Business

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…
Business
May 8, 2026

Astronomers believe they’ve detected an atmosphere around a tiny, icy world beyond Pluto 

A new study suggests that a tiny, icy world beyond Pluto harbours a thin, delicate atmosphere that may have been created by volcanic eruptions or a comet strike.
Business
May 7, 2026

Shipping firms punished over Strait of Hormuz impasse 

With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two…