China’s manufacturing activity experienced a decline for the second consecutive month in June, according to an official survey. The National Bureau of Statistics (NBS) reported that the purchasing managers’ index (PMI) stood at 49.5 in June, unchanged from the previous month. This figure remains below the critical 50-mark, indicating a contraction in the manufacturing sector.
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The ongoing saga between Boeing and U.S. prosecutors has reached a pivotal moment, with a July 7 deadline looming for the Justice Department to decide whether to criminally charge the embattled planemaker. This development comes on the heels of the government’s finding that Boeing violated a deferred prosecution agreement (DPA) from 2021, put in place
The U.S. Track & Field Olympic Trials have been witnessing a different breed of athletes this year – unsponsored ones. These 35 athletes are part of Bandit Running’s Unsponsored Project, where they defy the traditional sponsorship model by donning all-black, logo-less gear. This initiative challenges the norm where athletes are expected to promote major brands
India’s opposition Congress has recently called on Prime Minister Narendra Modi’s government to investigate Foxconn, a major Apple supplier, regarding its discriminatory hiring practices towards married women. The issue came to light after a Reuters report revealed that Foxconn was excluding married women from job opportunities in its iPhone assembly plant in Tamil Nadu. This
An article by Daniel Wiessner from Reuters discusses how a federal judge in Texas has temporarily blocked a Biden administration rule that aimed to extend mandatory overtime pay to 4 million salaried U.S. workers. U.S. District Judge Sean Jordan ruled that the U.S. Department of Labor’s rule improperly based eligibility for overtime pay on workers’
In a strategic move to boost its cloud infrastructure services, Amazon Web Services (AWS) has announced that it will double the value of credits offered to some startups. This initiative comes as AWS faces stiff competition from Microsoft in the realm of artificial intelligence services. Starting July 1, startups that have recently raised a Series
NASA and Boeing have decided to further extend the first crewed flight of Boeing’s Starliner capsule, named “Calypso,” at the International Space Station. The decision was made to conduct additional testing on the ground, without setting a new target date for the capsule’s return. This decision comes after the planned nine-day mission has already extended
Amazon is making significant strides in the field of artificial intelligence by acquiring talent from AI startup Adept. The move, which involves hiring key members of Adept’s team and licensing their technology, demonstrates Amazon’s commitment to advancing its AI capabilities. Rohit Prasad, a senior vice president at Amazon, recently announced in a memo to employees
Levi Strauss, the iconic clothing maker known for its blue jeans, is experiencing a surge in popularity as consumers are embracing the Western wear trend. This trend has been fueled by cultural influences such as Beyoncé’s “Levii’s Jeans” lyric and Taylor Swift’s Eras Tour, as well as fashion lines like the one unveiled by Louis
Argentina’s President Javier Milei recently achieved a big legislative win with the approval of economic reform measures proposed by him in Congress. This comes just over six months after he took office, indicating early success in his presidency. The measures, which include investment incentives, privatization of state-owned entities, and tax reforms, are aimed at shaking
The rapid advancements in artificial intelligence (AI) have brought about significant transformations in various industries. However, Chinese smartphone company Honor’s CEO, George Zhao, emphasizes that these advancements are meaningless if user data is not adequately protected. In an exclusive interview with CNBC, Zhao highlighted the need for safeguarding personal data in AI operations to ensure
The National Transportation Safety Board (NTSB) issued a warning to Boeing stating that it could lose its status as a party to the probe into a 737 MAX mid-air blowout. This warning came after Boeing violated rules by providing non-public information to the media and speculating about possible causes. The NTSB Office of Aviation Safety
Paramount’s latest prequel in the A Quiet Place franchise, A Quiet Place: Day One, has shattered records with a preview night haul estimated between $5M-$6M. Showtimes for the highly anticipated film began at 3 PM, surpassing the numbers set by its predecessors. Directed by Michael Sarnoski, the film explores the origins of the ferocious aliens
The rise of Chinese automakers in the global automotive market is projected to be significant, with forecasts suggesting that these brands will hold a 33% market share by 2030. This marks a substantial increase from the 21% market share they are expected to have this year. The growth of Chinese automakers is not limited to