BP on Tuesday abruptly ousted its chairman, citing “serious” governance and conduct concerns. Albert Manifold had taken his post at the British oil major just months ago, with plans to accelerate the company’s turnaround following years of turmoil. Bloomberg reported there had been complaints of Manifold showing aggressive behavior toward ...
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Iran starts restoring web access after monthslong blackoutIran starts restoring web access after monthslong blackout
Iran is starting to restore internet access after a nearly three-month blackout. Tehran cut its public off from the web shortly after the US and Iran struck the country in late February, instead promoting a heavily curtailed network of domestic platforms. The restrictions reshaped Iran’s economy, as tech companies were ...
Surging chip stocks warp global marketsSurging chip stocks warp global markets
Surging chip stocks are warping stock markets globally. US-based Micron Technology on Tuesday hit a $1 trillion market value on strong demand for its memory chips; the tech-driven surge pushed US stock indices to new highs, despite the latest US strikes on Iran. Chip giant TSMC’s rally largely drove Taiwan ...
China’s AI talent war heats upChina’s AI talent war heats up
China and its tech giants are racing to protect their top AI talent, as competition intensifies at home and with the US. Beijing is restricting overseas travel for AI officials at Alibaba and DeepSeek — similar to rules for academics and nuclear scientists — in an effort to secure its ...
Labour has ‘no coherent plan’ for country, says BlairLabour has ‘no coherent plan’ for country, says Blair
The ex-Labour PM says Sir Keir Starmer’s government is in the “wrong position” ahead of the next election. ...
China cracks down on cross-border stock tradingChina cracks down on cross-border stock trading
Worried about “hot money” outflows, Chinese regulators are cracking down on illegal cross-border stock trading. The move — in which officials have targeted brokerages offering investors an easier and cheaper way to get capital out of China than through official channels — has already hit Chinese mainland companies listed on ...
Chinese AI startup DeepSeek slashes price of flagship modelChinese AI startup DeepSeek slashes price of flagship model
Chinese AI startup Deepseek made a 75% discount on its flagship model permanent, intensifying an AI price war. Chinese labs are increasingly looking to compete with their global peers for customers, and cost is a big part of the equation: DeepSeek’s offering is more than 10 times cheaper than OpenAI’s. ...
Iran is using Chinese censorship techIran is using Chinese censorship tech
Iran is using Chinese hardware to strengthen its censorship capabilities, further proof that Beijing is exporting the technology that powers its cutting-edge firewall. Since the start of US-Israeli attacks in February, Tehran has essentially cut Iranians off from the web, reshaping the country’s economy in the process. Authorities now plan ...
Lyft is coming for corporate travelLyft is coming for corporate travel
The Scene As Lyft tries to climb out of Uber’s shadow, the ride-share company is going after the high-end travel market. CEO David Risher said he’s already speaking with CEOs like United Airlines’ Scott Kirby about bundling Lyft with other corporate travel perks. “Maybe it looks like: get a first-class ...
‘The avalanche of slime has been unbelievable’: E Jean Carroll shares life post-Trump in new film‘The avalanche of slime has been unbelievable’: E Jean Carroll shares life post-Trump in new film
In the documentary Ask E Jean, the journalist and author provides an unflinching account of her life, career and groundbreaking legal victories “If you were concerned about being dragged through the mud,” asks lawyer Alina Habba, “Why would you choose to sue Donald Trump?” Calm and composed, E Jean Carroll ...