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BUSINESSTrump urges lower rates after central bank agrees increase by quarter-percentage point to range of 3.75% to 4% The US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down inflation. The Fed’s open market…
BUSINESSWage increase brings Amazon’s US minimum pay in line with Costco and includes new grocery discount benefit Amazon has raised its minimum wage in the US to $20 an hour, with average pay at the company reaching $24 an hour, according to the company. The pay increase represents a $1 increase from its…
BUSINESSRachida Dati accused of lobbying for carmaker Renault-Nissan when she was member of European parliament Rachida Dati , a former French culture minister, has gone on trial in Paris on corruption charges linked to dealings with the Renault-Nissan carmaking group. Dati, 60, is accused of illegal…
BUSINESSPM rejects claim he leads a ‘tax-and-spend’ government, as Bank of England prepares for interest rates decision Andy Burnham has said “difficult decisions” will need to be taken in next month’s budget after a rise in energy prices triggered by the Iran war drove UK inflation above 3%. In a fresh…
BUSINESSCommission president says EU must ‘urgently reimagine our partnerships’ as she makes unprecedented offer Canada has been invited to become the first “associate member” of the EU by the European Commission president, Ursula von der Leyen. In an unprecedented offer, von der Leyen said on Wednesday…
BUSINESSTech CEOs banding together is an old ruse recycled from corporate America to get a pass from antitrust laws Anthropic’s Dario Amodei is not the first corporate CEO to suggest that excessive competition is driving the world to some socially undesirable outcome. The safety breach disclosed by OpenAI…
BUSINESSPremier describes deal as ‘major win’ that will deliver more jobs for the state and put more energy into its grid Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Anthropic, the AI company behind the large language model Claude ,…
BUSINESSOn Tuesday, the 10-year treasury rate yield reached a 19-year high at 5.041% as investors are wary Iran war fallout Scott Bessent, the US treasury secretary, claimed the government’s massive buyback of US bonds was a success. The claim came as the 10-year treasury yield reached a 19-year high on…
BUSINESSWe examine claims and counterclaims about the risks and calls to slow down the pace of AI development There have been some shocking claims in recent days about AI safety: we face a 10% chance of doom; AIs are worse than nukes; a “botnet” threatens the entire internet; it’s all a big tech psyop.…
BUSINESSDonald Trump dismisses attempts to increase controls on artificial intelligence as ‘sick conspiracy’ AI -linked stocks tumbled on Monday after the bosses of Anthropic, OpenAI and SpaceX called for a slowdown in AI “reckless” development , citing fears the technology could soon run out of control.…
BUSINESSBeijing hits back after Anthropic CEO calls for US to impede China’s progress in AI China has dismissed what it said were “fearmongering” calls for the US to block Beijing’s AI industry, even as the top Chinese spy chief warned the evolving technology could threaten Communist party rule. The US…
BUSINESSSoaring oil prices of above $108 a barrel after Houthi attacks on Saudi infrastructure stoke inflation fears US government borrowing costs have risen to 5% for the first time since 2023 as soaring oil prices fuelled by the war in the Middle East trigger an intensifying sell-off in the global bond…
BUSINESSThe 42-year-old liberal commentator regularly co-hosts the network’s 5pm talk show, taking flak from her conservative colleagues and harsh insults from the president. Jessica Tarlov is the left-leaning Fox News host that some of the network’s most conservative viewers, including Donald Trump, love…
BUSINESSRare show of unity from rival developers after safety warnings from Anthropic boss and AI researchers Analysis: critics perplexed and suspicious of call for a slowdown The Guardian view: humanity cannot outsource its survival Sam Altman and Elon Musk have backed a call from the head of Anthropic,…
BUSINESSPresident has hyped growth of federal investment accounts to help US children – for his own political gain Since returning to the White House, Donald Trump has scrapped rules that made childcare more affordable and pushed to cut funding for the nation’s public schools . But with midterm elections…
BUSINESSCanadians ‘angry’ at Trump for suggesting Canada should become 51st state, says mayor, as US businesses see sales fall amid trade war Like many Canadians, Tom Reid isn’t crossing the US-Canada border as often these days. But he needed a haircut. The woman who cuts his hair lives in International…