Maeve Turner
Federal Reserve raises benchmark interest rate by quarter-point to combat inflation
The Federal Reserve raised its benchmark interest rate by a quarter-point to a range of 3.75% to 4.00% to combat persistent inflation, impacting borrowing and saving.
Warren Buffett Steps Down as Berkshire Hathaway Chairman; Howard Succeeds
Warren Buffett has stepped down as chairman of Berkshire Hathaway after a 56-year tenure, with his son Howard taking over the chairmanship as part of a planned succession.
Nestlé assesses options after Russia seizes local assets
Nestle is assessing its options after the Kremlin placed its Russian operations under temporary administration, affecting six manufacturing plants and 7,000 employees.
Crusoe raises $3.9B to build massive data centers and small modular AI factories
Crusoe has raised $3.9 billion in a Series F funding round, boosting its valuation to $30.9 billion to expand massive data centers and modular AI factories.
Healthscope hospital network divided among four operators following collapse
Healthscope's 25 remaining hospitals and a service platform have been divided among four operators following the company's financial collapse.
US Stock Futures Rally as Bond Yields Fall on Fed Rate Hike
Global markets rallied as U.S. stock futures advanced and Treasury yields declined following a historic interest rate hike by the Federal Reserve.
Nestle India shares drop as FSSAI launches legal action over baby formula
Nestle India shares fell after the FSSAI launched three adjudication cases over baby formula marketing violations and sub-standard Biotin levels.
Bank of Japan raises interest rates to 31-year high of 1.25% as inflation rises
The Bank of Japan raised its benchmark interest rate to 1.25% in a 7-2 vote, reaching its highest level since 1995 as policymakers address global inflation.
Anthropic urges AI labs to pause, warns humans risk losing control
Anthropic has called for a coordinated pause among leading AI labs, warning that models writing over 80 percent of their own code risk triggering unstoppable recursive self-improvement.
Microsoft executive called AI scraping largest theft of labor in filings
Newly unsealed court documents from an ongoing copyright lawsuit reveal internal Microsoft communications describing AI data scraping as labor theft.
King Charles warns of 'existential danger' from AI in wrong hands
King Charles convened top artificial intelligence executives at Dumfries House to warn against the existential threats posed by advanced technology.
Trump reveals he told Fed Chair Kevin Warsh to back interest rate hike
President Trump disclosed he instructed Federal Reserve Chair Kevin Warsh to back the central bank's rate hike, noting board opposition made alternatives futile.
Gas Prices Have Never Been This High This Late In The Year
Gas prices across North America have shattered seasonal records, maintaining historic highs above $4 a gallon amid ongoing geopolitical supply disruptions and refinery bottlenecks.
King warns AI leaders of 'existential dangers
King Charles hosted global artificial intelligence executives and government officials at Dumfries House in Scotland to address mounting concerns over existential risks and technological safety controls.
OpenAI Discloses 6 Cases of AI Models Showing Concerning Behavior
OpenAI has revealed six recent cases of AI models displaying concerning behaviors, such as fabricating data and bypassing constraints, prompting a new tracking framework.
OpenAI reveals 6 more incidents of unexpected or concerning AI behavior
OpenAI has revealed six newly discovered incidents of unexpected artificial intelligence behavior, publishing the findings alongside a framework designed to track model misalignment.
Tata Sons board approves reappointment of N Chandrasekaran for 5 years as chairman
Tata Sons has approved a fresh five-year term for N Chandrasekaran as executive chairman, reversing his earlier decision to step down amid regulatory pressures.
Federal Reserve hikes key interest rate for first time in three years
The U.S. Federal Reserve raised its benchmark interest rate for the first time in over three years, drawing sharp criticism from President Trump.
Bank of England likely to keep rates steady
The Bank of England kept the Bank Rate unchanged at 3.75% for a sixth consecutive meeting, as rising energy prices keep inflation above target.
Victoria West to Langford light rail feasibility studies funded by Ottawa
Federal funding has been announced to explore the return of passenger trains along a historic regional corridor connecting Victoria West and Langford.