Latest attacks by Iran-aligned Houthis spark concerns that Middle East crisis is intensifying Who are the Houthis – explained in 30 seconds Attacks by the Iran-aligned Houthis on a military camp in Yemen and in Saudi Arabia have sparked concerns that the Middle East crisis will continue to spiral. Yemen ...
Day: August 7, 2026
Meta fined $567m in largest child safety ruling against social media giantMeta fined $567m in largest child safety ruling against social media giant
A New Mexico judge ordered the Instagram, Facebook and Whatsapp parent company to pay another $567m for the way it has harmed children. ...
Fed’s Warsh balances political, market pressureFed’s Warsh balances political, market pressure
US Federal Reserve chair Kevin Warsh has kept lines of communication with President Donald Trump open since taking the role, underscoring the central banker’s balancing act between markets and the White House. Trump reportedly hasn’t pressured Warsh to lower interest rates, but sought his advice on the Iran war and ...
Mexico’s Sheinbaum rules out fracking expansionMexico’s Sheinbaum rules out fracking expansion
Mexican President Claudia Sheinbaum ruled out fracking in a key basin, citing danger to nearby water tables and indigenous communities — a move that highlights her political balancing act as the country strives to wean off US energy. Sheinbaum, a former engineer, has backtracked on her opposition to fracking, touting ...
ByteDance forbids distillation of rival AI modelsByteDance forbids distillation of rival AI models
Chinese tech giant ByteDance’s founder reportedly forbade AI researchers from distilling rival models, as scrutiny of the practice causes friction between Washington and Beijing. The policy reportedly dates to 2023, predating the period when “avoiding US retaliation” became a potential commercial priority, the Pekingnology newsletter wrote. Notably, ByteDance is not ...
iPhones boost India’s electronics ambitioniPhones boost India’s electronics ambition
The success of Apple’s production facilities in Chennai, including the company’s first major iPhone factory in India, is boosting Prime Minister Narendra Modi’s ambition of transforming the country into an electronics powerhouse. Washington’s intensifying efforts to wall off its tech industry from Chinese software and components are also helping make ...
Senate negotiations intensify on recess dealSenate negotiations intensify on recess deal
After Republican senators lunched with Vice President JD Vance, the contours of a deal to finish the Senate’s summer business started becoming clearer. “There’s some movement in the right direction,” Sen. Katie Britt, R-Ala., told Semafor. Republican leaders are close to finishing the government spending bill, which may involve giving ...
Software Giant SAP Stops Most Travel and Hiring Because of AI’s Soaring CostSoftware Giant SAP Stops Most Travel and Hiring Because of AI’s Soaring Cost
SAP, one of the world’s biggest software companies, suspended most travel and hiring last month because of AI’s soaring cost, with exceptions only being made for AI-related travel or hires, according to an internal SAP email obtained by 404 Media. Bloomberg reported on the email and the freezes in July, ...