LOS ANGELES — California Governor Gavin Newsom signed an executive order Friday directing state officials to explore the feasibility of imposing a mandatory "kill switch" for the most advanced AI models. Newsom, widely seen as a possible Democratic presidential contender in 2028, said he was making the move because U.S. President Donald Trump was doing nothing on the issue. The Republican leader this week dismissed fears over AI as a hoax and is urging U.S. AI companies to keep advancing in order to stay ahead of China in developing the novel technology. California is home to Silicon Valley and the AI firms at the forefront of the sector. "The federal government's abject failure to create any form of meaningful AI oversight or accountability should alarm every American, especially when AI CEOs themselves are begging for regulation," Newsom said in a statement. "We're not waiting to act — we're going to speed up our work on substantial and responsible AI oversight before it's too late." The order comes days after dire warnings from industry insiders about the threat the technology poses

LONDON — Revenge has rarely been so stylish. A striking black dress worn by the late Princess Diana on the day her estranged husband publicly admitted adultery is going up for auction at Sotheby’s, with a presale estimate of up to $300,000. First, the “revenge dress,” as it has become known, is going on an international tour, testament to the enduring global fascination with Diana almost 30 years after her death. The garment, which went on public display Friday at Sotheby’s in London, was worn by Diana on June 29, 1994, the broadcast date of an interview in which the then-Prince Charles acknowledged infidelity. Diana, who knew the revelation was coming, chose to wear the figure-hugging, off-the-shoulder silk dress by Greek designer Christina Stambolian for a gala at London’s Serpentine Gallery. Morgane Halimi, Sotheby’s global head of handbags and fashion, said Diana chose the “beautiful and powerful outfit” as a way to seize control of her own story. “She always used fashion as a way of expression, but this time (it) was a way to communicate her personal expression of

WASHINGTON — Influential U.S. billionaire investor Warren Buffett stepped down as chairman of Berkshire Hathaway, the conglomerate announced Friday. The news brings to an end the revered investor's more than half a century of running the group, which he turned into a financial behemoth. Buffett's resignation is "effective immediately," although he will remain a member of the board of directors as chairman emeritus, Berkshire Hathaway said in a statement. Buffett's son Howard Buffett will take over as chairman, the statement added. The 96-year-old had announced plans last year to retire from leading the business group. Berkshire Hathaway, a former small textile company, has grown over the years into a gigantic conglomerate under Buffett's leadership, and is now worth over $1 trillion on Wall Street -- a first for an American group outside the tech sector. Today, his conglomerate owns dozens of businesses, from Duracell batteries to U.S. insurer Geico, and shares in carefully selected companies, from Coca-Cola to Bank of America. "Father Time always wins. He has, however, been generous with

FRANKFURT — The prospect of a new global interest rate-tightening cycle is coming into view as some of the world's top central banks raise rates and signal more may be needed to tame inflation fuelled by the Iran war. Key rates are already much higher than the rock-bottom levels from the last hiking cycle that began in 2022. But central bankers are under market pressure to show that they are prepared to raise them further to tame inflation expectations and rein in long-term bond yields at multidecade highs. The Bank of Japan became the latest big central bank to tighten on Friday, following rate increases by the Federal Reserve two days before and the European Central Bank last week. The Bank of England left rates unchanged this week but flagged that inflation pressures could require further action. "Our policy phase has changed," BOJ Governor Kazuo Ueda said as the bank signalled it was prepared to keep pushing up borrowing costs. The moves, while formally independent of each other, reflect a shared concern among policymakers that higher oil and gas costs resulting from the Iran war ra

