Author: Press Room

BEIJING: Beijing on Friday (Apr 24) refuted accusations made by the White House that Chinese entities were involved in “industrial-scale” efforts to steal US artificial intelligence technology.The charges were made on Thursday in a post on X by White House science and technology chief Michael Kratsios, who also warned that Washington would “be taking action to protect American innovation”.Asked about the matter at a regular news conference in Beijing on Friday, Chinese foreign ministry spokesman Guo Jiakun said: “The US claims are entirely baseless.””They are a slanderous smear against the achievements of China’s artificial intelligence industry. China firmly opposes this,”…

These are the stocks posting the largest moves in midday trading.

Meta CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella.Getty Images | ReutersThe more than 20,000 potential job cuts Meta and Microsoft revealed on Thursday, months after Amazon announced its most widespread layoffs ever, may only be the beginning.The same companies that are collectively spending hundreds of billions of dollars a year to build out artificial intelligence infrastructure to meet soaring demand for AI services are seeking efficiencies from AI by slashing headcount. They’re also still trying to rightsize from the pandemic-fueled overhiring.Many economists and industry experts are fearful that a labor crisis may be upon us today — not…

The announcement on Friday is expected to clear the path for the confirmation of his successor, Kevin Warsh.Published On 24 Apr 202624 Apr 2026The United States Department of Justice has ended its probe into US Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh.US Attorney for the District of Columbia Jeannine Pirro said on X on Friday that her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinise them instead.Recommended Stories list of 4 itemsend of listPirro, a Trump ally and the top…

NEWYou can now listen to Fox News articles! The Treasury Department is tightening Internal Revenue Service (IRS) tax-exempt reporting requirements in an effort to uncover nonprofit funding being used for “extremist activity” and “hiding fraud.”The move comes days after the Southern Poverty Law Center (SPLC), a nonprofit known for civil rights litigation and racial justice, was indicted by a federal grand jury for allegedly funneling millions to members of violent extremist groups like the Ku Klux Klan, Aryan Nations and the National Socialist Party of America (American Nazi Party). “Public money and tax-exempt status demand public accountability,” Treasury Secretary Scott Bessent…

Jake Reiner, son of Rob and Michele Reiner, spoke out on Friday for the first time since his parents were brutally killed in their Los Angeles home in December, detailing the moment he learned what happened.In a post to Substack, Jake said he was at the celebration of life for one of his best friends when his sister, Romy, called to tell him that their father was dead. Moments later, he wrote, he found out his mother was also killed.”My world, as I knew it, had collapsed. I was in a trance,” Jake said. “The only thing I could focus…

NEWYou can now listen to Fox News articles! Cincinnati’s now-former police chief, once sued by subordinates for alleged discrimination against White male officers, has been fired.A termination announcement says Teresa Theetge was “begged” to put more officers on the streets during a crime-riddled summer last year. She was from her role as the city’s top law enforcement officer on Thursday after only about three years on the job. She was a police officer in Cincinnati for 35 years.City Manager Sheryl Long made Theetge’s termination announcement.”I recognize Chief Theetge’s more than 35 years of service to the Cincinnati Police Department and…

Nova Scotia’s premier is doubling down on his government’s so-called “woods ban” last year during extreme drought conditions and high wildfire risk. The ban, which was imposed on Aug. 5, 2025, prohibited “entry into the woods for the purposes of travelling, camping, fishing or picnicking or any other purpose,” unless there was a valid travel permit. The ban was lifted in phases beginning Aug. 29, 2025.Last week, a Nova Scotia Supreme Court judge ruled the ban was unreasonable, and “not a fleeting nor insignificant restriction.” Justice Jamie Campbell said the provincewide ban did not meet the standard for reasonableness because…

After a heartbreaking grand final loss to Railways last year, Albany are raring for a shot at redemption with a new coach and fresh motivation ahead of this year’s Great Southern Football League season. 

While companies are not expecting sweeping agreements, even modest outcomes could help stabilise sentiment, Hart added.“People aren’t looking for a grand bargain or a huge, long list of things, but two or three things would be helpful.”Potential areas of progress could include agriculture, such as increased US soybean exports, reduced restrictions on US beef, and cooperation in aviation.STRUCTURAL ISSUES STILL OF CONCERNStill, structural issues highlighted in the white paper, including regulatory inconsistency, remain a key concern for businesses operating in China.“The central government would say: ‘Yes, we want to make sure that American companies or foreign companies have equal access.’…