As the world gears up to celebrate International Women’s Day (IWD) on Wednesday, here is a look at what the global event stands for, this year’s theme and the issues that activists are focusing on. WHAT IS INTERNATIONAL WOMEN’S DAY? IWD is an annual event to celebrate the achievements of women and push for rights […]
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Japan’s new medium-lift rocket failed on its debut flight in space on Tuesday after the launcher’s second-stage engine did not ignite as planned, in a blow to its efforts to cut the cost of accessing space and compete against Elon Musk’s SpaceX. The 57-metre (187 ft) tall H3 rocket, Japan’s first new model in three […]
Meta Platforms Inc lost a bid on Monday to end a lawsuit in Boston federal court claiming it stole confidential information from artificial-intelligence startup Neural Magic Inc. Meta will have to face a trial over accusations that it took Neural Magic’s “breakthrough” algorithms that enable AI systems to process information more quickly, U.S. District Judge […]
The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper. The Biden administration’s work on the new rules would in practice largely deal with U.S. […]
The European Union’s executive body is set to provide permits, regulatory support and easier access to public and private funding for certain strategic green technologies, according to a draft document seen by Reuters. The draft regulation is designed to ensure “the net-zero technology manufacturing capacity in the Union is sufficient to meet at least 40% […]
Wall Street rallied on Friday to end a volatile week, as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will have to keep its restrictive policy in place until late in the year. All three major U.S. stock indexes surged more than 1%, with the […]
Ford Motor Co on Thursday launched a new automated driving system subsidiary, Latitude AI, months after winding down operations of its former self-driving technology unit Argo AI. Carmakers including Mercedes-Benz have ramped up their investments towards integrating more software and autonomous tech in vehicles despite some skepticism on the technology. Latitude will expand on the […]
Broadcom Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spur demand for its chips used in data centers. In a deteriorating economy, where both consumer and enterprise spending is on a decline, AI has emerged as a bright spot for chip firms such as Nvidia Corp and Broadcom, due […]
London Stock Exchange Group announced plans to buy back more of its shares on Thursday as it raised its income growth outlook and hailed the successful integration of Refinitiv, which it said had supercharged its ability to generate cash. LSEG said it would seek shareholder consent to buy more of its own stock from a […]
China has a “stunning lead” in 37 out of 44 critical and emerging technologies as Western democracies lose a global competition for research output, a security think tank said on Thursday after tracking defence, space, energy and biotechnology. The Australian Strategic Policy Institute (ASPI) said its study showed that, in some fields, all of the […]