Australian regulators have launched an investigation into xAI’s Grok chatbot after users were found using its image-generation tools to create sexually explicit fake images of women and minors without their consent. The probe follows reports that Grok’s “Imagine” feature could be used to remove clothing from uploaded photographs, including images of children, prompting strong criticism…
The investment behemoth KKR has signed an agreement to acquire the professional sports stakeholder company Arctos Partners in a transaction estimated at $1 billion. The purchase also marks a major stake for KKR in pro leagues such as the NBA, MLB, NHL and European soccer. The founder of Arctos, Ian Charles, will remain at the helm of the division under the agreement, and with additional incentives that could boost the value of the deal to $1.5 billion. The deal still needs to be approved by the league, specifically so that there’s no conflict of interest in the old boys’ sports club.
Six people have died and thousands have been stranded as snow and ice paralyse much of Europe in a severe winter storm. Five deaths in France were attributed to icy roads, and a woman was killed by a falling tree in Bosnia. Major travel hubs such as Amsterdam’s Schiphol and Paris’s Charles de Gaulle airports have cancelled hundreds of flights, while airlines have been running out of de-icing fluid. High-speed Eurostar services and rail networks within the Netherlands also experienced major delays, with travellers having few alternatives.
The White House has confirmed that U.S. President Donald Trump is mulling the possibility of several options including military action to acquire Greenland, whose sale was disrupted by the outbreak of World War II seven decades ago. Officials dubbed the Arctic island a national security priority to thwart influence by Russia and China. The move drew a stinging rebuke from European leaders, who signed a joint statement backing Greenland’s sovereignty and Denmark’s territorial rights. The U.S. would prefer a diplomatic buy or partnership, though the unwillingness to entirely rule out force has set off nerves within NATO, particularly after the Venezuelan military move in South America.
The United States and Venezuela have reached a $2 billion oil export agreement that will reroute stranded crude shipments originally bound for China, following Trump-era sanctions and intensified US action against the Maduro government. Between 30 and 50 million barrels of Merey crude, worth roughly $1.9 billion, will be sold at market prices, with the proceeds overseen by the US administration. Chevron will lead the joint venture, exporting the oil mainly to refiners along the US Gulf Coast. Washington is also pressing major oil companies to invest billions of dollars to rebuild Venezuela’s oil fields, enabling them to recover unpaid expropriation claims. Analysts say more than $10 billion in fresh investment would be required to stabilise output. The announcement briefly weighed on global oil prices.
Telegram is facing a massive liquidity crisis with the assets of $500 million-worth of bonds suspended in a Russian depository following Western sanctions. And though revenue surged 65 per cent to $870 million, lifted by premium subscriptions and crypto deals, the company recorded a loss of $222 million after a Toncoin market collapse. This ban points to Telegram’s continued exposure to Russian capital markets, even as Pavel Durov considers an IPO. As legal stakes grow in France, the platform has to solve debt concerns and reestablish trust with international investors.
Berkshire Hathaway has increased new chief executive Greg Abel’s cash salary to $25 million in his first year as CEO, up 19% from the $21 million he was paid in 2024 as vice-chairman. The change contrasts with the $100,000 annual salary long held by his predecessor, Warren Buffett, who continues to serve as chairman and holds a very large shareholding in the company. Berkshire said Abel’s compensation, which is paid entirely in cash and excludes stock awards, is lower than some US executive pay packages and reflects the scale of responsibility involved in running a group valued at about $1 trillion with substantial cash holdings.
President Trump has put an ambitious 18-month timeline to breathe new life into Venezuela’s oil industry after the ouster of Nicolás Maduro. Huddling with U.S. majors The administration is planning to meet later this week with major U.S. oil companies about a package of multi-billion dollar ameliorations. Yet, as Trump insists that American know-how can tap the world’s biggest crude storehouse and quickly beat down global energy prices, industry analysts say that a full recovery will take at least 10 years and $100 billion, after decades of decay.
After the ouster of Nicolás Maduro, President Trump has set out an ambitious 18-month timetable to rebuild Venezuela’s oil sector. The administration scheduled a meeting this week with major U.S. oil companies to talk about a multibillion-dollar recovery plan. Though Trump appears confident American know-how can easily reach the world’s largest known oil reserves to drive down global energy costs, industry experts caution decades of mismanagement mean a return may take more than ten years and cost in excess of $100 billion.
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