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Business

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AI saves $500 million for Microsoft as layoffs reshape strategy
AI saves $500 million for Microsoft as layoffs reshape strategy

REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...

FTC’s rule to ease subscription cancellations struck down by court
FTC’s rule to ease subscription cancellations struck down by court

WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes
Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs
Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets
Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035
PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

Canada

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FedEx, UPS step up as Canada Post loses market share in strikes
FedEx, UPS step up as Canada Post loses market share in strikes

OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...

MLB roundup: Yanks bomb Cubs on Cody Bellinger's 3 HRs
MLB roundup: Yanks bomb Cubs on Cody Bellinger's 3 HRs

(Photo credit: Wendell Cruz-Imagn Images) Cody Bellinger hit three homers for the first time in his career and drove in six runs,...

Jays top A's as Max Scherzer gets first win with Toronto
Jays top A's as Max Scherzer gets first win with Toronto

(Photo credit: Ed Szczepanski-Imagn Images) Alejandro Kirk and Nathan Lukes each drove in two runs during a six-run fifth inning...

Paul McCartney announces fall 'Got Back' North American Tour; check out dates
Paul McCartney announces fall 'Got Back' North American Tour; check out dates

Washington, DC [US], July 12 (ANI): The Beatles legend Paul McCartney is hitting the road again. The singer-songwriter has announced...

D.C. United take on Galaxy in first match under interim coach
D.C. United take on Galaxy in first match under interim coach

(Photo credit: Steve Roberts-Imagn Images) Troy Lesesne paid the price for D.C. United's lackluster season and academy director Kevin...

Daily World Briefing, July 12
Daily World Briefing, July 12

Chinese FM calls for joint efforts in finding right way for China, U.S. to get along China and the United States should work together...