Business news

• Microsoft Layoffs Affecting Thousands Could Be 'The Largest in Gaming History': 5 Xbox Studios at Risk

  01-07-2026 13:55 via ibtimes.co.uk
  
  Microsoft's upcoming job cuts across Xbox, sales, and consulting relate to its $100 billion AI investment. Learn which five gaming studios are at risk and the potential impact on the gaming industry.
  
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• Great American Fair Mired in Chaos: Power Failures, Empty Stalls, and $23 Turkey Legs Spark Public Outcry

  01-07-2026 18:34 via ibtimes.co.uk
  
  The Great American State Fair, intended to celebrate America's 250th anniversary, faces criticism due to operational issues, power outages, and high food prices, overshadowing its opening days
  
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• Xbox Reportedly Planning 'Largest Single Layoff Event In Gaming History' With Cuts Set for July 7

  01-07-2026 18:30 via ibtimes.co.uk
  
  Xbox is reportedly preparing the 'largest single layoff event in gaming history,' with fears for Undead Labs, Ninja Theory and other studios as cuts are rumoured to start on 7 July.
  
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• UK 'Alien Capital' Claim: Cambridge Tops a New UFO Sightings Ranking But the Numbers Come With Caveats

  01-07-2026 18:29 via ibtimes.co.uk
  
  Cambridge leads UK cities in police-recorded UFO sightings, with a '1 in 400 lifetime chance' claim. However, the data reflects reports, not confirmed encounters, and lacks a disclosed timeframe.
  
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• Costco, Walmart and Target to Receive Millions as Feds Rush Out $166B 'Illegal' Tariff Refunds

  01-07-2026 18:20 via ibtimes.co.uk
  
  US retailers are set to recover billions in tariff refunds after a court ruling invalidated Trump's emergency powers. The refund programme, one of the largest in history, is underway.
  
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• FBI Says All 3 Nancy Guthrie Ransom Notes Were Fake as Doubts Grow Over Whether She Was Abducted for Ransom

  01-07-2026 18:17 via ibtimes.co.uk
  
  Federal investigators have determined that all ransom notes in the Nancy Guthrie case are fake, leaving the high-profile disappearance unsolved and without a clear motive.
  
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• Australia To Lose Life-Saving Opioid Drug As Trump Administration Pricing Changes Ripple Worldwide

  01-07-2026 18:15 via ibtimes.co.uk
  
  Australia will lose access to the life-saving opioid treatment Sublocade as experts warn global drug pricing pressures and US policy changes could threaten more medicines.
  
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• 'Nope, Not Today': RFK Jr. Ruthlessly Trolled After Bailing on Live TV Presidential Fitness Test Pull-Up

  01-07-2026 18:12 via ibtimes.co.uk
  
  Robert F. Kennedy Jr.'s failed pull-up attempt at a youth fitness event in Atlantic City went viral, overshadowing the relaunch of the Presidential Fitness Test and sparking social media mockery.
  
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• Space Technology Reveals Deadly Venezuela Earthquakes Shifted Earth's Crust By 30 Centimetres

  01-07-2026 18:10 via ibtimes.co.uk
  
  Space satellites detected northern Venezuela's crust shifting by 30 centimetres after twin deadly earthquakes, revealing hidden ground movement invisible from the surface.
  
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• Tesla's Missing Autopilot Data Showed It Detected A Hazard Before Fatal Crash, Despite Claims It Was Missing

  01-07-2026 18:08 via ibtimes.co.uk
  
  A judge upheld a $243 million verdict against Tesla over a fatal Autopilot crash, citing recovered data showing the system detected a hazard before impact.
  
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• 'You Cannot Board Like That': Fitness Influencer Edda Elisa Pilz Says Lufthansa Called Her 'Naked'

  01-07-2026 18:07 via ibtimes.co.uk
  
  German influencer Edda Elisa Pilz claims Lufthansa staff prevented her from boarding due to her gym outfit, sparking debate over airline dress codes and treatment of passengers.
  
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• 'I Thought I Was Going to Die': Chris Brown Faces $13M Verdict After Housekeeper Mauled by Dog

  01-07-2026 18:05 via ibtimes.co.uk
  
  Chris Brown must pay $13 million after a jury ruled in favour of a housekeeper injured in a dog attack at his California home. The verdict adds to Brown's legal troubles.
  
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• Elon Musk Seeks One Name Tied to Aid Cuts; NYT Journalist Responds With Detailed List

  01-07-2026 17:50 via ibtimes.co.uk
  
  Elon Musk disputes claims that USAID cuts led to deaths, challenging critics to name victims. Nicholas Kristof responds with documented cases, highlighting the humanitarian impact of reduced foreign aid.
  
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• Should Melania Trump Be Jealous? Secret Service Reportedly Flagged 'Aggressive Attention' of Trump's Aide Natalie Harp

  01-07-2026 17:43 via ibtimes.co.uk
  
  Natalie Harp's close relationship with Donald Trump has sparked controversy, drawing Melania Trump into the spotlight. Speculation surrounds Harp's role, with concerns about her influence and devotion.
  
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• Crypto Overtakes Real Estate: Trump's 927-Page Financial Leak Reveals $1.4B Digital Empire, Melania's $11M Movie Deal

  01-07-2026 17:33 via ibtimes.co.uk
  
  A financial disclosure reveals Donald Trump's wealth is now centred on a $1.4 billion digital empire, with crypto surpassing traditional real estate, raising questions about political influence.
  
