United States: Meta cuts 8,000 jobs for AI push

 

United States-based Meta Platforms is preparing this week to cut about 8,000 jobs, roughly 10% of its global workforce, as part of a major restructuring to fund a large expansion in artificial intelligence infrastructure. In addition, management will permanently eliminate about 6,000 open positions that had not yet been filled,...

United Kingdom briefed on AI-found cyber vulnerabilities

 

LONDON, England – Anthropic is preparing to brief global financial regulators on cybersecurity vulnerabilities identified by its unreleased AI system, Mythos Preview, according to a Financial Times report cited by Reuters on Monday. The specialized cybersecurity-focused model is designed to identify weaknesses in software, internet infrastructure, and web browsers, including...

Trump Drops IRS Lawsuit; DOJ Creates Anti-Weaponization Fund

 

Washington — President Donald Trump filed a notice Monday dismissing his $10 billion lawsuit against the Internal Revenue Service and the U.S. Department of the Treasury, and the Department of Justice announced creation of an Anti-Weaponization Fund of about $1.776 billion along with a formal apology to the plaintiffs. Plaintiffs included...

New Jersey declares emergency after Northeast flash floods

 

New Jersey declared a state of emergency late Monday after torrential rain triggered flash floods across parts of the northeastern United States, including New York, Pennsylvania and Maryland. Governor Phil Murphy urged residents to remain indoors as rescue workers in Scotch Plains waded through fast-moving water to reach stranded drivers....

Supreme Court orders new review of voting rights

 

WASHINGTON. The Supreme Court on Monday set aside appeals-court rulings and sent two cases involving Section 2 of the Voting Rights Act back to lower courts, ordering further consideration of whether private individuals and advocacy groups can sue to challenge state legislative maps drawn after the 2020 Census. In the...

United States warns Iran as oil prices surge

 

The United States saw sharp turbulence in energy and financial markets after President Donald Trump issued a stark warning to Iran on Truth Social, stating that “the clock is ticking” and urging Tehran to act quickly. The message, reported after a security call with Israeli Prime Minister Benjamin Netanyahu, raised...

Trump Endorsement Intensifies High-Stakes Texas Senate Runoff Race

 

ALLEN, Texas. President Donald Trump endorsed Texas Attorney General Ken Paxton on Tuesday at a campaign event in Allen, amplifying Paxton's push against incumbent Sen. John Cornyn as early voting began this week ahead of the May 26 Republican U.S. Senate runoff; the contest follows a March 3 primary where...

United States bitcoin ATM giant files for bankruptcy

 

Bitcoin Depot Inc. (NASDAQ: BTM), the largest bitcoin ATM operator in the United States, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, according to court filings reported this week. The Atlanta-based company simultaneously shut down its entire global network of...

Trump Drops $10B IRS Suit Amid Resolution Reports

 

Washington. President Donald Trump on Monday moved to withdraw his $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns, filing the notice in federal court in Florida; the filing followed reports last week that his administration was prepared to resolve the matter in connection...

Investec files Form 8.5 disclosures for four UK firms

 

United Kingdom. Investec Bank plc disclosed client-serving dealings in shares of four UK-listed companies — NCC Group plc, Treatt Plc, Gamma Communications Plc and Advanced Medical Solutions Group Plc — executed on 15 May 2026. Taiwan News published the Form 8.5 notices on 18 May 2026, listing Investec's connections to...