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The Latest Breaking News from International Business Times

Ryanair Has Prepared For An 'Armageddon Situation' As Jet Fuel Prices Remain High

Ryanair's CFO said the company has prepared for an "Armageddon situation" as jet fuel prices remain elevated and the Strait of Hormuz closed.

International Business Times

Meta Set To Begin Thousands Of Layoffs With More Expected Later This Year

Meta is set to begin conducting a round of layoffs potentially impacting 8,000 people, and more are expected later this year, according to a new report.

International Business Times

US Social Security 2027 Cost-of-Living Adjustment Tied To Inflation Trends

Social Security benefits in the United States are expected to reflect ongoing inflation trends used in federal cost-of-living calculations for 2027, with reporting highlighting persistent price pressures across energy, housing and services.

International Business Times

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Trump Endorsement Could Hurt Republicans in Local Elections in Swing Districts: Poll

A new poll has found that while President Donald Trump remains the most powerful figure in Republican politics, GOP candidates running in competitive House districts this fall could see their election chances hurt as a result of his endorsement.

International Business Times

Musk v. OpenAI Jury Begins Deliberating; Standing Hurdle Could End Case Before Altman Removal Hearings

A nine-person jury in Oakland began deliberating Monday in the most consequential corporate governance trial in the history of American artificial intelligence, weighing whether OpenAI CEO Sam Altman and president Greg Brockman violated charitable-trust law when they converted a nonprofit AI research lab into an $852 billion public benefit corporation.

International Business Times

U.S. Weighs Secure AI Base In Israel's Desert Amid Rising Tech Rivalry With China

The United States is considering establishing a secure artificial intelligence facility in Israel's Negev Desert as part of discussions aimed at protecting advanced technologies and limiting exposure to Chinese espionage risks.

International Business Times

Iranian Media Says U.S. Offered Temporary Waiver On Oil Sanctions Against Tehran

Iranian outlet Tasnim reported that the U.S. offered an interim waiver on oil sanctions against the country.

International Business Times

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Commercial Oil Inventories Depleting Rapidly With Only a Few Worth Left, IEA Head Says

Commercial oil inventories are being quickly depleted and there are only a few weeks worth left of them, International Energy Agency Fatih Birol warned.

International Business Times

Classified Intelligence About Cuba Acquiring Military Drone Could Become Pretext For U.S. Military Action: Report

A classified intelligence report claims that Cuba acquired hundreds of military drones and could use them to attack U.S. targets.

International Business Times

Trump-Linked Crypto Networks Processed Billions For Iran Exchange During Conflict: Report

Iran's largest cryptocurrency exchange processed billions of dollars through blockchain networks tied to major supporters of the Trump family's crypto venture, according to a new report.

International Business Times

Iran Has Given Its Response To The U.S. Proposal To End The War, Official Says

Iranian Foreign Ministry spokesperson Esmaeil Baghaei said the country has given its response to the latest U.S. proposal.

International Business Times

Trump Threatens Iran With 'Much Harder' Strikes If No Deal Is Reached Soon

President Donald Trump threatened Iran as negotiations between the countries remain deadlocked, saying Tehran will be hit "much harder" if no significant progress is achieved soon.

International Business Times

Trump's ICE Crackdown Could Get a $72 Billion Boost This Week

President Donald Trump's immigration crackdown is heading into a major Senate test this week as Republicans push a fast-track funding package that would pour nearly $72 billion into immigration enforcement, including tens of billions for ICE and Border Patrol operations through 2029.

International Business Times

Oil Prices Climb As Trump Warns Iran Amid Stalled Diplomacy In 80-Day War

A fresh warning from President Donald Trump and reports of rising tensions around the Strait of Hormuz pushed oil prices higher and weighed on global markets Monday as indirect negotiations between Washington and Tehran continued.

International Business Times

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International Business Times

Why Bill Gates's Full Microsoft Exit Shouldn't Have Come as a Surprise — Final $3.2 Billion Sale Ends Era

The Gates Foundation Trust has sold its remaining Microsoft shares, marking a strategic shift as it plans to increase its annual budget and close by 2045.

International Business Times

Berkshire Hathaway's Top 20 Holdings Revealed in 13F Filing — Google Stake Tripled, Apple at $57.8 Billion

Berkshire Hathaway's latest 13F filing reveals a strategic shift with increased investments in Google and Delta Air Lines, while reducing stakes in companies like Visa and Amazon.

International Business Times

Stanley Druckenmiller Dumps Alphabet After Boosting Stake 277% Last Quarter — Here's What He's Buying Now

Stanley Druckenmiller's Duquesne Family Office sold its entire Alphabet stake in Q1 despite impressive returns amid concerns over AI competition and regulatory pressures.

International Business Times

Kremlin Threatens UK With 'Nuclear Ultimatum' as Moscow Names 4 British Cities as Targets

Russia has named UK cities as potential nuclear targets, escalating tensions over Western support for Ukraine. Kremlin broadcaster warns of a possible nuclear ultimatum from Putin.

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International Business Times

Zendocs Centers Everyday Document Work in One Place

Working with documents without leaving the browser.

International Business Times

New 'Agentic AI' Platform AiR Wants to Be the AI That Protects Users from AI

AiR, short for Artificial Intelligence Response, is set to officially launch June 1 through a partnership with wireless provider Lexvor Wireless, introducing what executives describe as a secure "agentic AI" platform built directly around mobile communication.

International Business Times

'One Nation Under God': Thousands Gather on National Mall for 'Rededicate 250' Prayer Jubilee

Thousands of Americans gathered on the National Mall for 'Rededicate 250,' a Trump-backed National Jubilee of Prayer marking the start of the U.S. semiquincentennial cycle amid debates over faith and state.

International Business Times

US Beef Exports to China Cook Up Row As MAGA Roils Brooke Rollins

US Agriculture Secretary Brooke Rollins' post referred to China's reported agreement to implement what Rollins termed as beef commitments, angering Trump's MAGA base.

International Business Times

Iran War, Inflationary Concerns Loom Over Paris G7 Meet

French President Emmanuel Macron;s priority is to "tackle imbalances," and the summit will also be a platform to discuss key economic issues including America's big budget deficits, dwindling investments in Europe and China's vast trade surplus

International Business Times

Why Biographer Blasts Donald Trump's China Trip as 'an Embarrassment' and a Total Win for Xi Jinping

Michael Wolff derides Donald Trump's Beijing visit as a win for China, probing the gap between the summit's grand pageantry and what the US president can truly claim as a victory.

International Business Times

Drone Strike On UAE Nuclear Plant Sparks Alarm Over Shaky Iran Truce

US President Donald Trump issued a veiled warning over rising tensions in the Middle East by posting an AI-generated image and message that read "calm before the storm."

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