The second biggest teachers union in the United States unveiled a groundbreaking partnership Tuesday with AI powerhouses Microsoft, OpenAI, and Anthropic to develop a comprehensive training program helping educators master artificial intelligence. Microsoft is contributing $12.5 million, OpenAI $10 million, and Anthropic $500,000.
A US jury on Tuesday handed WhatsApp a major victory in its cyberespionage suit against NSO Group, ordering the Israel-based firm to pay some $168 million in damages. A jury on Tuesday found that NSO should pay WhatsApp $444,719 in compensatory damages and another $167,254,000 in punitive damages intended to discourage repeating the behavior that landed it in court.
President Donald Trump on Tuesday said the United States should stop "subsidizing" Canada, as he hosted the country's recently reelected premier Mark Carney for talks in Washington. The United States' trade deficit with Canada was $63.3 billion last year, according to the US Trade Representative's office.
The naira has crashed to its lowest in May at N1,609 to the dollar as volatility returned to the Nigerian foreign exchange market and is firm in the black market.
Cascador has partnered Sterling Bank to launch a $2 million fund to support mid-stage entrepreneurs in several sectors, including logistics, healthcare, and others.
Nigeria is set to establish direct air routes with South America and boost economic and diplomatic relations. A delegation from Nigeria is discussing the details.
There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday. Bessent's remarks contrast with those of Trump, who was asked in a recent interview if the United States could enter a recession.
Since 2019, over 400 filling stations in border communities have been shut down, but the federal government recently lifted the restriction, allowing some to resume.
The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats. His Labour government added it is "the biggest and most economically significant bilateral trade deal the UK has done since leaving the EU".
A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF. KHNP won the contract last July after beating EDF in the tender, but the French giant filed an appeal with the Czech antitrust watchdog UOHS. When the UOHS rejected the appeal last week, EDF filed a lawsuit.
Economy
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