Iran war drives U.S. diesel price to record high as Vance downplays the conflict and its impact

Iran war drives U.S. diesel price to record high as Vance downplays the conflict and its impact

An Iranian government spokeswoman acknowledged Friday that the country is facing economic pressure and shortages, insisting that officials do not deny the difficulties confronting regular Iranians. Fatemeh Mohajerani, speaking at the opening of a 64-bed hospital in the western Ilam Province, said U.S. sanctions had impacted the implementation of infrastructure projects across the country. “The…

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Uber hit with record GDPR fine over automated driver deactivations

Uber hit with record GDPR fine over automated driver deactivations

The Dutch Data Protection Authority (Autoriteit Persoonsgegevens, or AP) has hit Uber with an €824.9 million ($966 million) fine for violating the European Union’s General Data Protection Regulation (GDPR). The regulatory watchdog concluded that the ride-hailing company systematically deactivated driver accounts between 2018 and 2022 using fully automated systems without human intervention, illegally stripping drivers…

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Anthropic targets record IPO powered by 0 billion revenue projection

Anthropic targets record IPO powered by $200 billion revenue projection

As Anthropic prepares for a landmark initial public offering, Wall Street is looking unusually far into the future to value the artificial intelligence startup. Bankers and institutional investors are calculating the company’s enterprise value based on projected 2028 revenues of $190 billion to $200 billion. By anchoring valuation models to metrics two years out, underwriters…

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Japan: Record rains in Chiba kill four people as thousands stranded at Narita Airport

Japan: Record rains in Chiba kill four people as thousands stranded at Narita Airport

Japan’s Meteorological Agency said the most recent deluge was brought by warm, humid air flowing into the country’s east that combined with cold air above to make atmospheric conditions extremely unstable. The rains are expected to last through late on Friday. “This case was an extremely unusual situation, even by Japan’s historical weather standards,” Chiba…

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