The United States carried out additional airstrikes against Iranian Revolutionary Guards targets, killing five IRGC Aerospace Force members in Kermanshah.
Argentine President Javier Milei escalated a dispute with Britain over the Falkland Islands with tougher sanctions targeting companies involved in a major offshore oil project.
Diesel hit a record price of $5.85 per gallon Friday, eclipsing its prior mark of $5.81 set in June 2022.
World
Argentine President Javier Milei announced plans for tough new sanctions on oil companies working near the Falklands islands, escalating the long-running dispute over the British-controlled territory.
Milei vowed to fast-track sanctions against companies involved in oil projects around the islands and extend penalties to suppliers, shareholders and directors, with proposed legislation that could also bar companies tied to such projects from operating in Argentina.
The right-wing libertarian leader's comments came after Trump suggested earlier this week that Washington could review its long-held position of maintaining strategic ambiguity on the question of the territory's sovereignty, while accepting de facto British rule.
Business
Volkswagen announced plans to cut 50,000 jobs as part of a historic transformation responding to tariff pressures and Chinese competition.
The Dow fell 0.51% Friday as hotter-than-expected August job growth of 162,000 raised expectations for a Fed rate hike.
NBA suspended Clippers owner Steve Ballmer for a year as a result of a salary cap probe involving Kawhi Leonard.
Technology
OpenAI released GPT-6 Astra and declared the arrival of the AGI era.
Nvidia made its biggest acquisition ever with a $12.93 billion deal for Hugging Face.
Tesla put wheel-free Cybercabs on Austin streets and immediately drew a federal safety probe.
Science
Harvard researchers transformed ordinary knitting into fabrics that can snap between different shapes and perform useful functions using elastic yarns and industrial techniques.
A substance found in edible sea squirts appeared to reverse several signs of aging in older mice by improving memory, learning, and reducing inflammation.
MIT researchers created bacterial transistors that can be wired together into living circuits capable of performing calculations and directing chemical signals.
Economy
US added 162,000 jobs in August, significantly beating the consensus estimate of 55,000, prompting financial markets to reassess Fed rate expectations.
Traders are now pricing in a 58% chance of a Fed rate hike, up from 49.4% a day ago, with the decision coming at the September 15-16 meeting.
Inflation rate decreased to 3.40 percent in July from 3.50 percent in June, though central bankers remain focused on whether price pressures will persist.
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