Over 40% of agentic AI projects expected to be canceled by 2027, report says
A new report by Gartner finds that many current agentic AI projects are driven more by market excitement than practical use
OpenAI CEO says partnership with Microsoft has points of tension
Sam Altman says he spoke with Microsoft CEO Satya Nadella to discuss how the two companies will work together in the future
Australian core inflation drops to lowest since 2021
Trimmed mean inflation is at 2.4%, headline inflation eases to 2.1%, and services inflation slows to 3.3%
21 convicted in one of biggest residency visa fraud cases in Dubai, fined Dh25.21 million
Dubai Citizenship and Residency Court found culprits guilty of using 33 fake companies to illegally recruit workers on residence visas
Amazon ranks last again in UK grocery code compliance
Amazon, which sells groceries through its website and Amazon Fresh stores, has been subject to the Code since 2022
U.S. foreign direct investment falls to $52.8 billion in first quarter amid tariff uncertainty
The fall in investment contributes to a widening of U.S. current account deficit, which rises to a record $450.2 billion in the first quarter
Oil prices rise as investors assess Iran-Israel ceasefire
Brent crude futures rise 1.3% to $67.99, US West Texas Intermediate crude gains 1.4% to $65.24 a barrelÂ
Asia stocks edge up, dollar droops as Middle East ceasefire buoys confidence
Regional stocks flat after relief rally on Wall Street overnight; Ceasefire fragile with Israel vowing response to Iran missiles
China auto industry inflates sales by exporting new cars as ‘used’
The practice only gain national attention after Chinese automaker Great Wall Motor criticized the sale of zero-mileage used cars within China in May
Trump says China can keep buying oil from Iran
China remains the largest buyer of Iranian oil and rejects what it calls Washington’s use of unilateral sanctions
France orders Tesla to stop deceptive business practices
French investigators cite issues with sales contracts missing key delivery information and delays in processing customer refunds
U.S. consumer confidence dips as job market fears and tariff anxiety weigh on sentiment
Confidence index falls to 93.0 amid growing concern over employment prospects, inflation, and uncertain economic outlook
Uber and Waymo launch autonomous ride service in Atlanta
The launch covers a 65-square-mile area of Atlanta and adds to growing efforts to bring self-driving vehicles to more cities
UK pledges Cold War-era defence spending as Starmer warns of wartime threats
New security strategy targets 5% of GDP for defence by 2035; citizens to undergo national resilience drills amid rising global tensions
Trump allows China to resume Iranian oil imports after U.S. strikes, urges purchases from U.S. too
Following U.S. bombing of Iranian nuclear sites and brokered ceasefire, Trump signals easing of oil sanctions for China