Economy

Billionaire Elon Musk said on Monday he will launch an artificial intelligence (AI) platform that he calls "TruthGPT" to challenge the offerings from Microsoft and Google. He criticized Microsoft-backed OpenAI, the firm behind chatbot…
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China’s gross domestic product grew 4.5% in the first quarter of the year, boosted by increased consumption and retail sales, after authorities abruptly abandoned the stringent “zero-COVID” strategy.  The growth in the world’s No. 2…
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U.S. House Speaker Kevin McCarthy pledged Monday that the narrow Republican majority in the House of Representatives will vote to raise the country’s debt ceiling to avert a default on the government’s financial obligations in the coming…
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When the gas rig arrived off the coast of Saint-Louis, residents of this seaside Senegalese town found reason to hope. Fishing has long been the community's lifeblood, but the industry was struggling with climate change and COVID-19.…
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The U.S. Environmental Protection Agency this week released proposals for the most aggressive vehicle emission standards in the country’s history, with the expectation that electric cars will account for two of every three cars being…
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Billionaire Elon Musk has told the BBC that running Twitter has been "quite painful" but that the social media company is now roughly breaking even after he acquired it late last year. In an interview also streamed live late Tuesday on…
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A Biden administration proposal would force U.S. automakers to sharply increase their production of electric cars and trucks over the next decade, lending greater urgency to the effort to build raw material supply chains that reduce the…
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U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices. Yet prices are still rising fast enough to keep the Federal Reserve on…
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With Turkey in the grip of soaring food prices, the Islamic holy month of Ramadan offers respite for some with free meals offered to break the day of fasting. Analysts say inflation now poses the biggest threat to President Recep Tayyip…
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Many Americans aren't yet sold on going electric for their next cars, a new poll shows, with high prices and too few charging stations the main deterrents. About 4 in 10 U.S. adults are at least somewhat likely to switch, but the…
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