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OpenAI outlines AI economy plan with public wealth funds and robot taxes

OpenAI’s 2026 plan proposes public wealth funds, robot taxes, and labor reforms to balance AI-driven growth with equity, aligning with Trump-era policies. The framework aims to redistribute wealth, fund social programs, and address automation’s economic impact through tax shifts and safety safeguards.
Business

UK Introduces Day-One Sick Pay and Family Leave Rights April 6, 2026

UK introduces day-one sick pay and family leave rights April 6, 2026, with immediate SSP payments at £123.25 and expanded parental leave, affecting retail and hospitality sectors.
Business

European Ministers Seek Profit Caps on Energy Companies Amid Iran War-Driven Price Surge

European ministers propose profit caps on energy firms as Middle East tensions drive record price surges. The EU seeks windfall taxes and price caps to curb costs, echoing 2022 measures, amid 50-80% oil and 70% gas price spikes linked to the Strait of Hormuz blockade. Proposed measures could slash energy bills by up to 70%, easing inflationary pressures.
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Bitcoin Now Anticipates Fed Policy, ETFs Drive Shift

Bitcoin's price dynamics have shifted from lagging to leading as spot ETFs drive institutional adoption, now anticipating Fed policy moves before official announcements, per Binance Research. This structural change marks Bitcoin's evolution into a forward-looking asset, reshaping its role in global financial markets.
Business

Pepsi, Diageo withdraw from UK festival after Kanye West headliner announcement

Pepsi and Diageo withdrew from the Wireless Festival after booking Kanye West, citing concerns over his antisemitic remarks and far-right ties. The decision reflects corporate caution amid UK political pressure to distance from figures linked to hate rhetoric.
Business

North Korean Group Steals $285M from Drift Protocol in Six-Month Operation

North Korean group UNC4736 stole $285M from DeFi platform Drift Protocol via a six-month social engineering scheme, exploiting multisig security flaws. The breach, tied to prior DPRK-linked attacks, underscores growing risks in DeFi as state actors target vulnerabilities in trust and access controls.
Business

India’s 2026-27 Growth Forecast Revised to 6% Amid Iran War Impact

India's 2026-27 growth forecast trimmed to 6% amid Iran war disruptions, impacting energy supplies and inflation. The conflict disrupted key energy routes, forcing India to prioritize household energy, straining industries and hiking costs. The government vows to secure supplies while pushing for long-term energy resilience.
Business

Pepsi Withdraws Wireless Festival Sponsorship Due to Kanye West Booking

Pepsi ends Wireless Festival sponsorship over Kanye West's booking amid UK political backlash. Prime Minister Keir Starmer and Jewish groups condemn West's antisemitic past, including his 'Heil Hitler' song. The festival retains West as headliner despite corporate withdrawal.
Business

Airlines Hike Bag Fees Amid Iran-Israel Conflict’s Oil Price Surge

Airlines raise baggage fees and fuel costs amid Iran-Israel conflict, as oil prices surge past $120/barrel, driving up global energy prices and straining travel budgets. United and JetBlue hike fees, while carriers seek to offset rising operational costs amid geopolitical tensions under President Trump's administration.
Business

U.S. Imposes 100% Tariffs on Patented Pharmaceuticals Unless Firms Strike Deals with HHS

U.S. imposes 100% tariffs on patented pharmaceuticals unless firms negotiate with HHS, citing supply chain risks. Exemptions include generics, as Trump aims to boost domestic production amid global disruptions.
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World

David Lammy Presses JD Vance on Migration Concerns After Henry Nowak’s Murder

British Deputy PM David Lammy directly rebuked U.S. Vice President JD Vance, denying a link between migrant influx and Henry Nowak’s murder, as the case sparked transatlantic tensions. Lammy defended Britain’s justice system and rejected Vance’s claims, while the Nowak family urged against politicizing their son’s death.
Business

Crypto Markets Bleed in a Massive Drop Since FTX

Crypto markets plunged $390B, marking the worst weekly drop since FTX, as AI gains and macro shocks drive selloff. Bitcoin and Ether hit 17.3% and 22% declines, with corporate Bitcoin sales and ETF outflows amplifying the downturn.
Business

Two Roads to a Trillion: Anthropic and OpenAI Sprint to IPO With Opposite Strategies

Anthropic's efficiency-driven AI strategy, fueled by $47B annual revenue and $559M Q2 profit, positions it ahead of OpenAI's projected $14B loss in 2026, as the firm races to IPO before its rival. The race highlights a clash between capital-heavy scaling and cost-conscious innovation in the AI sector.
World

Deal on Paper, Death in Practice: 6,000 Oleshky Civilians Starving as Evacuation Goes Nowhere

Starvation grips Oleshky, where 6,000 civilians face famine as a stalled evacuation deal leaves them trapped. Russia’s blockade, drone strikes, and denied aid have turned the city into a death trap, with over 300 deaths reported. Volunteer efforts and international appeals highlight a worsening humanitarian crisis.