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.
Lockheed Martin Maintains Growth Despite Profit HurdlesDespite a temporary drop in revenue for the first quarter, U.S. defense company Lockheed Martin Corporation (LMT) is expected to maintain its growth trend. According to Hana Securities, Lockheed Martin’s first quarter revenue in 2024 is projected to be $17.2 billion (an increase of 13.7% from the previous year), while operating income is expected to […]
Is Egypt Falling Into An Economic Crisis?Despite a sharp depreciation of the currency and the historic measure of raising the price of subsidized bread, Egypt’s inflation rate has tempered to its slowest pace in a year and a half. The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on the 10th (local time) that consumer prices in North African urban […]
Elon Musk: No New Tesla Model Y Release in 2024Elon Musk announced through his social media on the 8th that Tesla will not be releasing a new Model Y this year. Musk stated, “There will be no Model Y refresh this year,” and added, “Tesla is continuously improving its cars, so even a car that’s six months older will be a bit better.” While […]
Modi's Victory Already Harming Indian Economy as Market PlungesPrime Minister Narendra Modi has succeeded in his third consecutive term in the Indian general elections. Contrary to the exit poll results predicting a landslide victory for Modi’s ruling party, the Bharatiya Janata Party (BJP), the main stock market index in India plummeted as the BJP failed to secure a majority of seats during the […]
Microsoft's $3.2 Billion Nordic Bet: AI and Cloud Expansion Across ScandinaviaMicrosoft has been working to promote the adoption of AI not just in Sweden but across all of Northern Europe.
Turkish Exports to Israel Plunge by 99% Amid Humanitarian StandoffAccording to preliminary data from Türkiye's leading exporter's association, shipments to Israel fell by 99%, recording $4.4 million.
AMD's Big Reveal: New AI Processors Set to Outperform Nvidia by 2026AMD unveiled its latest AI processor at the COMPUTEX 2024 in Taiwan and announced plans to develop AI chips over the next two years.
BTS' Jin Set to Engage with Fans at 2024 FESTABTS’ Jin is set to complete his military service successfully and will be discharged on June 12. On June 3, Big Hit Music announced that Jin would resume his official activities starting with the 2024 FESTA on June 13, the day after his discharge, celebrating BTS’s debut anniversary. Jin suggested planning the 2024 FETSA to […]
NVIDIA Announces Launch of New AI Chip Rubin by 2026NVIDIA has announced the launch of a new AI chip platform. On the 2nd (local time), NVIDIA CEO Jensen Huang announced at the Computex Trade Fair held at the National Taiwan University in Taipei that the next-generation AI chip platform Rubin will be launched in 2026. While Huang revealed that the Rubin series of chips […]
American Airlines Crews May Soon Strike Over Failed NegotiationsThe American Airlines flight attendant union has called on its workers to prepare for a strike, as negotiations with the airline have...
How Amazon's AWS is Capitalizing on the AI TrendAnalysts predict a favorable stock trend for Amazon.com, Inc. as its AWS sees a revival in its sales growth rate.
Samsung Workers Strike for the First Time: A Historic Labor ShowdownThe National Samsung Electronics Union (NSEU) has decided to go on strike for the first time since the establishment of Samsung Electronics.
Ukraine's Economic Growth Deteriorates Thanks to Russia The 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 China The 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 Fixes Fisker 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 Europe FedEx 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 Engineers Boeing 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 Feature On 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 China The United Arab Emirates has supported the U.S.'s export restrictions on large-scale AI accelerators to Middle Eastern countries.
Lockheed Martin Maintains Growth Despite Profit Hurdles Despite a temporary drop in revenue for the first quarter, U.S. defense company Lockheed Martin Corporation (LMT) is expected to maintain its growth trend. According to Hana Securities, Lockheed Martin’s first quarter revenue in 2024 is projected to be $17.2 billion (an increase of 13.7% from the previous year), while operating income is expected to […]
Is Egypt Falling Into An Economic Crisis? Despite a sharp depreciation of the currency and the historic measure of raising the price of subsidized bread, Egypt’s inflation rate has tempered to its slowest pace in a year and a half. The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on the 10th (local time) that consumer prices in North African urban […]
Elon Musk: No New Tesla Model Y Release in 2024 Elon Musk announced through his social media on the 8th that Tesla will not be releasing a new Model Y this year. Musk stated, “There will be no Model Y refresh this year,” and added, “Tesla is continuously improving its cars, so even a car that’s six months older will be a bit better.” While […]
Modi's Victory Already Harming Indian Economy as Market Plunges Prime Minister Narendra Modi has succeeded in his third consecutive term in the Indian general elections. Contrary to the exit poll results predicting a landslide victory for Modi’s ruling party, the Bharatiya Janata Party (BJP), the main stock market index in India plummeted as the BJP failed to secure a majority of seats during the […]
Microsoft's $3.2 Billion Nordic Bet: AI and Cloud Expansion Across Scandinavia Microsoft has been working to promote the adoption of AI not just in Sweden but across all of Northern Europe.
Turkish Exports to Israel Plunge by 99% Amid Humanitarian Standoff According to preliminary data from Türkiye's leading exporter's association, shipments to Israel fell by 99%, recording $4.4 million.
AMD's Big Reveal: New AI Processors Set to Outperform Nvidia by 2026 AMD unveiled its latest AI processor at the COMPUTEX 2024 in Taiwan and announced plans to develop AI chips over the next two years.
BTS' Jin Set to Engage with Fans at 2024 FESTA BTS’ Jin is set to complete his military service successfully and will be discharged on June 12. On June 3, Big Hit Music announced that Jin would resume his official activities starting with the 2024 FESTA on June 13, the day after his discharge, celebrating BTS’s debut anniversary. Jin suggested planning the 2024 FETSA to […]
NVIDIA Announces Launch of New AI Chip Rubin by 2026 NVIDIA has announced the launch of a new AI chip platform. On the 2nd (local time), NVIDIA CEO Jensen Huang announced at the Computex Trade Fair held at the National Taiwan University in Taipei that the next-generation AI chip platform Rubin will be launched in 2026. While Huang revealed that the Rubin series of chips […]
American Airlines Crews May Soon Strike Over Failed Negotiations The American Airlines flight attendant union has called on its workers to prepare for a strike, as negotiations with the airline have...
How Amazon's AWS is Capitalizing on the AI Trend Analysts predict a favorable stock trend for Amazon.com, Inc. as its AWS sees a revival in its sales growth rate.
Samsung Workers Strike for the First Time: A Historic Labor Showdown The National Samsung Electronics Union (NSEU) has decided to go on strike for the first time since the establishment of Samsung Electronics.
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