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The latest developments in AI and AR include changes in…

2 min read

  Meta may be prioritizing Ray-Ban Meta smart glasses over VR and Oculus. It makes sense—VR is out, AI is in, and Meta’s smart glasses are AI’s best device. However, The Information revealed that Apple is prioritizing a cheaper Vision headset over a Vision Pro replacement the same week Alex Heath reported this Command Line...  Read more

US seeks limitations on investments in Chinese technology and AI.

2 min read

According to a draft guideline, US investors cannot support AI systems in China that may be used for military purposes, including weapons targeting. The US Treasury has proposed a law to prohibit and oversee US investments in China for AI, computer chips, and quantum computing. The Friday draft regulation follows President Joe Biden’s August executive...  Read more

Haiti Prime Minister Conille praises new police commander in battle…

2 min read

Haiti’s Prime Minister Garry Conille said Thursday that the decision to replace the national police director was driven by the need to give security personnel a “new lease on life” in the face of gangs terrorizing the populace. Rameau Normil was named director-general of the embattled Caribbean nation’s police department on Wednesday, succeeding Frantz Elbe....  Read more

US bans Russia's Kaspersky software due to national security concerns.

2 min read

  President Joe Biden’s administration on Thursday prohibited Russia-based cybersecurity company Kaspersky from selling its popular antivirus software in the United States due to national security concerns, according to the US Commerce Department. “Kaspersky will generally no longer be able to, among other activities, sell its software within the United States or provide updates to...  Read more

EU chastises France, six countries for budget shortfalls

1 min read

The European Commission has issued a reprimand to France, along with Belgium, Italy, Hungary, Malta, Slovakia, and Poland, for exceeding their budget deficits. According to the EU’s Maastricht treaty, member states are obligated to maintain public debt below 60 percent and deficits below 3 percent of GDP. Additionally, Nvidia has surpassed Microsoft to become the...  Read more

China's 'underground bankers' accused of supporting Mexican cartel

1 min read

A Chinese “underground banking” network is suspected by the US of aiding Mexico’s Sinaloa narcotics cartel in money laundering and other crimes. The DoJ has accused 24 persons with drug distribution and other offenses. Police confiscated $5m (£4m) in cash, firearms, and hundreds of pounds of cocaine, methamphetamine, and ecstasy tablets. The DoJ has emphasized...  Read more

Boeing crash families want record $25bn fine

2 min read

Family members of two Boeing 737 Max plane crash victims demand prosecution and $24.8bn for “the deadliest corporate crime in US history.” For the “enormous human costs of Boeing’s crimes,” the families’ lawyer, Paul Cassell, said the payout was “justified and clearly appropriate.” The BBC received a 32-page letter from Mr. Cassell suggesting the US...  Read more

Chinese automakers want 25% EU tariff - state media

2 min read

Chinese automakers allegedly demanded 25% import taxes on EU rivals’ automobiles if tariffs are imposed on Chinese vehicles during a closed-door meeting. European carmakers demanded it at China’s Ministry of Commerce’s closed-door meeting. This legislation targets EU cars with large petrol engines. Last week, the EU threatened Chinese EV firms with 38% tariffs beginning July...  Read more

At least 34 Indians perish from poisonous alcohol.

1 min read

Officials in Tamil Nadu reported 34 deaths from poisonous bootleg alcohol. Several Kallakuruchi locals were ill after drinking alcohol on Tuesday night. At least 80 people are being hospitalized in hospitals for severe diarrhoea, and officials believe the death toll could climb. Two have been arrested and a bigger investigation is ongoing. A senior police...  Read more

US and Mexico heatwave fueled by climate change

2 min read

Scientists estimate that human-induced climate change increased the high heat in the southwest US, Mexico, and Central America by 35 times. The World Weather Attribution (WWA) group analyzed excess heat in southwest states like California, Nevada, and Arizona in May and early June during the US heatwave. The period also saw deaths from extreme Mexican...  Read more

Federal investigators investigate Microsoft's startup acquisition as AI grows.

3 min read

    Microsoft hired Inflection’s co-founders and other employees to manage its Copilot program in March, and Inflection claimed that its AI model will be hosted on Microsoft’s cloud platform. Microsoft allegedly paid Inflection $650 million. Microsoft disclosed a hiring choice, not a purchase. According to a source, the FTC investigation into Microsoft is focused...  Read more

A toddler in Arizona was rescued after becoming stuck in…

2 min read

The Model Y’s 12-volt battery, which powers doors and windows, failed. A 20-month-old toddler was rescued after becoming stuck in a Tesla Model Y in Scottsdale, Arizona, where temperatures have risen beyond 100 degrees this week, after its 12-volt battery expired, according to Arizona’s Family. After smashing through a glass with an axe, firefighters were...  Read more

The Starlink Mini provides space internet for travelers.

