Business

OpenAI reaches new agreement with Microsoft to change its corporate structure

OpenAI reaches new agreement with Microsoft to change its corporate structure

OpenAI has reached a new tentative agreement with Microsoft and said its nonprofit, which technically controls its business, will now be given a $100 billion equity stake in its for-profit corpora...

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Bessent will meet Chinese officials in Spain for trade, TikTok talks

Bessent will meet Chinese officials in Spain for trade, TikTok talks

WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent will travel to Madrid this weekend for negotiations with his Chinese counterparts over tariffs and national security issues related to the o...

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Japan’s economy grew at faster rate in fiscal Q1 than initially thought on healthy consumer spending

Japan’s economy grew at faster rate in fiscal Q1 than initially thought on healthy consumer spending

TOKYO (AP) — Japan’s economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about U.S. tariffs and domestic political uncertainty, according to ...

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Russia cuts interest rate to 17% as wartime economy slows while deficit grows

Russia cuts interest rate to 17% as wartime economy slows while deficit grows

Russia’s central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases...

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Microsoft resolves European Union probe into Teams

Microsoft resolves European Union probe into Teams

LONDON (AP) — European Union regulators have accepted Microsoft’s proposed changes to Teams, resolving a long-running antitrust investigation that targeted the company’s messaging and videoconfere...

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Albania unveils an AI anti-corruption ‘minister’

Albania unveils an AI anti-corruption ‘minister’

TIRANA, Albania (AP) — Albania’s Prime Minister Edi Rama on Friday tapped an Artificial Intelligence-generated ‘minister’ for his cabinet to take on corruption. The new State Minister for Artifici...

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