545 stories · Page 7 of 55
On 29 April 2026 Jerome Powell announced he will remain a Fed governor after his chair term ends on 15 May, citing unresolved legal assaults on the central bank even as the FOMC held rates steady.
On 29 April 2026 Abu Dhabi confirmed it will withdraw from OPEC and OPEC+ effective 1 May, ending nearly six decades of membership while Gulf exports are snarled by the Hormuz blockade.
On 27-28 Apr 2026 the $135 bn Microsoft-OpenAI alliance was rewritten, ending Azure-only exclusivity and the AGI-trigger while granting Microsoft a capped 20 % cut of OpenAI revenue through 2030 and non-exclusive IP rights through 2032.
On 24 April 2026 the Justice Department abruptly closed its months-long criminal probe into Jerome Powell’s headquarters-renovation testimony, removing Senator Thom Tillis’s procedural block and enabling Kevin Warsh’s Fed-chair nomination to race toward a likely Senate vote before Powell’s 15 May term expiry.
On 28 April 2026 Abu Dhabi announced it will terminate its 59-year OPEC (and OPEC+) membership effective 1 May, removing its roughly 3–5 million-barrel-per-day output from the cartel’s quota system.
On 27 Apr 2026 the two firms rewrote their 2019–2025 agreements, ending Microsoft’s exclusive right to host and resell OpenAI models, capping OpenAI’s 20 % revenue-share payments, and freeing the startup to sell on AWS, Google Cloud and others.
On 27 April 2026 China’s National Development and Reform Commission issued a one-sentence directive voiding Meta’s December 2025 purchase of Singapore-based, China-founded AI firm Manus and demanding the transaction be fully reversed.
On 28 Apr 2026, opening statements began in Oakland federal court as Elon Musk asks Judge Yvonne Gonzalez Rogers to unwind OpenAI’s 2023 for-profit conversion and oust Sam Altman, alleging breach of their original 2015 non-profit agreement.
On 24 April 2026 Beijing filed a detailed WTO-based objection to the EU’s draft Industrial Accelerator Act and, three days later, publicly vowed retaliatory measures if the bill’s local-content rules are enacted.
On 27 April 2026, India and New Zealand signed a free-trade agreement that scraps tariffs on all 8,284 Indian export lines and obliges Wellington to promote US$20 billion of investment into India within 15 years.
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