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Trump threatens to pull out of planned Xi meeting
President Donald Trump has threatened to pull out of an expected meeting with President Xi Jinping of China after Beijing tightened its rules for exports of rare earths. In a post on social media, Trump said he now saw “no reason” to meet with President Xi later this month, accusing China of “becoming very hostile”…
Anthropic boss rejects Pentagon demand to drop AI safeguards
“We will not knowingly provide a product that puts America’s warfighters and civilians at risk,” Amodei said. “Without proper oversight, fully autonomous weapons cannot be relied upon to exercise the critical judgment that our highly trained, professional troops exhibit every day. They need to be deployed with proper guardrails, which don’t exist today.”
Fuel profit margins still persistently high, says watchdog
Drivers could be paying more than they should for petrol and diesel after the UK’s competition watchdog said fuel profit margins remain at “persistently high levels” despite prices at the pump having fallen. The Competition and Markets Authority (CMA) also challenged retailers’ claims that this was a result of higher operating costs, and said competition…
Disney pulls channels from YouTube TV over fee dispute
Subscribers to YouTube TV have lost access to ESPN, ABC and other Disney channels, as the two companies struggle to negotiate a licensing deal. Disney said the online pay-TV platform, which is owned by the tech giant Google and available only in the US, had refused to pay fair rates for the content, which also…
US interest rates held as Fed boss says no magic wand to tackle high prices
The Fed acknowledged that inflation remained “elevated”, which it said was in part due to rising energy prices, but said US economic activity was expanding at a “solid pace despite uncertainty caused by the conflict in the Middle East”. Warsh said he had wanted to and succeeded in having a “family fight” with his fellow…
EasyJet agrees to rival £5.7bn takeover bid from US company
No-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from US firm Apollo Management – just days after it had accepted an offer from a rival suitor. The Luton-based carrier said Apollo’s offer delivered “a superior outcome” to investors than the previous bid from US investment firm Castlelake that EasyJet…
