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Category: Business

UN food agency warns that the new US sea route for Gaza aid may fail unless conditions improve

UN food agency warns that the new US sea route for Gaza aid may fail unless conditions improve

The U.N. World Food Program said Tuesday the new U.S. $320 million pier project for delivering aid to Gaza may fail unless Israel starts providing the conditions the humanitarian groups need to operate safely, after a chaotic launch ended with much of the aid looted and one Palestinian man dead.

US inflation eased last month in the first slowdown of 2024

US inflation eased last month in the first slowdown of 2024

Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team.

Senators urge $32 billion in emergency spending on AI after finishing yearlong review

Senators urge $32 billion in emergency spending on AI after finishing yearlong review

A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and place safeguards around it, writing in a new report released Wednesday that the U.S. needs to “harness the opportunities and address the risks” of the quickly developing technology.

Slovakian prime minister in life-threatening condition after being shot, his Facebook profile says

Slovakian prime minister in life-threatening condition after being shot, his Facebook profile says

Slovakian Prime Minister Robert Fico is in life-threatening condition after being wounded in a shooting after a political event Wednesday afternoon, according to his Facebook profile.

More than 2,100 people have been arrested during pro-Palestinian protests on US college campuses

More than 2,100 people have been arrested during pro-Palestinian protests on US college campuses

Police have arrested more than 2,100 people during pro-Palestinian protests at college campuses across the United States in recent weeks, sometimes using riot gear, tactical vehicles and flash-bang devices to clear tent encampments and occupied buildings. One officer accidentally discharged his gun inside a Columbia University administration building while clearing out protesters camped inside, authorities disclosed Thursday.

Consumer groups push Congress to uphold automatic refunds for airline passengers

Consumer groups push Congress to uphold automatic refunds for airline passengers

Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours.

North Carolina congressional candidate suspends campaign days before primary runoff

North Carolina congressional candidate suspends campaign days before primary runoff

A candidate seeking the Republican nomination for a North Carolina congressional seat announced Thursday that she’s suspending her campaign, citing her rival’s endorsement by former President Donald Trump in their upcoming runoff.

AP Decision Notes: What to expect in New York’s special congressional election

AP Decision Notes: What to expect in New York’s special congressional election

House Republicans’ majority could tighten by another vote after Tuesday’s special congressional election in Buffalo — at least, temporarily.

Trump says he’ll use National Guard to deport migrants, doubling down on anti-immigration rhetoric

Trump says he’ll use National Guard to deport migrants, doubling down on anti-immigration rhetoric

Donald Trump says he’d use the National Guard as part of efforts to deport millions of migrants across the country if he’s reelected, signaling that he’s doubling down on anti-immigration rhetoric that fueled his previous rise to power.

Wealth disparities by race grew during the pandemic, despite income gains, report shows

Wealth disparities by race grew during the pandemic, despite income gains, report shows

A strong performance in financial markets, particularly an outsize gain for the stock market in 2021, helped entrench existing trends of wealth inequality during the pandemic, new data released this week show.

China’s plans for 2024 prioritize technology, offer scant comfort for businesses and investors

China’s plans for 2024 prioritize technology, offer scant comfort for businesses and investors

China’s blueprint for its economy in 2024 is replete with goals and promises, but it’s also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for.

OpenAI has ‘full confidence’ in CEO Sam Altman after investigation, reinstates him to board

OpenAI has ‘full confidence’ in CEO Sam Altman after investigation, reinstates him to board

OpenAI is reinstating CEO Sam Altman to its board of directors and said it has “full confidence” in his leadership after the conclusion of an outside investigation into the company’s turmoil.

Bahamas Researches the Capabilities of Space Tourism

Bahamas Researches the Capabilities of Space Tourism

NASSAU, Bahamas, CMC – The Bahamas government on Tuesday said it had successfully negotiated and executed a Letter of Agreement (LOA) with Space Exploration Technologies Corporation ( SpaceX) “marking a revolutionary leap for The Bahamas into the realm of space tourism”.

Lockbit cybercrime gang faces global takedown with indictments and arrests

Lockbit cybercrime gang faces global takedown with indictments and arrests

An international law enforcement operation led by Britain’s National Crime Agency and the FBI has arrested and indicted members of the Lockbit ransomware gang, in an unprecedented police operation that has struck one of the world’s most notorious cybercrime gangs.

FuboTV files antitrust lawsuit to block Disney, Fox, Warner sports streaming deal

FuboTV files antitrust lawsuit to block Disney, Fox, Warner sports streaming deal

Sports-focused streaming service FuboTV (FUBO.N), opens new tab has filed an antitrust lawsuit against Walt Disney (DIS.N), opens new tab, Fox (FOXA.O), opens new tab and Warner Bros Discovery (WBD.O), opens new tab over a planned sports streaming platform by the companies, Fubo said on Tuesday.

US judge set to decertify Google Play class action

US judge set to decertify Google Play class action

A US judge plans to free Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrust law by overcharging them in its Google Play app store.

Micron invests another $600 million in China despite partial sales ban

Micron invests another $600 million in China despite partial sales ban

Micron said Friday it was committed to China and would invest 4.3 billion yuan ($603 million) over the next few years in its chip packaging facility in the city of Xian.

Why is inflation cooling — and why isn’t it coming down more

Why is inflation cooling — and why isn’t it coming down more

Ahead of May’s closely watched Consumer Price Index, set to be released Tuesday morning, economists are expecting yet another month of smaller price increases.

OpenAI CEO calls for global cooperation to regulate AI

OpenAI CEO calls for global cooperation to regulate AI

Sam Altman, the CEO of ChatGPT maker OpenAI, used a high-profile trip to South Korea on Friday to call for coordinated international regulation of generative artificial intelligence, the technology that underpins his famous chatbot.

Americans’ wealth rises by $3 trillion but remains below early 2022 peak

Americans’ wealth rises by $3 trillion but remains below early 2022 peak

Elevated by a strong stock market, Americans’ household wealth rose to nearly $149 trillion in the first quarter of 2023, new federal data shows. But that’s still several trillion dollars shy of its recent peak.

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