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Business

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StanChart plans 7,000 job cuts, cites AI and automation drive
StanChart plans 7,000 job cuts, cites AI and automation drive

HONG KONG: Standard Chartered said on May 19 that it will eliminate more than 7,000 jobs over the next four years as the bank increases...

Musk loses court fight with OpenAI as scrutiny of Altman grows
Musk loses court fight with OpenAI as scrutiny of Altman grows

OAKLAND, California: OpenAI has emerged victorious in its closely watched courtroom battle with Elon Musk, preserving its path toward...

Nasdaq Composite slides 220 points as U.S. stocks shed ground
Nasdaq Composite slides 220 points as U.S. stocks shed ground

NEW YORK, New York - U.S. and global stock markets closed with a broad selloff on Tuesday, driven by heavy losses in technology shares...

NextEra-Dominion merger targets soaring AI-driven power demand
NextEra-Dominion merger targets soaring AI-driven power demand

NEW YORK CITY, New York: NextEra Energy has agreed to acquire Dominion Energy in an all-stock deal valued at about US$66.8 billion,...

Tesla increases U.S. prices for several Model Y variants
Tesla increases U.S. prices for several Model Y variants

AUSTIN, Texas: Tesla has increased the prices of several Model Y vehicles in the United States, marking the first price hike for the...

SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing
SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing

NEW YORK CITY, New York: SpaceX is preparing to go public as early as June 12 on the Nasdaq, according to people familiar with the...

World

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Former Cuban President Castro indicted in US
Former Cuban President Castro indicted in US

The indictment marks a dramatic escalation in Washingtons pressure campaign against Havana Former Cuban President Raul Castro has...

CHINA-BEIJING-RUSSIA-PUTIN-DEPARTURE (CN)
CHINA-BEIJING-RUSSIA-PUTIN-DEPARTURE (CN)

(260520) -- BEIJING, May 20, 2026 (Xinhua) -- Russian President Vladimir Putin leaves Beijing on May 20, 2026, concluding his state...

Theres a burning sea in the midst of NATO
Theres a burning sea in the midst of NATO

As Athens and Ankara clash over maritime claims, old island disputes and new maps risk turning the Aegean into a flashpoint inside...

Trump-backed challenger defeats Thomas Massie in Kentucky
Trump-backed challenger defeats Thomas Massie in Kentucky

The US president and the Israel lobby intervened heavily in the battle to oust Massie Trump-endorsed Republican candidate Ed Gallrein...

Afghan Migrants In Iran Face Growing Hardship Amid War Fallout
Afghan Migrants In Iran Face Growing Hardship Amid War Fallout

Every morning, Faisal stands along a road on the outskirts of the Iranian capital, Tehran, waiting for a day job. The 27-year-old...

CHINA-BEIJING-XI JINPING-RUSSIA-PUTIN-TEA CHAT (CN)
CHINA-BEIJING-XI JINPING-RUSSIA-PUTIN-TEA CHAT (CN)

(260520) -- BEIJING, May 20, 2026 (Xinhua) -- Chinese President Xi Jinping and Russian President Vladimir Putin have a tea chat at...