2 min read

The USB power bank-powered laptop dish contains the Wi-Fi router. The new DC-powered Starlink Mini, the size of a thick laptop, combines the Wi-Fi router within the dish. It can reach speeds over 100Mbps yet utilizing less power than comparable Starlink terminals. Elon Musk, CEO of SpaceX, said X takes less than five minutes to...  Read more

TikTok claims US denied meaningful settlement discussions.

2 min read

ByteDance alleged that the US government would prefer shut down than find a ‘effective solution’ to protect customers. Biden’s April legislation required that ByteDance sell TikTok’s US assets by January 19, or face a ban on the app. TikTok and ByteDance petitioned a US court in 2024 to overturn a restriction that would have prohibited...  Read more

Louisiana requires Ten Commandments displays in all classrooms.

1 min read

Republican Wednesday, Louisiana Governor Jeff Landry signed the bill. Louisiana is the first state to mandate Ten Commandments posters in public schools through universities. Governor Jeff Landry signed the Republican-backed legislation Wednesday, calling the commandments “the foundational documents of our state and national government.” US civil rights groups will undoubtedly contest the bill, claiming it...  Read more

YouTube tries the context 'notes' tool for videos.

1 min read

Alphabet YouTube will soon allow users to contribute ‘notes’ that provide context to some of its videos as part of a new feature that will be pushed out first in the United States, the company announced on Monday. As part of the initial test phase, YouTube will allow specific users and producers to add notes...  Read more

Fed Chair Powell to testify on Senate Banking July 9

1 min read

Senator Sherrod Brown’s office announced that Federal Reserve Chair Jerome Powell will make his semiannual monetary policy testimony at the Senate Banking Committee on July 9. Powell would testify to the House Financial Services committee the next day if scheduling continues as usual. Information from committee spokespeople was delayed. Both sides of the aisle interrogate...  Read more

Tesla will capitalize on Elon Musk's Delaware court wage victory.

1 min read

The company’s board president said Friday that Tesla will utilize Thursday’s strong backing for Elon Musk’s $56 billion compensation deal to persuade a Delaware court that nullified his 2018 accord After institutional investors and proxy consulting companies opposed the proposal, roughly three-quarters of shareholders, excluding Musk and his brother, voted in favor of the highest...  Read more

Currency consolidation as dollar stabilizes, euro near one-month low

2 min read

The dollar held steady on Monday as the euro stayed near a more than one-month low amid political uncertainty in Europe and investors awaited U.S. economic data. As far-right and leftist parties gather momentum ahead of France’s unexpected legislative election, straining President Emmanuel Macron’s moderate administration, investors worry about a euro area budget crisis. Five...  Read more

Fed's Kashkari predicts reasonable' December rate cut.

2 min read

  On Sunday, Minneapolis Federal Reserve President Neel Kashkari said it’s a “reasonable prediction” that the bank will drop rates once this year, in December. “We need to see more evidence to convince us that inflation is well on our way back down to 2%,” Kashkari told CBS’ “Face the Nation” program. Last week, the...  Read more

Stock handouts may save US ruling class.

4 min read

Stocks now reflect the American ideal. The huge disparity between the ultra-rich and everyone else shows it. GE Aerospace CEO Larry Culp and buyout mogul Steve Schwarzman are pushing to give workers equity while lawmakers struggle to close the wealth gap. By doing so, they may prevent pitchfork-armed rioters from attacking the ruling classes. US...  Read more

AI adoption via mobile networks

3 min read

Last week, Apple became the latest mobile phone vendor to announce AI for its OS. Siri will include Apple Intelligence to simplify phone use. Improve Siri as a personal assistant. Google’s Gemini AI for Pixel phones follows Samsung’s Galaxy AI. AI will expand phone computing, boosting data generation and use. It will strain UK mobile...  Read more

Kenya's Gen Z anti-tax revolutionaries

3 min read

Previous administrations failed to unify millions of Kenyans across ethnicity and party as President William Ruto has. On Tuesday, hundreds of trainer-wearing activists blocked down Nairobi’s business district, claiming Kenyans were overtaxed and got little in return. They live-streamed heated police interactions on iPhones. Instead of politician-led marches, “occupy parliament” was organized on social media....  Read more

Elon Musk's X lawsuit against Media Matters will be tried…

1 min read

Thursday’s US District Court for the Northern District of Texas judgment sets the timetable for a high-profile battle over Media Matters’ study on social media’s anti-Semitic and pro-Nazi content. In November, X filed a lawsuit against Media Matters for misrepresenting the likelihood of hate speech on the platform. CNN has asked X about Thursday’s order....  Read more

Mike Lynch, British tech entrepreneur, acquitted of HP fraud.

