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.
Tesla Teams Up with China's Baidu for Full Self-Driving UpgradeTesla has taken one step closer to launching its FSD service in China by agreeing to receive upgraded map software from Baidu.
Volvo FH16 Introduces All-New D17 Engine Technology: More Power, Less FuelVolvo Trucks has unveiled the new Volvo FH16 model, which boasts excellent fuel efficiency and is equipped with the all-new Volvo D17 engine.
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.
Elon Musk Backtracks, Requests Court to Dismiss OpenAI LawsuitElon Musk, the CEO of Tesla, has made a surprising move by requesting to dismiss his impending lawsuit against OpenAI.
Trump's Tariff Threat: What It Means for Korea's Auto ExportsPredictions have surfaced that the U.S. could impose additional tariffs on Korean-made vehicles if Trump were reelected.
Russia Races Ahead: Fast-Tracking Domestic Lithium Project Amid U.S. SanctionsRussia is fast-tracking its domestic lithium development project. Amid difficulties in lithium supply due to U.S. sanctions...
Why Amazon's Zoox Chose Miami and Austin for Their Next Robo-Taxi Trials?Zoox, a self-driving technology developer under Amazon, announced that it plans to begin testing soon in Miami, Florida, and Austin.
Chinese Company Offers $140K Bonus for Employee's Weight LossA company in China is making headlines for offering a 1 million yuan (approx. $140K) bonus to encourage its employees to lose weight.
Tesla's Musk Faces Showdown Over $46.9 Billion Stock Option: Shareholders Sound OffA shareholders' meeting is set for the 13th to decide on Elon Musk's stock option payment. While Musk is seeking support via his X...
Colombia Bleeds Nearly One Billion Dollars in Oil TheftRecent reports revealed that Colombia has suffered losses of nearly one billion dollars over the past five years due to oil product theft.
Goldman Sachs Predicts a Sizzling Stock Market This Summer!In an investment report on June 6, Goldman Sachs indicated that they are observing more positive signals in the market this summer.
Tesla's May Sales in China Drop 6.6% Despite April Rebound, Jan-May Figures Show DeclineTesla's sales in China in May 2024 amounted to only 72,573 units, down 6.6% from last year. The slide came after an 18% fall in April that...
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.
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...
U.S. Shoppers Beware: Fiji Water Issues Recall Over Contamination ConcernsFiji Water has initiated a recall in the United States due to exceeding the standard levels of manganese and bacteria.
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.
Tesla Teams Up with China's Baidu for Full Self-Driving Upgrade Tesla has taken one step closer to launching its FSD service in China by agreeing to receive upgraded map software from Baidu.
Volvo FH16 Introduces All-New D17 Engine Technology: More Power, Less Fuel Volvo Trucks has unveiled the new Volvo FH16 model, which boasts excellent fuel efficiency and is equipped with the all-new Volvo D17 engine.
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.
Elon Musk Backtracks, Requests Court to Dismiss OpenAI Lawsuit Elon Musk, the CEO of Tesla, has made a surprising move by requesting to dismiss his impending lawsuit against OpenAI.
Trump's Tariff Threat: What It Means for Korea's Auto Exports Predictions have surfaced that the U.S. could impose additional tariffs on Korean-made vehicles if Trump were reelected.
Russia Races Ahead: Fast-Tracking Domestic Lithium Project Amid U.S. Sanctions Russia is fast-tracking its domestic lithium development project. Amid difficulties in lithium supply due to U.S. sanctions...
Why Amazon's Zoox Chose Miami and Austin for Their Next Robo-Taxi Trials? Zoox, a self-driving technology developer under Amazon, announced that it plans to begin testing soon in Miami, Florida, and Austin.
Chinese Company Offers $140K Bonus for Employee's Weight Loss A company in China is making headlines for offering a 1 million yuan (approx. $140K) bonus to encourage its employees to lose weight.
Tesla's Musk Faces Showdown Over $46.9 Billion Stock Option: Shareholders Sound Off A shareholders' meeting is set for the 13th to decide on Elon Musk's stock option payment. While Musk is seeking support via his X...
Colombia Bleeds Nearly One Billion Dollars in Oil Theft Recent reports revealed that Colombia has suffered losses of nearly one billion dollars over the past five years due to oil product theft.
Goldman Sachs Predicts a Sizzling Stock Market This Summer! In an investment report on June 6, Goldman Sachs indicated that they are observing more positive signals in the market this summer.
Tesla's May Sales in China Drop 6.6% Despite April Rebound, Jan-May Figures Show Decline Tesla's sales in China in May 2024 amounted to only 72,573 units, down 6.6% from last year. The slide came after an 18% fall in April that...
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.
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...
U.S. Shoppers Beware: Fiji Water Issues Recall Over Contamination Concerns Fiji Water has initiated a recall in the United States due to exceeding the standard levels of manganese and bacteria.
Hot Topics