According to a report by the Financial Times on Friday, Elon Musk, the CEO of Tesla, is preparing to establish a startup focused on artificial intelligence that will rival OpenAI. According to sources familiar with the matter, Elon Musk, who is the CEO of Tesla, SpaceX, and Twitter, has been ...
Read More »Israel conducts retaliatory strikes in Syria following rocket fire
On Sunday, Israel launched a retaliatory strike against Syria, firing rockets in response to recent rocket attacks on Israeli-controlled territory. Despite six rockets being launched towards Israel, no damage was reported. According to al-Mayadeen TV based in Lebanon, the al-Quds brigades, the armed wing of the Palestinian Islamic Jihad movement, ...
Read More »Citi delays its stock rebound forecasts for China as recovery takes longer than anticipated
According to a report released on Thursday by Citi analysts, China’s economic recovery is taking longer than anticipated, causing a three-month delay in the firm’s forecasts for a stock market rebound. Initially set for June, Citi now expects the Hang Seng Index to reach 24,000 by the end of September, ...
Read More »Australia prohibits TikTok on government devices citing security concerns
Australia has joined the list of US-allied countries that have taken action against the Chinese-owned video app by banning TikTok on all federal government-owned devices on Tuesday over security concerns. The ban on TikTok by the Australian government highlights concerns over the potential misuse of user data by the Chinese-owned ...
Read More »Finland deposits accession documents to become the 31st member of NATO
On Tuesday, Finland completed its historic strategic shift by depositing its accession documents to the alliance and officially becoming the 31st member of NATO. On Tuesday, Finland completed its historic policy shift by formally joining NATO. The military bloc’s Brussels headquarters saw the flag of Finland being raised, as the ...
Read More »Tesla delivers 422,875 vehicles in Q1 2023
On Sunday, Tesla released its report on vehicle production and deliveries for the first quarter of 2023. According to the report, the electric vehicle manufacturer delivered a total of 422,875 vehicles during the first quarter of 2023. The report also revealed that Tesla produced 440,808 vehicles during the same period. ...
Read More »McDonald’s reportedly shutting down US offices and initiating layoffs
The Wall Street Journal reported on Sunday that McDonald’s, the burger chain, will be closing its US offices temporarily this week to inform corporate employees about the upcoming layoffs as a part of a larger company restructuring. According to the Wall Street Journal, McDonald’s Corporation has sent an internal email ...
Read More »Chinese lithium producers establish a minimum price as demand decreases, sources
China’s leading lithium producers have reportedly agreed to establish a price floor of 250,000 yuan ($36,380) per tonne of lithium carbonate, as per six individuals who are familiar with the situation. The move is aimed at curbing a sharp decline in the price of the battery raw material due to ...
Read More »Wimbledon Allows Russian and Belarusian Players to Compete as “Neutral Athletes”
Russian and Belarusian players will be allowed to participate in Wimbledon this year after the tournament lifted its ban on them. However, players from these countries must sign neutral declarations. The ban was imposed last year in response to Vladimir Putin’s invasion of Ukraine. Last year, the Lawn Tennis Association ...
Read More »Electronic Arts (EA) to Cut 800 Jobs, or 6% of Workforce, and Reduce Office Space
On Wednesday, video game company Electronic Arts (EA) announced its plans to reduce office space and cut around 800 jobs, which accounts for approximately 6% of its total workforce. In a note addressed to employees, CEO Andrew Wilson explained that Electronic Arts (EA) is shifting its focus towards projects that ...
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