2 min read

Lynch was acquitted on all 15 charges—one conspiracy and 14 wire fraud—according to Lynch and US prosecutors. The Lynch representation stated that former Autonomy finance chief Stephen Chamberlain, who faced the same allegations as Lynch, was acquitted on all counts. The trial, in which Lynch and Chamberlain were accused of inflating Autonomy’s earnings, was the...  Read more

Federal investigators investigate Microsoft's startup acquisition as AI grows.

2 min read

Microsoft hired Inflection’s co-founders and other workers to handle its Copilot initiative in March, and Inflection stated its AI model will be hosted on Microsoft’s cloud platform. Microsoft allegedly paid Inflection $650 million. Microsoft disclosed the hiring decision, not an acquisition. The DOJ would investigate Nvidia, while the FTC would probe Microsoft and OpenAI, the...  Read more

Tesla passes another test for full self-driving in China.

2 min read

Tesla has a deal with Baidu to update its mapping software, bringing it closer to deploying FSD in China. The Chinese tech giant announced Tesla lane-level navigation on Saturday. This level of navigation can give drivers detailed information, including lane advice before turns, to improve safety, according to Baidu (BIDU). During Tesla CEO Elon Musk’s...  Read more

According to a source, the You.com startup is raising $50…

2 min read

The startup behind You.com is receiving $50 million in new funding, according to a source familiar with the matter, as it looks to establish a presence in the booming market for AI-powered assistants. SuSea Inc, the four-year-old firm behind You.com, would be valued between $700 million and $900 million based on the nearly completed Series...  Read more

Photoshop manufacturer Adobe sued by US for hiding fees, making…

1 min read

On Monday, the U.S. government sued Adobe for hiding high termination fees in its most popular membership plan and making cancellations difficult. The Federal Trade Commission complained in San Jose, California, that Adobe hides fees, which can reach hundreds of dollars, and other critical provisions in its “annual paid monthly” subscription plan in the fine...  Read more

NATO's $1.1 billion fund targets AI, robots, and space tech

1 min read

NATO partners have announced the first recipients of their one billion euro ($1.1 billion) innovation fund. The alliance announced the fund in summer 2022, months after the Russian invasion of Ukraine, to invest in defense technologies. 24 of NATO’s 32 members, including Finland and Sweden, which joined this year, support the fund. The NATO Innovation...  Read more

Norway's Schibsted to lose 250 jobs in a cost-cutting drive.

1 min read

Schibsted  a Norwegian online classifieds organization, will lose approximately 250 jobs in the Nordic region as part of a restructuring plan to decrease costs and increase efficiency, the company announced on Tuesday. Schibsted, which recently sold its historical news media business, runs online marketplaces for real estate, jobs, vehicles, travel, and other services in Norway,...  Read more

Xbox marketing chief leaves for Roblox

1 min read

Xbox’s marketing chief is departing to join Roblox as their chief marketing officer as part of a larger marketing shakeup at Microsoft. According to Microsoft gaming CEO Phil Spencer’s memo, Jerret West led various marketing campaigns for games and systems and helped expand West had eight years in Xbox’s marketing and product division before joining...  Read more

Chinese anti-dumping probe targets EU pork

1 min read

In response to electric vehicle export limits, China has launched an anti-dumping investigation against EU pork and byproducts, targeting Spain, the Netherlands, and Denmark. China’s trade ministry began investigating fresh, cold, and frozen pork slices, pig intestines, bladders, and stomachs for human consumption on Monday. June 17 is when the investigation starts. The authorities cited...  Read more

Fed's Harker: one rate cut this year, my base case

1 min read

If his economic projection holds, Philadelphia Fed President Patrick Harker indicated Monday that the Fed could drop its benchmark interest rate once this year. “If all of it happens to be as forecasted, I think one rate cut would be appropriate by year’s end,” Harker said in prepared remarks to a Philadelphia regional central bank...  Read more

US import prices drop, consumer sentiment falls

2 min read

In May, energy prices declined, lowering U.S. import prices for the first time in five months and boosting domestic inflation. Friday’s unexpectedly benign Labor Department report and this week’s statistics showing low inflation last month keep a September Federal Reserve interest rate drop on the table. A Friday survey found consumer morale at a seven-month...  Read more

Global central banks adjust after 2024's massive policy easing fails.

3 min read

Six months ago, the world’s leading central banks prepared for a global reduction in interest rates that would cut borrowing costs and increase lending availability for credit card holders, homebuyers, and company owners. Rate cuts are “a topic of discussion out in the world and also a discussion for us,” Federal Reserve Chair Jerome Powell...  Read more

Factory output disappoints, property sector stagnant in China

1 min read

May industrial output in China missed expectations, and a property sector contraction showed little signs of improving despite policy support, putting pressure on Beijing to boost growth. The Monday data was mostly negative, except for retail sales that topped expectations due to a holiday boost, indicating a slow rebound for the world’s second-largest economy. NBS...  Read more

European equities suffer greatest weekly loss of year, S&P 500…

3 min read

On Friday, cooling economic data, a hawkish Federal Reserve, and European political crises drove U.S. markets down, gold up, and European stocks down their largest weekly loss of the year. The euro fell to its greatest Friday-to-Friday dip in two months as the dollar rose versus a basket of international currencies. “We’re finally seeing some...  Read more

 Meta halts European AI model deployment at Irish request.

