Latest Business News
Ex-Scottish First Minister Alex Salmond, who nearly got Scotland's independence from UK, dies at 69
LONDON (AP) — Alex Salmond, the former first minister of Scotland who for decades championed Scotland’s independence from the U.K. and nearly accomplished it, has died. He was 69. Salmond, who was one of the most divisive figure in British politics at the turn of the century and...
Documents show OpenAI's long journey from nonprofit to $157B valued company
Back in 2016, a scientific research organization incorporated in Delaware and based in Mountain View, California, applied to be recognized as a tax-exempt charitable organization by the Internal Revenue Services. Called OpenAI, the nonprofit told the IRS its goal was to “advance...
Data shows migrants aren’t taking jobs from Black or Hispanic people, despite what Trump says
WASHINGTON (AP) — Republican presidential nominee Donald Trump promises the biggest deportation event the U.S. has ever seen if he is elected — a promise he has predicated, in part, on the notion that immigrants in the U.S. legally and illegally are stealing what he calls “Black jobs” and...
Changing OpenAI's nonprofit structure would raise questions about its future
NEW YORK (AP) — The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion. Nonprofit tax experts have been closely watching OpenAI, the maker of ChatGPT, since last...
Planned nuclear plant in a Kenyan top tourist hub and home to endangered species sparks protest
KILIFI, Kenya (AP) — Dozens rallied against a proposal to build Kenya's first nuclear power plant in one of the country's top coastal tourist hubs which also houses a forest on the tentative list of the UNESCO World Heritage site. Kilifi County is renowned for its pristine sandy...
Kim Jones steps down as artistic director at Fendi to concentrate on his role at Dior Men's
ROME (AP) — British designer Kim Jones is stepping down after four years from his role as artistic director of womenswear and couture at Fendi, parent fashion group LVMH announced late Friday. Jones, 45, succeeded the late Karl Lagerfeld in designing Fendi haute couture,...
UK leader Keir Starmer is marking 100 days in office. It has been a rocky ride
LONDON (AP) — British Prime Minister Keir Starmer marks 100 days in office Saturday with little cause for celebration. Starmer’s center-left Labour Party was elected by a landslide on July 4, sweeping back to power after 14 years. But after weeks of stories about feuding,...
China's finance minister says there is room for more economic stimulus but offers no plan
BEIJING (AP) — The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo'an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for. Lan's remarks left the door open for...
Drought is parching the world's largest man-made lake, stripping Zambia of its electricity
LAKE KARIBA, Zambia (AP) — Tindor Sikunyongana is trying to run a welding business which these days means buying a diesel generator with costly fuel he can't always afford. Like everyone in Zambia, Sikunyongana is facing a daily struggle to find and afford electricity during a...
Appeals court revives lawsuit in fight between 2 tribes over Alabama casino
MONTGOMERY, Ala. (AP) — A federal appeals court on Friday revived a lawsuit filed by one Native American tribe over another’s construction of a casino on what they said is historic and sacred land. The 11th U.S. Circuit Court of Appeals vacated a judge’s decision that dismissed...
