Wednesday, June 24, 2026

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Jury hands victory to Sam Altman and OpenAI in battle with Elon Musk

A jury ruled in favor of Sam Altmanin the culmination of a long and bitter legal battle that pitted the richest person in the world against a leader of the AI boom. The federal jury in Oakland, California, found Altman,...

NextEra to buy Dominion in $67bn deal creating US utility giant

NextEra, a US energy giant, announced on Monday that it will buy Dominion Energy in a $67bn deal, creating what the companies say will be the world’s largest regulated utility business. The deal comes as the appetite for energy sources...

Trump’s immigration crackdown could cost up to $479bn in lost taxes over 10 years

The Trump administration’s immigration crackdown could cause the US to potentially lose up to $479bn in lost tax revenue over the the next 10 years, with enforcement deterring undocumented workers from filing their taxes this year, according to tax...

Oil prices rise and bonds wobble as Iran war stokes inflation fears

Oil prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and bets that central banks will have to increase interest rates. Brent crude, the international benchmark for oil, rose on Monday,...

Workers racing to turn reflecting pool blue for Trump may be at risk, union warns

Workers renovating one of Washington DC’s most historically symbolic sites in a project ordered by Donald Trump may be risking their safety as they race to finish on time for the US’s 250th anniversary celebrations, a union monitoring the...

Fake lawyers, scientists, chefs and punters: meet the ‘white monkeys’ paid to make Chinese businesses look global

Piers had been in China for all of two days in 2009 when he was used as a “white monkey” for the first time. He had travelled to a village in Suzhou, Jiangsu province, to attend a friend’s wedding...

CBS News insiders fear Bari Weiss will soon enact ‘massive changes’ to 60 Minutes

At a time when viewers are fleeing traditional television shows, the CBS Sunday newsmagazine 60 Minutes remains in a class of its own. The 12 April episode, which featured Pope Leo and a story on great white sharks, drew...

‘I didn’t want to be the guinea pig’: inside tech’s AI-fueled manager purge

As tech companies pour billions into artificial intelligence bets and slash their workforces, middle managers are squarely in the crosshairs. A trend is emerging: when tech CEOs announce that AI is making it possible to do more with fewer workers,...

UAE to complete second oil pipeline bypassing strait of Hormuz by 2027

The United Arab Emirates has announced it will complete a new oil pipeline bypassing the strait of Hormuz by next year to secure its future crude exports against the threat of disruption. The current blockade of the vital waterway, through...

The Federal Reserve’s independence is hanging by a thread in the age of Trump

Jerome Powell, who stepped down this week as chair of the Federal Reserve, had his hits and misses. The Fed was late to react as prices started rising when the Covid pandemic abated, but they eventually acted forcefully and...
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McKinsey surveyed C-suite executives and found they believed only 4% of their staff used AI for at least 30% of daily work; the real...

McKinsey’s 4-to-13 per cent comparison is a small statistic with a larger organisational message: some executives are measuring workplace...
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