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The Latest Breaking News from International Business Times

US Layoffs Skyrocket to Highest Level Since Pandemic as Tech Giants Blame AI for 40% of Cuts

US layoffs reached their highest May level since 2020, with AI cited in 40% of cases. The trend raises questions about AI's true impact on the labour market.

International Business Times

The Cure for AI Hallucinations Isn't a Bigger Model, It's Fresher Data

Oxylabs explores how fresh web data infrastructure helps AI systems reduce hallucinations and deliver accurate real-world answers.

International Business Times

Angry Backlash Erupts as JD Vance is Accused of Using Pope Leo XIV for Political Gain

JD Vance faces backlash after claiming he spoke with Pope Leo XIV, as Vatican-linked sources say there is no record of a call and critics accuse him of exploiting the Pope for politics.

International Business Times

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Thaw In US-Anthropic Standoff: After Mythos, Fable 5 Reactivation On The Cards

The developments are seen as a major progress in the negotiations between Anthropic and the US administration following a two-week stand-off triggered by a directive to end access to its artificial intelligence models to foreigners.The US could end the administration's curbs on Fable 5 by next week.

International Business Times

Newsom Accused Of Massive Hypocrisy For Demanding National Billionaires Tax While Actively Fighting One at Home

Gavin Newsom proposes a national billionaire tax while opposing a similar state measure, sparking accusations of hypocrisy as he eyes a 2028 presidential run.

International Business Times

Iran Strikes Again As Tensions Resurface In Middle East

Iran launched fresh strikes in the Strait of Hormuz on Saturday as tensions escalated again in the Middle East threatening a fragile ceasefire agreement reached between Washington and Tehran earlier this month.

International Business Times

The World Cup Brings Scams Like Phishing Back To The Centerstage

From January to May 2026, more than 13,000 new FIFA World Cup 2026-themed domains were registered with 8.8% of them marked as malicious.

International Business Times

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The Updated Eight-Team List: Who Survives World Cup 2026's Third-Place Scramble

Sweden, Bosnia, Ecuador and Paraguay clinch World Cup 2026's third-place spots while Scotland and DR Congo sweat the final group-stage whistles.

International Business Times

SpaceX's Active Docking On Nasdaq 100 May Spur $4.3 Billion Passive Bounty

Stocks included in the Nasdaq 100 index get a boost, as exchange-traded funds buy shares of the newly included firms as they seek to replicate the index's performance. J.P. Morgan has reportedly estimated that the entry of SpaceX in the Nasdaq 100 may likely infuse $4.3 billion in passive inflows.

International Business Times

GameStop CEO Ryan Cohen Withdraws $35 Billion Pay Package as He Intensifies Push for eBay Acquisition

GameStop Chief Executive Ryan Cohen has withdrawn a proposed performance-based compensation package that could have been worth more than $35 billion, saying he wants management focused on the retailer's operations and its efforts to acquire eBay.

International Business Times

The Russia-Ukraine War Is a Test Case for the Future of Military Communications

Ukraine's military now relies on an estimated 100,000 satellite internet terminals, making it one of the world's largest wartime users of low-Earth-orbit (LEO) communications systems.

International Business Times

Chinese Open-Weight AI Model Raises Cybersecurity Worries Over Advanced Capabilities

A new Chinese artificial intelligence model is raising cybersecurity fears.

International Business Times

Gambling Disorder Has Risen In States That Have Legalized The Practice, Study Shows

Gambling disorders have been on the rise across the U.S., according to a new study.

International Business Times

Trump Accuses Iran of 'Foolish Violation' of Ceasefire After Drone Strike on Cargo Ship in Strait of Hormuz

President Donald Trump on Friday accused Iran of committing what he called a "foolish violation" of a recently reached ceasefire agreement after Tehran allegedly launched four one-way attack drones at commercial vessels transiting the Strait of Hormuz.

International Business Times

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International Business Times

Stocks Edge Down As Nasdaq Posts Fifth Loss In a Row

Stocks edged down on Friday, but the tech-heavy Nasdaq Composite fell for the fifth session in a row after a slight drop.

International Business Times

The Hidden Risk Facing Family Businesses and Why Collaboration May Be the Key to Preserving Independence

Howard Brodsky explains how family businesses can scale through collaboration, cooperatives, shared resources, and AI-driven innovation.

International Business Times

Venezuelans Reel From Devastating Twin Earthquakes: 'A Sound I'd Never Heard Before'

With rescue operations underway, thousands are sleeping in the streets following Venezuela's twin earthquakes.

International Business Times

John Bolton Pleads Guilty in Classified Information Case, Agrees to Multi-Million Dollar Penalty

Former National Security Adviser John Bolton pleaded guilty Friday to a felony charge of illegally retaining classified information.

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International Business Times

Bitcoin ETFs Post Record $6.4 Billion Outflows As BTC Slides To 2024 Lows

U.S. spot bitcoin ETFs have recorded their largest monthly withdrawal streak since launch as risk-off sentiment spreads across crypto markets and broader macro conditions remain tight.

International Business Times

China's AI Surge Is Testing America's Strategy to Win the Global Tech Race: Report

If Chinese AI models are widely available, inexpensive, and easy to deploy, they could become the preferred choice for governments and businesses worldwide, leaping over the U.S., according to a new report.

International Business Times

Dr. JJ Peterson Spent Decades Borrowing Other People's Voices. Now He Teaches Leaders How to Find Their Own.

The Vanderbilt professor and Wall Street Journal bestselling author built his career inside other people's frameworks before he ever trusted his own. What he learned in the process is now shaping how the next generation of founders, authors, and brands build something that sounds unmistakably like themselves.

International Business Times

Justin Nardone Leading Figur into a new Era

Founder Justin Nardone is relaunching Figur as an independent advanced manufacturing company built around precision, creative freedom, and a more practical future for sheet metal forming.

International Business Times

Liz Marchi And The Courage To Finish Strong

At 72, the Montana investor, venture capital leader, and advocate for women and wealth is reframing age as a season of authority, not retreat.

International Business Times

Sonia Spirling and the Institutional Logic Behind a New Era of Retail Trading Discipline

Sonia Spirling, CFA, a neuroscience-trained finance professional and a CAIA charter member, identifies a fundamental mismatch between how markets are designed and how they are experienced.

International Business Times

Why Medical Care Alone Cannot Solve Every Family Crisis and How Mother's Grace Helps Fill an Often Overlooked Gap

When a family is suddenly confronted with cancer, a traumatic diagnosis, the loss of a child, or natural disasters, everyday financial obligations continue without interruption.

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