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Business

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US to take 15% revenue cut from Nvidia, AMD China chip shipments
US to take 15% revenue cut from Nvidia, AMD China chip shipments

WASHINGTON, D.C.: Nvidia and AMD have agreed to give the U.S. government 15 percent of revenue from sales to China of certain advanced...

US stocks decline on opening day of week, Dow drops 200 points
US stocks decline on opening day of week, Dow drops 200 points

NEW YORK, New York - U.S. stocks ended weaker on Monday in volatile trading, as investors and traders look to economic data due this...

AI shift could cost 500,000 jobs in India’s outsourcing industry
AI shift could cost 500,000 jobs in India’s outsourcing industry

BENGALURU, India: Tata Consultancy Services' decision to lay off more than 12,000 employees is being seen by industry experts as an...

Adidas faces Mexico backlash over Oaxaca sandal-inspired design
Adidas faces Mexico backlash over Oaxaca sandal-inspired design

MEXICO CITY, Mexico: Mexican authorities are seeking compensation from Adidas after Mexican-American designer Willy Chavarria, working...

GPT-5 debuts as OpenAI touts expert-level skills, enterprise uses
GPT-5 debuts as OpenAI touts expert-level skills, enterprise uses

SAN FRANCISCO, California: OpenAI has unveiled GPT-5, the latest version of the technology behind ChatGPT, promising significant gains...

Nvidia gets US approval to ship H20 AI chips to Chinese market
Nvidia gets US approval to ship H20 AI chips to Chinese market

WASHINGTON, D.C.: The U.S. Commerce Department has begun issuing licenses allowing Nvidia to ship its H20 chips to China, a U.S. official...

International

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Florida administration awards contract for 'north detention facility'
Florida administration awards contract for 'north detention facility'

TALLAHASSEE, Florida: Florida Governor Ron DeSantis' administration appears to be moving forward with plans to build a second immigration...

US doubles bounty on Maduro for major narco-trafficking role
US doubles bounty on Maduro for major narco-trafficking role

MIAMI, Florida: The Trump administration has doubled its bounty for the arrest of Venezuelan President Nicolás Maduro to US$50 million,...

On 80th anniversary, Nagasaki prays for no more nuclear attacks
On 80th anniversary, Nagasaki prays for no more nuclear attacks

NAGASAKI, Japan: Eighty years after the U.S. atomic bombing of Nagasaki, the southern Japanese city paused on August 9 to remember...

Israel assassinates journalist, kills 6 others in process
Israel assassinates journalist, kills 6 others in process

Israel has admitted bombing a tent housing journalists outside the entrance to al-Shifa Hospital in Gaza City, an attack that killed...

Transgender US Air Force members face separation without retirement
Transgender US Air Force members face separation without retirement

WASHINGTON, D.C.: The U.S. Air Force will no longer allow transgender service members with 15 to 18 years of service to retire early,...

Emergency shelters open as Japan’s Kyushu faces highest weather alert
Emergency shelters open as Japan’s Kyushu faces highest weather alert

TOKYO, Japan: On August 8, relentless downpours lashed Japan's southern island of Kyushu, triggering floods and landslides that drove...