May 5 (Reuters) - Elon Musk plans to proceed with his highly-watched lawsuit against OpenAI, his lawyer Marc Toberoff said on Monday, hours after the AI startup dialed back its earlier plan to remove control by its non-profit arm. Under OpenAI's newly proposed plan, its non-profit parent would continue to control the for-profit business and become a major shareholder. Musk,...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

HONG KONG (Reuters) -When Washington announced higher tariffs and the axing of a de minimis rule that allowed for low-value packages from Hong Kong and mainland China to enter the United States free of duties, Quinn Lai felt it was game over for his watch brand. Lai is the founder of DIY Watch Club, which sells do-it-yourself watchmaking kits to...

SYDNEY (Reuters) - Woodside Energy, Australia's top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in its $17.5 billion Louisiana LNG project. Liz Westcott, chief operating officer for Australia, told the Macquarie Australia Conference the selldown of its holding company would to allow Woodside to achieve its 50% target. Woodside gave the final...