2 min read

Meta Platforms has decided to temporarily halt its Meta AI models in Europe after the recommendation of the Irish Privacy Commission to delay the plan of merging Facebook and Instagram data. Meta took action in response to the complaints and requests made by NOYB to data protection authorities in Austria, Belgium, France, Germany, Greece, Italy,...  Read more

One US interest rate decrease expected in 2024.

1 min read

Federal Reserve officials say inflation has dropped closer to their objective in recent months but anticipate cutting their benchmark interest rate once this year. According to current central bank predictions, US interest rates will be slashed once this year. US borrowing costs remained at a more than 20-year high despite Wednesday’s 3.4% inflation, the lowest...  Read more

Tesla shareholders approve Elon Musk's massive compensation plan.

1 min read

Tesla shareholders have accepted Elon Musk’s multibillion-dollar compensation package. The deal is now valued at $44 billion (£34 billion). The package was once worth up to $56 billion (£44 billion), but its value has declined in tandem with Tesla’s stock. The proposal was approved despite opposition from some major institutional investors and proxy firms. On...  Read more

Samsung Electronics workers strike for the first time.

1 min read

Samsung Electronics’ South Korean labor union reported numerous workers striking Friday, the first in the company’s 55-year history. After failed negotiations over salary and incentive arrangements, the Nationwide Samsung Electronics Union (NSEU), which represents 28,000 workers, said last week that it would strike for a day on June 7. The union requested that its members...  Read more

S&P 500, Nasdaq close at record highs before data, Fed…

2 min read

The S&P 500 and Nasdaq closed at new highs on Monday as technology companies rose on artificial intelligence euphoria ahead of this week’s economic data and Federal Reserve speeches that could illuminate monetary policy. Mega caps Apple and Microsoft recovered from early losses to end 1.97% and 1.31% higher, respectively. Apple shares continued their surge...  Read more

Betashares could receive up to $198 million from Temasek.

1 min read

On Monday, Temasek Holdings announced it will invest up to A$300 million ($198.4 million) in Betashares, an Australian exchange-traded fund manager. Betashares stated that the money will expand its Australian and international offerings. It said that Temasek will join its staff and private equity firm TA Associates as Betashares shareholders with an undisclosed minority stake....  Read more

Asian stock markets dipped on Monday as mixed Chinese economic…

2 min read

while political uncertainty in Europe depressed risk appetites and put the euro on the defensive. Chinese blue chips slipped 0.2% in May as retail sales grew 3.7%, but industrial output and fixed-asset investment lagged. Other data showed that property values fell at their fastest rate in a decade in May, showing persistent housing market difficulties....  Read more

Investors chase performance as TSX extends weekly losing streak

1 min read

On Friday, investors abandoned financial and oil stocks in favor of technology stocks, sending Canada’s main stock index to a three-month low. The S&P/TSX composite index fell 59.01 points, or 0.3%, to 21,639.10, its lowest closing level since March 6. The index fell 1.7% last week, its sharpest drop since October. TSX fell for the...  Read more

According to The Information, the CEO of OpenAI has stated…

1 min read

According to The Information, OpenAI CEO Sam Altman informed some shareholders that the company is exploring shifting its governance structure to a for-profit business that is independent of the nonprofit board. According to the story, Altman stated that the board is considering forming a for-profit benefit corporation, which rivals such as Anthropic and xAI are...  Read more

Tesco's food sales rise as inflation falls.

1 min read

Due to increasing demand for fresh produce, food sales rose 5%. Tesco Finest sales increased “strongly” as buyers sought premium products. Kantar reported that the firm’s market share climbed more than 50 basis points to 27.6% in the 12 weeks to 12 May year over year. Tesco expects to meet its April target of £2.8bn...  Read more

After 50 Years, U.S.-Saudi Petrodollar Pact Ends

2 min read

The 50-year U.S.-Saudi petrodollar deal expired recently. Global crude oil transactions employ the U.S. dollar, known as the “petrodollar”. After the U.S. left the gold standard in the 1970s, the US and Saudi Arabia made a pact that had far-reaching effects on the world economy. Few global financial accords have benefited the U.S. economy as...  Read more

Nvidia split its stock 10-for-1. What to Expect Next.

