Musk to proceed with lawsuit against OpenAI despite governance changes

OpenAI announces a new governance structure where its non-profit parent oversees the for-profit business and becomes a major shareholder

IBM plans to expand AI sales with new tools for managing AI agents

IBM’s new AI tools allow customers to build custom agents in under five minutes

Shein, Temu ramp up advertising in UK and France as US tariffs hit

Shein increases spending by 35% in France and the UK, while Temu sees a 40% and 20% month-over-month rise, respectively

Apple appeals U.S. ruling to open App Store to more competition

The appeal seeks to overturn an April 30 ruling that found Apple in contempt of a 2020 antitrust lawsuit by Epic Games

Waymo teams with Magna to build autonomous vehicles in new Arizona factory

Waymo announces plans to produce autonomous Jaguar I-PACE and Zeekr vehicles as early as this year

IMF urges China to shift from export-led growth model

Georgieva says China must address four challenges: shifting to consumption-driven growth, fixing property sector, promoting services, and reducing state's role

Apple raises $4.5 billion in bond sale to finance debt repayment

The offering includes $1.5 billion in three-year notes and $1 billion each in five, seven and 10-year maturities

OpenAI revises governance structure to retain nonprofit control

Company will work with stakeholders, including Microsoft and nonprofit commissioners, to finalize the governance, says Altman

Gulf markets mostly retreat as oil prices slide and trade tensions loom

Regional indices fall as OPEC+ supply plans pressure oil prices; Dubai gains on banking strength, while Egypt’s market slips despite corporate earnings.

TotalEnergies files for environmental approval on $16 billion green hydrogen and ammonia venture in Chile

TotalEnergies' $16 billion TEC H2 MAG project aims to position Chile as a global leader in green hydrogen, with full operations expected by 2030.

UAE mandates work permits for foreign hires in renewed labour market directive

New compliance measures aim to regulate private sector hiring and reduce illegal employment practices

US seeks to weaken global development finance efforts, UN document shows

Trump administration opposes draft reforms aimed at helping developing countries on taxes, credit ratings, and fossil fuel subsidies

EU’s Ribera says Microsoft has pledged to follow European regulations

Complying with the rules is more valuable than claiming unfair treatment due to Microsoft's U.S. origin, says EU Competition Commissioner

Warren Buffett’s departure as CEO triggers 2% drop in Berkshire Hathaway shares

Shares of the company fall to $528.80, putting them on track to lose billions of dollars in market value

Trump says China wants trade deal, but it must be fair

Trump confirms no plans to speak with Xi this week, but U.S. officials hold talks with China on various issues