The stock market experienced a turbulent week influenced by concerns over US economic data. Cryptocurrencies also experienced significant losses before recovering toward the end of the week. Meanwhile, a long-awaited ruling could have massive implications for the tech sector, and a California-based chip stock became the most recent to fall…
Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. That enormous goal will involve thousands of daily decisions that will determine whether Boeing can earn back the trust of regulators, airlines and the public; end persistent production defects; deliver…
LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. The Competition and Markets Authority said Thursday that it has begun a “Phase 1” investigation into Amazon’s investment and partnership with Anthropic to assess whether the deal has resulted in…
Delta Air Lines on Thursday said last month’s CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that it is pursuing legal claims against the company as well as Microsoft. The financial impact includes a $380 million revenue hit in the current quarter “primarily driven by refunding customers for cancelled flights…
After years of starts and stops at the box office, Disney appears to have hit a groove in 2024. Its latest Pixar film, “Inside Out 2,” is now the highest-grossing animated film of all time, topping $1.5 billion at the global box office. Its first R-rated Marvel Cinematic Universe flick — “Deadpool & Wolverine”…
Earth’s string of 13 straight months with a new average heat record came to an end this past July as the natural El Nino climate pattern ebbed, the European climate agency Copernicus announced Wednesday. But July 2024’s average heat just missed surpassing the July of a year ago, and scientists said the end of the…
Young protesters in Kenya returned to the capital’s streets for an eighth week of demonstrations on Thursday as President William Ruto swore in a new cabinet. Police fired tear gas at protesters in Nairobi city center as many businesses remain closed. Widely shared posters on social media called for the…
Kyiv needed a win, but not a gamble. Ukraine’s decision to launch a large amount of its scant military resources across the border into Russia – in pursuit of headlines but, thus far, an unclear strategic objective – marks a moment of either desperation or inspiration for Ukraine. And it…
In Israel’s northern city of Nahariya, a sense of anxiety lingers among residents as they struggle to maintain daily life with the threat of war with Lebanon’s Hezbollah edging closer to their doorsteps. The coastal city of 77,000 residents sits just 6 miles (10 kilometers) from the border with Lebanon,…
The Middle East, and indeed much of the world, is bracing for Iran to carry out a revenge attack on Israel over the assassination of Hamas’ political leader. But could Tehran instead be prepared to pull back in exchange for progress on Gaza peace talks? That was the hope among…