2 min read

  Nvidia shares will drop to 10% of last week’s price for good cause. On the first trading day of today, Nvidia stock is trading at $100 instead of $1,000 after a 10-for-1 stock split. Stock splits lower share prices by giving present holders more shares, making it easier for more investors to buy a...  Read more

NASDAQ, S&P 500 close at record highs for 4th day…

1 min read

The S&P 500 and Nasdaq set record closing highs for a fourth straight day on Thursday as technology shares maintained their climb. Last week, new unemployment claims rose and producer prices unexpectedly declined in May, bolstering chances of a September Federal Reserve rate cut. After three quarter-percentage-point cuts in March, the Fed forecast only one...  Read more

Delve into Meghan's Intriguing Lifestyle Brand American Riviera

Delve into Meghan's Intriguing Lifestyle Brand: American Riviera Orchard

2 min read

Delve into Meghan’s Intriguing Lifestyle Brand: American Riviera Orchard Accompanied by the nostalgic melodies of Nancy Wilson’s 1960s hit “I Wish You Love,” the Duchess of Sussex steps into the spotlight, unveiling a tantalizing glimpse of her new lifestyle venture from the comfort of her Californian home. In a brief 16-second teaser, Meghan’s graceful presence...  Read more

Taiko Nakamura samples whisky barreled in the year he founded at his distillery in Shizuoka, Shizuoka Prefecture, Japan October 25, 2023. REUTERS/Rocky Swift/File Photo

Japanese whisky turns 100 as craft distilleries transform industry

4 min read

Japanese whisky turns 100 as craft distilleries transform the industry. Shizuoka Distillery, a pioneer in Japan’s new wave of independent whiskey manufacturers, produces its spirits to meet the growing demand for whisky worldwide in a still that burns cedar harvested from forests in the surrounding area. This year celebrates the 100th anniversary of whiskey production...  Read more

Singer Jungkook of BTS performs on NBC’s ‘Today’ show at Rockefeller Center New York City, U.S., November 8, 2023. REUTERS/Caitlin Ochs/File Photo

K-Pop supergroup BTS' Jung Kook to begin military service in…

1 min read

K-Pop supergroup BTS Jung Kook will begin military service in December. After the group’s management agency stated that all seven members of BTS were on track to carry out their duties, Jung Kook, a member of the K-pop band BTS, announced on Wednesday that he would begin his military service in December. Jung Kook’s announcement...  Read more

A member of the teamLab digital art group poses in an installation in preparation for the reopening of their Borderless museum in February at the Azabudai Hills complex in Tokyo, Japan November 17, 2023. REUTERS/Kim Kyung-Hoon

Japan's TeamLab readies a renewed digital museum in the Tokyo…

1 min read

Japan’s TeamLab readies a renewed digital museum in the Tokyo mega-complex. Tokyo’s newest megaproject will have an immersive museum as its cultural center, and construction crews and digital artists are working feverishly to put it together in a basement maze beneath the country’s highest tower. The global artistic collective teamLab broke the Guinness World Record...  Read more

Shakira poses on the red carpet during the 24th Annual Latin Grammy Awards show in Seville, Spain, November 16, 2023. REUTERS/Marcelo del Pozo/File Photo

Shakira stands trial in Spain for alleged tax fraud

2 min read

On Monday, Shakira will go on trial in Barcelona to answer allegations that she neglected to pay 14.5 million euros ($15.74 million) in income taxes to Spain from 2012 to 2014. The ‘Hips Don’t Lie’ megastar from Colombia, currently facing a second tax fraud probe from Spanish authorities, has promised to fight back against what...  Read more

Sean Combs arrives at the Metropolitan Museum of Art Costume Institute Gala (Met Gala) to celebrate the opening of “Heavenly Bodies: Fashion and the Catholic Imagination” in the Manhattan borough of New York, U.S., May 7, 2018. REUTERS/Eduardo Munoz/File Photo

Sean 'Diddy' Combs accused of sex trafficking and rape of…

3 min read

Sean ‘Diddy’ Combs accused of sex trafficking and rape of singer Cassie. R&B vocalist Cassandra Ventura filed a lawsuit against rapper and hip-hop mogul Sean “Diddy” Combs on Thursday in federal court. In the case, she accuses Combs, whom she dated in the past and whose record label she signed with, of subjecting her to...  Read more

Photo: Giorgio Armani

Focus: Giorgio Armani fashions his legacy with a succession plan.

