Defence contractor Elbit Systems reported increased second-quarter profits on Wednesday, bolstered by heightened global demand for its military technologies. The company earned $2.08 per diluted share, excluding one-time items, up from $1.65 a year earlier. Revenue rose to $1.63 billion from $1.45 billion, with a notable shift in regional sales distribution. While sales to Israel…
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, reported a first-half profit of 1.48 trillion kroner ($138 billion) on Wednesday, driven by strong returns from technology investments. The fund’s total value reached 17.75 trillion kroner by the end of June. Despite an impressive overall return of 8.6% for the six-month period, the…
Elon Musk’s high-profile interview with former President Donald Trump on the social media platform X faced significant disruptions on Monday evening due to technical issues that nearly derailed the event. The livestream, scheduled to begin at 8 p.m. ET, experienced problems as users reported being unable to access the broadcast. Musk attributed the disruption to…
Republican presidential nominee Donald Trump continues to send mixed signals about his stance on Ukraine, creating uncertainty about future U.S. support for the country amid its ongoing conflict with Russia. In a recent interview with X owner Elon Musk, Trump expressed deep concern about the situation in Ukraine, stating, “there’s nobody that feels worse about…
Chinese electric car brand Zeekr has announced the launch of new batteries that claim to be the fastest-charging in the world, a move aimed at addressing consumer concerns over battery range and charging convenience. Zeekr, which is listed in the U.S., revealed that its new batteries can charge from 10% to 80% in just 10.5…
Efforts to expand the use of carbon credits as a means for companies to offset their greenhouse-gas emissions have stalled, raising concerns that some companies might reconsider or even abandon their net-zero targets. Since the 2015 Paris Agreement, more than half of the world’s largest 2,000 publicly listed companies have pledged to reduce their emissions…
During a Bitcoin conference recently, former U.S. President Donald Trump electrified the crowd by pledging to fire Securities and Exchange Commission (SEC) Chair Gary Gensler if re-elected. Gensler, a known skeptic of cryptocurrencies, has led the SEC’s aggressive enforcement actions against the industry, including major exchanges like Coinbase, Binance, and Kraken. Trump’s promise was met…
Shares of Amazon.com tumbled more than 12% on Friday after the company reported slower growth in online sales during the second quarter. The e-commerce giant also noted that consumers are increasingly opting for cheaper alternatives, reflecting a broader trend in value-conscious consumer behavior. This shift comes ahead of Walmart’s upcoming quarterly results, with Amazon CEO…
A global outage affecting Microsoft products including email service Outlook and video game Minecraft has been resolved, the technology giant said in an update. The firm said preliminary investigations show the outage was caused by a cyber-attack and a failure to properly defend against it. Earlier, the company issued an apology for the incident, which…
Chinese electric vehicle (EV) manufacturer BYD is preparing to enter the Canadian automotive market, according to recent regulatory filings. This expansion comes at a time when Canada is considering imposing tariffs on vehicles imported from China, following similar actions by the United States and the European Union. In June, Canada indicated that it might impose…
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