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• 'Am I Next?': Mayim Bialik Recalls Scary Encounter With Anti-Zionism Shirts, Critics Say She Overreacted

  01-07-2026 17:33 via ibtimes.co.uk
  
  Mayim Bialik's account of a frightening encounter with a man in an anti-Zionism T-shirt has sparked online debate, highlighting polarized views on antisemitism.
  
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• Mark Zuckerberg Claims AI Won't Destroy Jobs — Just Weeks After Meta Lays Off 8,000 Employees

  01-07-2026 17:31 via ibtimes.co.uk
  
  Mark Zuckerberg has dismissed fears that AI will trigger mass job losses, arguing that 'personal super intelligence' could expand employment even as Meta cuts thousands of roles.
  
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• A $28 Distraction? Meghan Markle Breaks Silence with Brand Launch Amid Chaos Over Cancelled UK Visit

  01-07-2026 17:27 via ibtimes.co.uk
  
  Meghan Markle launches Lavender Honey as speculation grows over her family's potential UK visit with Prince Harry. Meanwhile, her lifestyle brand faces ongoing trademark challenges.
  
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• Elon Musk Claims Feminism 'Killed' Women's Happiness—But Critics Blast Him Over His Own Estranged Children

  01-07-2026 17:26 via ibtimes.co.uk
  
  Elon Musk's comments on feminism and family life have sparked a heated online debate, with critics questioning his personal life and supporters agreeing with his views on societal shifts.
  
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• How Trump is Allegedly Weaponising Iran Ceasefire to Manipulate Global Oil Markets

  01-07-2026 17:22 via ibtimes.co.uk
  
  Donald Trump is considering whether to continue negotiations with Iran or resume military strikes, amid tensions in the Strait of Hormuz affecting global oil supplies.
  
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• Bronny James FINALLY Gets His Own Shot? Why LeBron's Lakers Exit Could Be Career Break He Desperately Needed

  01-07-2026 17:16 via ibtimes.co.uk
  
  Bronny James, son of NBA legend LeBron James, now has the chance to establish his own identity with the Lakers as LeBron departs, potentially benefiting his long-term development.
  
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• Kai Trump Defies Grandpa Donald, Attends Ariana Grande Concert After 'Barbaric' White House Feud

  01-07-2026 17:15 via ibtimes.co.uk
  
  Kai Trump shared clips from Ariana Grande's Eternal Sunshine concert in Florida, just weeks after the pop star branded a Trump White House immigration video using her song 'barbaric' and 'heinous nonsense.'
  
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• King Charles's Cancer Battle Reportedly Deepens Palace 'Frustration' as Prince Harry's Security Row Blocks Kids' UK Visit

  01-07-2026 17:14 via ibtimes.co.uk
  
  Prince Harry's planned UK visit faces uncertainty due to a security dispute, compounded by King Charles's health issues, highlighting ongoing tensions within the royal family.
  
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• Trump's Self-Branded US Passport Includes an Embarrassing Design Flaw That Proves He Doesn't Know Who Uses Them

  01-07-2026 17:07 via ibtimes.co.uk
  
  President Trump unveils a limited-edition US passport with his image and a controversial message, sparking debate over its design and intent.
  
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• Why Prince Harry and Meghan Markle Allegedly Still Can't Accept They Are No Longer 'VIP Royals'

  01-07-2026 17:00 via ibtimes.co.uk
  
  Prince Harry and Meghan Markle's planned UK visit is uncertain due to a dispute over taxpayer-funded security, highlighting ongoing tensions about their royal status and family dynamics.
  
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• Couple Paid $9,286 on a $138,000 Home in One Year: More Than $8,300 Went to Interest

  01-07-2026 16:57 via ibtimes.co.uk
  
  Why a viral clip's $138,000 home paid over $8,300 in interest in a year has gained traction online and how shorter terms cut the cost.
  
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• 'Preposterous and Atrocious': JD Vance Rages at Supreme Court After 6-3 Defeat on Birthright Citizenship

  01-07-2026 16:49 via ibtimes.co.uk
  
  Vice President JD Vance has attacked the Supreme Court following a 6–3 ruling that upholds birthright citizenship, labelling the decision an atrocious mistake and signalling a major escalation in the administration's immigration crackdown.
  
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• Big Tech's Next AI Battle Isn't Chatbots: It's Data Centres Worth Hundreds of Billions

  01-07-2026 16:48 via ibtimes.co.uk
  
  The biggest AI race is no longer about smarter chatbots. Technology giants are investing hundreds of billions in computing power and data centres that could determine the industry's future.
  
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• The Pitt Season 3 Adds 6 New Cast Members Following 'Bumpy' Roster Shake-Up, Fan-Favorite Exits

  01-07-2026 16:37 via ibtimes.co.uk
  
  HBO Max's The Pitt Season 3 introduces six new cast members, aiming to stabilise the series after recent departures, amidst mixed fan reactions and ongoing uncertainty.
  
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• Region Trade Bank Appoints International Financial Leaders as Iraq Expands Global Banking Ambitions

  01-07-2026 16:29 via ibtimes.co.uk
  
  Region Trade Bank appoints a new board of directors with global financial experts to enhance governance and compliance, supporting Iraq's banking sector modernisation and international integration.
  
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