5 min read

Focus: Giorgio Armani fashions his legacy with a succession plan. Giorgio Armani has always maintained a firm hold on the company he established, and the Italian fashion king’s attention to detail extends to establishing specific regulations for how the company should be governed after his passing. Armani, now 89 years old, continues to serve as...  Read more

Sydney Opera House

Sydney Opera House celebrates 50th birthday with light show and…

1 min read

On Friday, the Sydney Opera House celebrated its 50th birthday with a laser performance that will illuminate the famous structure. On October 20, 1973, Queen Elizabeth II formally inaugurated the Opera House, one of the best architectural works of the 20th century with 10.9 million annual visitors. On Saturday, when Robin Fox, an Australian audio-visual...  Read more

Former architect and tour guide Peter Sekules

The love affair of a retired Australian architect with the…

2 min read

One of the most photographed structures in the world, the Sydney Opera House is instantly recognizable by its sails shimmering above Sydney Harbour. The House, as it is popularly known, has dazzled audiences with world-class performances inside one of the finest architectural marvels of the 20th century since it officially opened in 1973 and will...  Read more

People take photos at Disney's product showcase during Magical Christmas Market

The London exhibition celebrates 100 years of Disney

2 min read

London exhibition celebrates 100 years of Disney. On Friday, a brand-new exhibition honoring Disney’s beautiful world for one hundred years opens in London. It has everything from the early designs of Mickey Mouse to Cinderella’s glass slipper. A variety of artwork, costumes, and props from classic animated films like “Snow White and the Seven Dwarfs”...  Read more

Hunter Biden, son of U.S. President Joe Biden, departs federal court

Hunter Biden will plead not guilty to gun charges

1 min read

Hunter Biden, age 53, is at the heart of a political storm as House Republicans conduct an impeachment inquiry against his father. The impeachment inquiry is centered on alleged ties between Hunter Biden’s business activities and his father’s policies during the time that Hunter Biden’s father served as vice president from 2009 to 2017. He...  Read more

Jacob Aarup-Andersen becomes Carlsberg's CEO - Logo of carlsberg

Jacob Aarup-Andersen becomes Carlsberg's CEO.

1 min read

On Thursday, Carlsberg (CARLb.CO) announced Jacob Aarup-Andersen as its new CEO. Aarup-Andersen replaces Cees’t Hart, who retired earlier this month. Aarup-Andersen joins Carlsberg from ISS(ISS.CO), where he has been CEO since 2020. Jacob Aarup-Andersen, a businessman who has led ten companies, is currently Group Chief Executive Officer of ISS A, Chairman of ISS World Services...  Read more

Business

Elon Musk says Tesla shareholders are voting in support of…

2 min read

Tesla shareholders approved Elon Musk’s $56 billion remuneration proposal, a vote of confidence in his leadership and an incentive to focus on the electric vehicle company. Musk counted the preliminary voting results accurately, according to a source. A meeting at Tesla’s Texas headquarters on Thursday at 4:30 p.m. EDT (2030 GMT) will decide. “Thanks for...  Read more

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Huawei says it has made AI breakthrough

Sun, 2024-Jun-23 20:32:50

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China warns of possible trade war with EU

Sat, 2024-Jun-22 20:32:42

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A publication of iConcept Media Group, the BIZNOB is a daily business journal, covering business news with a focus on emerging leaders but not limited to technology, entertainment, finance, politics, and lifestyle. BIZNOB’s mission is to deliver news and information that matters among business professionals. The publication strives to be on the homepage of the world’s business community.

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Bank of England keeps rates at 5.25%

Fri, 2024-Jun-21 20:32:40

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UK’s Inflation hits 2% target for first time since 2021

Wed, 2024-Jun-19 20:32:40

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See More Videos

Technology

The tricky Apple-OpenAI alliance

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OpenAI CEO Sam Altman met current and past executives, including Steve Wozniak, at Apple’s annual developer conference this week. Apple announced a long-rumored partnership with OpenAI to bring ChatGPT to smartphones later this year over an hour later. Altman has become the face of generative AI in the 18 months since ChatGPT started, but Apple...  Read more

The German robotics industry faces tough competition from China, according…

1 min read

Growing competition from China is impacting the prognosis for Germany’s robotics industry, which is already battling with declining orders in a sluggish home economy, according to a VDMA engineering association representative. “Competition is fierce,” Frank Konrad, head of VDMA’s robotics and automation department, said in a statement published Monday. “Many Chinese suppliers have grown strongly...  Read more

Global audiences distrust AI-powered newsrooms, survey says

2 min read

As digital companies and startups like Google and OpenAI develop tools to summarize material and steal visitors from news websites, newsrooms worldwide are grappling with generative artificial intelligence. The survey found that 52% of U.S. and 63% of UK respondents would be uneasy with AI-generated news. A survey of 2,000 people in each country found...  Read more

The EU cybersecurity label should not discriminate against Big Tech,…

2 min read

A proposed EUCS cloud cybersecurity certification program should not discriminate against Amazon and Alphabet. Microsoft, Google Monday saw 26 European industrial groups warn. After ENISA produced a 2020 draft, the European Commission, ENISA, and EU members will examine the program on Tuesday. The EUCS helps governments and businesses choose a reliable cloud vendor. Cloud computing...  Read more

US industry group wants greater Chinese import protection.

