India’s Commerce Minister Piyush Goyal has voiced concerns about the impact of major e-commerce companies like Amazon and Flipkart on the country’s traditional retail sector. Goyal accused these companies of engaging in predatory pricing practices, which he claims undermine the survival of millions of brick-and-mortar stores across India. The rapid expansion of Amazon and Walmart’s…
Paul Barrett, the Dublin-born CEO of Australian green energy firm Hysata, is leading the charge to make green hydrogen more affordable by tackling one of the industry’s biggest challenges—bubble formation during electrolysis. “If you remember being a kid and blowing up a balloon or into a milkshake, your cheeks got sore because there is an…
The World Health Organization (WHO) is set to convene an emergency meeting on Friday to address global equity in access to tests, treatments, and vaccines for mpox, a viral infection currently affecting parts of Africa and beyond. The meeting aims to ensure that lessons learned from past inequities during the COVID-19 pandemic are applied to…
OpenAI announced on Friday that it had taken action against an Iranian group for misusing its ChatGPT chatbot to create content aimed at influencing political discourse and U.S. elections. The group, identified as Storm-2035, generated content on controversial topics such as U.S. presidential candidates, the Gaza conflict, and Israel’s Olympic participation, which was then disseminated…
Concerns over Brazil’s fiscal stability and elevated interest rates have dampened expectations for a revival of the country’s initial public offering (IPO) market, which has been dormant for nearly three years. Hopes that up to 20 companies could go public this year have faded, as businesses across various sectors now anticipate that the window for…
Boeing’s ability to meet its ambitious production targets for the 737 MAX jet is facing significant hurdles, according to analysts from Moody’s and S&P. The aerospace giant aims to ramp up production to 38 MAX jets per month by the end of 2024, a substantial increase from 25 jets per month in July. However, analysts…
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…
UK Prime Minister Keir Starmer’s Labour government is contemplating significant revisions to the Online Safety Act following a recent surge in misinformation and related violence. This consideration comes in the wake of anti-immigration protests and inflammatory comments by X owner Elon Musk, which were widely disseminated and contributed to unrest. According to industry sources who…
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…
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…
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