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Australia passes law to levy tech giants that fail to pay for local news

Australia passed legislation on Thursday that will force tech giants to pay millions of dollars in levies if they fail to strike commercial deals with local media outlets for news on their platforms.The News Bargaining Incentive taxes the companies 2.5% on their advertising revenues unless they strike agreements.Proceeds from the scheme would be directed to local Australian news outlets, whose content helps drive user engagement and advertising revenue on the tech firms' platforms. The levy applies to Meta, Alphabet's Google, TikTok and Microsoft's LinkedIn, covering companies with a "si

German producer prices rise at fastest pace in over three years in July

European shares muted as higher oil prices counter bond recovery

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Evergrande founder Hui Ka Yan, from property tycoon to life in jail

Mingling with power brokers at the Chinese Communist Party's centenary celebrations in 2021, a beaming Hui Ka Yan betrayed no sign of the pressure mounting on his property company, China Evergrande Group, the world's most-indebted developer.Hui, with a full head of black hair, looked relaxed in a navy-blue suit and open-necked shirt as he stood on a podium overlooking the festivities in Tiananmen Square, an invitation many considered an official show of support for the billionaire businessman.Five years later, on Thursday, a grey-haired Hui, once Asia's richest man, wore a navy-blue collared

Treasury's upsized buybacks may complicate Fed's monetary policy work

China's Shanghai eases housing policies to spur demand

Business|Economy|Technology

SK Hynix workers to get 60% of this year's bonuses in stock rather than all cash

Chipmaker SK Hynix said on Thursday it has reached a tentative wage deal with its South Korean workers that will see them receive at least 60% of this year's bonuses in company stock rather than the all-cash payout they received last year.The AI boom has sent SK Hynix's earnings soaring, leading to eye-popping bonuses for its employees. Workers are set to be paid an average 779 million won ($547,000) for 2026, according to Reuters calculations."It is a win-win solution. An all-cash payment would have placed both SK Hynix and its workers in a difficult position," said Kim Yong-jin, a managemen

A decade after earthquake, Italy's Amatrice struggles to rebuild

Global wheat buyers brace for supply squeeze amid Black Sea attacks

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Dispatch audio references possible overdose at scene of Hayden Panettiere’s death

The Drug Enforcement Administration has joined the investigation into the death of actress Hayden Panettiere, the New York Times and ABC News reported, citing sources familiar with the matter.CNN has reached out to the DEA and Greenville Police, which is leading the investigation, and representatives for Panettiere.Panettiere, a onetime child star who soared to fame while navigating addiction and postpartum depression in her adult life, died Sunday at an apartment in Greenville, South Carolina.The 36-year-old had addressed her struggles in a memoir and spoke publicly about losing her brother.

Economy|Finance|Political|Stock Markets|US

The US national debt now stands at $40 trillion

The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone figure was recorded just five months after the U.S. hit a record $39 trillion debt in March. It reached $38 trillion five months before that, in October. The unprecedented $40 trillion figure highlights competing administration priorities, from boosting defense spending that the U.S. relies on to carry out Preside

US airman arrested at Capitol after calling for Trump’s impeachment is detained again

19-year-old arrested in ‘brutal’ stabbing death of coworker in Great Falls, Virginia police say

‘Very special stone’: Trump unveils another White House construction project

President Donald Trump unveiled a new White House construction project Wednesday, issuing an impromptu invitation to reporters to join him on the South Lawn and tour the replacement of the White House driveway as well as progress made on his new helipad.During the tour, an animated Trump highlighted his personal investment in the projects with painstaking attention to details theoretically far below his pay grade: the placement of stanchions, the radial cut of granite, the elimination of potholes. The tour concluded with him signing a giant slab of granite that he said would be “flipped” a

Crime|Entertainment|US|World

Comedians Eric André and Clayton English settle lawsuit over drug search program at Atlanta airport

