Russia is Taxing the Wealthy Elites for their War AgendaRussia plans to raise income tax. The Russian Parliament preliminarily approved a bill that raised the income tax for the wealthy elites.
Snap to Offer Full-Body AR Experiences with New Tech InnovationsSnapchat to create more realistic special effects when taking shots with a phone camera, helping it stay ahead of social media competitors.
France’s Financial Future May Be at Risk - Here’s WhyThe Central Bank of France has urged action to prevent the deepening of France’s fiscal deficit. François Villeroy de Galhau, the governor of the Bank of France, urged on June 18 to avoid worsening fiscal deficits as investors worry about France’s fiscal outlook after the sale of French assets. Before France is expected to be […]
China's EV Exports to Europe Hit by New Tariffs Starting JulyThe impact of European tariffs on Chinese electric vehicle (EV) companies will be implemented in July. According to the China Passenger Car Association (CPCA), retail sales of EVs increased 38.6% from the last year reaching 804,000 units. Cumulative sales in May were 3.249 million units with a 34.2% increase compared to the previous year’s performance. […]
AMD Under Cyber Attack: Sensitive Data Potentially ExposedAMD announced on the 18th that it was investigating claims that a cybercriminal organization stole the company's data through hacking.
Russian Submarine Exits Havana Harbor: Cold War Echoes ReturnRussian naval fleet, including a nuclear-powered submarine, left Havana Harbor after completing a planned military exercise in the Atlantic.
Zyn Nicotine Pouches Pulled from Online Shelves: Philip Morris Faces Legal HeatPhilip Morris International, a tobacco company, has discontinued the online sale of its popular nicotine pouch brand, Zyn.
Google Pumps $2.3 Billion Into Ohio Data Hub: What's Next for Tech?On the 18th, Google announced it would be investing an additional $2.3 billion to support three data center campuses located in central Ohio.
Is the Left-Wing Reign Over? European Markets Wobble as Far-Right Rises in EU ParliamentAnalysts predict that although short-term volatility is inevitable due to the right-wing shift in the European Union (EU), a gradual return to normalcy is expected as fundamentals recover. As anticipated, far-right parties made significant gains in the European Parliament elections held from June 6-9. Among individual countries, France saw the greatest expansion of far-right influence, […]
Meta Indefinitely Postpones AI Chatbot Launch Due to EU SanctionsThe launch of AI on the Meta platform has been postponed due to sanctions posed by the European Union (EU). Meta announced on the 15th that the launch of the Meta AI chatbot in Europe is delayed after the European regulatory authorities denied their plans to train large language models (LLM) with users’ posts. Meta […]
Tesla Stock Falls After Autopilot Causes Another High-Profile CrashAccording to the Fullerton Police Department in California and the Los Angeles Times on the 14th, an accident involving a police cruiser and a Tesla on autopilot occurred at the intersection of Orangethorpe and Courtney avenues while a police officer was conducting a traffic stop. At the time, the police car had its emergency lights […]
AI Fever Boosts NASDAQ: Tech Sector Remains Steady and StrongAnalyses are suggesting that there are no signs of overheating in the IT sector, which is leading the rally of the U.S. stock market in New York. In anticipation of a decrease in the benchmark interest rate, the S&P 500 and Nasdaq Composite are breaking new records. In particular, the Nasdaq index took advantage of […]
Ukraine's Economic Growth Deteriorates Thanks to RussiaThe Central Bank of Ukraine has reduced borrowing costs for the third consecutive time, weighing the economic impact of Russia’s attack on the country’s energy sector. The National Bank of Ukraine lowered the benchmark interest rate to 13% on the 13th (local time), a decrease of 50 basis points. This decision aligns with the median […]
Hungary Condemns EU Tariff Proposal on ChinaThe Hungarian government is opposing Europe’s regulation of Chinese electric vehicles. Just hours after the European Commission announced on the 12th that it would impose tariffs on imported Chinese electric vehicles, Hungary declared it does not agree with Europe’s regulation of Chinese electric vehicle manufacturers. In a press release, the Ministry of Foreign Affairs stated, […]
Fisker Faces Recall Crisis: 18,000+ Electric Vehicles Across North America and Europe Pulled for Safety FixesFisker recalled more than 18,000 vehicles across North America and Europe, citing software defects and non-compliance with safety standards.
FedEx to Eliminate Up to 2,000 Jobs in EuropeFedEx is reducing its workforce due to a lower cargo demand in Europe. On the 12th, FedEx announced plans to cut between 1,700 and 2,000 back-office jobs in Europe as part of its recent cost-cutting efforts due to a decline in cargo demand. According to the statement, the reduction will take place over 18 months. […]
Boeing to Open High-Tech Engineering Facility in Daytona Beach, Hiring 200 EngineersBoeing announced on the 11th its plans to open a new engineering facility in Florida dedicated to the defense and government services sector.
Brazilian Phone Users to Get First Dibs on Google's AI Anti-Theft FeatureOn the 11th, Google announced that Brazil will be the first country to test the anti-theft feature for Android phones.
Could New U.S. Restrictions Cripple China's Tech Ambitions?The Biden administration is expected to impose further restrictions on China’s AI chip development. Bloomberg quoted an industry insider and reported on the 11th (local time) that the Biden administration is considering additional restrictions on access to chip technology used in China’s AI. According to the source, the measures under discussion aim to limit China’s […]
UAE Backs US Restrictions on Semiconductors Exports To ChinaThe United Arab Emirates has supported the U.S.'s export restrictions on large-scale AI accelerators to Middle Eastern countries.
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