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The Latest Breaking News from International Business Times

Trump IRS Settlement Creates $1.776 Billion Fund for 'Weaponization' Claims

The Trump administration announced Monday the creation of a $1.776 billion Justice Department fund to compensate people who claim they were unfairly targeted by the Biden administration.

International Business Times

Federal Court Dismisses Elon Musk's Lawsuit Against OpenAI, Sam Altman As Jury Says He Took To Long To File Suit

A federal court on Monday dismissed the lawsuit Elon Musk filed against OpenAI and its leadership, saying he took too long to do so.

International Business Times

Cuba's Díaz-Canel Warns U.S. Threats Could Trigger 'A Bloodbath With Incalculable Consequences' After Drones Report

The Cuban president added that "Cuba poses no threat, nor does it have aggressive plans or intentions against any country"

International Business Times

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President Claudia Sheinbaum Says Trump Has Not Told Her Directly That Drug Cartels Control Mexico

Last week, the two heads of state held what Sheinbaum described as a "cordial and excellent conversation" by phone, during which Mexico reaffirmed ongoing efforts to improve security and advance trade talks.

International Business Times

EU To Downgrade Growth Forecast Due To 'Stagflationary Shock' From Iran War

The European Union will cut its growth forecast as a result of the "stagflationary shock" from the Iran war, its economy commissioner said.

International Business Times

Charles Riva on Art as Strategy, Intuition, and the Long View of Meaningful Investment

Growing up with a painter as a mother and an architect as a father, Riva developed an early sensitivity to composition, space, and expression.

International Business Times

How K. Zachary Haslem Rebuilt His Game from the Ground Up and Rewrote Golf Instruction Along the Way

K. Zachary Haslem continues refining his own swing and the instructional philosophy he believes can help golfers see the game differently, and in that pursuit, he has turned golf into a canvas for personal discovery.

International Business Times

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Iran's Response To U.S. Proposal To End The War Likely Insufficient, U.S. Official Says

Iran's response to the U.S.'s proposal to end the war is likely insufficient for a deal, according to a senior U.S. official.

International Business Times

Redefining Lawn Care for Modern Life: Jackson Madnick on Efficiency, Health, and Sustainability

According to Jackson Madnick, founder and CEO of Pearl's Premium Grass, the modern lawn represents one of the most overlooked inefficiencies in everyday life, consuming vast amounts of time, money, water, and other environmental resources while introducing avoidable health risks.

International Business Times

As the 2026 Hurricane Season Approaches, National Floors Direct Explores the Rise of Storm-Resilient Flooring Options

With NOAA set to release its 2026 outlook on May 21 and preseason forecasts pointing to between 12 and 20 named storms, U.S. households in hurricane-prone markets are increasingly factoring waterproof and resilient flooring into their pre-season preparedness plans.

International Business Times

The Gaps in Legal Oversight: Walkers and the Failures at the Heart of the Port Fund Dispute

The Port Fund was an investment vehicle registered in the Cayman Islands. Walkers' Cayman firm was engaged by The Port Fund, which counted among its investors the state-owned Kuwait Ports Authority (KPA) and Public Institution for Social Security (PIFSS).

International Business Times

NextEra to Acquire Dominion In $66.8 Bn All-Stock Deal As AI-Driven Power Demand Reshapes U.S. Utilities

NextEra Energy has agreed to acquire Dominion Energy in an all-stock transaction valued at about $66.8 billion, a deal that would create the world's largest regulated electric utility by market value as electricity demand climbs sharply across the United States.

International Business Times

Moscow Signals Return To Ukraine Peace Talks After Massive Drone Barrage

The Kremlin said Monday that the Ukraine peace process is currently on pause but insisted negotiations are expected to resume.

International Business Times

China Agrees To Buy Billions Worth Of U.S. Agricultural Products, Trump Admin Says

China will purchase billions worth of U.S. agricultural products through 2028 under an agreement announced by the Trump administration.

International Business Times

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International Business Times

China Retail Sales Sink To Weakest Growth Since 2022

Retail sales rose just 0.2% from a year earlier in April, the weakest increase since December 2022, according to data from China's National Bureau of Statistics.

International Business Times

McKinsey Says AI Is Compressing 9-Month Product Cycles Into 2 Weeks. Most Companies Aren't Ready.

At CES, McKinsey showed a version of the future that had nothing to do with investing directly, but everything to do with how to build towards wealth.

International Business Times

The Iran War Has Cost Global Companies At Least $25 Billion, Report Shows

Reuters reported Monday that at least 279 publicly listed companies in the United States, Europe, and Asia have cited the war as a reason for defensive financial moves.

International Business Times

Vietnam's Nutifood Secures U.S. Patent, Marks Push into American Market

Nutifood is accelerating its U.S. expansion after securing a USPTO patent for its proprietary nutrition formula and launching a premium A2 dairy brand aimed at the growing American wellness market.

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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

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.

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