Month: May 2025
European soccer heavyweights clash in Champions League final
Paris St Germain’s Ousmane Dembele. Dylan Martinez | Reuters Inter Milan and Paris Saint-Germain will meet at the UEFA Champions League final in Munich on Saturday to compete for club soccer’s most prestigious trophy. For the Parisian team, a victory would cement the squad in the pantheon of soccer royalty. Paris Saint-Germain, colloquially known as […]
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As Denmark raises its retirement age to 70, experts weigh in on whether the U.S. may follow its lead
Aleksandarnakic | E+ | Getty Images Denmark has moved to increase its retirement age to 70 — making it the highest retirement age in Europe. Yet it may be difficult for the U.S. to follow its lead. The new change in Denmark will apply to public pension retirements starting in 2040. Since 2006, the country […]
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China urges halt to auto industry’s bruising price wars
People work on the production line of auto parts at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty Images China called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector’s health and […]
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Pentagon chief says ready to ‘fight and win’ against China, urges Asian allies to boost defense spending
US Secretary of Defense Pete Hegseth (C) gestures beside Malaysia’s Defence Minister Mohamed Khaled Nordin (R) and other defence officials from the Association of Southeast Asian Nations (ASEAN) during a multilateral meeting ahead of the Shangri-La Dialogue Summit in Singapore on May 30, 2025. Mohd Rasfan | Afp | Getty Images SINGAPORE — Pentagon chief […]
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China’s manufacturing activity contracts amid trade tensions
A worker works in a workshop of a textile products manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou City, Shandong Province, China, on May 10, 2025. Costfoto | Nurphoto | Getty Images China’s manufacturing activity contracted for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to […]
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Trump hails Nippon Steel as ‘great partner’ as deal awaits approval
U.S. President Donald Trump on Friday lauded an “agreement” between Nippon Steel and U.S. Steel at a political rally but stopped short of approving the companies’ diplomatically sensitive merger. On a stage near Pittsburgh, Pennsylvania, decorated with signs celebrating “American steel,” Trump declared the American steel company would remain American, while extolling its prospective new […]
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Stablecoins stole the show at Bitcoin 2025 — here’s what the major players said
Bitcoin 2025 brought together thousands of investors, builders, and believers for a showcase of crypto’s next chapter. MacKenzie Sigalos LAS VEGAS — At the world’s largest bitcoin conference this week on the Vegas Strip, the most consequential story wasn’t about bitcoin. Stablecoins, the dollar-pegged digital tokens now driving a full-scale financial and political shift in […]
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$TRUMP and other meme coins won’t be protected by SEC, Commissioner Hester Peirce says
Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty Images LAS VEGAS — Now that the SEC is out of the business of regulating meme coins, investors shouldn’t expect any guidance on $TRUMP, […]
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PBS sues Trump over executive order to cut funding
The Public Broadcasting Service on Friday sued President Donald Trump to block his attempt to cut off its federal funding, and accused the president of retaliating against the public broadcaster over “perceived political slights in news coverage.” Trump’s executive order targeting PBS’ funding “will upend public television,” lawyers for the broadcaster behind “Mister Rogers’ Neighborhood” […]
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Anthropic hits $3 billion in annualized revenue on business demand for AI
Jonathan Raa | Nurphoto | Getty Images Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company’s current sales over the course of a year, is a significant jump […]
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