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The Latest Breaking News from International Business Times

Cash App Owner Hit With Over $100M Fine For Fraud And Customer Service Issues

The U.S. Consumer Financial Protection Bureau found that Block, which is owned by Twitter founder, Jack Dorsey, failed to give adequate customer service–including the absence of live telephone agents–for customers to get assistance.

International Business Times

French PM Survives First No-confidence Vote In Parliament

French Prime Minister Francois Bayrou on Thursday survived his first vote of no confidence in parliament after the motion, brought by the leftist opposition, failed to gain traction on the far right.

International Business Times

S.Africa Rescuers Say Clearance Of Clandestine Miners Now Over

Rescuers retrieving illegal miners from a disused South African gold shaft said on Thursday a final sweep appeared to show nobody was left underground, after 78 bodies and more than 200 miners were lifted out this week.

International Business Times

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Oligarchs Already Own Much Of US - Can They Buy Democracy?

They increasingly own everything from access to space to how we get news on Earth and now outgoing President Joe Biden warns America's new breed of Donald Trump-allied oligarchs could gobble up US democracy itself.

International Business Times

'Impossible' To Protect All Undersea Infrastructure: NATO Commander

NATO members face an "impossible task" trying to protect their vast network of critical undersea cables and pipelines from sabotage, the head of the alliance's centre for securing the infrastructure said Thursday.

International Business Times

British Woman Dies in 'Violent Collision' On Ski Slope In French Alps

The 62-year-old ran into a stationary skier on the slopes; efforts to resuscitate her failed.

International Business Times

Trump's Treasury Secretary Nominee Claims There Will Be 'Economic Calamity' If Republican Tax Cuts Are Not Extended

Scott Bessent warned about the dangers of not extending tax cuts implemented during Donald Trump's first term.

International Business Times

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US Treasury Nominee Says Trump Can Usher In 'Economic Golden Age'

Donald Trump's nominee for Treasury chief spoke Thursday of ushering in "a new economic golden age," as he faced grilling by lawmakers about the incoming US administration's economic agenda.

International Business Times

US Could Cut Interest Rates 3 Or 4 Times This Year: Fed Official

The US Federal Reserve could cut rates three or four times this year if inflation data cooperates, with a first cut possible before July, a senior bank official said Thursday.

International Business Times

Teen Kills Fellow Student Teacher At Slovak School

A teen killed a fellow student and a teacher in a knife attack at a secondary school in northeastern Slovakia on Thursday and wounded a third woman.

International Business Times

Retail Sales Grew Modestly In December

Retail and food services sales for December 2024 continued to grow, proving that despite an inflationary economy, Americans are still shopping.

International Business Times

European Carmakers Warn Against EU-US Trade War

Europe's biggest automakers called on the European Union Thursday to avoid a "trade conflict" with the United States, days before Donald Trump officially returns as president.

International Business Times

Coinbase Takes DeFi Mainstream With Bitcoin-Backed $USDC Loans

Coinbase announced today it is now offering Bitcoin-backed $USDC loans to allow users to borrow up to $100,000 in $USDC without a fixed repayment schedule.

International Business Times

China Property Giant Vanke's CEO 'Taken Away' By Police

The head of one of China's biggest property firms has been "taken away" by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world's second-largest economy.

International Business Times

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International Business Times

Nintendo Hopes To Reprise Blockbuster Switch With 2025 Successor

Nintendo is betting on the 2025 release of a bigger, better version of its blockbuster Switch console to keep up the success of the third best-selling games machine of all time.

International Business Times

Target Shakes Up Leadership As It Announces Holiday Sales Grew 2.8 Percent

Target Corporation revealed a 2.8% increase in total holiday sales for November and December, amidst upcoming leadership changes.

International Business Times

Bank of America Is The Latest Big Bank To Show Big Earnings

BofA reported its fourth quarter profits doubled over the same period in 2023

International Business Times

French Researchers Aim To Ease X Refugees' Path With 'HelloQuitX'

French researchers have developed an application to help users migrate their whole online community from Elon Musk's X to rival social platforms such as Bluesky or Mastodon.

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International Business Times

Walgreens Says Locking Up Products Has Hurt Sales

The CEO of the drug store chain says anti-theft deterrents are keeping customers from buying products.

International Business Times

US Sues Southwest Airlines Over 'Chronically Delayed' Flights

The Transportation Department is suing Southwest Airlines, alleging the airline had chronically delayed flights due to unrealistic scheduling.

International Business Times

Giuliani Expected In Court To Fight To Keep Yankees Rings In Defamation Judgment

The former Trump lawyer has been ordered to surrender millions of dollars in assets to satisfy a judgment against him for defaming two Georgia election workers.

International Business Times

Air Strikes In Gaza Crush Joy Of Ceasefire Deal

After news of a ceasefire agreement sparked mass rejoicing in Gaza, residents woke up Thursday to columns of smoke, rubble and more deaths following new Israeli air strikes.

International Business Times

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

Patients Dying In Corridors As Overwhelmed UK Hospital Standards 'Collapse'

UK patients are "coming to harm" with hospitals so overwhelmed people are dying in corridors awaiting treatment amid a "collapse in care standards", a report said Thursday.

International Business Times

RAIR Technologies Announces DevDapp, A Web3 Incentive System For GitHub

RAIR Technologies has announced a new Web3 incentive system to reward developers who improve the RAIRprotocol that provides enterprises with an open-source deployment layer for seamless business integration.

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