Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
Europe faces ‘mortal’ threat, says Emmanuel Macron: French president calls for huge investment push and EU reforms in Sorbonne speech
ft.com/content/01a0657c-ed25-4d7b-add6-568dcc6907f9
Quick Glance: Macron Calls for Stronger European Defense
- Macron urged Europe to adopt a credible defense strategy less dependent on the US.
- He warned that Europe was not adequately prepared to face global threats like Russia's war in Ukraine.
- Emphasizing European sovereignty, Macron called for autonomy in defense and the economy.
- He advocated for a revision of EU trade policy, prioritizing European suppliers for military equipment.
Climate groups picket Swiss National Bank's shareholder meeting over its investments
reut.rs/44o6TBa
Quick Glance: Climate activists protest Swiss National Bank
- Climate campaigners picketed the Swiss National Bank's shareholders meeting to protest against investments damaging the environment.
- The protest followed a ruling by Europe's top human rights court that Bern was not adequately protecting citizens from rising temperatures.
- Around 50 activists demanded SNB to divest from fossil fuel and fracking companies or influence their behavior.
- SNB's investments were linked to significant carbon emissions, but it declined to comment on protests or its investment strategy.
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Bank of Japan Stands Pat on Rates and Bond Buying, Hitting Yen: The Bank of Japan held its interest rate settings steady and simplified its language on ...
bloomberg.com/news/articles/2024-04-26/boj-holds-rates-drops-monthly-bond-buying-reference-figure
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Ireland says UK's Rwanda policy drives migrants over its border: The threat of deportation to Rwanda is causing migrants to head for Ireland instead of staying ...
reuters.com/world/ireland-says-uks-rwanda-policy-drives-migrants-over-its-border-2024-04-26/
Musk's X says posts of Australia bishop stabbing don't promote violence: Elon Musk's social media platform X defended publishing posts showing a bishop in ...
reut.rs/3UczrZH
College campuses call in police to pro-Palestinian demonstrations: The University of Southern California has canceled its main stage graduation ceremony under ...
apnews.com/article/israel-palestine-war-campus-protests-fbd7dd06431f32d24d0f8abcc8a56b8b
Tesla's plan for affordable cars takes page from Detroit rivals: Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — ...
reuters.com/business/autos-transportation/teslas-plan-affordable-cars-takes-page-detroit-rivals-2024-04-26/
To power the #energy transition, the world needs to secure a reliable supply of critical #minerals .
Learn more: www.weforum.org/publications/securing-minerals-for-the-energy-transition/ McKinsey & Company #SpecialMeeting24
Robert Habeck under pressure: Germany's nuclear phase-out was about ideology: Internal correspondence shows: At the height of the energy crisis ...
nzz.ch/der-andere-blick/robert-habeck-unter-druck-beim-deutschen-atomausstieg-ging-es-um-ideologie-ld.1827929
Quick Glance: German Exit from Nuclear Energy: Ideology Over Pragmatism
- During an energy crisis, green ministries in Germany pushed through the nuclear energy phaseout, disregarding warnings and prioritizing ideological goals over energy security.
- Internal communications reveal that high-ranking green officials ignored and twisted facts to advance the nuclear phaseout, even if it raised safety concerns.
- The origins of the energy transition were not primarily focused on climate change but aimed to eliminate nuclear energy and transition to renewables and coal.
- The decommissioned nuclear power plants now serve as monuments to a green misstep that led Germany into an energy policy tragedy, potentially hindering the construction of new nuclear power plants.
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
Sweden should hike military budget to 2.6% of GDP, defence committee says: Sweden should raise its military spending to around 2.6% of GDP by 2030 ...
reuters.com/world/europe/sweden-should-hike-military-budget-26-gdp-defence-committee-says-2024-04-26/
Pro-Palestinian Encampments Spread, Leading to Hundreds of Arrests: Protests and encampments in support of Palestinians in Gaza have sprung up at colleges and ...
nytimes.com/2024/04/24/us/pro-palestinian-encampments-protests.html
Is China a democracy? A historian explains. | NZZ: China calls itself a “democratic dictatorship of the people.” What does that mean? Is China a democracy - or a ...
nzz.ch/international/ist-china-eine-demokratie-ein-historiker-erklaert-nzz-ld.1825416
Who could buy TikTok?: The clock has begun ticking for TikTok to find a new owner.
cnn.com/2024/04/25/tech/who-could-buy-tiktok/
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
CEOs ask for patience on their big bets on AI: Right now, CEOs are betting big on AI, pouring vast amount of resources and money into the technology ...
businessinsider.com/when-will-companies-monetize-ai-ceos-ask-for-patience-2024-4
Quick Glance: Microsoft's Leadership in AI Threatens Amazon Cloud Dominance
- Microsoft is poised to potentially surpass Amazon in the cloud computing market with innovative AI features.
