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Italy says EU nations failed to commit to Red Sea security

European nations have taken no concrete steps to strengthen shipping protection in the Red Sea, Italy's defence minister said on Tuesday, adding that governments have failed to respond to his calls to bolster the bloc's naval mission in the area.In September, Guido Crosetto urged the European Union to bolster its Aspides mission, launched in 2024 to protect commercial shipping from attacks by Yemen's Iran-aligned Houthis that have escalated as part of the Middle East conflict."I have yet to see anything concrete," Crosetto told Reuters, although he said EU foreign policy chief Kaja Kallas had

Banks seek to rein in soaring AI agent costs, McKinsey says

Truckers block roads in Chile protesting fuel price hikes

Business|Economy

BoE's Lombardelli sees risk that persistent inflation will crystallise

The conditions for persistent inflation in Britain are crystallising, Bank of England Deputy Governor Clare Lombardelli said on Tuesday, signalling she was likely to back another interest rate rise after last week's increase."The conditions for persistent inflationary dynamics over the medium term are crystallising," Lombardelli said in a speech delivered at a central banking conference hosted by King's Business School and the Money, Macro & Finance Society."That warranted an increase in Bank Rate last week. In the absence of evidence of weaker inflation pressures, I continue to think the

TSMC to invest up to $1 billion in Anthropic, OpenAI

Rubio says no need for major combat operations on Iran given US economic campaign

What are the impeachment articles facing Pete Hegseth?

Republican US Representative Thomas Massie introduced eight articles of impeachment against Defense Secretary Pete Hegseth, related to the war in Iran, President Donald Trump's actions in Venezuela and even some administration actions in Washington.Hegseth has denied wrongdoing, and Trump has criticized Massie and pledged to stand by his secretary of defense.Here are the eight "high crimes and misdemeanors" in the unusual Republican-led impeachment effort against a Republican official.IRANThree of the charges are related to the conflict in Iran. Hegseth is accused of directing, authorizing an

Italy sees planned F-35 fighter jet spending rise by €7.3 billion

Fed to raise rates once more in December as inflation risks stay high: Reuters poll

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Billionaire tax measure on California ballot defeated

A billionaire tax that US Senator Bernie Sanders and other progressives championed as an antidote to economic inequality and a potential model for the rest of the country was defeated in California, US media projected on Monday.Proponents had estimated Prop 40 would raise $100 billion in revenue, most of which would have been earmarked for healthcare programs to offset federal funding cuts designed to pay for tax breaks enacted last year under President Donald Trump's "One Big Beautiful Bill." Those tax breaks, largely benefiting wealthy individuals and corporate interests, passed with Republ

Finance|Political|Technology|US

House Democratic leader says lawmakers need answers on Nvidia, wants China chip restrictions

US House of Representatives Democratic leader Hakeem Jeffries said on Monday that Congress needs more answers after reports emerged that Nvidia CEO Jensen Huang had been targeted by a foreign intelligence effort.Jeffries also called for the House to pass an annual defense bill that includes restrictions on chip sales to China that are included in a bill now before the US Senate."Clearly Congress needs more information," about what happened at Nvidia, Jeffries said, adding that there are "real concerns that need to be addressed with respect to the Nvidia situation."Jeffries said a classified

Supreme Court allows Trump to continue border wall construction in Big Bend region of Texas

Supreme Court clears the way for border wall construction in Texas’s Big Bend to resume

Election|Political|US

Trump and his Justice Department stand defiant as Democrats ready an investigative blitz

President Donald Trump and his Department of Justice are taking a combative stance toward Democrats after their election victories in the midterms, signaling intense conflict to come as lawmakers prepare aggressive investigations into the executive branch next year. Trump set the tone, declaring on social media that investigative requests already made by Democrats are “extortion at the highest level, and they should be held accountable.” Attorney General Todd Blanche echoed the Republican president and said criminal investigations of Democrats are possible.

