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Digital Currency Revolution

NFT: Axie Infinity hacked again, on Discord this time

May 19, 2022 11:00 am UTC| Business Investing Digital Currency

Axie Infinity is one of the most successful non-fungible token play-to-earn games worldwide, so many groups are interested in it. And yes, even those people with dark agendas are targeting the game for their own...

Dow Jones axes Tesla from S&P 500 ESG index over racial discrimination, handling of EV autopilot crashes

May 19, 2022 10:51 am UTC| Business Economy

Tesla has been removed from the widely-followed SP 500 ESG Index by SP Dow Jones Indices this week. The price-weighted measurement stock market index of 30 prominent companies listed on stock exchanges in the United States...

Hyundai, Kia investing ₩21T for local EV business

May 19, 2022 10:45 am UTC| Business Economy

Hyundai Motor Group announced it will be putting in ₩21 trillion or around $16.5 billion by 2030. The funds are set to be used for the expansion of its domestic electric vehicle business, which includes production and...

Netflix terminates 150 employees as it deals with huge subscriber losses

May 19, 2022 07:36 am UTC| Business Economy

Netflix is cutting jobs, and about 150 staff are affected by the decision that was confirmed on Tuesday, May 17. The company is getting rid of positions that are equivalent to less than two percent of its 11,000...

NATO branded beer launched by Finnish brewery as Finland seeks to join the treaty organization

May 19, 2022 07:13 am UTC| Business Economy

A Finnish brewery called Olaf Brewing launched a NATO branded beer, and this comes at a time when Finland is seeking to join the North Atlantic Treaty Organization. Over the weekend, the Savonlinna-based brewery decided to...

Allianz admits to defrauding teachers, clergy, bus drivers; Ordered to pay $6B

May 19, 2022 05:46 am UTC| Business Economy

Allianz SE, a German multinational financial services company headquartered in Munich, has agreed to pay around $6 billion to resolve its securities fraud charges in the United States. Also included in the charge sheet...

Nestle to supply baby formula from Europe to US due to shortage

May 19, 2022 05:34 am UTC| Business Economy

Nestle SA said it would be delivering baby formula to the United States from its plants in Switzerland and the Netherlands to help ease up the shortage in U.S. markets. The company announced on Tuesday, May 17, that it...

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Economy

Dollar Holds Firm as Fed Rate Cut Expectations and Global Data Drive Currency Markets

The U.S. dollar held onto recent gains Tuesday as investors looked ahead to key signals from the Federal Reserve that could clarify the timing of anticipated interest rate cuts. Currency markets remained relatively quiet...

U.S. Stock Futures Steady as Investors Await Fed Minutes and Key Economic Data

U.S. stock index futures traded little changed on Monday evening as investors prepared for a week packed with major economic data releases and Federal Reserve commentary that could shape the outlook for interest rates....

Gold and Silver Prices Slip Ahead of Key U.S. Economic Data and Fed Minutes

Gold and silver prices edged lower on Tuesday, extending losses from the previous session as investors turned cautious ahead of major U.S. economic data releases and the Federal Reserves January meeting minutes. Thin...

Asian Markets Cautious Amid Lunar New Year Closures as Oil Prices Rise on U.S.-Iran Talks

Asian financial markets moved cautiously on Tuesday in thin Lunar New Year trading, while oil prices climbed ahead of renewed U.S.-Iran nuclear negotiations in Geneva. Several major regional exchanges, including mainland...

RBA Raises Interest Rates to 3.85% as Inflation Pressures Persist

The Reserve Bank of Australia (RBA) lifted its cash rate by 25 basis points in February, citing persistent inflation and financial conditions that were no longer restrictive enough to curb rising prices. According to the...

Politics

Trump Signals Indirect Role in U.S.-Iran Nuclear Talks as Tensions Rise

U.S. President Donald Trump said he will be indirectly involved in high-stakes nuclear talks between the United States and Iran scheduled for Tuesday in Geneva, expressing cautious optimism that Tehran is ready to...

Trump Signals Indirect Role in U.S.-Iran Nuclear Talks as Tensions Rise

Ukraine-Russia Peace Talks in Geneva Focus on Land Disputes and Donetsk Control

Representatives from Ukraine and Russia are set to meet in Geneva on Tuesday and Wednesday for a new round of U.S.-mediated peace talks aimed at ending Europes largest conflict since World War II. The Kremlin has indicated...

Israel Approves West Bank Land Registration Plan, Palestinians Warn of ‘De-Facto Annexation’

Israels cabinet has approved new measures aimed at strengthening its control over the occupied West Bank, including a landmark decision to begin formal land registration in the territory for the first time since 1967. The...

Australia Refuses Repatriation of Citizens Held in Syrian ISIS Camp

Australian Prime Minister Anthony Albanese has confirmed that the government will not repatriate Australians currently detained in a Syrian camp housing families of suspected Islamic State (ISIS) militants. Speaking to ABC...

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

Ireland’s Data Protection Commission Launches GDPR Investigation Into X’s AI Chatbot Grok

Irelands Data Protection Commission (DPC) has opened a formal investigation into Xs AI chatbot, Grok, over concerns about personal data processing and the generation of harmful sexualised images, including manipulated...

Disney Issues Cease-and-Desist to ByteDance Over Alleged AI Copyright Infringement

Disney has sent a cease-and-desist letter to ByteDance, accusing the Chinese tech giant of using copyrighted Disney characters to train and power its Seedance 2.0 AI video generator without authorization, according to a...

Anthropic’s Claude AI Reportedly Used in U.S. Operation to Capture Nicolas Maduro

Anthropics artificial intelligence model, Claude, was reportedly used in a U.S. military operation that led to the capture of former Venezuelan President Nicolas Maduro, according to a Wall Street Journal report citing...

OpenAI Hires OpenClaw Creator Peter Steinberger to Advance Next-Generation AI Agents

OpenAI has hired Peter Steinberger, the creator of the open-source artificial intelligence agent OpenClaw, according to CEO Sam Altmans announcement on social media Sunday. The move follows OpenClaws recent surge in...

Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks

Vietnam has officially granted SpaceX permission to deploy its Starlink satellite internet service in the country, marking a significant step in expanding high-speed connectivity across Southeast Asia. According to state...