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Drones could revolutionise the construction industry, supporting a new UK housing boom

Jul 21, 2024 16:29 pm UTC| Insights & Views Technology

The UKs new Labour government has pledged to build 1.5 million homes during its first term in office. To achieve this, it promises planning reform and the reintroduction of local housing targets. Yet little attention has...

Massive IT outage spotlights major vulnerabilities in the global information ecosystem

Jul 21, 2024 16:21 pm UTC| Insights & Views Technology

The global information technology outage on July 19, 2024, that paralyzed organizations ranging from airlines to hospitals and even the delivery of uniforms for the Olympic Games represents a growing concern for...

A global IT outage brought supply chains to their knees

Jul 21, 2024 16:18 pm UTC| Insights & Views Technology

Fridays global IT outage caused by a faulty software update from cybersecurity firm Crowdstrike wrought havoc on business operations around the world. Severe disruptions were reported in multiple countries, including...

Canada to See Tesla Cybertruck in 2024 After Exemption Secured

Jul 21, 2024 11:59 am UTC| Technology Business

Teslas Cybertruck is set to debut in Canada this year after securing a vital exemption from Transport Canada. Steer-by-Wire System Approved Teslarati reports that after securing a significant exemption in Canadas...

Tesla Offers $1,000 Off for Owners Upgrading from EAP to FSD in Limited-Time Deal

Jul 21, 2024 11:36 am UTC| Technology Business

Tesla announced a limited-time $1,000 discount for owners upgrading from Enhanced Autopilot (EAP) to Full Self-Driving (FSD) when purchasing a new vehicle. Teslas Limited-Time Discount Offer Emails sent out to Tesla...

Xiaomi CEO: Trump Sanctions Spark China’s EV Entry, Competing with Tesla

Jul 21, 2024 10:44 am UTC| Technology Business

Xiaomi CEO Lei Jun revealed that Trump administration sanctions spurred the companys unexpected entry into Chinas electric vehicle market, aiming to challenge Tesla. Xiaomi CEO Lei Jun stated on Friday that the...

iPhone SE 4 to Feature iPhone 16's Design Elements and Single Camera Lens

Jul 21, 2024 10:19 am UTC| Technology Business

The forthcoming iPhone SE 4 is set to incorporate design elements from the iPhone 16, including a single camera lens and updated back cover, as suggested by industry sources. Adoption of iPhone 16 Back Cover...

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Economy

Dollar Holds Near Two-Week High as Fed Rate Hike Bets Rise

The U.S. dollar held close to a two-week high on Monday as investors increased bets on a Federal Reserve interest rate hike following hawkish comments from Chair Kevin Warsh, while renewed tensions in the Gulf boosted...

Asian Currencies Mixed as Yen Nears 160, Oil Surges

Asian currencies traded mixed on Monday as the Japanese yen remained close to the critical 160-per-dollar level, while escalating U.S.-Iran tensions pushed oil prices higher and fueled risk aversion across financial...

Asian Tech Stocks Slide as Fed Rate Hike Bets Rise

Asian technology stocks fell sharply on Monday as hawkish comments from Federal Reserve Chair Kevin Warsh strengthened expectations for a September U.S. interest rate hike, while renewed U.S.-Iran tensions and rising oil...

China Manufacturing PMI Contracts Again as Recovery Remains Fragile

Chinas manufacturing sector remained in contraction territory for a second consecutive month in August, although improving factory orders helped slow the pace of decline. Services activity also weakened, highlighting...

Asian Stocks Fall as Fed Rate Hike Bets and Iran Conflict Rattle Markets

Asian stocks fell broadly on Monday as investors reacted to hawkish comments from Federal Reserve Chair Kevin Warsh and escalating U.S.-Iran tensions, which drove oil prices higher and renewed inflation concerns. The...

Politics

Top US General Says No Troops Planned at Polling Places

The U.S. military has no plans to deploy federal troops or National Guard personnel to polling locations during the November 2026 midterm elections, according to General Dan Caine, chairman of the Joint Chiefs of Staff....

Trump Secures Drug Pricing Deals With Nine Pharma Companies

President Donald Trump announced new drug pricing agreements with nine pharmaceutical companies on Monday, expanding his administrations campaign to lower prescription drug costs for Americans. The agreements involve...

North Korea Vows to Strengthen Nuclear Arsenal Amid U.S. Tensions

North Korea said Monday that it will continue strengthening its nuclear weapons program, arguing that Washingtons hostile policy toward Pyongyang remains unchanged and poses an ongoing threat to the countrys sovereignty...

Flavio Bolsonaro Pledges to Respect Brazil Election Result

Brazilian Senator Flavio Bolsonaro, the leading opposition candidate in the countrys presidential race, has pledged to respect the outcome of the October election and abide by Brazils existing electoral rules. Bolsonaro, a...

Trump Posts AI Video of Iran’s Kharg Island Exploding as Tensions Surge

U.S. President Donald Trump posted an AI-generated video depicting Irans Kharg Island oil hub being destroyed, adding to tensions after Washington and Tehran exchanged attacks for the first time since July. Kharg Island...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates

Apple veteran Phil Schiller has stepped away from overseeing the App Store and the companys high-profile product launch events, marking another major leadership change as the iPhone maker prepares for a new era under...

SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says

SpaceX (NASDAQ: SPCX) could spend between $50 billion and $130 billion, including spectrum costs, to develop a standalone terrestrial network supporting its direct-to-device mobile service, according to Bernstein analysts....

Faraday Future Delivers First Robots in Middle East, Plans September Launches

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has completed its first robotics sale and delivery in the Middle East, marking an early milestone in the electric vehicle and AI technology companys regional...

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....