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9 min agoAccording to a Financial Times investigation, Moscow has deployed seasoned military experts to assist Tehran in developing supersonic cruise missiles that could menace American warships in the Middle East. The two nations have deepened their military partnership through an exchange of weaponry and tactical knowledge.24 min agoUber announced the elimination of approximately 3,300 positions, or 10 percent of its global workforce, as part of organizational changes designed to simplify management structures and reduce administrative layers. CEO Dara Khosrowshahi said the company's rapid growth over five years has created unnecessary complexity, and the cuts will help redirect resources toward innovation and autonomous vehicle development.39 min agoA federal judge in Virginia rejected the Department of Justice's demand that Google sell its advertising exchange. Judge Leonie Brinkema accepted behavioral remedies instead, finding a forced sale would be technically difficult and harmful to customers. Google faced the lawsuit after the DOJ and multiple states challenged its advertising technology market power in 2023.39 min agoBrydon Carse has been omitted from England's 15-man squad for the third Test against Pakistan at Edgbaston. The seam bowler was stood down before the second Test after being arrested and then de-arrested; Derbyshire Police is investigating an allegation of assault at a Derby nightclub.54 min agoA judge in Majadahonda, Madrid has summoned Begoña Gómez, wife of Spain's president, to testify after far-right activist Vito Quiles filed a complaint accusing her of filing a false assault report against him. The incident occurred at a restaurant in Las Rozas, and both are scheduled to appear on 23 October. A judge had previously dismissed Gómez's original complaint against Quiles after reviewing video evidence.54 min agoBerkshire Hathaway Chief Executive Greg Abel said the conglomerate sees significant opportunities for its energy business as AI data centers expand. Abel and Chairman Warren Buffett authorized an additional $10 billion investment in Alphabet three months ago, viewing Google as a significant player in artificial intelligence.1 h agoTreasury Secretary Scott Bessent identified airlines, the maritime sector and digital assets as possible sanctions targets as the Trump administration moves to squeeze Iran's economy. He cautioned all nations against supporting Tehran, calling such backing the main obstacle to resolving the conflict.1 h agoFrench police dismantled a criminal gang planning to kidnap and rob wealthy targets including footballer Kylian Mbappé. The gang was led by 18-year-old Clément L., a Franco-Swiss inmate coordinating from Villepinte prison via smuggled mobile phones and Snapchat under alias "Lester Z". Police found approximately 26 targets' addresses including rappers, footballers and businessmen on seized devices.1 h agoUkrainian President Volodymyr Zelenskyy warned that a surge in Ukrainian drones in Russian skies would make Russian airspace "effectively" closed. Chinese and Gulf state airlines are among carriers still operating there, while Russian drones have struck Kyiv for a seventh consecutive day.1 h agoNvidia CEO Jensen Huang pressed G20 countries to avoid writing regulations for artificial intelligence that focus on theoretical harms at a tech-focused meeting in Chapel Hill, North Carolina, on Wednesday. Huang appeared alongside U.S. Commerce Secretary Howard Lutnick.9 min agoAccording to a Financial Times investigation, Moscow has deployed seasoned military experts to assist Tehran in developing supersonic cruise missiles that could menace American warships in the Middle East. The two nations have deepened their military partnership through an exchange of weaponry and tactical knowledge.24 min agoUber announced the elimination of approximately 3,300 positions, or 10 percent of its global workforce, as part of organizational changes designed to simplify management structures and reduce administrative layers. CEO Dara Khosrowshahi said the company's rapid growth over five years has created unnecessary complexity, and the cuts will help redirect resources toward innovation and autonomous vehicle development.39 min agoA federal judge in Virginia rejected the Department of Justice's demand that Google sell its advertising exchange. Judge Leonie Brinkema accepted behavioral remedies instead, finding a forced sale would be technically difficult and harmful to customers. Google faced the lawsuit after the DOJ and multiple states challenged its advertising technology market power in 2023.39 min agoBrydon Carse has been omitted from England's 15-man squad for the third Test against Pakistan at Edgbaston. The seam bowler was stood down before the second Test after being arrested and then de-arrested; Derbyshire Police is investigating an allegation of assault at a Derby nightclub.54 min agoA judge in Majadahonda, Madrid has summoned Begoña Gómez, wife of Spain's president, to testify after far-right activist Vito Quiles filed a complaint accusing her of filing a false assault report against him. The incident occurred at a restaurant in Las Rozas, and both are scheduled to appear on 23 October. A judge had previously dismissed Gómez's original complaint against Quiles after reviewing video evidence.54 min agoBerkshire Hathaway Chief Executive Greg Abel said the conglomerate sees significant opportunities for its energy business as AI data centers expand. Abel and Chairman Warren Buffett authorized an additional $10 billion investment in Alphabet three months ago, viewing Google as a significant player in artificial intelligence.1 h agoTreasury Secretary Scott Bessent identified airlines, the maritime sector and digital assets as possible sanctions targets as the Trump administration moves to squeeze Iran's economy. He cautioned all nations against supporting Tehran, calling such backing the main obstacle to resolving the conflict.1 h agoFrench police dismantled a criminal gang planning to kidnap and rob wealthy targets including footballer Kylian Mbappé. The gang was led by 18-year-old Clément L., a Franco-Swiss inmate coordinating from Villepinte prison via smuggled mobile phones and Snapchat under alias "Lester Z". Police found approximately 26 targets' addresses including rappers, footballers and businessmen on seized devices.1 h agoUkrainian President Volodymyr Zelenskyy warned that a surge in Ukrainian drones in Russian skies would make Russian airspace "effectively" closed. Chinese and Gulf state airlines are among carriers still operating there, while Russian drones have struck Kyiv for a seventh consecutive day.1 h agoNvidia CEO Jensen Huang pressed G20 countries to avoid writing regulations for artificial intelligence that focus on theoretical harms at a tech-focused meeting in Chapel Hill, North Carolina, on Wednesday. Huang appeared alongside U.S. Commerce Secretary Howard Lutnick.

BREAKINGEconomy

Warsh points to possible rate hikes as inflation stays stubbornly high

Kevin Warsh said Friday that inflation remains too high and interest rates may need to go up in the months ahead, a clearer signal than he had previously given.

NXEWS NewsroomAug 28, 2026, 8:49 PMUpdated 3 d ago1 min read

Archive photoThe White House·Wikimedia Commons·Public domain

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