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
Development
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
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
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
GSK’s shares took a hit, dropping as much as 7% following a U.S. public health agency‘s change in recommendation for the use of respiratory syncytial virus (RSV) vaccines. This change directly affects the drugmaker’s new blockbuster medicine, Arexvy, which was introduced in the United States last summer. The recommendation by the U.S. Centers for Disease
Rivian Automotive experienced a significant boost in its stock price, soaring more than 40% after securing up to $5 billion in funding from Volkswagen Group. This initial investment of $1 billion, with an additional $4 billion expected by 2026, signaled a major vote of confidence in Rivian’s potential within the electric vehicle market. The surge
When looking at the midday trading reports, it is evident that the stock market is experiencing a mixed bag of outcomes. From SolarEdge Technologies taking a substantial hit to Carnival seeing a significant rise, investors are navigating through various developments that are impacting their portfolios. Let’s delve into some of the key highlights and trends
Sri Lanka is on the brink of signing a debt restructuring agreement with a group of creditor nations, marking a significant milestone in the country’s efforts to navigate through a debilitating economic crisis. The Foreign Minister, Ali Sabry, confirmed that the agreement is expected to be finalized on Wednesday, bringing hope for the country’s recovery.
Recent economic developments have led to a rise in political uncertainty in major economies around the world. With the first U.S. presidential debate on the horizon and the first round of voting in the French election taking place, investors are wary of how these political shifts could impact their positions in the market. This caution
Asian stocks experienced a positive trend on Tuesday, bouncing back from recent losses as investors shifted their focus to potential developments in the ongoing trade war between China and the West. With Chinese markets stabilizing after a period of steep declines, optimism began to emerge as Chinese and European ministers engaged in discussions regarding import
Beijing is pushing the European Union to eliminate its preliminary tariffs on Chinese electric vehicles before the July 4 deadline. These tariffs, ranging up to 38.1%, are scheduled to come into effect on July 4 as the EU investigates alleged excessive and unfair subsidies to Chinese electric vehicle manufacturers. China has been urging the EU
In a recent development, China has called upon the European Union to reverse its decision to impose provisional tariffs on Chinese electric vehicles. The dispute arose in the wake of an anti-subsidy investigation launched by the EU into Chinese EVs, leading to the imposition of duties of up to 38.1% on imported vehicles. This move
The Bank of Japan recently engaged in a debate regarding the potential for a near-term interest rate hike, as revealed by a meeting summary. The discussion centered around addressing the risks associated with inflation surpassing expectations. One member of the board advocated for an immediate increase in interest rates to tackle this issue without delay.