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Sen. Mike Rounds, a South Dakota Republican on the Senate Banking Committee, said he liked the “tone” Federal Reserve Chair Kevin Warsh struck during Warsh’s first appearance before the panel, after a hearing that featured sharp exchanges over inflation, artificial intelligence and Warsh’s contacts with President Donald Trump. Warsh’s testimony marked his congressional debut as…
Thousands of Ukrainians rallied in public demonstrations after President Volodymyr Zelenskyy dismissed the country’s defense minister, a move that prompted rare street protests during the war and sharpened political tensions in Kyiv. Crowds gathered in the capital and other locations as opposition to the shake-up spread beyond online criticism and into the streets. Protesters criticized…
Apple’s Apple Intelligence has been approved to launch in China, with Alibaba and Baidu serving as local partners, according to recent reports. The approval clears a key hurdle for Apple to bring its AI features to iPhone users in one of its most important markets. The service has been registered with China’s cyberspace regulator, Reuters…
The United States carried out new strikes on Iran and hit an oil tanker, as Tehran launched attacks on targets in Kuwait and Jordan, according to multiple published reports. The latest round of military action marks a sharp escalation in a widening regional confrontation involving U.S. forces, Iran, and Gulf-area sites. Reports said the U.S….
Russia struck Kyiv with ballistic missiles, killing two people and injuring six, as air raid alerts echoed across the Ukrainian capital and residents reported explosions during the attack. The strike hit Kyiv amid a turbulent moment in Ukrainian politics, with Ukrainians reacting angrily to President Volodymyr Zelensky’s decision to oust Fedorov, a move that prompted…
OpenAI is disputing Apple’s claims in a trade-secret lawsuit, telling a court that Apple has not backed up allegations that the ChatGPT maker misappropriated confidential information. The dispute stems from a lawsuit filed by Apple that also names former employees, accusing them of taking Apple trade secrets tied to AI hardware and related work and…
Taiwan Semiconductor Manufacturing Co. said it will invest an additional $100 billion in Arizona after reporting a 77% surge in second-quarter profit, a major expansion of its U.S. spending plans tied to its leading role in advanced chip production. The company’s announcement links a sharp profit jump to a stepped-up investment commitment in Arizona, where…
A deadly fire at a bar in Bangkok has killed at least 30 people, prompting a widening investigation and renewed calls for tougher enforcement of safety rules in a city that has faced repeated fatal blazes. The fire broke out at a pub in Bangkok, where officials have reported that many victims were trapped as…
Asian stock markets fell in broad trading, pressured by declines in chip-related shares, while bond markets found support as investors responded to signs of cooler inflation. The retreat in equities was most evident across Asia, where technology and semiconductor-linked stocks weighed on major indexes. The move left regional shares lower even as interest-rate sensitive assets…
United Airlines said it anticipates about $6 billion in added fuel costs this year, a significant expense increase that the carrier flagged alongside its latest financial update. The Chicago-based airline disclosed the outlook as it reported second-quarter results that topped Wall Street expectations and updated its guidance for 2026. United also raised its full-year 2026…
The New York Times has filed a motion to quash subpoenas served on three of its journalists in connection with their coverage involving Air Force One, according to recent reports. The filing challenges subpoenas that seek to compel the journalists to provide information tied to their reporting. The motion was filed by The Times, and…
Alibaba and Baidu shares rose in Hong Kong trading after reports tied the Chinese tech companies to Apple’s artificial intelligence rollout in China and after headlines said Apple Intelligence has received regulatory clearance for use on iPhones in the country. In Hong Kong, Alibaba and Baidu were in focus as investors reacted to news coverage…