Feb 28 – The United States and Israel carried out coordinated strikes on Iran on Saturday, aiming at senior leadership targets and triggering a fresh wave of conflict in the Middle East. President Donald Trump said the action was intended to eliminate a security threat and create an opening for Iranians to challenge their government. The developments unsettled neighboring oil-producing Gulf Arab states as concerns about a broader escalation mounted. Tehran responded swiftly,

Ocado has announced plans to eliminate 1,000 roles as the retail technology group seeks to save £150m through a sweeping restructuring effort. The company said around 5% of its global workforce will be impacted, with approximately two-thirds of the reductions taking place in the UK. Most of the affected positions will be cut from its UK operations, headquartered in Hatfield, Hertfordshire. Roughly half of the roles being eliminated are in technology, while the remainder are support positions.

NEW YORK (AP) — While death and taxes may be unavoidable parts of life, leaving your loved ones with a large financial burden doesn’t have to be. Affluent individuals have long used strategies to preserve wealth and pass it on to the next generation with minimal interference from taxes. However, the same tools and techniques can also benefit those with more modest savings who want to optimize what they leave behind. “It’s a carefully planned game, often played over many years,” explains Mark

Federal Reserve Chairman Jerome Powell revealed on Sunday that he is the subject of a criminal investigation launched by federal prosecutors. In a recorded statement, Powell explained that the U.S. Department of Justice had served subpoenas to the Federal Reserve and warned him of potential criminal charges related to his testimony before the Senate concerning renovations of Fed buildings. Powell described the investigation as extraordinary and suggested it stemmed from his refusal to lower

A senior Google executive claims she was dismissed after raising concerns about a colleague who discussed his swinger lifestyle with clients and shared an explicit photo of his wife. Victoria Woodall told an employment tribunal that she faced retaliation from the company after reporting a male manager’s conduct, who was later terminated following an internal inquiry. Documents presented in court and reviewed by the BBC reveal that Google's internal investigation found the manager had

NEW YORK (AP) — Key tax credits aimed at making health insurance more affordable for most participants in the Affordable Care Act expired as the new year began, resulting in increased healthcare costs for millions across the country. A 43-day government shutdown driven by Democrats highlighted the urgency of the issue. Meanwhile, some moderate Republicans pushed for a resolution with an eye on preserving support ahead of upcoming elections. Former President Donald Trump proposed a possible

Since taking office in January, President Donald Trump has dramatically shifted the United States’ approach to trade by imposing a broad set of tariffs, effectively surrounding the nation’s economy with hefty trade barriers. These import taxes, applied at double-digit rates to goods from nearly all countries, have disrupted global trade flows and brought financial pressure to both businesses and consumers worldwide. At the same time, they’ve funneled tens of billions of dollars into the U.S.

Dec 16 (Reuters) - Amazon.com Inc is currently in discussions to invest in OpenAI, the developer behind ChatGPT, in a potential agreement that could push the artificial intelligence company's value beyond $500 billion, according to a person with knowledge of the situation. Amazon's potential contribution could reach around $10 billion, although talks remain in early stages and may change, the source noted, speaking anonymously due to the confidential nature of the discussions. This

PARIS, Nov 27 (Reuters) – After eight weeks in court, the trial surrounding the 2009 crash of an Air France jet that claimed the lives of all 228 on board entered its final phase on Thursday, with Air France and Airbus defending themselves against charges of involuntary manslaughter. On Wednesday, the prosecution appealed to the Paris Appeals Court to overturn a previous ruling that had cleared both companies of responsibility for the crash. The Airbus A330 had plummeted into the Atlantic Ocean

WASHINGTON (AP) — For many years, U.S. officials have cautioned against relying on loans from China’s state-run banks, which have played a central role in Beijing’s transformation into a global power. Yet a recent study has surfaced a surprising reality: the United States has received more funding from these institutions than any other nation. The full impact of this financial relationship on security and technology still remains unclear. According to AidData, a research center at the College