Business
British Airways flight drops 27,000 feet, returns safely to Heathrow
A British Airways flight bound for Chicago returned to London Heathrow after experiencing a sudden pressurization issue that prompted an emergency descent.
British Airways BA295 live: Heathrow flight plunges 28,000ft as oxygen masks drop
British Airways Flight BA295 suffered a 28,000-foot descent over Ireland due to a technical issue, forcing the Boeing 777 to return safely to Heathrow.
OpenAI Chief Sam Altman Says World Must Accept AI Risks For Benefits
OpenAI CEO Sam Altman has defended a lighter regulatory framework for artificial intelligence, arguing that society must tolerate everyday harms to preserve public access to the technology's benefits.
Schneider Electric Nears $20 Billion Takeover of Software Firm PTC
Schneider Electric is acquiring industrial software maker PTC in a $22.6 billion all-cash transaction, marking the largest deal in the company's history.
Sam Altman says world must accept some harm from AI development
OpenAI chief executive Sam Altman argues that society must accept some level of technological harm as the necessary cost of widespread AI access, creating a sharp philosophical divide with rival lab Anthropic.
Sensex, Nifty off early highs; ITC rises over 3%, HCLTech worst hit
Indian benchmark indices pared their early-session advances, with ITC leading gains while HCL Technology faced the steepest losses.
Oil slips as Middle East crude exports rise, G7 to release stocks
Oil prices dipped as Middle Eastern crude exports rebounded toward pre-war volumes and the G7 prepared to release emergency reserves.
Saudi Aramco cuts Arab Light price to Asia by $3, widest discount since 2020
Saudi Aramco has sharply reduced its official selling prices for Asian buyers, widening discounts to their deepest levels in over six years and signalling an aggressive push to protect market share.
Oil prices stay near $100 per barrel amid depleted global reserves and shipping risks
International oil prices remain stuck near $100 per barrel despite emergency stock releases, driven by depleted global reserves and severe logistical bottlenecks in the Strait of Hormuz.
Indian car dealership inventories shrink amid festive surge and supply strains
Indian car dealerships are grappling with soaring vehicle inventory values and working capital stress as a festive season surge collides with persistent manufacturing backlogs.
Jim Chalmers flags savings package and downplays cost-of-living relief
Treasurer Jim Chalmers confirmed a budget savings package will be delivered in mid-December while downplaying prospects for additional cost-of-living relief, following an RBA rate hike to 4.60 per cent.
US employers add just 29,000 jobs in September as labor market softens
U.S. employers added a modest 29,000 positions in September as the national unemployment rate ticked up to 4.2%, signaling a softening labor market.
OpenAI safety employee resigns, claiming the company’s culture is broken
OpenAI safety leader David Robinson has resigned, publishing an essay that claims the company prioritizes deployment speed over caution.
A $28B hemp THC industry is fighting to save itself from a looming federal ban
America's $28 billion intoxicating hemp sector is racing against a December 11 federal deadline to prevent total nationwide eradication after lawmakers moved to close a farm bill loophole.
Energy UK urges government action as households face soaring winter energy bills
Energy UK is calling for immediate government action as escalating Middle East conflicts drive wholesale fuel prices to punishing levels this winter.
London prime property prices slide as wealthy sellers slash millions off homes
London's prime property market is experiencing a notable downturn, with luxury homeowners slashing millions off asking prices amid economic headwinds and tax changes.
FDA detects Cyclospora at Mexican farm linked to lettuce outbreak
Federal regulators have concluded their investigation into a historic Cyclospora outbreak by detecting the parasite at a Mexican farm and processing facility tied to tainted lettuce.
Trump Meme Coin Firm Plans Exclusive Presidential Dinner After $3.2B Crash
The firm managing the TRUMP meme coin has launched a competition offering gala seats to top investors, drawing ethics criticism amid severe market losses.
G7 releases 100m barrels of oil, front‑loaded diesel to curb price spikes
The G7 has agreed to release up to 100 million barrels of crude oil and diesel from strategic reserves, front-loading supplies to combat soaring fuel prices.
G7 leaders release up to 100m barrels of diesel and crude reserves
The G7 announced it will release up to 100 million barrels of diesel and crude oil over four months to combat soaring global fuel prices.