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Huawei's Kirin PC Chip Enhances Performance, Heat Control; Smart Car Sales Hit 30,000 in May 2024

Jun 06, 2024 04:25 am UTC| Technology Business

Huaweis upcoming Kirin PC chip is designed to optimize performance and heat control, while smart car sales in May 2024 have exceeded 30,000 units, marking a significant milestone. Innovations in the Kirin PC...

Nvidia's $3 Trillion Leap: Overtakes Apple as Second Most Valuable Tech Titan

Jun 06, 2024 00:09 am UTC| Technology Business

Nvidias stock surged on Wednesday, propelling its valuation past $3 trillion and surpassing Apple as the worlds second most valuable company. Nvidias $3 Trillion Milestone Surpasses Apples Valuation On Wednesday,...

Tesla Cybertruck Shines at Top Marques: Monaco’s Prince Albert II’s Exclusive Test Drive

Jun 05, 2024 23:12 pm UTC| Technology Business

Tesla Cybertruck dazzled the audience at Top Marques as Prince Albert II took it for an exclusive test drive, making Monaco the stage for its European debut. Tesla Cybertrucks Star Turn in Monaco According to The...

Digital Currency Revolution

XRP ETF 'Inevitable,' Says Ripple's Monica Long, Citing Institutional Investment Surge

Jun 05, 2024 22:40 pm UTC| Digital Currency Technology

Ripple President Monica Long foresees an XRP exchange-traded funds (ETFs) as inevitable, pointing to the significant trading volume and market cap of XRP as key drivers of institutional interest in the crypto market. An...

Digital Currency Revolution

Bitcoin Price at $72K Could Trigger New ATH with $1.5B Liquidations, Analyst Says

Jun 05, 2024 14:24 pm UTC| Technology Digital Currency

If Bitcoins price were to rise over $72,000, it would liquidate leveraged short positions totaling $800 million, making it a critical barrier level for Bitcoin. If the price of Bitcoin were to reach $72,000, it would...

Shiba Inu Coin Jumps 10% After Whale Bags 715B SHIB Tokens

Jun 05, 2024 14:14 pm UTC| Technology Digital Currency

Shiba Inu Coin has attracted the attention of investors, as evidenced by the SHIB prices roughly 10% increase today, which occurred amid substantial whale buildup. Furthermore, a recent revelation revealed that an...

$320M Raised by Japanese Crypto Exchange DMM Bitcoin to Compensate Users Post-Hack

Jun 05, 2024 14:04 pm UTC| Technology Digital Currency

The DMM Bitcoin project intends to raise equal cash to compensate customers for a loss of $320 million caused by a major attack. DMM Bitcoin, a cryptocurrency exchange in Japan that was recently hacked and stolen...

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Economy

How the US–India tariff truce boosts major Indian industries, Surat to Pharma

With zero-duty treatment for flagship products including gems and diamonds, generic drugs, and certain aircraft parts, the new USIndia interim trade agreement reduces US tariffs on Indian products from roughly 25% (close...

Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens

A major Australian pension fund is ramping up its currency hedging strategy as expectations grow that the Australian dollar is undervalued and poised to strengthen further. HESTA, one of Australias largest superannuation...

Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market

Lee Seung-heon, a leading candidate to become the next governor of the Bank of Korea (BOK), has voiced support for raising property ownership taxes as a way to curb surging home prices, while warning that a shift toward...

Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk

Most Asian currencies traded within a narrow range on Monday, reflecting cautious sentiment as investors awaited key economic data from the United States and China. The Japanese yen edged slightly higher after Japans...

Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data

Gold prices edged higher during Asian trading on Monday, with silver also posting strong gains, as precious metal markets attempted to stabilize after a week marked by sharp volatility. The rebound comes amid lingering...

Politics

China Overturns Death Sentence of Canadian Robert Schellenberg, Signaling Thaw in Canada-China Relations

Chinas top court has overturned the death sentence of Canadian national Robert Schellenberg, a major development in a long-running drug smuggling case that has strained diplomatic relations between Canada and China for...

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Trump Slams Super Bowl Halftime Show Featuring Bad Bunny

U.S. President Donald Trump sparked fresh controversy after criticizing the Super Bowl halftime show fronted by global music star Bad Bunny, calling the performance absolutely terrible in a social media post shared on...

Bangladesh Election 2026: A Turning Point After Years of Political Suppression

Bangladesh is heading into what many describe as its most competitive national election in more than a decade, marking a dramatic reversal of political fortunes after years of one-party dominance. For 15 years under former...

Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition

Ghislaine Maxwell, a longtime associate of the late financier Jeffrey Epstein, plans to refuse to answer questions during a scheduled deposition before the U.S. House Committee on Oversight and Government Reform on Monday,...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...