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The Latest Breaking News from International Business Times

'$200 Billion in Lost Market Cap': Alphabet Stock Rocked by Brutal AI Brain Drain and DeepMind Rumours

Alphabet's shares fell as key AI researchers left to form Discovery Loop, a new AI venture. Despite the departures, Google remains a founding investor, maintaining ties with the new company.

International Business Times

US Sanctions Threat: Behind Iran's Fresh Rallying Cry Against 'Same Bull'

Iran is trying to rally international opinion against what it sees as the perceived discriminatory tariffs and sanctions regime, backed to the hilt by the Trump administration, as a tool to spur a rallying cry against US actions globally. Tehran hopes that such a step would, in effect, put the…

International Business Times

Katy Perry and Justin Trudeau's Luxury Trips Are Funded by Canadian Taxpayers, New Report Suggests

A new Canadian report raises questions over whether taxpayers are funding Justin Trudeau's RCMP security as he travels on luxury trips with pop star Katy Perry.

International Business Times

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US, Canada Tariff Row Escalates. The Political Fallout May Be Bigger Than Economic Impact.

The retaliatory move announced by Canada is seen as escalating the trade war between the two countries. It has also cast doubts on the future of a North American trade pact between the US, Canada, and Mexico, seen as a vital for the industry in all three countries.

International Business Times

Apple's AI Pivot Leads to 200+ Job Cuts: Siri and Vision Pro Teams Hit by Restructuring

Apple has laid off over 200 employees from its Siri and Vision Pro teams as part of a strategic shift towards AI advancements, affecting immersive video and gaming roles.

International Business Times

Why Bitcoin Suddenly Exploded to $78K: The Treasury Just Blinked

Bitcoin is trading near $78,000 on August 21 after one of the most violent rallies of the year: up roughly 18% in 48 hours and 24% on the week.

International Business Times

Markets Have Often Moved After Trump's Social Media Posts. A Study Suggests That is Fading.

Oil analyst Ben Cahill told Axios that initially markets "overreacted" to Trump posts. After the first few weeks, that began to change.

International Business Times

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Could GLP-1 Drugs Slow Aging? A New Trial Is Putting the Theory to the Test

Researchers are beginning clinical trials aimed at determining whether drugs such as tirzepatide and semaglutide can influence some of the biological processes associated with getting older.

International Business Times

Stocks Rebound After Sell-Off Driven By Rising Yields But End The Week In The Red

Bitcoin was the asset that overperformed this week, jumping more than 20%.

International Business Times

Former SpaceX Engineers Are Reviving a Forgotten Nuclear Project. AI Data Centers Could Be the Customers.

Nuclear startup Applied Atomics is working with BWXT to revive mPower, a small modular reactor project that was abandoned in 2017 after years of development to power AI data centers.

International Business Times

New York Just Beat San Francisco in Tech Talent Attraction. Wall Street and AI Are Fueling the Rise.

New York now has 394,300 tech talent jobs, surpassing the San Francisco Bay Area's 375,730, according to a new report.

International Business Times

The U.S. Debt Just Crossed $40 Trillion. Here's Where Americans Could Feel It First.

Americans are not personally responsible for paying off the national debt, but the real concern is what happens as Washington continues borrowing and must devote an increasing share of federal revenue to interest.

International Business Times

Concerns Mount About The Global Food Supply. Farmers Face Rising Challenges Driven By Wars And Weather.

Ongoing wars have restricted shipping lanes and driven up fertilizer costs.

International Business Times

Woman Detained For Allegedly Planning To Bomb New York Capitol. She Had Sworn Allegiance To ISIS.

Federal authorities say a 35-year-old woman planned to blow up the New York State Capitol building in Albany in support of ISIS.

International Business Times

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International Business Times

Canon PowerShot V1 Hands-On Review: A Compact Creator Camera

The Canon PowerShot V1 combines excellent 4K video, good stabilization and creator-friendly controls in a compact body. Here's how it compares with using a phone.

International Business Times

Citadel Has Unwound Most Of The Risk From The Situational Awareness Portfolio It Bought At Discounted Prices: Report

Situational Awareness was forced to sell all of its public stock positions after seeing steep losses.

International Business Times

After the Storm That Erased It, One Caribbean Island Chose to Rebuild Bigger

For a small Caribbean nation of fewer than 70,000 people, the storm was the kind of event that often ends a development story before it begins, sending a country into years of patching back toward whatever existed before.

International Business Times

Gold Keeps Climbing Over Concerns About U.S. Debt Levels. UBS Says It Has Plenty Of Room To Run.

Gold is on track to end the week with a 5% gain amid concerns over U.S. debt levels.

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International Business Times

U.S. Military Says It Has Helped Transport Hundreds Of Millions Of Barrels Of Oil Despite Iran's Blockade

A Central Command spokesperson said "multiple routes remain free and open for commercial transit."

International Business Times

Top Iranian Official Appears To Acknowledge The Impact Of U.S. Economic Pressure: 'No Matter How Much Military Power We Have'

"If people are hungry and we don't have financial circulation, economic growth and domestic production, we will not endure," said Parliament Speaker Mohammed Ghalibaf.

International Business Times

Goldman Sachs Says Hedge Funds Had Their Worst Underperformed Against The S&P 500 In More Than 20 Years

The bank called it "one of the sharpest hedge fund de-grossing episodes of the past decade."

International Business Times

Dubai culture isn't an oxymoron – it's why people are staying

Dubai has evolved from a global business hub into a place where culture, education, creativity, and community help families build a lasting future.

International Business Times

The Meta Trial Could Lead To Substantial Changes To Social Media Platforms. Here's How.

A new report claims that a landmark trial against Meta could end up with substantial changes to the way social media platforms are structured.

International Business Times

Bitcoin Keeps Soaring, Reaching Its Highest Level In Months As Blistering Rally Continues

Bitcoin topped $79,000 on Friday before pairing gains. It has climbed more than 20% so far this week.

International Business Times

Treasury's Accelerated Buybacks Of Bonds Only Kick The Issue Down The Road, Top JPMorgan Analyst Says

"It's a little bit like paying your mortgage with your credit card," said James Sullivan, JPMorgan's co-head of global fundamental research.

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Mohammad Bagher Qalibaf

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