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The Latest Breaking News from International Business Times

Lutnick Testifies About Relationship With Epstein, Recalls 'Gross' Comment While Touring His Home

Commerce Secretary Howard Lutnick recounted in congressional testimony how a coffee with Jeffrey Epstein ended after a "gross and inappropriate" comment.

International Business Times

Saudi Arabia's Oil Production Drops Over 40% To Lowest Level In More Than Three Decades: Report

Saudi Arabia informed OPEC that its production of oil dropped more than 40% to its lowest level since 1990, according to a new report.

International Business Times

OpenAI Floats Global Body Focused On AI Safety Including U.S., China

Chris Lehane, OpenAI's vice president of global affairs, said the company supports the creation of a global body focused on AI safety.

International Business Times

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ICE Won't "Round Up" People At World Cup Matches, Mullin Says

Secretary of Homeland Security Markwayne Mullin attempted to clarify what role Immigration and Customs Enforcement (ICE) agents would play during the FIFA World Cup should they be deployed to the vicinity of matches and events.

International Business Times

Nvidia China H200 Chip Sales Stalled Despite U.S. Green Light For Select Buyers

Despite authorization for multiple Chinese companies to buy Nvidia's H200 chips, no deliveries have been completed as compliance checks and geopolitical restrictions slow the process.

International Business Times

Zohran Mamdani Closed New York's $12 Billion Deficit — But Not the Way He Promised

Zohran Mamdani says New York has closed a $12 billion deficit, but the deal relies on state aid, temporary fixes, and dropped tax plans, raising doubts about long-term stability.

International Business Times

Japan Baby Market Grows 2% in 2025 Despite Falling Births

Yano Research Institute estimates Japan's five-segment baby-related business market at ¥4.657 trillion for 2025, with government-subsidized daycare and resilient toy sales compensating for contractions in apparel, food, and baby goods.

International Business Times

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Stanley Druckenmiller's Semiconductor Picks Are Crushing the Market — Duquesne Made $127 Million in Profit

Stanley Druckenmiller's family office made $127 million in profits by investing $117 million collectively in Lattice Semiconductors, On Semiconductor, and STMicroelectronics in Q4.

International Business Times

People Are Asking AI Models For Life Advice; Is That Prudent?

We have spent years debating whether AI is trustworthy enough to drive our cars or screen our job applications. We forgot to ask whether we'd trust it with something as intimate as our mental health.

International Business Times

U.S. Intelligence Concludes China Is Exploiting Iran War To Gain Edge Over Washington In a Range Of Fields: Report

A U.S. intelligence analysis concluded that China taking advantage of the war in Iran to gain an edge over the U.S. in a range of areas, including the military, the economy and the diplomatic field.

International Business Times

U.S. And China Agree That Strait Of Hormuz Should Not Be Militarized, Rubio Says

Secretary of State Marco Rubio said the U.S. and China agreed on the notion that the Strait of Hormuz should not be militarized as Iran seeks to control the key waterway amid the war.

International Business Times

Cuba Says It Has Run Out Of Oil And Diesel, Only Has 'Gas From Our Wells'

Cuban Energy Minister Vicente de la O Levy said the country has run out of oil and diesel and only has gas left.

International Business Times

Former Spirit Workers Sue The Defunct Company, Say They Are Still Owed Pay And Benefits

Former workers of Spirit Airlines are suing the company, saying they are still owed pay and benefits.

International Business Times

US Senate Panel Advances Crypto Regulation Push As Lawmakers Weigh Digital Asset Framework

A key U.S. Senate committee has moved forward with consideration of major cryptocurrency legislation aimed at defining regulatory authority over digital assets, marking another step in efforts to establish a federal framework for the sector.

International Business Times

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International Business Times

Interior Sec Burgum Mocked In Congress After Warning Solar Panels 'Produce Zero Electricity' When The Sun Goes Down

US Interior Secretary Doug Burgum faced criticism for ignoring battery storage during a congressional hearing, fuelling debate over US energy policy and solar reliability.

International Business Times

Tim Cook Made 533 Times More Than Apple Workers — But That's Over 10x Lower Than Some US CEOs

Apple CEO Tim Cook's 2025 compensation was $74.3 million, with a pay ratio of 533:1. Under his leadership, Apple's revenue soared to $461 billion, showcasing his effective management.

International Business Times

BOE Begins Gen 8.6 OLED Production This Month, Beating Rival Samsung Display to Market

China's BOE Technology Group has begun loading glass substrates into its Generation 8.6 OLED production line at the Chengdu B16 factory this month with Taiwanese laptop makers ASUS and Acer confirmed as the first customers.

International Business Times

Trump's Gold T1 Phone Is Finally 'Shipping This Week' — Problematic Fine Print Continue to Spark Concern

Trump Mobile's gold T1 Phone is finally ready for delivery after delays, but updated terms and conditions raise concerns about pricing and features. Explore the specifications and plans available.

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International Business Times

UAE Publicly Contradicts Netanyahu After Israel Claims Secret Wartime Meeting

The United Arab Emirates publicly denied reports that Benjamin Netanyahu secretly visited the country during the Iran war, directly contradicting a statement released hours earlier by the Israeli prime minister's office.

International Business Times

Trump, Xi Hold Extended Beijing Summit As Taiwan Warning Looms Over Trade Talks

Xi Jinping warned that tensions over Taiwan could trigger "clashes and even conflicts" while Donald Trump described the summit discussions as "extremely positive and productive."

International Business Times

ICE Agents Now Have Access to Data on 20 Million People Through Palantir System: Report

An ICE official recently said that the technology allows for investigative work that previously took hours to be completed in 10 to 15 minutes

International Business Times

Kitasato, Fuji Polymer develop air-stable iron catalyst for silicone curing

The technology enables silicone TIM production on existing platinum-catalyst lines and could support lower-cost materials with reduced rare-metal dependence.

International Business Times

U.S. College Graduates Are Entering a 'Low-Hire' Economy With Fewer Openings, Report Details

The national unemployment rate sits near 4.2%, but a new report describes a labor market that looks healthy from the outside but feels broken to many people trying to enter or reenter it.

International Business Times

Sam Altman Says Elon Musk Left OpenAI Nonprofit "For Dead" in Explosive Trial Testimony

Sam Altman defended himself against Musk's claim that he and other OpenAI leaders betrayed the artificial intelligence company's founding purpose by shifting it from a nonprofit research lab into a commercial powerhouse.

International Business Times

Low-Income US Neighbourhoods At Risk As Trump Rollback Allows Release Of Eight Tons Of Cancer-Causing Ethylene Oxide

The Trump administration's move to reduce protections targeting toxic ethylene oxide is seen as undermining the EPA's regulatory authority. A report claims companies are being granted exemptions from toxic gas rules.

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