Interview|Political|US

Trump says immigration policy 'might be too tough'

President Donald Trump offered his most extensive assessment yet of historic Republican losses in an interview with “60 Minutes” that aired Sunday evening, appearing to extend an invitation to Democrats to work together on the contentious issue of immigration.Trump took no personal blame for the wipeout, despite his record unpopularity. He said GOP candidates weren’t able to translate his popularity to their own races.And while he acknowledged areas where his record was unpopular, he made clear he wasn’t in a conciliatory mood on most issues as Democrats prepare to take majorities on C

‘Where is Cindy Hyde-Smith?’: In a nail-biter Senate race, the incumbent stays out of view in Mississippi

Trump suggests he would rather go to hell than forgive enemies

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Fed to raise rates once more in December as inflation risks stay high: Reuters poll

The US Federal Reserve will hike interest rates for a second and final time in the current cycle in December, according to a majority of economists polled by Reuters who said the risks to their inflation outlook had not changed since the midterm elections.Voters focused on the rising cost of living, fueled by Republican President Donald Trump's trade tariffs and higher energy costs from the war with Iran, handed solid majorities in both houses of Congress to the Democratic Party.However, the political shift is unlikely to bring rapid relief from inflation, even after oil futures tumbled more

Prince Harry's wife Meghan makes first public appearance since father's arrest

Prince Harry urged tech companies to be more transparent about issues involving children as he and his wife, the former Meghan Markle, made their first public appearance on Tuesday since her father’s arrest on suspicion of possessing images of child abuse. Harry spoke at the European Parliament in Brussels during the opening of a memorial to children who have died as the result of harm suffered on social media. The Lost Screen Memorial features replicas of oversized smartphones with the photo of a deceased child on each home screen. Meghan, also known as the Duch

Hegseth slams his potential impeachment as a 'political spectacle’ that undermines US troops

US evacuates aircraft from British military base after threat from Iran, WSJ reports

Arts|Crime|World

Accused Ecuadorean thief agrees to plead guilty in largest US jewelry heist

An Ecuadorean man has agreed to plead guilty to a federal robbery charge for his role in the theft of roughly $100 million worth of jewelry from an armored truck five years ago in California, considered the largest such heist in US history.Carlos Victor Mestanza Cercado, 32, an Ecuadorean national arrested two years ago in Panama during a layover on a flight from Guatemala to his home country, was one of seven men indicted on charges of robbing a Brink's truck at a highway rest stop north of Los Angeles on July 11, 2022.The armored vehicle was plundered while carrying 73 sacks of precious gem

Ukraine peace talks restart after 9 months. What makes them different this time?

A fresh round of peace talks between the US, Ukraine and Russia is underway in Abu Dhabi this week, as the Trump administration renews its drive to end the nearly five-year conflict even after it announced significant concessions to Moscow.Trilateral negotiations lasted for more than four hours on Tuesday and were described by the US as very productive. Talks are expected to resume in the UAE capital on Wednesday morning local time.Russia has made clear it wants the negotiations – the first of their kind since February – to be strictly trilateral, though national security advisers from sev

Trump approval holds at 32%, near lowest of his career, Reuters Ipsos poll finds

Trump says FBI is looking at Nvidia CEO Jensen Huang's affair with alleged Chinese agent

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Business|Economy|Science|Technology

Anthropic to seek $1.4 trillion valuation in blockbuster IPO

Economy|Environment|Science|Technology

This invisible, super-polluting gas is a climate villain the world is failing to tackle

Business|Economy|Election|Finance|Political

California voters reject one-time wealth tax on billionaires

Economy|Environment|Political

First on CNN: Whistleblowers tell Democrats documents linked to Trump’s construction projects are being destroyed

Business|Economy|Finance|Technology

I spy AI

A nervy tech sector starts the week with a nearly 4% slide in AI chip giant Nvidia on a bizarre tale of an extramarital affair and spying allegations.

Economy|Environment|Science

Heat-trapping carbon pollution drops, but scientists cite the Iran war rather than energy progress

Emissions of heat-trapping carbon dioxide from the burning of fossil fuels decreased slightly this year due to the Iran war

Election|Political

GOP Rep. Lauren Boebert will lose reelection to Democrat Eileen Laubacher in Colorado, CNN projects

Political

How impeachment of a Cabinet secretary like Hegseth works

Political

After saying deportation policy was too tough, Trump now says it's 'very strong,' rejects 'amnesty'

President Donald Trump has defended his administration's deportation policy and opposed any immigration deal that includes amnesty for immigrants living in the U.S. illegally

Business|Finance|Science|Technology

Nvidia stock falls after investigation into CEO, bucking market rally

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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