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The Latest Breaking News from International Business Times

UAE Quits OPEC Effective May 1: 10 Key Facts on Shocking Exit

The United Arab Emirates announced Tuesday it will leave both OPEC and the broader OPEC+ alliance effective May 1, delivering a major blow to the oil producers' group and its de facto leader Saudi Arabia amid the ongoing Iran conflict that has severely disrupted Gulf energy exports.

International Business Times

Bill Ackman Puts 30% Of His Portfolio In Two AI Stocks With Up To 100% Upside — Should You Invest?

Bill Ackman invests 30% of his portfolio in Meta and Uber, betting on their AI potential. Analysts predict significant upside for both stocks, driven by AI advancements.

International Business Times

Startup Says AI Agent Went Rogue, Deleted Database, and Broke Live Systems for 30+ Hours

A startup claims an AI coding agent deleted its production database in seconds, causing a 30-hour outage and raising serious concerns over AI autonomy.

International Business Times

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War With U.S. And Israel Pushes Millions Of Iranians Toward Unemployment As Economy Tanks

While sanctions and inflation already battered the Iranian economy before the war with the United States and Israel, the conflict has pushed millions of Iranians closer to unemployment and poverty, according to a new report.

International Business Times

39-Year-Old Turned $90K Debt Into $2M Hair Clip Business — Refuses To Pass Tariff Costs To Customers

San Francisco artist Jenny Lennick had closed her shop $90,000 in debt. Her food-themed hair clip brand Jenny Lemons now brings in $2 million a year.

International Business Times

US Petrol Prices Hit Four-Year High? Reports Claim Gridlock Over Reopening of Strait of Hormuz Sent Cost to $4.18 a Gallon

US petrol prices have surged to a four-year high due to geopolitical tensions over the Strait of Hormuz, affecting global oil supply and consumer costs.

International Business Times

Bitcoin Slides Below $76,000 As Traders Pull Back Before Federal Reserve Decision

Cryptocurrency markets moved lower on Tuesday as traders reduced exposure ahead of the Federal Reserve's upcoming policy decision.

International Business Times

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The Pittsburgh-Based Salon Transforming What Beauty Support Really Looks Like

A full-service boutique salon offering everything from precision cuts and color to Brazilian blow-outs, head spa treatments, hair extensions, and waxing, Salon Iaomo functions as a craft-driven studio and something considerably more purpose-driven.

International Business Times

Amazon Reportedly Set To Sell OpenAI Products After Microsoft Loses Exclusivity

Amazon is set to begin selling OpenAI products after Microsoft lost its exclusivity with the company, according to a new report.

International Business Times

Paul Pavliscak Shares Easy and Delicious Cooking Tips to Elevate Your Meals at Home

Preparing meals in your own kitchen not only lets you control nutrition and portion sizes but also becomes an act of creativity and relaxation.

International Business Times

The Bahamas Financial Pivot: From Offshore Haven to Digital Hub

IMF research has estimated that automatic exchange agreements reduced cross-border deposits in offshore centres by between sixteen and thirty-three per cent.

International Business Times

Inside In-Place Machining Company: The High-Stakes Engineering Keeping Critical Infrastructure Running

A central part of In-Place Machining Company's model is the breadth of service solutions coupled with leading industry technical acuity. In addition to precision field-based and shop machining, the business also provides innovative dimensional metrology and engineering support.

International Business Times

Built on the Road, Proven in the Shop: Randy Shephard and 52 Years of Diesel Integrity

Headquartered in Missouri, TBC Truck has been a fixture of the commercial trucking industry for the last five decades.

International Business Times

Trump Administration Moves To Replace Struck-Down Tariffs With New Import Tax System

The Trump administration has begun a new phase of trade enforcement efforts aimed at establishing longer-lasting import taxes after the Supreme Court ruled that its use of emergency powers to impose broad tariffs went beyond legal authority.

International Business Times

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International Business Times

Court Clears Way For Texas State Police To Arrest Undocumented Migrants

An appellate court has ruled in favor of a 2023 Texas law allowing state police to arrest undocumented migrants

International Business Times

CEO Age At Appointment Is Rising Sharply As Firms Shift Toward Experience-Heavy Leadership, Study Finds

A new working paper from the National Bureau of Economic Research (NBER) has found that chief executives in corporate America are being appointed at significantly older ages than in previous decades.

International Business Times

Mexican Authorities Capture Jalisco Cartel Leader For Whom U.S. Was Offering Millions In Reward

Mexican authorities say they have captured one of the leaders of the Jalisco New Generation Cartel (CJNG).

International Business Times

Ryanair CEO Says European Airlines Will Fail If Jet Fuel Prices Remain Sky-High This Summer

Ryanair CEO Michael O'Leary said European airlines will fail if the price of jet fuel remains at current levels.

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International Business Times

Low-Fare Airlines Seek Federal Bailout As Iran War Spikes Jet Fuel Prices: Report

Low-fare airlines are being hit hard by jet fuel prices driven higher by the Iran war. They are now seeking a government bailout.

International Business Times

Ukraine's Zelensky Accuses Israel Of Allowing 'Stolen' Grain, FM Says Kyiv Not Providing Evidence

Ukrainian President Volodymyr Zelensky has accused Israel of allowing a ship carrying what he described as a stolen grain cargo to dock in one of its ports.

International Business Times

Fed Expected To Keep Rates Unchanged Ahead Of Potential Leadership Change

The Federal Reserve is expected to keep interest rates unchanged after its meeting end on Wednesday, according to a new report.

International Business Times

Cost Of Living Still Americans' Top Worry; More Than Half Say Finances Are Getting Worse: Poll

Americans continue to grapple with persistent cost pressures, with a new survey showing that affordability remains the single biggest financial concern for households across the country.

International Business Times

Brent Crude Tops $110 a Barrel As Talks Between The U.S. And Iran Continue To Be Deadlocked

The price of Brent crude topped $111 on Tuesday as talks between the U.S. and Iran continue at a standstill.

International Business Times

UAE Announces It Will Leave OPEC As Of Next Month Amid Cool Relations With Other Members

The United Arab Emirates announced it will leave the OPEC cartel and the wider OPEC+ group as of next month amid cooler relations with other members, particularly Saudi Arabia.

International Business Times

Iran Has Less Than a Month Of Oil Storage As U.S. Blockade Of Its Ports Continue: Report

Iran has less than a month of oil storage as the U.S. continues to block its ports during the war, an intelligence firm said.

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