SEATTLE — President Lee Jae Myung’s proposal to expand South Korea’s maritime security role in the Strait of Hormuz while ruling out involvement in the war represents a “realistic and constructive” contribution, but may not be enough to satisfy U.S. President Donald Trump, a U.S. expert said. Scott Snyder, president and CEO of the Korea Economic Institute of America (KEI) and a longtime scholar of South Korea-U.S. alliance and security issues, said Lee’s approach is consistent with how South Korea has responded to similar U.S. requests in the past. “Something along those lines represents a realistic and constructive offer from South Korea, but by President Trump’s logic such a limited contribution may not pass muster,” Snyder told The Korea Times. Lee said Friday that South Korea would not deploy troops or military assets in a way that would involve the country in the war, while confirming that Seoul is considering strengthening the role of the Cheonghae Unit to protect Korean commercial vessels, oil shipping routes and citizens. Snyder noted that South Korea responded

NEW YORK — Wall Street was mixed on Friday as benchmark U.S. Treasury yields topped 5 percent, and crude prices reversed earlier gains but remained above $100 per barrel, keeping inflation worries front and center. Investors approached the end of a week that was essentially split in two: first, restless anticipation in the days before the U.S. Federal Reserve's widely expected interest rate hike, and then the aftermath of that decision. A semiconductor rally helped the Nasdaq evade the broader selloff, which pulled the S&P 500 and the Dow marginally lower. The S&P 500 is on track to end the session with a weekly loss, while the tech-laden Nasdaq is on course to end nominally higher than last Friday's close. The blue-chip Dow is headed for its biggest weekly percentage decline since March. Inflation concerns remained prominent as crude prices stayed above $100 per barrel, but they paused their upward climb after China, at the request of Saudi Arabia, asked Iran to limit attacks by Houthi rebels on Saudi oil infrastructure. Soaring oil prices have sent diesel prices to record levels, whic

WASHINGTON — U.S. President Donald Trump has extended an executive order that would impose a fee of $100,000 for H-1B non-immigrant visas by another year, the White House said on Friday. U.S. employers seeking to hire skilled foreign workers can use the federal government's H-1B visa program for a fee, allowing tech and other professionals from abroad to work in the United States for a few years. Trump, who has pursued an aggressive immigration crackdown, has criticized the program and wants to permanently raise the fee from between $2,000 and $5,000 to at least $100,000, though the attempt has faced legal challenges. A Boston-based appeals court is reviewing a June decision by a federal judge who deemed the higher fee imposed by the Trump administration illegal and blocked the government from collecting it. Another court is considering whether a judge properly rejected a challenge to the fee by the U.S. Chamber of Commerce, the largest U.S. business lobbying group. Trump's initial order for a fee hike, first released in September 2025, was set to expire this month. It did not apply to

WASHINGTON — U.S. Treasury Secretary Scott Bessent plans to discuss AI, trade, rare earths and economic issues when he meets with Chinese Vice Premier He Lifeng in New York City this weekend, according to a source familiar with his plans. The discussions are significant because the U.S. and China are the two major forces driving development of advanced AI tools and the global adoption of the technology. Rare earths play a crucial role in the manufacturing of technology. Bessent, U.S. Trade Representative Jamieson Greer and He will meet on Sunday in New York ahead of a summit between US President Donald Trump and Chinese President Xi Jinping on September 24 in Washington, Greer's office said in a statement. "The Trump Administration will continue to pursue balanced trade with China by monitoring the implementation of recent commitments, optimizing trade in non-sensitive goods, and improving market access for American farmers, manufacturers, and workers," Greer said in the statement. Bessent said in a separate statement that he expects the discussions to cover "both open- and closed-weig

Trump says the Iran war will end soon as Yemen fighting intensifies, Iran mobilises volunteers and US missile stocks face growing strain.

US Tightens H-1B Visa Rules, Probes Layoffs and Extends $100,000 Employer Fee

North Korean leader Kim Jong Un's powerful sister, Kim Yo Jong, accused the International Atomic Energy Agency on Saturday of double standards after it adopted a resolution criticizing Pyongyang's nuclear weapons program.

The meeting will be the second between Trump and Xi this year. The two leaders are seeking stability in a relationship under pressure from disagreements over trade, Taiwan, Iran.