- Upcoming quarterly reports from Microsoft will illuminate the impacts of AI investments.
- Microsoft's Azure cloud service could experience significant growth fueled by generative AI.
- Google and Amazon are also focusing on integrating AI into their cloud services.
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
US probes Tesla recall of 2 million vehicles over Autopilot, citing concerns: U.S. auto safety regulators said Friday they have opened an investigation into ...
reuters.com/business/autos-transportation/us-probes-tesla-recall-2-million-vehicles-over-autopilot-citing-concerns-2024-04-26/
Tesla's plan for affordable cars takes page from Detroit rivals: Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — ...
reut.rs/3w6qYzd
Chaos has engulfed US universities as pro-Palestinian protests have spread from coast to coast. Let’s take a look at what is behind these demonstrations www.reuters.com/world/us/columbia-university-inspires-national-protest-wave-swift-response-by-authorities-2024-04-25/
Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
Cannes Adds New Film By Jean-Luc Godard Alongside Restorations of Spielberg, Wiseman, Tsui Hark, Bresson, and Sembène
thefilmstage.com/cannes-adds-new-film-by-jean-luc-godard-alongside-restorations-of-spielberg-wiseman-tsui-hark-bresson-and-sembene/
Japanese yen retreats after sudden surge: The Japanese yen slid on Friday, having briefly jumped against the dollar and other currencies ...
reuters.com/markets/currencies/yen-its-weakest-decades-boj-meets-2024-04-26/
FDP in crisis: The wrong track of traffic light criticism - Lindner's double problem
t-online.de/nachrichten/kolumne-christoph-schwennicke/id_100390680/fdp-in-der-krise-irrweg-ampel-kritik-lindners-doppelte-problem.html
Quick Glance: FDP in Crisis: Misguided Criticism – Lindner's Double Trouble
- The FDP criticizes its own government and is in crisis. The role of opposition is damaging the party's reputation.
- The FDP struggles to assert itself against other parties. Liberalism in Germany is often misinterpreted.
- The FDP faces internal challenges and needs to strengthen its position within the government. The party struggles to assert itself against coalition partners.
- Under Christian Lindner, the FDP faces difficulties in maintaining a clear stance. Internal conflicts and clumsy communication lead to tensions within the party.
US FDA sends warning letter to Cardinal Health for marketing unapproved devices
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Quick Glance: US FDA issues warning to Cardinal Health for marketing unauthorized devices
- Following an inspection of its facility in Illinois, the US health regulatory body issued a warning letter to Cardinal Health for marketing and distributing unauthorized devices from a Chinese manufacturer.
- In 2023, the U.S. Food and Drug Administration advised against using certain syringes manufactured in China due to reports of leaks, breakages, and quality issues, and recently expanded the guidelines.
- Cardinal has not responded to a request for comment from Reuters. The inspection revealed that Cardinal was importing two types of syringes under the Monoject brand.
- These syringes are utilized for injecting or withdrawing fluids from the body, as well as administering fluids or medications through a patient's feeding tube. In November, the agency cautioned healthcare providers and facilities against using Cardinal's Monoject syringes with pain management and syringe pumps.
