Economy

Economy Latest News

Anthropic touts improved Claude AI models
Anthropic touts improved Claude AI models
by  AFP

Anthropic unveiled its latest Claude generative artificial intelligence (GenAI) models on Thursday, claiming to set new standards for reasoning, coding, and digital agent capabilities. "Claude Opus 4 is our most powerful model yet, and the best coding model in the world," Anthropic co-founder and chief executive Dario Amodei said as he opened the event.

Trump hosts gala for memecoin buyers despite corruption concerns
Trump hosts gala for memecoin buyers despite corruption concerns
by  AFP

US President Donald Trump on Thursday will host a private event for hundreds of top investors in his crypto memecoin, with leaders of the Democratic opposition blasting it as "an orgy of corruption." The top 25 investors, according to an event website, will get a private session with Trump beforehand and a White House tour.

State Dept says Chevron must leave Venezuela, even as American freed
State Dept says Chevron must leave Venezuela, even as American freed
by  AFP

The US State Department said Thursday that Chevron must wrap up operations in Venezuela next week as scheduled, contradicting an envoy who told a podcast differently after Caracas freed an American. Asked about the contradicting messages, State Department spokeswoman Tammy Bruce said Rubio was "making it clear that that license is going to expire."

Disney suspends Venezuelan workers after protected status revoked
Disney suspends Venezuelan workers after protected status revoked
by  AFP

Entertainment giant Disney has placed at least 45 Venezuelan employees on unpaid leave, the company told AFP Thursday, following the US Supreme Court's decision to allow the revocation of a special legal status that shielded them from deportation.

California's electric car drive put on blocks by US Senate
California's electric car drive put on blocks by US Senate
by  AFP

US senators on Thursday blocked California's landmark mandate phasing out gas-powered cars, dealing a blow to the state's move towards electric vehicles in a pointed rebuke of Democratic climate change policies. "California got special permission from the Biden administration to ban gas-powered cars.