The order sets a 30-day deadline for the Secretary of Labour, acting through the Wage and Hour Division, to begin reviewing data from previously submitted labour condition applications

The report cited at least 22 US military fatalities, compared with 18 listed in the Pentagon’s public database.

A new US law targeting Russia’s energy trade has put India’s Russian crude purchases under fresh scrutiny. President Donald Trump has signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, giving the US administration authority to impose tariffs of up to 100% on goods from countries that rank among the largest buyers of Russian oil or natural gas. The legislation does not automatically impose a 100% tariff on India, but creates a legal pathway for such action.India is closely watching the development because Russian crude has become a major part of the country’s energy supply. Recent data has put Russia’s share at more than 40% of India’s crude supplies, while July saw Russian crude account for more than half of India’s imports.The move could have implications for India-US trade negotiations, energy costs, crude sourcing and the wider global oil market. New Delhi has said it remains committed to energy security and will take measures to protect its trade and economic interests n18oc_world

Donald Trump's deal with Denmark to give US "permanent control" over Greenland's security would bar Russia and China from setting up bases in the territory.

Anthony Albanese is in the US for a week, where he will visit Apple's headquarters and lobby the UN.

Trump extends H-1B visa curbs, renews $100,000 payment for another year

Howard Buffett's appointment is the culmination of a well-telegraphed transition for the leadership at Berkshire.

Trump Signs Sanctions Law Targeting Russian Oil Buyers; India And China In Focus

Behind the spectacle of Johannesburg’s circus stages is a social program that trains people from under-resourced communities, helping turn talent into professional skills and paid work in a country struggling with high youth unemployment

Ukrainian President Volodymyr Zelenskyy’s push for stronger sanctions against Russia, alongside grassroots advocacy, has helped advance a major bill in the US Congress aimed at supporting Ukraine and pressuring Moscow. n18oc_worldn18oc_breaking-news

When Xi's plane lands at Joint Base Andrews just outside Washington on Wednesday, Trump will be there to welcome Xi for the state visit, senior administration officials told reporters.

The scrutiny is the latest in a crackdown on India’s US$100 billion (S$127 billion) food industry which has included surprise factory visits and product testing.

President Donald Trump will meet acting Venezuelan President Delcy Rodriguez in New York. This meeting occurs during a reception for leaders attending the UN General Assembly. The leaders are expected to discuss Venezuela's energy sector and a recent oil reserves agreement. This engagement follows Washington's removal of former President Nicolas Maduro in January. Venezuelan opposition leader Maria Corina Machado faces uncertainty regarding her return to the country.

Volodymyr Zelensky has hailed the ‘critically important’ legislation

US intelligence indicated the ship was carrying nuclear weapons-related components, leading American forces to prepare to intercept it, the broadcaster reported, citing four anonymous sources familiar with the incident.

President Donald Trump signs the 2026 Russia and Iran sanctions bill, allowing tariffs of up to 100% on countries buying Russian oil. India and China could be impacted as the US targets funding for Russia’s war in Ukraine. n18oc_worldn18oc_breaking-news

Seeking to settle a lawsuit with 12 states, Paramount has discussed measures to protect the editorial independence of CNN and the divestiture of Comedy Central.

Trump tightens H-1B visa oversight, targeting employer layoffs, wage disparities, outsourcing and alleged fraud while ordering greater scrutiny of applications.

The report, citing five unidentified officials, reported that there had been at least 22 military fatalities, four more than were listed in the data available on the Pentagon's public database.

The longtime chief executive of the Council of Fashion Designers of America says he is stepping down

Other planned events include an arrival ceremony at the White House, a Rose Garden military review and a state dinner with a number of tech CEOs.

US-Iran war LIVE Updates: US President Donald Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 into law, expanding sanctions and tariffs on Russia while extending existing sanctions on Iran.

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