Health conglomerate Kaiser notifies millions of a data breach: U.S. health conglomerate Kaiser is notifying millions of its members of a data breach earlier this ...
reuters.com/technology/cybersecurity/kaiser-notifies-millions-data-breach-2024-04-25/
Security concerns after protests: California university cancels graduation ceremony with 65,000 participants
spiegel.de/ausland/gaza-proteste-kalifornische-uni-sagt-abschlussfeier-mit-65-000-teilnehmern-ab-a-6f085923-35ce-40ca-87d5-8d1bcccf14ac
Global economy set to stay on a roll for the rest of the year: Reuters poll: The global economy is likely to carry its solid momentum for the rest of the year ...
reuters.com/business/global-economy-set-stay-roll-rest-year-2024-04-26/
Laurence Fox told to pay £180,000 in libel damages: Mrs Justice Collins Rice says the actor's comments were "gross, groundless and indefensible".
bbc.com/news/entertainment-arts-68899248
Quick Glance: Laurence Fox ordered to pay damages for libel
- Actor-turned-politician Laurence Fox has been instructed to pay £90,000 in damages to two individuals he labeled as 'paedophiles' on social media.
- Following a libel dispute in the High Court, he is now required to pay a total of £180,000.
- During an exchange over Sainsbury's decision to recognize Black History Month in October 2020, Fox referred to Mr. Blake and Crystal as 'paedophiles.'
- In a prior ruling in January, Fox's counterclaims were rejected, and judgment was made in favor of Mr. Blake and Mr. Seymour.
The US economy grew at its slowest pace in nearly two years in Q1, while an acceleration in inflation reinforced expectations that the Federal Reserve would ... Show more reut.rs/3WfEbQN
McKinsey Is Under Criminal Investigation for Its Opioid Work: Federal prosecutors are examining the consulting company’s role in helping “turbocharge” the sale ...
nytimes.com/2024/04/24/business/mckinsey-criminal-investigation.html
Quick Glance: Investigation against McKinsey in the US over involvement in the opioid industry
- A grand jury was established to examine evidence related to consulting for pharmaceutical companies involved in the addiction epidemic.
- McKinsey is under a criminal investigation in the US for its involvement with opioid manufacturers.
- Furthermore, federal prosecutors are looking into whether the company impeded justice through its actions as concerns about its work grew.
- According to a source, the US Department of Justice has been scrutinizing McKinsey's activities for several years, with a grand jury now set up in Virginia to review evidence.
Europol says Turks involved with the most threatening criminal networks in Europe - Nordic Monitor
nordicmonitor.com/2024/04/europol-says-turks-among-the-most-threatening-criminal-networks-in-europe/
Quick Glance: Europol's Insights on Turkish Criminal Networks in Europe
- A Europol report confirms that under President Erdogan, Turkey has become a hub for criminal syndicates posing a serious threat to European security.
- Turkish criminal networks extend across the Western Balkans, engaging in fraudulent schemes and arms trafficking, with Turkey being highlighted as a key location for online fraud systems.
- Turkey plays a key role in illegal firearms trafficking into Europe and exports weapons to conflict zones in the Middle East and Africa.
- Despite pressure from FATF, Turkey remains on the grey list and has intensified operations against criminal networks in the last 10 months, resulting in the arrest of hundreds of suspects.
China summons German ambassador after spying arrests: The German ambassador to China was summoned by Beijing on Thursday in response to several arrests in ...
reuters.com/world/europe/china-summons-german-ambassador-after-spying-arrests-2024-04-25/
Special session on nuclear phase-out: FDP MP sees no wrongdoing on the part of Economics Minister Habeck
spiegel.de/politik/deutschland/atomausstieg-fdp-abgeordneter-sieht-kein-fehlverhalten-bei-wirtschaftsminister-robert-habeck-a-ff186fb7-86ff-4d08-921a-b83474756dd0
Xi Is Meeting Blinken With Tough Issues on the Agenda: The direct meeting with China’s leader is a sign of continued effort to ease tensions ...
nytimes.com/2024/04/26/world/asia/blinken-xi-jinping-china.html
Quick Glance: China warns US to Choose Cooperation or Confrontation with Antony Blinken
- Blinken expected to demand Beijing cease support for Russia
- Tensions rise over accusations of China aiding Russia in Ukraine
- US accused of hindering Chinese industrial growth through export controls
- US and China seek to stabilize relations before US election campaign
How the Columbia protests sparked campus demonstrations across the country: The decision by Columbia University’s president to call in the New York Police ...
nbcnews.com/news/us-news/columbia-protests-sparked-campus-demonstrations-country-rcna148994
ByteDance Won’t Sell TikTok To Protect Its Secret Algorithm: Report: Sources said that if the company’s legal challenges fail, ByteDance would be willing to call ...
thedailybeast.com/bytedance-wont-sell-tiktok-to-protect-its-secret-algorithm-report
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Police clashed with pro-Palestinian protesters at the University of Southern California, who chanted 'Free Palestine' as they marched and carried tents on ... Show more
At the University of Southern California, police scuffled with pro-Palestinian protesters and temporarily took at least one person into custody
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
reut.rs/3xPcmEO
Portugal's democracy turns 50: Thousands to commemorate Carnation Revolution: Thousands are expected to take to the streets to celebrate the 50th anniversary on ...
reuters.com/world/europe/portugals-democracy-turns-50-thousands-commemorate-carnation-revolution-2024-04-25/
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
reuters.com/business/autos-transportation/xiaomi-locks-over-75000-orders-su7-car-targets-over-10000-deliveries-june-2024-04-25/
Indonesia raises interest rates to support sliding rupiah: Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
ft.com/content/e3f75d49-c3bf-408c-b8a4-e8c599dba384
Stock Market Today: Dow, S&P Live Updates for April 24: A $250 billion exchange-traded fund tracking the Nasdaq 100 got hit in late hours after Meta Platforms ...
bloomberg.com/news/articles/2024-04-23/stock-market-today-dow-s-p-live-updates
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Tesla profits have plummeted. Elon Musk remains all-in on robotaxis: Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk ...
npr.org/2024/04/23/1246643864/tesla-earnings-elon-musk-robotaxi
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
The young South Africans rethinking Nelson Mandela’s legacy: Some of those born after the end of apartheid are taking inspiration from the radical politics of ...
ft.com/content/2bfe3bf9-8666-43f9-9f5c-ed3d8bc64560
Quick Glance: Young South Africans Reconsidering Nelson Mandela's Heritage
- Kenneth Khoza is canvassing near Vilakazi Street for the uMkhonto we Sizwe party, named after the former armed wing of the African National Congress.
- Some young South Africans are questioning Mandela's legacy due to the deep disillusionment in the country marked by unemployment, crime, and racial inequality.
- There is a growing critique of the ruling ANC party, as some believe Mandela and the leadership of the liberation era should have taken more radical measures to correct the injustices of the apartheid era.
- While the ANC is expected to emerge as the largest party in the elections, polls suggest increasing dissatisfaction with its performance, potentially ushering in a new era of coalition politics.
Sanders launches Senate investigation into ‘outrageously high’ pricing of Ozempic, Wegovy
cnn.com/2024/04/24/health/senate-ozempic-wegovy-price/
Fragile yen could make BOJ's Ueda tilt more towards hawkish stance: The yen's slide to fresh 34-year lows is likely to force Bank of Japan Governor Kazuo Ueda to ...
reut.rs/3Qia2wk
UK's Labour outlines plan to renationalise railways within 5 years: Britain's opposition Labour Party said it planned to renationalise the country's rail network ...
reuters.com/world/uk/uks-labour-outlines-plan-renationalise-railways-within-5-years-2024-04-24/
Biden needles Trump over his hair and 'Mar-a-Lago values' as he addresses union: "Folks, the choice is clear," the president said, going after his rival.
abcnews.go.com/Politics/biden-needles-trump-hair-mar-lago-values-addresses/story
Quick Glance: Biden criticizes Florida's abortion ban and holds Trump accountable
- President Biden condemns the upcoming 6-week abortion ban in Florida.
- He blames Trump for appointing justices who overturned Roe v. Wade.
- Biden's campaign focuses on abortion rights to mobilize voters.
- Efforts to leverage Florida's abortion laws for political gain are highlighted.
The German government plans to resume cooperation with the UN Agency for Palestinians in Gaza, the foreign and development ministries said in a joint statement ... Show more www.reuters.com/world/europe/germany-resume-cooperation-with-palestinian-unrwa-agency-2024-04-24/
Quick Glance: UNRWA Report Highlights Lack of Evidence for Israel's Employee Militancy Claims
- An independent review commissioned by the United Nations found that Israel has not provided evidence to support its accusation that a 'significant' number of employees of the U.N. relief agency for Palestinian refugees in the Gaza Strip are members of terrorist organizations.
- The review, led by former French foreign minister Catherine Colonna, revealed that UNRWA 'plays an indispensable and irreplaceable role in the region,' despite issues such as employees expressing political views and offices being used for 'political or military purposes'.
- The review listed recommendations to enhance UNRWA operations, including improved training, more rigorous employee screening, and a thorough review of all textbooks and supplements.
- Concerns were raised regarding the screening of UNRWA employees and the content of textbooks, while Israel has yet to provide evidence to support the claim that a significant number of UNRWA employees are members of terrorist organizations.
'Buy Bitcoin' Sign Shown Behind Janet Yellen Sells for $1 Million at Auction
bloomberg.com/news/articles/2024-04-24/-buy-bitcoin-sign-shown-behind-yellen-sells-for-1-million-at-auction
Paid articlePaid Gaza protesters clash with police at US universities: Demonstrators in Texas were met with state troopers as protests lead to arrests on campuses across the ...
bbc.com/news/av/world-us-canada-68851625
Yen hits fresh 34-year lows against dollar ahead of BOJ meeting: The yen hit fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday ...
reuters.com/markets/currencies/markets-wary-intervention-yen-struggles-155-level-2024-04-25/
Voyager 1 space probe sends usable data back to Earth: The 46-year-old research instrument only produced unreadable data garbage for months ...
spektrum.de/news/raumsonde-voyager-1-funkt-wieder-verwertbare-daten-zur-erde/2214714
Quick Glance: Voyager 1 Sends Usable Data to Earth Again
- Launched in 1977, Voyager 1's mission is to explore interstellar space.
- After sending unreadable data for months, a fix was found for the issue.
- Experts repaired a faulty chip in the Flight Data Subsystem to resume sending readable data.
- The mission remains iconic, but the battery's longevity is uncertain as the probe continues its journey through the Milky Way.
Pilot proposes to flight attendant girlfriend in front of passengers: A Polish pilot has proposed to his flight attendant girlfriend on a flight from Warsaw to ...
cnn.com/2024/04/24/travel/pilot-proposes-to-flight-attendant-scli-intl/
Quick Glance: Pilot Proposes to Flight Attendant on LOT Flight to Krakow
- A flight attendant rushes down the aisle of an airplane after receiving a surprising marriage proposal from her partner.
- The video was captured on a LOT Polish Airlines flight to Krakow and later shared on Facebook.
- During the flight, the captain emerged from the cockpit to introduce himself to the passengers before making a heartfelt proposal to his partner.
- Choosing Krakow as the proposal location due to its significance in their relationship, the video of the proposal has garnered over 433,000 views on Facebook and Instagram, receiving widespread acclaim.
Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
Boeing reports $355m losses amid furore over safety fears: It is the seventh consecutive quarterly loss for the embattled aerospace giant
independent.co.uk/travel/news-and-advice/boeing-losses-safety-fears-report-b2534131.html
Reuters NEXT Newsmaker with Janet Yellen, US Secretary of the Treasury, to discuss the crisis in the Middle East, lingering inflation pressures and the state ...
reut.rs/4b9JlCc
Lawyers in Google browsing data case ask for $218 million fee award: Three U.S. law firms that spearheaded a browser data privacy class action against Alphabet's ...
reuters.com/legal/transactional/lawyers-google-browsing-data-case-ask-218-million-fee-award-2024-04-24/
Reggie Bush gets his Heisman Trophy back after it was stripped in 2010: Reggie Bush won the Heisman Trophy in 2005, but he forfeited the award after an NCAA ...
washingtonpost.com/sports/2024/04/24/reggie-bush-heisman-trophy/
Quick Glance: Reggie Bush to Regain 2005 Heisman Trophy
- The Heisman Trust is set to announce Reggie Bush receiving back the 2005 Heisman Trophy, reinstating his status as a recipient after a NCAA investigation.
- Following the restoration of his 2005 season records by the NCAA, the Heisman Trust confirmed the re-honoring of Bush's award.
- In a statement, Bush expressed his excitement to be back in the Heisman family and collaborate with the organization to uphold its values and mission.
- With the Heisman Trophy back in Bush's possession, USC now holds the top spot in college football's Heisman Trophy winners list with a total of eight recipients.
The European Parliament approved a policy which would ban single-use plastic packaging items for fruit and vegetables, condiments in fast food restaurants ... Show more www.reuters.com/business/environment/eu-parliament-backs-clampdown-single-use-plastic-packaging-2024-04-24/
Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/
WATCH: Parents of Hersh Goldberg-Polin plead for hostage deal, urge him to ‘stay strong, survive’
timesofisrael.com/liveblog_entry/be-brave-lean-in-parents-of-hostage-seen-in-propaganda-video-plead-for-hostage-deal/
German spy agency warns companies against being too "naive" on China: Germany's domestic spy agency told companies on Wednesday they should be on guard against ...
reuters.com/world/europe/german-spy-agency-warns-companies-against-being-too-naive-china-2024-04-24/
Microsoft's and Amazon's AI partnerships draw UK watchdog scrutiny: Britain's competition watchdog said on Wednesday it was seeking comments on the AI ...
reuters.com/technology/uk-competition-watchdog-seeks-views-ai-partnerships-2024-04-24/
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
Starbucks loses appeal over union election at Seattle store: A U.S. appeals court on Wednesday rejected Starbucks' claims that an employee vote to unionize at ...
reuters.com/legal/starbucks-loses-appeal-over-union-election-seattle-store-2024-04-24/
Tens of thousands protest as Milei’s austerity measures hit Argentina’s public universities
cnn.com/2024/04/24/americas/universities-protest-milei-argentina-intl-latam/
Middle East: Dieter Hallervorden fights for Gaza: "Atrocities usually have a history. And no one is born a terrorist," writes Dieter Hallervorden in a Facebook ...
nzz.ch/feuilleton/wie-aus-einem-komiker-mit-opa-humor-ein-vorkaempfer-fuer-gaza-geworden-ist-ld.1827557
JPMorgan CEO Dimon says US economy is booming: JPMorgan Chase CEO Jamie Dimon expressed confidence on Tuesday in a robust U.S. economy backed by strong ...
reuters.com/markets/us/jpmorgan-ceo-dimon-says-us-economy-is-booming-2024-04-23/
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Tesla’s profits are being sunk by a tide of electric cars: First-quarter profits for Elon Musk’s company have more than halved, with the EV market awash with ...
smh.com.au/business/companies/tesla-s-profits-are-being-sunk-by-a-tide-of-electric-cars-20240424-p5fm6k.html
Musk targets Australian senator, gun laws in deepening dispute over X stabbing content
reut.rs/44aDGJP
Somewhere along the line, Boeing lost interest in making its own planes, Jerry Useem writes.
“One day in 1916, [Bill] Boeing spotted an imperfectly cut wing ... Show more www.theatlantic.com/ideas/archive/2024/04/boeing-corporate-america-manufacturing/678137/ www.theatlantic.com/ideas/archive/2024/04/boeing-corporate-america-manufacturing/678137/
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Taiwan happy with US aid package, China objects to arms sales: Taiwan President Tsai Ing-wen said on Wednesday she was happy the U.S. Congress had passed a ...
reuters.com/world/asia-pacific/taiwan-happy-with-us-aid-package-china-objects-arms-sales-2024-04-24/
Tesla could start selling Optimus robots by the end of next year, Musk says: Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as ...
reuters.com/technology/tesla-could-start-selling-optimus-robots-by-end-next-year-musk-says-2024-04-24/
Quick Glance: Tesla aims to potentially launch its humanoid robot Optimus next year, Elon Musk suggests
- Elon Musk hinted at the possibility of Tesla introducing its humanoid robot Optimus to the market next year. The company plans to deploy the robot in its own factory by the year's end.
- Not long ago, Tesla revealed “Optimus Gen 2”, a new iteration of its humanoid robot designed to assume repetitive human tasks.
- Tesla's confidence in achieving this stems from its utilization of AI technologies in the self-driving vehicle sector and its proficiency in battery and electric motor innovations. The notion that its vehicles are essentially robots on wheels was posited.
- Envisioning a future where households incorporate a Tesla Optimus robot that assumes various manufacturing and service roles, the CEO's perspective is clear.
The US Senate passed legislation giving TikTok's Chinese owner, ByteDance, about nine months to divest the US assets of the short-video app ...
reut.rs/44fo9Zl
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears: Tesla shares surged 10% on Wednesday after the electric-car maker eased some worries ...
reuters.com/technology/tesla-jumps-musks-promise-more-affordable-cars-eases-growth-fears-2024-04-24/
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