Business News

Pope decries the rise of AI-directed warfare, saying it leads to a spiral of annihilation

Pope Leo XIV has denounced investments in AI and high-tech weaponry, warning they lead to a “spiral of annihilation.”

US filings for jobless benefits hits 211,000 as the war in Iran drags on, clouding economic forecast

The number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the war in Iran

Retail sales rose 0.5% in April from March as the rising price of gas leaves less money for nonessential items

US filings for jobless benefits up to 211,000 last week as the war in Iran drags on, clouding economic forecasts

Trump invites Chinese President Xi Jinping for a Sept. 24 visit at the White House

BRICS foreign ministers meet in India as Iran war, oil prices and divisions test the bloc's unity

BRICS foreign ministers have started a two-day meeting in New Delhi

Honda records its first-ever annual loss on a costly EV strategy

Honda says it racked up a full-year loss for the first time ever, losing $2.7 billion in the last fiscal year due to a costly electric-vehicle strategy

Trump and Xi wrap up meeting after two hours of talks covering Taiwan, trade and other differences in US-China relations

Xi warns Trump that differences over Taiwan could bring US and China to clashes or conflict, Chinese state media reports

Malaysia says Iranian oil transfers near its waters exploit a maritime loophole

Malaysia’s maritime agency says Iranian-linked tankers are exploiting “jurisdictional gaps” to conduct ship-to-ship transfers of sanctioned oil near its waters