Author: Grace Johnson

OpenAI has completed its transformation into a for-profit company. The move aims to attract billions in investment and could open the path to a stock market debut. A new chapter in the Microsoft partnership As part of the shift, OpenAI and Microsoft announced an update to their long-running partnership. Microsoft now holds a 27% stake in the ChatGPT developer. The agreement reshapes a relationship that began in 2019, when OpenAI was still a non-profit AI research group. Under the new terms, Microsoft can now develop artificial general intelligence (AGI) independently or with other partners. AGI is often described as a…

Amazon is preparing a sweeping round of job cuts among its office employees, according to multiple media reports. The reductions could begin as early as this week. Both The Wall Street Journal and Reuters report that the tech giant plans to lay off as many as 30,000 corporate workers. The cuts are part of a cost-saving initiative led by chief executive Andy Jassy. When contacted by international media, Amazon declined to comment on the reports. One of the biggest job cuts in recent months If confirmed, the move would mark one of the largest layoffs seen in recent months. It…

It was almost a perfect day for Real Madrid. Xabi Alonso’s team beat Barcelona 2-1 in El Clasico and pulled five points clear at the top of La Liga. Jude Bellingham ended his drought with his first league goal and assist of the season after recovering from shoulder surgery. Kylian Mbappé continued his lethal form in front of goal. Alonso’s tactics in his first Clasico as coach worked perfectly. But once again, tension surrounded Vinicius Jr. Unhappy with being substituted in the 72nd minute, the Brazilian winger ranted while walking past Alonso and disappeared down the tunnel. Minutes later, he…

The Social Security Administration has announced a 2.8% increase in benefits for 2026. This adjustment will give retirees an average monthly boost of more than $56, helping them keep up with rising living costs. The cost-of-living adjustment (COLA) is designed to offset inflation and ensure that Social Security recipients maintain their purchasing power. With prices for goods and services rising over the past year, the increase provides financial relief to millions of Americans relying on Social Security for their basic needs. Officials say the adjustment reflects changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers, which…

Mortgage rates in the United States have fallen to their lowest levels in more than a year, offering potential relief for homebuyers and stimulating demand in the housing market. The decline comes amid ongoing economic uncertainty, providing an opportunity for more Americans to enter the housing market. Experts say lower mortgage rates reduce monthly payments and make homeownership more affordable for first-time buyers and those looking to refinance. Even modest drops in rates can translate into significant savings over the life of a loan, increasing purchasing power for many households. The recent decline reflects shifts in broader financial markets, including…

US President Donald Trump announced higher tariffs on Canadian goods after Ontario aired an anti-tariff advertisement featuring former US President Ronald Reagan. Trump called the advert a “fraud” and accused Canadian officials of refusing to remove it before the World Series baseball championship. “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” he wrote on social media on Saturday. Trade tensions rise sharply between Washington and Ottawa Trump had already withdrawn from trade talks with Canada on Thursday. Ontario Premier Doug…

Beef prices in the United States have climbed so high that the issue has turned political. Even Donald Trump, who once declared inflation “dead,” now speaks about it as it threatens his promise to lower grocery costs for Americans. This week, he urged ranchers on social media to cut cattle prices. But his appeal and other proposed solutions have stirred anger among ranchers, who fear these plans could damage their livelihoods without reducing prices for shoppers. Shrinking herds drive up costs The number of beef cattle farmers in the US has fallen steadily since 1980. Domestic supplies have dropped while…

US President Donald Trump will meet Chinese leader Xi Jinping in South Korea on 30 October. The White House confirmed the bilateral meeting, which will take place on the sidelines of an Asian summit. Both governments had planned the encounter for weeks, though it seemed uncertain as tensions between Washington and Beijing kept escalating. It will mark their first in-person meeting since Trump returned to office. Trump recently warned that he would double tariffs on Chinese goods in November if Beijing does not ease restrictions on rare earth exports. White House confirms high-stakes meeting During a Thursday briefing, White House…

Tesla’s latest financial results reveal a sharp contrast between rising sales and shrinking profits. The electric car maker recorded its highest-ever quarterly revenue, driven by a rush of US buyers eager to secure a federal tax credit before it expired. Record-breaking revenue, but profits tumble For the three months ending in September, Tesla reported revenue of $28 billion (£21 billion), a 12% increase compared to last year. Yet profits for the same period dropped by 37%. The decline partly stems from higher costs related to tariffs and expanding research efforts. Investors reacted swiftly. Tesla shares fell by nearly 3.8% in…

Donald Trump said he did not want a “wasted meeting” after plans for direct talks with Russian President Vladimir Putin on the war in Ukraine were postponed. Speaking at the White House on Tuesday, the US president made clear that Moscow’s refusal to halt fighting along the current front line remained a key obstacle. White House shelves summit plans A White House official confirmed that there were “no plans” for a Trump-Putin meeting “in the immediate future.” This came just days after Trump announced that the two leaders would meet in Budapest within two weeks. Differences between Washington and Moscow…