Breaking News

Business News

Brazil presents road map away from fossil fuels and toward renewable energies at UN climate talks

ANTALYA, Turkey (AP) — Brazil offered countries trying to wean themselves off the fossil fuels that cause climate change a road map toward renewable energies on Tuesday, the second day of U.N. climate talks in Turkey. The promised document by Brazil, which ran last year's climate conference, proposed a "transition away from fossil fuels" at this year's talks, known as COP31 in the Turkish resort city of Antalya. It stresses different "levers" countries can use to transition from coal, oil and gas to cleaner sources, like wind and solar, which don't release the heat-trapping gases ...

IRS raises 2027 standard deduction and child tax credit

NEW YORK (AP) — The IRS released its annual inflation adjustments for the 2027 tax year, raising the standard deduction and the child tax credit. These adjustments will apply for tax returns filed in 2028. Many of the increases, which the IRS released on Nov. 5, are routine and rise each year based on how much prices climbed. For 2027, that increase is about 3.2%. But several of the most popular tax breaks that Republicans included in their 2025 law remain fixed and do not adjust for inflation, meaning they will be worth slightly less each year. The standard deduction for single ...

Mazda to cease production on short-lived CX-70

If the three-row Mazda CX-90 floats your boat, its two-row companion offers gigantic cargo space and a near-luxury cabin albeit for a hefty price compared with rivals. Just in — Mazda has announced the CX-70 will cease production next year while folding it into the CX-90 — offering a ...

Nvidia must find a way forward after CEO resignation

Nvidia CEO Jensen Huang resigned Thursday, capping a spectacular downfall for a poster boy of the artificial intelligence boom whose exit following reports of extramarital affairs now thrusts the chipmaker into an uncertain future. After a dizzying series of headlines about Huang’s ...

Microsoft reports progress as it works to recover email and other services in a global outage

Microsoft said progress is being made in bringing its popular workplace software back online as a global outage enters its second day, disrupting business communications, police emergency calls, court operations and AI tools. The outage, which affected a wide range of Microsoft 365 services including Outlook, Teams and AI assistant Copilot, left many complaining they couldn't access their emails. Microsoft indicated that it was making some headway as it tried to restore services, in fresh updates posted Friday on social media. “We’re seeing encouraging recovery progress, with ...

Is Outlook down? Widespread outage hits Microsoft apps

CHICAGO (AP) — A widespread outage hit Microsoft platforms including Outlook on Thursday, with many users encountering trouble using their email accounts and other errors across the tech giant's suite of apps. Nearly 130,000 users on outage tracker Downdetector reported problems accessing Outlook just after 1 p.m. ET. New reports have since fallen from that peak, but many said they couldn't send and receive emails, or had trouble loading their inboxes altogether. Thousands also reported issues with Microsoft's workplace messaging app Teams, as well as its AI assistant Copilot and ...