Comedians Eric André and Clayton English have reached a settlement in a lawsuit they filed challenging a police program at the Atlanta airport that they said used racial profiling and coercive searches just as airline passengers, particularly Black passengers, were about to board their flights. The lawsuit, originally filed in October 2022, alleged that the two men were racially profiled and illegally stopped by Clayton County police at Hartsfield-Jackson Atlanta International Airport. The settlement agreement, announced Tuesday by the pair's lawyers, does not include an admiss

Rep. Jimmy Gomez accuser told House Ethics Committee he sexually assaulted her, attorneys say

Kennedy Center board tells judge it won’t remove tarp showing Trump’s name removed

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Trump warns of economic consequences for any country that supports Iran

U.S. President Donald Trump warned of economic consequences against any country that provided "any type of lifeline to Iran" as the United States looks to resolve a war it began alongside Israel nearly six months ago.Thousands have been killed in the war, which quickly drew in Gulf nations and shocked global markets as Iran flexed its ability to curb shipping through the Strait of Hormuz, which carried about a fifth of the world's traded oil before February.The U.S. and Iran have twice announced ceasefire deals, in April and June, aiming to restore the free flow of shipping through Hormuz on

Education|Political|World

Why is one corner of China’s internet insisting a golden era never existed?

Something weird has been happening on China’s internet. One small and vocal corner has been claiming the country’s most famous historical dynasty never existed.That’s the Tang, which ruled China from 618 AD to 907 AD, a period that saw huge territorial expansion, booming international trade and the flourishing of a high culture envied far beyond its borders. Every child learns about the Tang at school; historical dramas inspired by its palace intrigues are a staple of state TV.Claiming that the 300-year dynasty was actually a myth is akin to saying the American Civil War never happened,

Prince Harry and Meghan to move back to Britain, media reports say

Five Americans, Ecuador intelligence chief killed in tourist helicopter crash in Kenya

Arts|Economy|World

Trump plays White House tour guide to show off work on his helipad and ballroom

President Donald Trump played White House tour guide on Wednesday, showing off the helipad he is building on the lawn before leaning over to autograph a piece of it and bragging about the ballroom he's rushing to complete despite legal challenges. Trump gushed for several uninterrupted minutes about granite being laid and said the chopper landing area would leave visiting foreign leaders “very impressed” — including Chinese President Xi Jinping, who is coming next month. At times, he sounded almost like a construction manager, singing the praises of granite o

Arts|Political|World

Trump's bid to inscribe name on Kennedy Center faces renewed court test

A Democratic board member of the John F. Kennedy Center for the Performing Arts said she will seek a court order blocking Republican President Donald Trump's name from being newly inscribed on the building's facade, months after a federal judge said only Congress could rename the iconic Washington venue.In a court filing late on Tuesday, Democratic U.S. Representative Joyce Beatty said the board had acted in "naked defiance" of the judge’s prior decision in the case.The center’s board, stocked with Trump-appointed allies, voted 20-3 on August 13 to alter the building's signage to read "Th

Amid war & record debt, Trump unveils new White House construction

Woman sought in officer's death co-founded mental health group for police and other first responders

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Americans have more money. They’re done eating and shopping at places that suck

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United Arab Emirates suspends trade with Iran after coming under renewed missile fire

The United Arab Emirates has suspended all trade with Iran after it said it had come under renewed fire from the country

God save the drag kings of England

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Bond market takes a breather after surprise move by Treasury Department

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US airman arrested at Capitol after calling for Trump’s impeachment is detained again

Arts|Political|US|World

Kennedy Center board tells judge it won’t remove tarp showing Trump’s name removed

Europe|Political|World

Ukraine's ousted defence minister calls for wartime elections

Crime|Political|US|World

Justice Department attempts to distance Attorney General Todd Blanche from Comey’s ‘8647’ seashell threat indictment

Economy|Environment|Political|Science|World

Trump administration moves ahead to end roadless rule on national forests

The Trump administration is moving ahead with plans to rescind a quarter-century-old rule that blocked logging and other development on national forest lands, drawing the ire of environmentalists nationwide

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Iran has lost significant control of the Strait of Hormuz

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls