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Mercedes-Benz, Renault take flak for abandoning Busan Motor Show

May 30, 2022 23:39 pm UTC| Business Economy

Mercedes-Benz and Renault Motors have been criticized for not taking part in the 2022 Busan International Motor Show (BIMOS), prioritizing finances over participation as members of the nations automotive...

Delhi Capitals to launch NFTs with FanCraze

May 30, 2022 23:36 pm UTC| Sports Economy Business

The Indian Premier Leagues (IPL) Delhi Capitals has partnered with sports blockchain technology firm FanCraze for the launching of non-fungible tokens (NFTs) and Web 3.0 experiences. The Capitals would be the first team...

Fiba approves use of glass LED courts for elite tournaments like world Cup

May 30, 2022 23:31 pm UTC| Sports Economy Business

The International Basketball Federation (Fiba) has approved the use of LED glass courts in elite-level tournaments, allowing new broadcast experiences and sponsorships activations. The surface can be used in any number...

Warriors, 76ers, Devils, and Giants owners take part in US$30 million Gametime funding round

May 30, 2022 23:26 pm UTC| Sports Economy Business

Ticketing platform Gametime generated US$30 million in a funding round involving co-managing partner of the Philadelphia 76ers and New Jersey Devils David Blitzer, San Francisco Giants owner Jeff Mallet, and Golden State...

Ballooning inventories force US retailers Walmart, Costco, Gap, and Macy’s to discount goods

May 30, 2022 21:31 pm UTC| Business Economy

Major US retailers that recently scrambled to restock shelves amid product shortages, such as Walmart, Costco, Gap, and Macys are now packed with too much merchandise they are forced to discount unsold goods. During the...

60 UK companies to hold four-day workweek trials

May 30, 2022 20:57 pm UTC| Business Economy

Sixty UK companies will conduct a six-month trial of a four-day working week to help firms shorten their working hours without cutting salaries or sacrificing revenues. Such trials have been conducted in Spain, Iceland,...

Samsung Display to close LCD business due to competition from Chinese, Taiwanese brands

May 30, 2022 20:50 pm UTC| Business Economy

Samsung Display will close its liquid-crystal display (LCD) business in June due to a declining global competitive edge because of cheaper products made by its Chinese and Taiwanese counterparts. The decision by Samsung...

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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...