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Business

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StanChart plans 7,000 job cuts, cites AI and automation drive
StanChart plans 7,000 job cuts, cites AI and automation drive

HONG KONG: Standard Chartered said on May 19 that it will eliminate more than 7,000 jobs over the next four years as the bank increases...

Musk loses court fight with OpenAI as scrutiny of Altman grows
Musk loses court fight with OpenAI as scrutiny of Altman grows

OAKLAND, California: OpenAI has emerged victorious in its closely watched courtroom battle with Elon Musk, preserving its path toward...

Nasdaq Composite slides 220 points as U.S. stocks shed ground
Nasdaq Composite slides 220 points as U.S. stocks shed ground

NEW YORK, New York - U.S. and global stock markets closed with a broad selloff on Tuesday, driven by heavy losses in technology shares...

NextEra-Dominion merger targets soaring AI-driven power demand
NextEra-Dominion merger targets soaring AI-driven power demand

NEW YORK CITY, New York: NextEra Energy has agreed to acquire Dominion Energy in an all-stock deal valued at about US$66.8 billion,...

Tesla increases U.S. prices for several Model Y variants
Tesla increases U.S. prices for several Model Y variants

AUSTIN, Texas: Tesla has increased the prices of several Model Y vehicles in the United States, marking the first price hike for the...

SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing
SpaceX speeds up IPO plans, eyes June 12 Nasdaq listing

NEW YORK CITY, New York: SpaceX is preparing to go public as early as June 12 on the Nasdaq, according to people familiar with the...

California

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Musk loses court fight with OpenAI as scrutiny of Altman grows
Musk loses court fight with OpenAI as scrutiny of Altman grows

OAKLAND, California: OpenAI has emerged victorious in its closely watched courtroom battle with Elon Musk, preserving its path toward...

OpenAI and Musk clash in closing arguments over AI future
OpenAI and Musk clash in closing arguments over AI future

OAKLAND, California: Elon Musk and Sam Altman exchanged sharp accusations in closing arguments as a closely watched trial over the...

Anthropic, Gates Foundation fund AI for health and education
Anthropic, Gates Foundation fund AI for health and education

SAN FRANCISCO, California: Anthropic and the Gates Foundation have launched a four-year, US$200 million partnership to support artificial...

Sparks, Mercury both seeking more 'punch' on defense
Sparks, Mercury both seeking more 'punch' on defense

(Photo credit: Rick Scuteri-Imagn Images) The visiting Los Angeles Sparks and Phoenix Mercury enter Thursday's game searching for...

UAE strongly condemns attack on Islamic center of San Diego
UAE strongly condemns attack on Islamic center of San Diego

ABU DHABI, 20th May, 2026 (WAM) -- The United Arab Emirates has condemned in the strongest terms the armed attack on the Islamic Center...

"I wound up having to go to court for that": Paul Rudd revealed he was arrested on two separate occasions when he was in his teens
"I wound up having to go to court for that": Paul Rudd revealed he was arrested on two separate occasions when he was in his teens

Washington [DC], May 20 (ANI): Actor Paul Rudd has revealed that he was arrested on two separate occasions during his teenage years,...