2 min read

After President Joe Biden imposed steep tariffs on Chinese electric vehicles, solar panels, and other critical commodities, the United Steelworkers union and American industries are calling for harsher trade barriers against Chinese imports. On Friday, the Alliance for American Manufacturing produced a report on China’s excess industrial capacity, echoing worries raised by the Biden administration...  Read more

Enterpreneurship

Influencer Collaboration

Mastering Influencer Collaboration: 5 Keys for a Successful Marketing Program

49 min read

Mastering Influencer Collaboration: 5 Keys for a Successful Marketing Program   Unlocking Success: The Blueprint for Constructing a Dynamic Influencer Marketing Program   Key Takeaways: Align your influencer partnerships with your brand’s values, objectives, and target audience to ensure authentic and impactful collaborations. Carefully curate influencers whose content style, niche, and followers resonate with your...  Read more

Co-founder of Microsoft, Bill Gates addresses Reaching the Last Mile Forum 2023, during the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 3, 2023. REUTERS/Thomas Mukoya

COP28: UAE signs deal with Bill Gates' nuclear company on…

2 min read

The United Arab Emirates-controlled ENEC and Bill Gates’ advanced nuclear reactor company, TerraPower LLC, announced on Monday that they had reached an agreement to look into the possibility of developing advanced reactors in the UAE and other nations. The memorandum of agreement comes at a time when the United Arab Emirates (UAE) is making efforts...  Read more

SpaceX's Martian Dream: Inside Elon Musk's Mars Colonization Strategy

SpaceX's Martian Dream: Inside Elon Musk's Mars Colonization Strategy

13 min read

Explore Elon Musk’s visionary Mars colonization plans and the future of Mars exploration in this in-depth article.   KEY TAKEAWAYS Multiplanetary Vision: Elon Musk envisions making humanity a multi-planetary species by colonizing Mars, viewing it as a crucial step for your long-term survival. SpaceX’s Role: SpaceX, Musk’s space exploration company, plays a central role in...  Read more

The logo of the Nippon Life Insurance Co. is displayed at the company's headquarters in Tokyo, Japan. February 26, 2019. REUTERS/Hideyuki Sano/File Photo

Nippon Life to buy Nichii Holdings for about $1.41 bln…

2 min read

Nippon Life will buy Nichii Holdings for about $1.41 billion (Nikkei). The Nikkei reported on Tuesday that Nippon Life Insurance (NPNLI.UL), a Japanese insurance company, will purchase Nichii Holdings for around 210 billion yen, equivalent to $1.41 billion. According to the story, which did not cite any authoritative sources, Nippon Life has agreed to purchase...  Read more

Shoppers are reflected in a Black Friday sign outside a shop in Singapore November 22, 2023. REUTERS/Edgar Su

US retailers hope to draw picky Black Friday shoppers to…

3 min read

Retailers around the United States are keeping their fingers crossed for a cold and dry Black Friday since this will mark the beginning of the crucial Christmas shopping season. They expect millions of customers to visit their stores on this day. However, because many consumers are already experiencing financial strain, Christmas spending in the United...  Read more

Finance

8 Million-Dollar Rare Coins Collectors Want

2 min read

Here are a few million-dollar rare coins for coin collectors and individuals with small riches. Flowing Hair Silver Dollar, 1794. This rare 1794–1795 coin is among the most expensive in the world. Its size and weight suggest that it was fashioned after the Spanish dollar. Only about 150–200 of these coins remain. Instead of one...  Read more

Europe's fintech funding slump dampens morale at the Amsterdam event.

2 min read

Europe’s fintech industry faces an uncertain future after financial constraints over the previous two years lowered pandemic-era expectations and valuations, but some hope lower interest rates will revive it. Even if presenters and organizers at a fintech conference in Amsterdam this week were positive about artificial intelligence, the mood was divided. Damien Dugauquier, co-founder of...  Read more

IT firm Xero launches $850 million convertible note sale due…

1 min read

On Tuesday, software service firm Xero announced that it will raise $850 million by selling fixed coupon guaranteed senior unsecured convertible notes due to be repaid in 2031. The decision comes after a recent spike in convertible bond offerings, including deals for $4.5 billion from Alibaba as well as major issues from Lenovo and JD.com ...  Read more

Move to faster settlements for US securities has gone smoothly,…

1 min read

Gary Gensler, the chair of the United States Securities and Exchange Commission, said on Friday that the redesign of the settlement cycle for U.S. securities has gone successfully this week and that all deals have settled. On Tuesday, in order to comply with a regulation change that was established by the Securities and Exchange Commission...  Read more

Economy

Power outage sweeps throughout Ecuador as electrical grid collapses

2 min read

On Wednesday, the electrical system in Ecuador went down, causing a statewide blackout that affected metro services, road traffic, and other important infrastructure. The outage lasted for several hours. A sudden blackout occurred just after 3:00 pm local time, causing hundreds of people to be evacuated and shocking metro users in Quito, the capital. Trains...  Read more

