An investment company from Argentina bought most of Flybondi airline after the carrier faced serious money problems. Leonardo Scatturice leads COC Global Enterprise and completed the deal for the budget airline. Flybondi became Argentina's first low-cost carrier but struggled to pay its bills. The company owed $127 million and canceled hundreds of flights when El Palomar Airport closed during the pandemic. Aviation experts believe the purchase could bring back policies that helped cheaper airlines compete.
Scatturice has connections to American conservative politics and worked with Trump advisers. He organized a political conference where President Javier Milei spoke as the main guest. Argentine media linked him to spy activities...
Federal Reserve Chair Jerome Powell appeared before House lawmakers Tuesday to discuss the central bank's latest interest rate decision. The Fed kept rates unchanged for the fourth consecutive meeting despite pressure from President Trump. Powell plans to testify before the Senate Banking Committee Wednesday. He told representatives the Fed will study how Trump's tariffs affect inflation before making rate changes. The central bank wants more economic data before adjusting monetary policy.
Interest rates stay between 4.25 percent and 4.5 percent after the Federal Open Market Committee voted unanimously last week. Powell explained that inflation remains above the Fed's 2 percent goal. Trump's tariff policies will likely push consumer...
California Representative Robert Garcia won the race to lead House Democrats on the Oversight Committee. Garcia defeated Massachusetts Representative Stephen Lynch during Tuesday voting. The California Democrat earned 150 votes compared to Lynch's 63 votes. Politico reported the results from the closed-door caucus meeting. The secret ballot took place in the Capitol basement.
Garcia will likely become committee chairman if Democrats capture the House during next year's elections. The representative plans to investigate President Trump for corruption charges. Garcia wants to reform how the federal government operates. He told reporters that real efficiency means making government serve people better. The congressman rejected comparisons...
A federal judge decided Anthropic did not break copyright laws when the company used millions of books to teach its artificial intelligence system. Judge William Alsup said Monday that training the AI counted as fair use under the law. The ruling helps Anthropic defend against claims from authors who sued the company. Alsup found that using copyrighted materials to train AI systems falls within legal boundaries. The decision marks an important win for AI companies facing similar lawsuits.
Anthropic still faces serious legal trouble over how it obtained the books used for training. The judge said the company must stand trial for allegedly downloading pirated copies of books. Alsup wrote that Anthropic cannot escape responsibility for...
Thailand shut down most border crossings with Cambodia after diplomatic relations hit their lowest point in years. Thai military forces blocked nearly all vehicles and people from crossing between the two countries on Monday. The closures affect seven Thai provinces and stop international tourists and traders from moving freely between nations.
Relations between the countries turned sour after soldiers from both sides exchanged gunfire in May. One Cambodian soldier died during the border clash in disputed territory. The incident sparked ongoing tensions and growing nationalism on both sides of the border.
Both governments have imposed various restrictions against each other since the fighting occurred. Cambodia banned Thai movies and...
Israel ordered new attacks against Iran just hours after a ceasefire began between the two countries. Israeli forces detected two missiles fired from Iran toward Israeli territory. Military leaders said Iran had broken the peace agreement. Defense officials told troops to respond with force against the missile launches. Several Israeli politicians demanded immediate action against Iran.
The ceasefire had started early Tuesday morning after both sides agreed to stop fighting. President Donald Trump helped arrange the peace deal between Israel and Iran. Israeli Prime Minister Benjamin Netanyahu accepted the American proposal for ending hostilities. Iran fired what it called final shots as the ceasefire was about to begin. Iranian leaders...
Brazil has more millionaires than any other Latin American country. The UBS Global Wealth Report shows 380,585 Brazilians own at least one million dollars. This number puts Brazil at 19th place around the world. Experts expect Brazil to have 470,000 millionaires within four years. The country leads Mexico and Chile as the region grows richer.
Most Brazilian millionaires fall between one million and five million dollars in wealth. These people are called everyday millionaires or EMILLIs. Above them sit ultra-rich families with more than 30 million dollars each. Brazil also has some of the world's wealthiest individuals. Eduardo Saverin from Facebook became the richest Brazilian ever with 38 billion dollars.
Several factors help create...
Amazon plans to bring faster delivery service to small towns and rural areas before 2026 ends. The company will expand Prime shipping to places like North Padre Island in Texas and Asbury in Iowa. Customers can check online to see if their area qualifies for the new service. Amazon wants people everywhere to receive packages the same day or next day. The goal makes delivery speed equal between big cities and small communities.
The retail giant will spend more than $4 billion to make its delivery network three times larger. Amazon will change rural shipping stations into storage centers that hold popular items. The company uses computer programs to learn what people in each area buy most often. Local stores will stock wild bird food in...
Federal safety officials reached out to Tesla after videos showed robotaxis breaking traffic rules in Austin. The National Highway Traffic Safety Administration said it knows about these problems and wants more details from the company. Officials will keep checking all car makers to make sure they follow safety laws. The agency does not approve new car technology before companies use it. Car makers must promise their vehicles meet safety rules.
Social media videos showed a robotaxi driving on the wrong side of a street after missing a left turn. Another robotaxi drove past where it should have stopped. Some robotaxis made sudden stops around other cars. Others reacted strangely when police cars were nearby.
Tesla boss Elon Musk...
