Business

Business
May 8, 2026

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds
Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic…
Business
May 8, 2026

US government sues New York Times, claiming white male editor was passed over on racial and gender grounds
A federal civil rights agency filed a discrimination lawsuit Tuesday against The New York Times, claiming that the new organisation passed over a white male employee for a promotion in favour of a…
Business
May 8, 2026

Mark Zuckerberg ‘personally authorised’ Meta’s copyright infringement, publishers allege
Five publishing houses and author Scott Turow sued Meta and Chief Executive Mark Zuckerberg on Tuesday, alleging the company illegally used millions of copyrighted works to train its AI language…
Business
May 8, 2026

These numbers show the global impact of Iran’s grip on the Strait of Hormuz
Iran's grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East.
Business
May 8, 2026

US jobless claim applications rise to 200,000 but remain historically low despite economic headwinds
US jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds.
Business
May 8, 2026

Worries about AI’s risks to humanity loom over the trial pitting Musk against OpenAI’s leaders
At the heart of the trial pitting Elon Musk against OpenAI CEO Sam Altman is a moment when they found common cause on an ever more pressing question: how to protect humanity from the risks of…
Business
May 8, 2026

Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy
The Bank of England kept its main interest rate on hold at 3.75 per cent on Thursday and hinted of hikes to come as policymakers assess the economic impact of the Iran war and Tehran's effective…
Business
May 8, 2026

The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globally
On a recent weekday, around 50 people gathered outside the headquarters of a Chinese mobile Internet company, waiting to get help with installing an artificial intelligence assistant.
Business
May 8, 2026

Tech is turning increasingly to religion in a quest to create ethical AI
As concerns mount over artificial intelligence and its rapid integration into society, tech companies are increasingly turning to faith leaders for guidance on how to shape the technology — a…