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Rimac raised €500M to expand production capacity, Porsche participates in the funding round

Jun 02, 2022 07:56 am UTC| Business Economy

Rimac Automobili, a Croatian car manufacturer headquartered in Sveta Nedelja, Croatia, that develops and produces electric sports cars, announced on Wednesday, June 1, that it was able to secure new funds and raised 500...

Elon Musk tells Tesla executive staff to return to the office or be fired

Jun 02, 2022 07:34 am UTC| Business Economy

Elon Musk reportedly demanded that Tesla executives to return and work at the office. The billionaire was said to have sent out an email on Tuesday, May 31, telling staff to be in the office for a specific minimum time...

Starlink approved in the Philippines, becomes first Southeast Asian country to have Elon Musk's satellite internet service

Jun 01, 2022 10:07 am UTC| Business Economy

Starlink, the satellite internet constellation operated by Elon Musks SpaceX company, has been approved by the Philippine government, and this was revealed by Musk himself late last week. With this development, Filipinos...

Target employees in Virginia file legal charges against the company over alleged intimidation, spying

Jun 01, 2022 09:55 am UTC| Business Economy

The Target employees in Virginia reportedly filed a claim against the retail giant for alleged unfair labor practices that involved intimidation and spying. With the filing, the United States Department of Labor will be...

Vodafone partners with Hyundai Robotics to jointly develop and market service robots

Jun 01, 2022 09:30 am UTC| Business Economy

Vodafone, a leading technology communications company in Europe and Africa, has struck a deal with South Koreas Hyundai Robotics to develop service robots that can be sold in the European market. According to Aju...

Lotte Department Store in Busan temporarily closing due to conflict with the city government

Jun 01, 2022 09:10 am UTC| Business Economy

Lotte Department Store branch in Gwangbok, Busan, has been temporarily shut due to a conflict with the city government. It was revealed that the retail shopping chains permit expired on Tuesday, May 31, and the Busan...

Medipost acquires Canada’s OmniaBio to launch CDMO biz in North America

Jun 01, 2022 07:53 am UTC| Business Economy

Medipost Co. Ltd, a South Korean biotechnology company, purchased a stake in Canadas OmniaBio Inc., a subsidiary of the Centre for Commercialization of Regenerative Medicine (CCRM), as it is planning to launch its own...

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Economy

U.S.-Iran Tensions Escalate as Strait of Hormuz Crisis Disrupts Global Oil Markets

Geopolitical tensions between the United States and Iran continue to intensify, significantly impacting global energy markets and international diplomacy. U.S. naval forces recently intercepted a sanctioned vessel, the M/V...

Canadian Dollar Outlook: Resilient Performance Driven by Oil Prices and Market Dynamics

The Canadian dollar (CAD) has demonstrated notable resilience among G10 currencies in recent weeks, even as domestic economic data shows signs of softness. According to Goldman Sachs, this strength comes despite...

U.S.-Iran Conflict Stalls as Diplomatic Efforts Collapse and Global Oil Tensions Rise

Hopes for a diplomatic breakthrough in the ongoing U.S.-Israel conflict with Iran have faded as negotiations remain stalled, prolonging uncertainty in global markets and geopolitics. Efforts to end the two-month conflict...

U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases

The U.S. Treasury Department has imposed new sanctions on Hengli Petrochemical (Dalian) Refinery Co., a major Chinese independent refinery, over its large-scale purchases of Iranian crude oil and petroleum products. The...

US Dollar Weakens as Iran Talks Boost Risk Appetite in Forex Market

The U.S. dollar edged lower on Friday as global investors shifted toward riskier assets, encouraged by renewed diplomatic signals between the United States and Iran. This movement in the forex market reflects growing...

Politics

Taiwan Minister Visits Eswatini Amid Airspace Dispute and China Pressure Claims

Taiwans Foreign Minister Lin Chia-lung has arrived in Eswatini, reaffirming Taipeis determination to expand its global presence despite alleged interference from China. His visit comes shortly after Taiwan accused Beijing...

Russian Drone and Missile Strikes Devastate Dnipro, Killing 10 and Injuring Dozens

Russian forces launched a series of intense drone and missile attacks on the southeastern Ukrainian city of Dnipro, killing at least 10 people and injuring dozens in one of the most prolonged assaults in recent months. The...

Ukraine Marks 40 Years Since Chornobyl Disaster Amid Ongoing War Risks

Ukraine is commemorating the 40th anniversary of the Chornobyl nuclear disaster under the shadow of continued conflict with Russia, raising fresh concerns about nuclear safety in the region. The 1986 explosion at reactor...

Palestinian Local Elections Resume in Gaza and West Bank Amid Low Turnout and Ongoing Crisis

Palestinians participated in local elections on Saturday, marking a significant political moment as voting extended to Gaza for the first time in nearly two decades. The inclusion of Deir al-Balah, a city in the Gaza...

Romania Condemns Russian Drone Incident as NATO Tensions Rise

Romania has recovered fragments of two drones following an overnight Russian attack on neighboring Ukraine, raising fresh concerns about regional security and NATO airspace violations. According to Romanias defense...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations

A U.S. federal judge has dismissed key fraud claims brought by Elon Musk in his high-profile lawsuit against OpenAI and its co-founder Sam Altman, marking a significant development in the ongoing legal battle. The ruling,...

$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion

Related Digital, a major data center developer, announced on Friday that it has secured $16 billion in financing to support the construction of a large-scale data center campus in Michigan. This significant investment...

U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation

The U.S. State Department has launched a global diplomatic effort to highlight what it describes as large-scale intellectual property theft by Chinese artificial intelligence companies. According to a diplomatic cable...

DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window

DeepSeek has unveiled preview versions of its latest open-source artificial intelligence models, marking a significant step forward in AI performance and reasoning capabilities. The new releases, DeepSeek-V4-Pro and...

Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure

Amazon (NASDAQ: AMZN) shares climbed around 2% শুক্রবার morning after Meta revealed a major expansion of its partnership with Amazon Web Services (AWS), signaling strong momentum in the growing artificial intelligence...