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The Latest Breaking News from 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.

International Business Times

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China To Probe US Chips Over Dumping, Subsidies

Beijing has accused Washington of protectionism, vowing to defend its interests and urging Washington to halt its "wrong practices".

International Business Times

LA Couple Sues JetBlue After 'Watermelon-Sized' Ice Block Crashes Through Roof, Inches From Bed

An LA couple is suing JetBlue after a block of ice allegedly fell from one of its planes, crashing through their roof and landing inches from their bed.

International Business Times

Chinese Apps Including TikTok Hit By Privacy Complaints In Europe

Prominent Austria-based privacy campaign group NOYB (None of Your Business) said it has lodged six complaints against TikTok, AliExpress, SHEIN, Temu, WeChat and Xiaomi -- in its first such action against Chinese companies.

International Business Times

US Reclaims $31M In Social Security Payments Sent To The Dead

The government has recovered $31 million that was wrongfully paid to dead people.

International Business Times

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Georgia Daycare Workers Allegedly Drugged Kids Before Naptime

Two daycare workers in Hall County have been arrested for allegedly giving high dosages of medication to children to make them sleep during naptime.

International Business Times

AI Layoffs: New York's New Rule Aims To Protect Workers

New York will be the first U.S. state to require businesses to notify the state when layoffs are directly tied to AI adoption.

International Business Times

Blasts In Kyiv As UK's Starmer Visits To Ink '100-year' Accord

British Prime Minister Keir Starmer arrived in Kyiv on Thursday on an unannounced visit to sign a "100-year accord" and shore up support for Ukraine before Donald Trump's return to the White House.

International Business Times

Hong Kong Mogul Jimmy Lai Grilled Over US, Taiwan Ties

Jailed Hong Kong media tycoon Jimmy Lai testified on Thursday that he brokered meetings between former Taiwan leader Tsai Ing-wen and American establishment figures, with prosecutors alleging that he colluded with foreign forces.

International Business Times

Trauma And Tragedy In The City Of Angels: Covering The LA Fires

Terrified residents caught in blazing neighbourhoods, influencers ignoring the ban on drones and the frightening unpredictability of the wildfires are just some of what journalists covering the fires ravaging Los Angeles for AFP have had to manage.

International Business Times

Spanish FM Raises Flag At Damascus Embassy After 12-year Closure

Spain's foreign minister raised his country's flag at their Damascus embassy on Thursday more than a decade after Madrid suspended diplomatic activity and as Western countries resume ties following President Bashar al-Assad's ouster.

International Business Times

Apple Loses Top Spot In China Smartphone Sales To Local Rivals

The California-based tech giant claimed a market share of 15 percent in the world's number two economy, behind Huawei's 16 percent and top-ranking Vivo's 17 percent, according to industry data provider Canalys.

International Business Times

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International Business Times

India's Outcast Toilet Cleaners Keeping Hindu Festival Going

Millions of pilgrims hoping to cleanse their sins by ritual baths at India's Kumbh Mela festival rely on key lavatory workers to clear up behind them -- those born on the lowest rung of the Hindu caste system.

International Business Times

Sri Lanka Signs Landmark $3.7 Bn Deal With Chinese State Oil Giant

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday.

International Business Times

UK Economy Rebounds But Headwinds Remain For Govt

Britain's economic growth rebounded less than expected in November, official data showed Thursday, dealing a fresh blow to a Labour government that is battling headwinds.

International Business Times

$XRP Shakes Off SEC Ripple Appeal, Tops $3 For The First Time In 7 Years

$XRP has once again hit a new milestone, breaking $3 for the first time in since 2018 even as the SEC filed an appeal in its case against Ripple.

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International Business Times

Buy Now, Pay Later: The Debt Trap You Didn't See Coming

Those who opt for BNPL actually have more debts than those who steer clear of this scheme.

International Business Times

Hindenburg Research, Which Shook Empires Like Nikola and Adani, Announces Shutdown

Founder Nathan Anderson said Hindenburg's intense work had taken a toll on his personal life, and while there were no specific reasons for the closure, the plan had always been to shut down the firm after completing their current projects.

International Business Times

South Korea's President Arrest: What Happens Next?

Impeached leader Yoon Suk Yeol made history this week as the first sitting South Korean president to be arrested, ending a weeks-long standoff.

International Business Times

Taiwan's TSMC Says Net Profit Rose 57% In Fourth Quarter

Taiwanese chipmaking giant TSMC on Thursday announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology.

International Business Times

Blue Origin's New Glenn Rocket Blasts Off In First Launch, Reaches Orbit

Blue Origin, the space company founded by billionaire Jeff Bezos, launched its massive New Glenn rocket for the first time early Thursday, a livestream of the blastoff showed.

International Business Times

Bitcoin Bounces Back To $100K Ahead Of Donald Trump's Inauguration Day

Bitcoin traded at one point in the $100,000 highs Wednesday night, seemingly fueled by positive reports around a supposed Donald Trump executive order for crypto, and growing optimism among crypto community members regarding $BTC prices in 2025.

International Business Times

Chinese Give Guarded Welcome To Spending Subsidies

Beijing is hoping subsidies for rice cookers, microwave ovens and smartphones can boost sluggish spending and help the country weather an economic storm from incoming US president Donald Trump.

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