'You need to face the Chinese competition,' says Citroën CEO…

1 min read

As the French automaker prepares to unveil a new compact SUV, Journalists speaks with Citroën CEO Thierry Koskas. Koskas has been leading the Stellantis-owned brand since March 2023 and discusses the challenges his company is facing in organizing a massive recall of cars with defective airbags, as well as the effects of competition in the...  Read more

Reform UK receives large contribution from Muslim millionaire

2 min read

  This Muslim entrepreneur gave hundreds of thousands of pounds to Reform UK, stating the UK had “lost control of our borders”. Reform UK says Zia Yusuf’s gift is their largest of the general election campaign. Muslim groups have criticized Reform UK leader Nigel Farage for saying more Muslims don’t share British values. Reacting to...  Read more

Trump attacks Ukraine aid, talks tax reform, tariffs with Republicans.

1 min read

On a Thursday visit to Capitol Hill, Donald Trump blasted U.S. funding for Ukraine, urged Republicans to cut gratuity taxes, and promoted tariffs. He also dubbed the city hosting his party’s presidential convention “horrible.” Trump met with House and Senate Republicans to repair differences before the Nov. 5 election, which could give his party control...  Read more

Canadian dollar falls as greenback advances broadly

1 min read

The Canadian currency fell against the U.S. dollar on Thursday as the greenback rose versus a basket of major currencies and the Bank of Canada repeated its potential rate cuts. After trading between 1.3715 and 1.3763, the loonie fell 0.2% to 1.3750, or 72.73 U.S. cents. “The U.S. dollar has maintained its bid tone since...  Read more

Politics

Canada considers Iran's Revolutionary Guards terrorists.

2 min read

The major Iranian military, political, and economic power is IRGC. Canada labeled Iran’s Islamic Revolutionary Guard Corps (IRGC) a terrorist group after years of lobbying from opposition MPs and Iranian diaspora. On Wednesday, Public Safety Minister Dominic LeBlanc called it a “significant tool in fighting global terrorism.” The bill would bar thousands of top Iranian...  Read more

Hearing on Biden's China tariff rise sought by US industry…

2 min read

Many pro-trade American business organizations have urged the Biden administration for another month to comment on plans to slap harsher tariffs on Chinese imports of electric vehicles, batteries, solar equipment, and other goods, delaying the Aug. 1 start date for many of the levies. The 173 trade associations under the “American For Free Trade” umbrella...  Read more

Biden aides and Trump will discuss contrasting economic views with…

3 min read

On Thursday, Republican presidential contender Donald Trump and critical aides to Democratic President Joe Biden will spell out their starkly different economic perspectives in a series of discussions with America’s top business leaders. According to two sources familiar with the event’s organization, Trump will address the Business Roundtable at its offices in Washington, D.C., at...  Read more

Republicans hope for unity message in Trump visit to Congress

2 min read

Republicans hope former President Donald Trump’s trip on Thursday will bring unity to their split caucuses in the Senate and House of Representatives as the party prepares for the Nov. 5 election. Trump is scheduled to meet with House Republicans Thursday morning and have lunch with Senate Republicans, with the goal of coordinating campaign efforts...  Read more

Quote of the day

"Many of life’s failures are people who did not realize how close they were to success when they gave up."

Thomas Edison

Lifestyle

Meghan's Lifestyle Brand Takes Off with Its Premier Product

Meghan's Lifestyle Brand Takes Off with Its Premier Product

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Meghan’s Lifestyle Brand Takes Off with Its Premier Product The Duchess of Sussex has given a sneak peek into her latest business venture through a tantalizing glimpse of strawberry jam shared on social media. The jam, part of the new American Riviera Orchard brand, was distributed among friends and influencers, adding an air of intrigue...  Read more

Songwriter Conquers Male Competition in Video Gaming

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2 min read

Songwriter Conquers Male Competition in Video Gaming Songwriter Siobhan Wilson is set to represent Scotland and women in the international gaming community at the upcoming Game Audio Network Guild (GANG) awards in San Francisco. Nominated for Best Original Song, Siobhan’s composition from the game Planet of Lana has already garnered attention, securing her a commission...  Read more

Ukrainian Amputee's Survival: The Inspirational Role of His Wife's Voice

Ukrainian Amputee's Survival: The Inspirational Role of His Wife's Voice

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Ukrainian Amputee’s: The Inspirational Role of His Wife’s Voice Serhiy, a 27-year-old Ukrainian soldier, faced a life-altering experience after his vehicle hit a Russian anti-tank mine near Mariinka nine months into Russia’s full-scale invasion of Ukraine. The catastrophic injuries left him unable to see, speak, or feel his legs. During weeks of regaining consciousness in...  Read more

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