Author: Grace Johnson

OpenAI has finalized its move to become a for-profit company. The transformation aims to attract billions in fresh investment and could pave the way for a future stock market debut. Microsoft redefines its powerful partnership with OpenAI As part of the restructuring, OpenAI and Microsoft have renewed their alliance. Microsoft now holds a 27% stake in the ChatGPT developer. The new deal marks a turning point in a partnership that began in 2019, when OpenAI still operated as a non-profit research organization. Under the updated terms, Microsoft can now develop artificial general intelligence (AGI) independently or with other partners. AGI…

Amazon is preparing for one of its largest corporate layoffs in years, with tens of thousands of office jobs expected to be cut as early as this week, according to multiple media reports. Both The Wall Street Journal and Reuters report that Amazon plans to eliminate up to 30,000 positions. The move is part of a broad restructuring effort led by chief executive Andy Jassy to reduce costs and refocus company priorities. Amazon declined to provide a statement when contacted by international media organizations. Biggest workforce reduction in years If confirmed, the layoffs would rank among the largest in the…

Real Madrid produced a statement performance at the Bernabéu. Xabi Alonso’s team beat Barcelona 2-1 to open a five-point lead at the top of La Liga. Jude Bellingham ended his drought with his first league goal and assist since returning from shoulder surgery. Kylian Mbappé extended his goal streak and showed his class once again. Alonso’s tactical debut in the Clasico was close to flawless. But the evening’s joy dimmed when Vinicius Jr erupted in anger after being substituted. The Brazilian winger’s frustration boiled over in the 72nd minute when he was replaced. He ignored Alonso, walked straight down the…

U.S. home equity reached a record high of $35 trillion as of March 2025, reflecting the strength of the housing market and the wealth-building potential of homeownership. This milestone underscores how homes continue to serve as a primary source of financial security for Americans. Experts say the rise in home equity is driven by steady home price growth over the past several years. Even amid fluctuations in mortgage rates, property values have remained resilient, allowing homeowners to build substantial equity. This financial cushion provides greater flexibility for households to invest, borrow, or plan for the future. The surge in equity…

US President Donald Trump has raised tariffs on Canadian goods after Ontario broadcast an anti-tariff advert featuring former US President Ronald Reagan. Trump called the advert a “fraud” and accused Canadian officials of refusing to remove it before the World Series baseball championship. “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” he wrote on social media on Saturday. Washington and Ottawa drift further apart Trump had already ended trade talks with Canada on Thursday, deepening the diplomatic rift. Ontario Premier…

President Donald Trump is set to meet Thai Prime Minister Anutin Charnvirakul in Kuala Lumpur before a formal signing ceremony for a ceasefire agreement with Cambodia. The meeting signals a coordinated effort to promote stability in the region. Officials said the Kuala Lumpur discussions will focus on supporting the ceasefire and ensuring a smooth implementation of the agreement. Both leaders are expected to discuss strategies to maintain peace and security. The ceasefire, which involves Cambodia, is intended to end long-standing tensions and foster dialogue between conflicting parties. Trump’s meeting with the Thai Prime Minister emphasizes the U.S. role in facilitating…

Beef prices in the United States have surged to record levels, turning into a major political flashpoint. Donald Trump, who once proclaimed that inflation was “dead,” now faces growing pressure as rising beef costs threaten his pledge to lower grocery bills for American families. This week, he took to social media to urge ranchers to cut cattle prices. But his call — and other proposals from his administration — have triggered anger among ranchers who say his ideas could harm their livelihoods without easing the burden on consumers. Shrinking herds and vanishing ranches The number of US cattle ranchers has…

US President Donald Trump will meet Chinese President Xi Jinping in South Korea on 30 October. The White House confirmed the long-awaited meeting, which will take place on the sidelines of a major Asian summit. The encounter has been in preparation for weeks, though rising friction between Washington and Beijing nearly derailed it. It will mark the first in-person meeting between the two leaders since Trump returned to the presidency. Trump recently warned he would impose a 100% tariff on Chinese imports in November if Beijing fails to ease its limits on rare earth exports. White House confirms meeting during…

Tesla reported its highest quarterly revenue yet, but profits fell steeply. Rising costs, tariffs, and heavy investment in research weighed on earnings despite strong sales. Revenue surges while profits drop For the three months ending in September, Tesla earned $28 billion (£21 billion), a 12% increase from last year. Profits, however, dropped 37%, driven by higher tariffs and growing research and development expenses. Investors reacted cautiously. Tesla shares fell 3.8% in after-hours trading after the announcement. Despite this, the company still holds a market value near $1.4 trillion, fueled by confidence in Elon Musk’s vision for artificial intelligence and robotics.…

Donald Trump said he did not want a “wasted meeting” after plans for direct talks with Russian President Vladimir Putin about the war in Ukraine were suspended. Speaking at the White House on Tuesday, the US president said Moscow’s refusal to stop fighting along the current front line remained the main roadblock to progress. White House freezes plans for Budapest summit A White House official confirmed there were “no plans” for a Trump-Putin meeting “in the immediate future.” That statement came only days after Trump had announced both leaders would meet in Budapest within two weeks. Differences between Washington and…