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Business
Microsoft poaches Inflection chief in push to dominate consumer AI
Microsoft chief Satya Nadella’s punt on ChatGPT maker OpenAI gave the tech giant early ascendancy in the race to commercialise generative artificial intelligence. He has bet again…
Wendy’s unveils new orange-flavored Frosty based on classic dessert
Wendy's is rolling out a novel Frosty milkshake inspired by the beloved Orange Dreamsicle dessert. The Ohio-based fast food chain announced Tuesday that its brand new Orange…
UN’s Palestinian aid agency calls on EU countries to resume all funding
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Good morning. News to start: the head of German arms…
MacKenzie Scott gives out $640 million to 361 nonprofits
MacKenzie Scott on Tuesday gave more of her wealth away to nonprofits. Across the country, 361 nonprofits collectively received $640 million through grants made by her…
How credit card debt has become a burden for Americans — and Joe Biden
US consumers paid almost 50 per cent more in credit card expenses last year than in 2020, the year before President Joe Biden took office, putting pressure on family budgets and…
DC Coffee Chain Debuts Crypto Payments with Coinbase Partnership
A test case for mainstreaming cryptocurrency is coming to a local coffee chain in the nation’s capital, FOX Business has learned. Compass Coffee, a veteran-owned coffee brand…
Unilever’s ice cream scoop-out may increase appetite for another split
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spin offs work particularly well when the original…
City of Chicago sues Glock Inc. over ‘facilitating’ illegal gun conversions
The city of Chicago has filed a lawsuit against Glock, Inc., blaming the gun-maker for facilitating the manufacturing of illegal machine guns being used on the crime-ridden…
Chinese bottled water giant Nongfu Spring under fire from nationalists
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s online nationalists have found the latest target…
Elizabeth Warren leads renewed charge for wealth tax on ultrarich
A group of progressive Democrats is restarting an effort to increase taxes on the wealthiest Americans. Sen. Elizabeth Warren, D-Mass., on Tuesday reintroduced the…