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Coca-Cola investing $42M to open bottling and distribution center in Canada

Jun 23, 2022 08:19 am UTC| Business Economy

Coca-Cola will be spending $42 million to build its new bottling and distribution facility in South Richmond, Canada. It was reported that the beverage company inked a lease deal for the land where it can expand its...

Tesla to sack some salaried staff but will hire again later; Former employees filed lawsuit over mass layoff

Jun 23, 2022 08:10 am UTC| Business Economy

Tesla is laying off around 10% of its salaried employees, and Elon Musk, the firms chief executive officer, confirmed this on Tuesday, June 21. While many people are set to lose their jobs, the EV maker said that it is...

Daewoo E&C to develop wearable robots for construction workers to help prevent musculoskeletal disorders

Jun 22, 2022 23:35 pm UTC| Business Economy Health

Daewoo Engineering Construction Co. will develop wearable robots that can be worn by construction workers that could help prevent musculoskeletal disorders and maintain productivity. The wearable robots consist of a...

Hyundai Oilbank to sell micro EV Cevo C at gas stations

Jun 22, 2022 23:35 pm UTC| Business Economy Nature

For the first time, Hyundai Oilbank Co. will launch a sales brokerage service partnership with local micro EV manufacturer Cevo Mobility for micro-electric vehicles among South Korean oil refiners. The company will...

Esports fantasy startup FanClash raises additional US$40 million to fund global expansion

Jun 22, 2022 23:35 pm UTC| Sports Technology Economy Business

Indian fantasy esports gaming startup FanClash raised US$40 million in fresh funding, which pushed the total amount it raised for its global expansion to $50.5 million. The Series B round was led by Alpha Wave Global,...

Digital Currency Revolution

LA Angels and Washington Wizards lose out on sponsorships due to crypto crash

Jun 22, 2022 23:34 pm UTC| Sports Economy Business Digital Currency

MLBs Los Angeles Angels and the NBAs Washington Wizards have lost out on major sponsorship deals due to the downturn in cryptocurrency. According to reports, the Wizards agreement with an unnamed cryptocurrency company...

McLaren Racing to develop fully sustainable F1 car as part of green goals

Jun 22, 2022 23:28 pm UTC| Sports Nature Economy Business

McLaren Racing has detailed plans in its report to develop a fully circular sustainable Formula One car as part of efforts to halve its greenhouse gas (GHG) footprint by 2030 and achieve carbon next zero by 2040. The...

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Economy

US Alcohol Ban Exposes Canada’s Internal Trade Barriers

A new US ban on many Canadian alcohol imports is putting fresh pressure on Canadas brewers, distillers and winemakers, but provincial trade barriers are making it difficult for producers to replace lost American sales at...

US Stocks Slip as Treasury Yields Ease, AI Trade Rebounds

U.S. stocks ended slightly lower Tuesday, recovering from deeper losses as Treasury yields retreated from multi-decade highs following dovish comments from a Federal Reserve policymaker. Renewed enthusiasm around...

Trump Eyes $54 Billion South Korean Investment in Alaska LNG

President Donald Trump could announce as early as Wednesday that his administration plans to direct South Koreas strategic investment fund toward several major U.S. projects, including roughly $54 billion for the proposed...

Fed’s Williams Signals One More Rate Hike Before Year-End

Federal Reserve Bank of New York President John Williams said Tuesday that policymakers have time to assess incoming economic data before deciding on their next interest rate move, although he still expects one additional...

US Dollar Hits Two-Month High as Aussie, Pound Slide

The U.S. dollar climbed to a two-month high on Tuesday as investors weighed easing oil prices, volatile Treasury yields and shifting expectations for Federal Reserve monetary policy. The U.S. Dollar Index (DXY), which...

Politics

TSA Removes Chairs for Airport ID Check Officers

The U.S. Transportation Security Administration is removing chairs from airport security checkpoints, meaning TSA officers checking passenger identification will no longer be able to sit while performing the task. The...

US Appeals Court Keeps Trump IRS Case Sanctions in Place

A US appeals court on Tuesday declined to immediately halt sanctions stemming from President Donald Trumps $10 billion lawsuit against the Internal Revenue Service, leaving a federal judges restrictions in effect while the...

UN Condemns Myanmar Airstrike That Kills 50 in Rakhine

The United Nations has condemned a deadly Myanmar military airstrike in Rakhine state that reportedly killed 50 people and wounded at least 58 others near the border with Bangladesh. UN spokesperson Stephane Dujarric said...

US Sanctions Iran Weapons Procurement Network

The United States imposed new sanctions on 13 individuals and entities on Tuesday, targeting an international network accused of helping Iran acquire weapons, military equipment and critical components. The measures,...

UN Extends Haiti Security Force Mandate Ahead of Elections

The United Nations Security Council voted Tuesday to extend the mandate of the international Gang Suppression Force (GSF) in Haiti for another six months as the country prepares for its first elections in a decade amid...

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

Google Pays Publishers for AI Search Content in New Pilot

Google is reportedly paying around 100 digital publishers to provide content for its artificial intelligence-powered search features, marking a notable change in the technology giants longstanding relationship with online...

Trump, Tech Leaders Sign ‘Morally Binding’ AI Safety Accord

President Donald Trump and executives from major technology companies signed a voluntary artificial intelligence agreement in Washington on Tuesday, establishing a set of principles intended to guide the development and...

Apple CEO John Ternus Plans Major Overhaul

Apple Inc. (NASDAQ: AAPL) CEO John Ternus is reportedly moving quickly to reshape the technology giant, launching a broad organizational overhaul just weeks after taking the top job. His strategy focuses on speeding up...

TD Cowen Starts SpaceX at Buy, Sees AI Compute Driving Growth

TD Cowen initiated coverage of SpaceX (NASDAQ: SPCX) with a Buy rating and a $200 price target, pointing to artificial intelligence computing as a major near-term growth engine alongside the companys expanding space...

OpenAI Seeks $30 Billion at $1.4 Trillion Valuation

OpenAI is reportedly seeking to raise at least $30 billion from investors in a new funding round after postponing plans for an initial public offering, according to Bloomberg, citing people familiar with the discussions....
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