Business
Ottawa fast-tracks CRA tax rulings for billion-dollar investments
The federal government is prioritizing Canada Revenue Agency tax rulings for major investments of $1 billion or more to eliminate regulatory friction and attract foreign capital.
Apple Defends iPhone Repair Terms in India Amid iOS 18 Complaints
India's consumer protection regulator is investigating Apple over software warranty practices after iOS 18 updates allegedly caused hardware damage and steep repair bills.
Gold Falls Below $4,300 as Dollar and Treasury Yields Rise
Precious metals faced downward pressure as spot bullion slipped beneath $4,300 amid a strengthening US dollar and rising Treasury yields.
UK bond yields hit 2007 high as Middle East conflict drives oil above $107
UK borrowing costs have climbed to their highest level in nearly two decades as escalating Middle East tensions drive up Brent crude prices and spark a global sovereign debt sell-off.
Ex-Google DeepMind researcher adds to warnings that AI could 'kill all humans
Former Google DeepMind researcher Bilal Chughtai has stepped down to warn that rapid capability gains in artificial intelligence could lead to human extinction.
DWP confirms when claimant bank accounts will be checked in fraud crackdown
The DWP has confirmed a sweeping welfare fraud overhaul that will see banks examine millions of accounts starting in April 2026.
US Stock Futures Fall Ahead of Federal Reserve Rate Decision
US stock futures declined sharply as markets contended with soaring Treasury yields, surging oil prices, and mounting tech sector headwinds ahead of a Federal Reserve rate decision.
McDonald's raises McSmart Meal price to $7.95 amid inflation
McDonald's has lifted the price of its McSmart Meal to $7.95 following a year-long price freeze, reflecting broader inflationary pressures across Australia's retail and hospitality sectors.
Jack Clark calls for mandatory AI kill switches
Anthropic co-founder Jack Clark has called for laws requiring third-party-verifiable AI kill switches amid growing debates over safety risks.
US Senate Republicans release revised Clarity Act ahead of crucial crypto vote
Senate Republicans have unveiled a heavily revised draft of the Clarity Act, featuring stricter ethics rules and Trump's backing ahead of a high-stakes cloture vote.
US stocks dip as Anthropic AI slowdown warning spooks traders
US equity markets opened lower as tech stocks retreated following a warning from Anthropic's CEO over AI development pace, alongside surging oil prices and rising Treasury yields.
Oil prices soar over 4% to 16-week high after Saudi strikes
Crude oil prices surged over 4% to reach a 16-week high following military strikes on Saudi energy infrastructure and escalating vessel attacks in the Middle East.
Global tech stocks fall after AI industry leaders call for development slowdown
Global tech stocks experienced a sharp downturn on Monday after leading figures in the artificial intelligence sector urged the industry to decelerate development.
Trump calls for a Bombardier plane ban, drawing pushback from a GOP senator
President Donald Trump's demand to bar Bombardier aircraft sales in the U.S. has triggered an immediate backlash from Republican lawmakers and warnings of severe supply chain disruption.
Amazon suspends cargo carrier 21 Air following fatal Miami runway crash
Amazon has paused operations with cargo carrier 21 Air following a fatal runway overshoot that killed five people in a cleaning van.
Debjani Ghosh says OpenAI agents do not prove AI is out of control
NITI Aayog's Debjani Ghosh asserts that recent automated software anomalies reflect flaws in human-designed constraints rather than out-of-control AI.
Trump downplays need to check AI development to avoid ceding edge to China
President Donald Trump dismissed calls from tech executives to slow advanced AI development, arguing the U.S. must maintain its edge over China. Global markets tumbled following the debate.
Revolut Data Breach Exposes Customer Passports and Transaction Histories
Fintech giant Revolut disclosed a data breach after fulfilling a fraudulent government information request, exposing sensitive customer records.
Nigerian stock market gains N60.52tr in five months to beat 2025 returns
Investors in the Nigerian stock market realized stronger returns in the first five months of the year than across the entirety of the previous year, driven by favorable macroeconomic conditions and strong corporate performance.
Singapore Exchange Seeks US Approval to Offer Crypto Perpetual Futures
Singapore Exchange Ltd. has filed with the CFTC to offer cryptocurrency perpetual futures to institutional investors, featuring fiat collateral and margin rules.