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The Latest Breaking News from International Business Times

Washington Is Weighing Curbs On Chinese AI. Nvidia, Microsoft And Meta Warn Open Models Shouldn't Be Included

Nvidia, Microsoft, Meta and more than two dozen technology companies are urging U.S. policymakers not to impose broad restrictions on open-weight artificial intelligence models, arguing that doing so could undermine American innovation and hand an advantage to foreign competitors.

International Business Times

Paramount's Acquisition Of Warner Bros. Discovery Had Been Halted. The Company Is Now Delaying It And Its Stock Is Falling

Paramount Skydance announced it will delay its proposed acquisition of Warner Bros. Discovery to as late as June of next year as it faces legal challenges in the U.S.

International Business Times

Concerns Over Escalating U.S.-Iran War Continue To Mount. Stocks Are Mixed To Cap Negative Week

Stocks closed a negative week as concerns over further escalation in the war between the U.S. and Iran and its economic spillover continue to mount.

International Business Times

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Venezuela Is Still Reeling From Devastating Twin Earthquakes a Month Ago. Business And Workers Are Struggling To Recover

While families are still searching for missing loved ones and others are trying to work out where they will live after Venezuela's twin earthquakes on 24 June, many are now facing another challenge: how to earn a living.

International Business Times

Intel Posts Fastest Revenue Growth in Nearly 15 Years on AI Boom. But The Stock Still Fell

Intel just delivered its strongest quarterly revenue growth in nearly 15 years, but the stock still fell on Friday.

International Business Times

Sam Altman's World Network Just Raised Another $52.5 Million. It's Betting More People Will Need To Prove They're Human

World Network, the digital identity project backed by OpenAI CEO Sam Altman, has secured $52.5 million in fresh funding as it expands efforts to verify human identities online amid growing concerns over bots, impersonation and deepfakes.

International Business Times

Iran Seeks To Maintain Its Chokehold Of Hormuz. The U.S. And The U.K. Are Set To Meet To Put An End To It

The U.S. and the U.K. are set to convene a high-level meeting next week to discuss a potential international coalition to guarantee safe passage through the Hormuz Strait as Iran seeks to exert control of the key waterway, according to a new report.

International Business Times

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U.S. And Iran Continue To Escalate. China Began a Push To Bring Them Back To The Negotiating Table

Pakistan began a new China-led push to get the U.S. and Iran to negotiate, according to a new report.

International Business Times

Oil Has Topped $100 As The Iran War Escalates. Now Analysts Say Gas Prices Could Surge Even Higher

National average gasoline prices have already climbed above $4 a gallon, while crude oil has surged past $100 per barrel following weeks of escalating military action across the Middle East.

International Business Times

The World's Oil Tankers Are Seeking To Flee Hormuz. The Bill Is $2.5 Million Per Ship

The combined disruption of the Strait of Hormuz and the Bab el-Mandeb is forcing some shipments to take a circuitous route around Africa's Cape of Good Hope, making voyages longer and $ 2.5 million more expensive.

International Business Times

Larry Sharpe on What Replaced the American Dream: "The Empire Is Falling"

Libertarian Activist Larry Sharpe does not believe democracy is on the ballot for the 2026 midterms, and he has a simple test for anyone who says otherwise. Here's where he thinks America is heading next.

International Business Times

The Trump Economy: Less Hiring As Record 105 Million Americans Sit Outside Labor Force

U.S. hiring is slowing as a record 105 million Americans remain outside the labor force, creating a low-hire, low-fire labor market under Trump.

International Business Times

The Houthis Are Striking Ships Carrying Saudi Oil In The Red Sea. Tankers Are Seeking Other Routes

Some tankers are avoiding the Red Sea and will sail to Asia through the Suez Canal after the Houthis began striking ships carrying Saudi oil in the waterway, a new report detailed.

International Business Times

Bitcoin ETFs Just Pulled In $1 Billion, It Recovered Only 15% of June's Losses.

US spot Bitcoin ETFs just posted their best stretch in 11 weeks, stringing together seven straight inflow sessions worth nearly $1 billion through July 22.

International Business Times

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International Business Times

Volkswagen Missed Its Profit Forecast, Deepening Its Crisis. CFO Says 4% Margin Is a 'Wake-Up Call'

Volkswagen reported an operating profit of 3.5 billion euros ($3.98 billion), a decline of nearly 10% from last year and well below analysts' expectations of 4.3 billion euros.

International Business Times

EU Says TikTok Allowed Kids To Be Vulnerable To Predators. Now It Might Face Massive Fines

The European Union has alleged that ByteDance and its social media platform TikTok are breaking online content rules and making children potentially vulnerable to online predators.

International Business Times

Trump Is Seeking To Rebuild His Global Tariff Program After The SC Knocked It Down. Dozens Of Countries Are Targeted

The new tariffs announced by Trump cover nearly all U.S. imports. Exemptions shield energy, aircraft, critical minerals and several other product categories.

International Business Times

Oil Drops Below $100 As U.S.-Iran Clashes Continue, But Have Climbed More Than 10% This Week

Oil prices are pairing gains on Friday but have climbed more than 10% this week.

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International Business Times

What Is Retargeting – The Ultimate Playbook For Midmarket Online Stores

Retargeting acts as your digital safety net by strategically placing targeted advertisements in front of bounced audiences as they browse other corners of the internet.

International Business Times

Expectations For Fed Rate Hikes Dropped After The Latest Inflation Red. They Are Spiking Again Over The War

Fed funds futures price a more than 80% likelihood of an interest rate hike by September.

International Business Times

Tesla Just Ate a $112M Bitcoin Loss and Refused to Sell. Michael Saylor Blinked First.

Tesla booked a $112 million after-tax loss on its Bitcoin in the second quarter and sold exactly zero coins. Its 11,509 BTC sat untouched while Bitcoin slid roughly 14%.

International Business Times

U.S.-Iran Clashes Continues To Escalate. Washington Officials Are Reportedly Worried About The Pace Of Interceptors Used

U.S. officials are reportedly worried about the pace at which the country is using interceptors during the war with Iran.

International Business Times

Trump Is Reportedly Skeptical About Any Negotiations With Iran. He Is Now In 'Revenge Mode'

President Donald Trump is reportedly in "revenge mode" against Iran as talks have failed to yield a lasting peace.

International Business Times

The U.S. Reportedly Sent Iran a Ceasefire Proposal Through The Iraqi PM. Tehran Rejected it

Iran Reportedly rejected a ceasefire proposal sent by the U.S. through the Iraqi prime minister.

International Business Times

ECB Holds Rates Steady As Oil Risks Loom. Traders Are Betting On A September Hike

The ECB voted to leave its main interest rate at 2.25%, a decision that was widely expected after the central bank delivered a quarter-percentage-point increase in June, its first rate hike since 2023.

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