Business

Netflix profits jump 24% as viewers flock to streaming shows and sports
Group’s earnings exceed Wall Street’s forecasts

Google released safety risks report of Gemini 2.5 Pro weeks after its release — but an AI governance expert said it was a ‘meager’ and ‘worrisome’ report
Google has released a key document detailing some information about how its latest AI model, Gemini 2.5 Pro, was built ...

Trump doubles down on claim he can remove Fed chair Jerome Powell: ‘If I want him out, he’ll be out of there real fast’
President Donald Trump attacked Federal Reserve Chair Jerome Powell on Thursday for not cutting interest rates and said he could fire him ...

Could Trump fire the Federal Reserve chair?
Ninety-year-old precedent known as Humphrey’s Executor is crucial guardrail protecting US central bank’s independence

A 116-year-old law gifted Harvard and most universities with tax-exempt status. Can Trump actually revoke it?
For more than a century, the majority of colleges and universities have not paid most taxes. The Revenue Act of ...

Billionaire LVMH CEO says EU leaders need to ‘negotiate with intelligence’ to help his business avoid Trump’s tariffs
Bernard Arnault, chairman and CEO of French luxury conglomerate LVMH, called on Thursday for a free trade zone between the ...

US and Ukraine sign memorandum of intent on minerals deal
Officials say memo was signed ‘virtually’ and hope to finalise a full economic accord by the end of next week

Netflix latest earnings and surprisingly stable outlook defies the souring economy and plummeting consumer confidence
Netflix’s stock rose more than 4% in after-market trading on Thursday after the entertainment giant’s first-quarter earnings results surpassed Wall ...

UK starts hunt for buyer for British Steel
Government stepped in to take control of struggling company but is keen to attract private sector investment

US says Chinese firm is helping Houthis target American warships
Satellite company linked to People’s Liberation Army has supplied images to Iran-backed group in Yemen, say officials

Harvard defies Trump administration’s demand for international student data
Homeland Security threatens to revoke university’s ability to admit foreign nationals

The tariff loophole that drove Shein and Temu to fast-fashion dominance is closing in 8 days—and forcing the cheap brands to hike prices
China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President ...

Two of Elon Musk’s top DOGE hires are a married couple who worked at X and lived at Twitter’s HQ with their infant child
On the rooftop patio of the General Services Administration headquarters, an agency staffer recently discovered something strange: a rectangular device ...

Binance is helping governments establish crypto regulations and national Bitcoin reserves
As the U.S. embraces the crypto industry, more countries are considering a similar approach—and the world’s largest crypto exchange is ...

IMF says global economy slowing on trade ‘reboot’ but avoiding recession
The head of the International Monetary Fund warned that the global economy will slow due to the US-led world trade ...

Trump is now blocking fully permitted wind projects with the halting of Empire Wind offshore of New York
Equinor said April 17 it will cease construction of its massive Empire Wind project offshore of New York and that ...

Nvidia CEO visits Beijing after U.S. bars chip sales to China
Nvidia Corp. Chief Executive Officer Jensen Huang arrived in Beijing Thursday, shortly after the Trump administration barred the company from ...

Google ‘wilfully’ monopolised online advertising market, US judge rules
Decision by federal court heightens the risks that Silicon Valley behemoth will need to sell assets

OpenAI taps high-profile advisors for its nonprofit—right when it needs shore up support for its plan to remove that nonprofit’s control of its business
Welcome to Eye on AI! In today’s edition: OpenAI announces a new nonprofit commission…Nvidia reportedly kept some China customers in ...