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Wed, Feb 04, 2026 05:02 AM All times are UTC

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UK businesses face a big tax hike. So what does it mean for workers and the economy?

Mar 22, 2025 05:33 am UTC| Insights & Views Business Law

Employers in the UK are about to be hit with a hefty tax rise. From April 1 2025, their national insurance contributions are rising to 15% on salaries above 5,000, instead of 13.8% on salaries above 9,100. Unsurprisingly,...

Citgo Auction Heats Up as Court Backs $3.7B Bid from Contrarian Funds Affiliate

Mar 22, 2025 04:51 am UTC| Business Politics Law

A U.S. court officer has recommended a $3.7 billion bid from Red Tree Investments, an affiliate of Contrarian Funds, to serve as the starting bid in the high-stakes auction of PDV Holdingparent company of Citgo Petroleum....

Trump Admin Sued Over Voice of America Shutdown, Free Speech Concerns Raised

Mar 22, 2025 04:51 am UTC| Politics Law

Voice of America (VOA) journalists and their unions have filed a lawsuit against the Trump administration, alleging a violation of First Amendment rights after the abrupt shutdown of U.S.-funded global media outlets. Filed...

Trump Pressures Supreme Court to End Nationwide Injunctions Amid Legal Battles

Mar 21, 2025 09:19 am UTC| Politics Law

President Donald Trump is urging the U.S. Supreme Court to end the practice of nationwide injunctions, intensifying tensions between the executive branch and the judiciary. In a recent social media post, Trump wrote, STOP...

Elon Musk Served Summons Over SEC Lawsuit on Twitter Stock Disclosure

Mar 21, 2025 09:19 am UTC| Law Business

Elon Musk, the worlds richest man and CEO of SpaceX, has been served a summons related to a Securities and Exchange Commission (SEC) lawsuit, according to a court filing on Thursday. The summons was delivered on March 14...

Paul Weiss Client Drops Firm Amid Trump’s Executive Order Crackdown

Mar 20, 2025 05:10 am UTC| Politics Law

A client of Paul Weiss has dismissed the law firm from a criminal case in New Jersey, citing U.S. President Donald Trumps executive order targeting the firms political ties and diversity policies. Steven Schwartz, former...

Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey

Mar 20, 2025 05:10 am UTC| Law Politics Governance Life

A U.S. judge ruled that Columbia University student Mahmoud Khalil must stay in the U.S. while his case moves to a New Jersey court. Khalil, a vocal pro-Palestinian activist, was arrested by ICE agents on March 8 outside...

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Economy

Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding

New York and New Jersey have filed an emergency lawsuit against the Trump administration, seeking to restore federal funding for the $16 billion Hudson River tunnel project, a critical piece of U.S. transportation...

Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound

Asian stocks traded on shaky ground on Wednesday as global markets digested sharp losses in U.S. and European equities, driven by growing fears that rapid advances in artificial intelligence could disrupt traditional...

Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade

President Donald Trump has signed legislation extending the African Growth and Opportunity Act (AGOA), a key U.S.-Africa trade program, through December 31, 2026. The extension is retroactive from September 30, 2025,...

Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile

An Australian scandium mining project backed by billionaire mining executive Richard Friedland is expected to play a role in the United States newly announced $12 billion critical minerals stockpile, according to comments...

Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates

Japans services sector showed strong momentum at the start of the year, expanding at its fastest pace in nearly 12 months, while overall private sector activity recorded its quickest growth in almost three years. According...

Politics

Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure

Federal Reserve Governor Stephen Miran has formally resigned from his role as chair of the White House Council of Economic Advisers (CEA), fulfilling a commitment he made to the U.S. Senate as his tenure at the Federal...

U.S. Condemns South Africa’s Expulsion of Israeli Diplomat Amid Rising Diplomatic Tensions

The United States has sharply criticized South Africas recent decision to expel Israels top diplomat, calling the move politically motivated and harmful to diplomatic norms. The condemnation was delivered on Tuesday by...

Russia Prepares for Post–New START Era as U.S.-Russia Nuclear Arms Control Nears Collapse

Russia has declared it is prepared for a new global security reality in which there are no U.S.-Russian nuclear arms control limits, as the New START treaty is set to expire this week. The landmark agreement, signed in...

Trump Plans Call With Savannah Guthrie After Mother’s Disappearance, Federal Support Considered

U.S. President Donald Trump said Tuesday that he plans to personally reach out to NBC News anchor Savannah Guthrie following the disappearance of her 84-year-old mother, Nancy Guthrie, a case that authorities now believe...

UK and US Reaffirm Strategic Importance of Diego Garcia Base Amid Chagos Sovereignty Dispute

British Prime Minister Keir Starmer and U.S. President Donald Trump have reaffirmed the strategic importance of the U.S.-UK military air base on Diego Garcia in the Chagos Archipelago, committing to close cooperation to...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies

Nvidia is reportedly nearing a major investment deal with OpenAI, signaling a significant development in the global artificial intelligence landscape. According to sources cited by Reuters, the chipmaking giant is in...

Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate

Artificial intelligence startup Anthropic is reportedly preparing a major secondary share sale that would allow some employees to sell shares at a valuation of at least $350 billion, according to a recent Bloomberg report....

AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock

Advanced Micro Devices (AMD) delivered a solid quarterly earnings beat, topping Wall Street expectations on both revenue and profit, yet its stock slipped in extended trading after the company projected a sequential...

Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns

Nintendo shares fell sharply on Wednesday after the Japanese gaming giant reported weaker-than-expected fiscal third-quarter results, intensifying investor concerns over profitability and margins tied to its highly...

Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence

Elon Musk announced on Monday that SpaceX has acquired his artificial intelligence startup xAI in a landmark deal that brings together his ambitions in space exploration and advanced AI technology. The acquisition combines...