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