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Lucid Motors to rival Tesla's Model 3 in 2024 or 2025

Feb 26, 2021 00:04 am UTC| Business

Luxury electric car maker Lucid Motors plans to launch a rival to Tesla Incs Model 3 in 2024 or 2025, says its Chief Executive Officer Peter Rawlinson. A former Tesla engineer, Rawlinson is implementing the same...

Traveloka eyes regional fintech expansion, US listing

Feb 26, 2021 00:00 am UTC| Business

Indonesia-based travel startup Traveloka plans to launch financial services in Thailand and Vietnam while eyeing a US listing through a blank-cheque company after seeing a strong rebound in its business. According to...

HondaJet becomes top-selling small business aircraft for 4th year

Feb 25, 2021 23:58 pm UTC| Business

There were 31 HondaJet units sold in 2020 to mark the fourth year of being the best-selling small business aircraft in the world. Among the HondaJets attributes were its high performance, spacious cabin, and fuel...

Fry’s Electronics permanently closes remaining stores

Feb 25, 2021 09:25 am UTC| Business

Frys Electronics, the American big-box store chain, announced that it is going out of business and will be closing all of its shops across the U.S. The electronics superstore company shut down its outlets on the midnight...

Victoria's Secret permanently shutting 50 stores

Feb 25, 2021 08:33 am UTC| Business

Victorias Secret is planning to shut down 50 additional stores following the discontinuation of almost 250 shops last year. It was reported that the termination of store operations in this new wave of closures will be...

Alaska Airlines ordered to pay $3 million over the death of a passenger

Feb 25, 2021 07:50 am UTC| Business

Alaska Airlines has been slapped with a huge fine after the court finds it guilty of negligence that resulted in the death of one of its passengers. The lawsuit was against the carriers unit based in Seattle. The jurys...

Facebook is investing $1 billion in the news industry as Australia passes media bargaining code

Feb 25, 2021 07:41 am UTC| Business

Facebook was revealed to have made a $1 billion pledge in news investment for the next three years. Mark Zuckerbergs company made the announcement just a day after its dispute with the Australian government over news...

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Economy

Silver Prices Surge as Retail Investors Drive Unusually Strong Rally

Silver has delivered a powerful and unexpected rally in recent months, outperforming most other commodities and precious metals. Prices have climbed at a pace that historically took years to achieve, with silver futures...

Venezuela Prepares to Resume Dollar Sales to Support Bolivar After Oil Disruptions

Venezuela is reportedly moving closer to restarting government-backed dollar sales, a step that could help stabilize the countrys fragile bolivar after weeks of turbulence linked to US sanctions and oil export disruptions....

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

U.S. Denies Plans to Use Venezuelan Oil to Refill Strategic Petroleum Reserve

The U.S. Department of Energy has denied reports that the federal government is considering using Venezuelan oil in an exchange with American oil companies to help refill the Strategic Petroleum Reserve (SPR). On Friday, a...

U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales

The United States is accelerating efforts to grant Chevron an expanded license for oil production in Venezuela, a move that could significantly reshape the countrys energy sector and global oil markets. U.S. Energy...

Politics

DOJ Sues Virginia Over Failure to Provide Full Voter Registration Records

The U.S. Justice Department has filed a lawsuit against the state of Virginia, alleging that state officials failed to comply with federal requirements to provide complete voter registration lists. According to a statement...

Trump Honored With Road Renaming Near Mar-a-Lago as His Name Expands Across U.S. Institutions

U.S. President Donald Trump marked the ceremonial renaming of a major roadway near his private club in Palm Beach, Florida, highlighting the continued expansion of initiatives, buildings, and programs bearing his name...

Trump Expands Investment Portfolio With $100M Bond Purchases Amid Conflict Questions

U.S. President Donald Trump disclosed the purchase of nearly $100 million in municipal and corporate bonds between mid-November and late December, according to newly released financial filings. The disclosures, posted late...

White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability

The White House has urged PJM Interconnection, the largest electric grid operator in the United States, to hold an emergency power auction to prevent rolling blackouts as electricity demand from data centers accelerates...

Trump Announces “Board of Peace” to Oversee Transitional Governance of Gaza

The White House on Friday officially announced the members of the so-called Board of Peace, a new international body proposed under President Donald Trumps plan to supervise the temporary governance of Gaza. The...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...

China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production

Suppliers producing key components for Nvidias H200 artificial intelligence chips have reportedly paused production after Chinese customs authorities blocked shipments of the newly approved AI processors from entering...

California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery

California Attorney General Robert Bonta has issued a cease-and-desist letter to Elon Musks artificial intelligence company xAI, demanding an immediate stop to the creation and distribution of AI-generated nonconsensual...

TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure

TikTok is set to roll out new age-detection technology across Europe in the coming weeks, as the popular social media platform faces increasing regulatory scrutiny over child safety and age verification. The move follows a...

Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling

Alphabets Google has asked a federal judge to delay enforcing a key part of a landmark antitrust ruling that would require the company to share valuable search data with rivals, according to court filings submitted on...