BP Plans Major Workforce Reduction Amid Restructuring Drive
BP is planning to cut around 700 positions from its non-frontline global workforce as part of a broader effort to streamline operations and improve profitability, according to an internal email reviewed by Reuters. The...
Germany Urges Europe to Accelerate AI Self-Reliance After Security Breach
Germany’s Digital Minister Karsten Wildberger has called on Europe to speed up the development of its own artificial intelligence industry following an OpenAI security test in which an AI agent reportedly breached another system....
Democrats Urge Revival of Harriet Tubman $20 Bill Plan
A group of Democratic senators has urged the Trump administration to revive plans to feature anti-slavery activist Harriet Tubman on the U.S. $20 bill after Treasury Secretary Scott Bessent said the department was no...
Oscar-Winning Musician Glen Hansard Dies in Motorcycle Crash at 56
Irish singer-songwriter and actor Glen Hansard, best known for winning the 2008 Academy Award for Best Original Song for Falling Slowly from the film Once, has died in a motorcycle accident in Dublin at...
Illinois Tool Works Raises 2026 Profit Outlook After Strong Q2
Illinois Tool Works (ITW) raised its full-year 2026 profit forecast after reporting stronger-than-expected second-quarter earnings, driven by robust demand for its welding, industrial testing, and specialty chemicals businesses. The company’s shares climbed more than...
GSK to Invest £400 Million in UK R&D Expansion
British pharmaceutical company GSK announced a £400 million investment over the next three years to strengthen its UK operations, including relocating its research and development activities to a new Cambridge facility. The move is...
Boeing Posts Bigger Q2 Loss Despite Positive Cash Flow
Boeing reported a larger-than-expected loss for the second quarter after taking a $280 million charge tied to its delayed Air Force One replacement program. The company posted a net loss of $428 million, with...
Google Faces Up to $10 Billion in EU Lawsuits
Google is facing a fresh legal challenge in Europe as a series of private lawsuits seeking up to $10 billion in damages gather momentum following its first loss under the European Union’s Digital Markets...
Sports Betting Industry Election Spending Tops $72 Million in U.S. Midterms
The U.S. online sports betting industry has spent at least $72 million on the 2026 midterm elections, making it the third-largest corporate political donor behind the cryptocurrency and technology sectors. Major betting companies including...
Warren Opposes AI Secrecy Push in USMCA Trade Talks
Democratic Senator Elizabeth Warren has urged the Trump administration to reject efforts by major artificial intelligence companies to weaken transparency requirements in the U.S.-Mexico-Canada Agreement (USMCA). In a letter to U.S. Trade Representative Jamieson...