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The Latest Breaking News from International Business Times

Iran's New Supreme Leader Missed His Father's Funeral. Reports Say It Could Be Due To Assassination Fears Or Not Show His Wounds

Three sons of the Iranian leader Ayatollah Ali Khamenei prayed next to his coffin Sunday, but the son who was anointed as his successor, Mojtaba, was absent.

International Business Times

The Agreement To Rebuild Gaza Is Stalled. Hamas Says It Dissolved Its Government To Move It Forward.

Hamas announced it's dissolving its government in Gaza and is ready to give the power to a technocratic committee meant to lead under the agreement backed by the Board of Peace.

International Business Times

The Next Innovation Divide Will Be Institutional

Research by PhD economist Oleksandr Likhota on U.S. innovation governance offers a clearer explanation for why some economies convert technology into a strategic advantage while others struggle to scale it.

International Business Times

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Iran Has Millions of Barrels to Sell. But Doing So Could Be Much Harder Than Expected

Though sanctions on Iranian oil exports have been waived as part of the ceasefire deal with the U.S., Tehran could face not having any interested buyers.

International Business Times

Russian Banks Are Facing Most Of The War's Cost. A New Intelligence Report Says It Could Have 'Explosive' Consequences

Russia could face an "explosive" banking crisis because lenders have to take on a significant part of the country's war economy, according to a new report.

International Business Times

Nvidia's Next AI Rack Hit A Manufacturing Snag. The Company's Fastest Product Cycle Just Slowed Down.

Nvidia's next-generation Kyber NVL144 rack-scale AI system has reportedly been delayed by more than a year after manufacturing challenges emerged with a critical component.

International Business Times

Microsoft Sheds More Than 2% Of Its Staff As Xbox Division Undergoes Major Reorganization

Microsoft announced its laying off more than 2% of its workforce, which is largely affecting the Xbox division.

International Business Times

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Ukraine Is Reportedly Running Short On Air Defenses: A New Russian Attack Wreaked Havoc In Kyiv.

A new Russian attack against the Kyiv region in Ukraine has killed at least 12 people as Ukraine runs low on U.S.-made interceptors.

International Business Times

Wall Street Wants To Trade AI Compute Like Oil. Is The AI Boom Creating Finance's Next Big Market?

Financial firms are expanding efforts to create standardized markets for AI computing power, bringing commodity-style trading tools to one of the fastest-growing sectors in technology.

International Business Times

Trump Has Accused Oil Companies Of 'Gauging' Consumers. South Korean Prosecutors Have Done Exactly That.

Four major oil refiners in South Korea have been indicted over alleged price collusion.

International Business Times

Trump Reportedly Called FIFA To Help Overturn The Suspension Of The U.S.'s Key Striker. It Sparked a Geopolitical Firestorm.

President Donald Trump reportedly called FIFA President Gianni Infantino to make the case that the red card suspension against the U.S.'s top striker, Folarin Balogun, should be overturned.

International Business Times

Ukrainian Drone Strikes Keep Hitting Russian Energy Infrastructure. Moscow Is Increasingly Feeling The Pain.

Ukrainian drone strikes are increasingly targeting Russia's oil refineries and storage facilities, disrupting fuel production and distribution, and creating economic challenges for Moscow amid ongoing conflict.

International Business Times

Nasdaq Rewrote Its Rules for SpaceX; Now $4.3B in Passive Buying Forces Index Funds' Hands

SpaceX Nasdaq-100 inclusion triggered $4.3 billion in forced buying from QQQ index funds as Nasdaq's new fast-entry rule added SPCX after just 15 trading days — millions of 401(k) and IRA holders are now automatic SpaceX shareholders, with the August 6 lockup expiry and first earnings report as the real…

International Business Times

Meta Wanted To Test Chatbots, So An Army Of Contractors Posed As 13-Year-Olds To Talk about Suicide And Racism

Meta hired a team of contractors to probe competitor chatbots to see how they would respond to prompts from children that involved sex, suicide, racism, and eating disorders, according to a report.

International Business Times

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International Business Times

S&P 500 Stumbled in June, but Wall Street Charts Still Point to More Gains

The S&P 500 posted its first monthly decline since March, ending a powerful stretch that had lifted equities to record highs, but still delivered a gain of more than 14% during the second quarter.

International Business Times

Build Production-Ready Solutions for Top Tech Leaders at AITEX Summit Summer 2026

To give developers, engineers, designers, data scientists, and technical leaders a direct platform for building these functional systems, the virtual AITEX Summit Summer 2026 will host its global hackathon from August 30 to August 31, 2026.

International Business Times

Why Prince William and Princess Kate Met Taylor Swift and Travis Kelce Before Their Wedding | Explained

Taylor Swift and Travis Kelce met Prince William and Princess Kate in a private meeting before their wedding, highlighting a unique celebrity crossover and sparking public interest.

International Business Times

Khamenei Funeral Puts Iran-US Talks On Hold. Hormuz, Nuclear Program Hold Key To Peace

Slain supreme leader Ayatollah Ali Khamenei funeral has put in abeyance peace talks with the US to find a resolution to the Middle East conflict. Iran is also seen as increasingly pushing back on US demands in the negotiations.

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International Business Times

Elon Musk's 'Chainsaw for Bureaucracy' Just Left an $11 Billion Budget Hole as Trump Rehires Staff

Elon Musk's dramatic cost‑cutting experiment in Donald Trump's second term has ended with the shutdown of the Department of Government Efficiency and an $11 billion hole in the US budget.

International Business Times

Peter Thiel Accuses Pope Leo XIV of Acting as a 'Chinese Communist Agent' Over AI Rules

Peter Thiel accused Pope Leo XIV of acting as a 'Chinese communist agent' over AI regulation, sparking a heated debate at the Aspen Ideas Festival about the geopolitical implications of AI policies.

International Business Times

OPEC+ Raises Output Target For August. Smooth Sailing Seen For Oil Price Trajectory

OPEC+ has agreed to a provide a significant boost to oil output by raising targets from August aimed to further add to global oil supplies after the Middle East conflict spurred prices to as high as $120 a barrel.

International Business Times

SpaceX AI Phone Rumours Explained: Report Claims Investors Were Shown a Slim Prototype After Elon Musk's Denial

SpaceX has quietly shown investors a slim AI phone prototype, months after Elon Musk publicly denied any phone plans, raising fresh questions over his wider tech ambitions.

International Business Times

Dabbling Peace, Trump Dials Putin, Zelensky: Post Iran, US May Be Shifting Focus To Ukraine

US President Donald Trump has offered help to find a solution to end the Ukraine war during a 90-minute telephonic conversation with Putin. Trump's telephone call on Saturday came ahead of the NATO summit in Ankara on July 7-8.Trump also called Ukraine President Volodymyr Zelensky on Saturday.

International Business Times

Taylor Swift Prenup Explained: How Scott Swift Protected Her $2b Fortune as Reports Say Travis Kelce Agreed

Taylor Swift's 'ironclad' prenup, driven by her father Scott, protects her $2bn empire as Travis Kelce reportedly signs without objection ahead of their New York wedding.

International Business Times

Why Your Electric Car Loses Range in a Heat Wave, Too

New data shows extreme heat quietly saps EV range and efficiency — smaller than winter's hit, but real, and rarely tested above 95°F.

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