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Business

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AI saves $500 million for Microsoft as layoffs reshape strategy
AI saves $500 million for Microsoft as layoffs reshape strategy

REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...

FTC’s rule to ease subscription cancellations struck down by court
FTC’s rule to ease subscription cancellations struck down by court

WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes
Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs
Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets
Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035
PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

California

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U.S. Treasury Secretary says Musk should steer clear of politics
U.S. Treasury Secretary says Musk should steer clear of politics

WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...

TikTok building U.S.-only app amid pressure to finalise sale
TikTok building U.S.-only app amid pressure to finalise sale

CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...

MLB roundup: Yanks bomb Cubs on Cody Bellinger's 3 HRs
MLB roundup: Yanks bomb Cubs on Cody Bellinger's 3 HRs

(Photo credit: Wendell Cruz-Imagn Images) Cody Bellinger hit three homers for the first time in his career and drove in six runs,...

Willy Adames, Giants hand Dodgers 7th straight setback
Willy Adames, Giants hand Dodgers 7th straight setback

(Photo credit: Neville E. Guard-Imagn Images) Willy Adames drove in three runs with a triple and a home run, Dominic Smith added...

Angels, Travis d'Arnaud walk off Diamondbacks
Angels, Travis d'Arnaud walk off Diamondbacks

(Photo credit: Kirby Lee-Imagn Images) Pinch-hitter Travis d'Arnaud singled in Logan O'Hoppe from second with one out in the bottom...

Pat Cummins to miss South Africa white-ball series, focuses on Ashes preparation
Pat Cummins to miss South Africa white-ball series, focuses on Ashes preparation

Kingston [Jamaica], July 12 (ANI): Australia's Test captain Pat Cummins is set to sit out next month's white-ball series against South...