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Published Wed, May 28, 2025 · 09:42 PM[NEW YORK] Wall Street’s main indexes opened subdued on Wednesday (May 28) after a sharp rally in the previous session, when cooling trade tensions boosted sentiment, as investors awaited AI leader Nvidia’s results and minutes from the US central bank’s last meeting.The Dow Jones Industrial Average rose 18.0 points, or 0.04 per cent, at the open to 42,361.63. The S&P 500 rose 4.0 points, or 0.07 per cent, at the open to 5,925.54, while the Nasdaq Composite rose 33.5 points, or 0.17 per cent, to 19,232.619 at the opening bell. REUTERSShare with us…
Belarus will scale back military drills with Russia planned for September, cutting the number of soldiers taking part and moving them away from the western border, Minsk said Wednesday. Belarus is a key Russian ally and allowed its territory to be used as a staging post for Moscow’s 2022 invasion of Ukraine. Kyiv, as well as Poland and the Baltic states, have repeatedly expressed alarm about possible military build-ups in the country. “We have decided to reduce the parameters of the ‘Zapad-2025’ exercise and to move its main manoeuvres deep into the territory of the Republic of Belarus, away from…
DUBLIN :OpenAI’s restructuring plans open the door to a potential future IPO, but any such decision would depend on the mood in public markets as well as the readiness of the company, Chief Financial Officer Sarah Friar said on Wednesday.OpenAI, in which Microsoft has invested more than $13 billion, outlined plans in December to convert its for-profit arm into a public benefit corporation, a structure designed to balance shareholder returns with social goals, unlike nonprofits, which are solely focused on public good.The ChatGPT-maker dialed back the plan earlier this month so that the nonprofit parent would continue to control the…
[BEIJING] The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would mark its biggest expansion since beginning operations in Beijing almost a decade ago.The multilateral lender, which had more than US$57 billion in assets at the end of last year, is currently negotiating with relevant parties in the cities to open the offices, the people said, asking not to be named discussing non-public information. The bank may announce the move at its annual meeting in June if it can finalise the host…
Samsung Galaxy S25 series was unveiled in January this year, and the company recently jumped into the slim smartphone bandwagon with the Galaxy S25 Edge. Apple is also expected to enter the slim handset space later this year with the iPhone 17 Air. Now, a new report suggests that Samsung is planning to slim down the camera modules in next year’s Galaxy S26 series. The company is likely to implement a new lens production method to make the camera modules of the next Galaxy S series phones thinner.Samsung Aims to Slim Down Galaxy S26 Camera ModulesAs per a report by…
Hollyoaks star Paul Danan died by misadventure after taking a cocktail of drugs, a coroner has ruled.The 46-year-old played Sol Patrick on the Channel 4 soap from 1997 to 2001 and was later known for his reality TV appearances on Celebrity Big Brother and Celebrity Love Island. An inquest into Danan’s death was told he was found unresponsive and slumped on his sofa in front of the TV at his home in Brislington, Bristol, on 15 January. Image: Paul Danan appeared on Celebrity Big Brother in 2017. Pic: PA Emergency services attended and confirmed he had died, with his body…
NEW YORK — Krista Vasquez had her heart set on getting married in a body-hugging, halter-style gown from Spain. In April, the Atlanta paramedic learned her dream dress would cost nearly $300 more because of new U.S. tariffs on imported goods.With little wiggle room in her timing, the bride-to-be quickly checked around for similar styles. The story was the same: any dresses from Europe would come with tariff-driven price increases ranging from $150 to $400. And that was before President Donald Trump said he would increase the tariff on goods produced in the European Union from 10% to 50%.Vasquez, 33,…
MADRID :Spanish satellite startup Sateliot is in talks with several European defence ministries to offer 5G connection for their militaries, its co-founders said on Wednesday.The company, which recently raised 70 million euros ($79 million) in debt and equity, expects to offer narrow 5G band connection to small devices in areas without mobile phone coverage through satellites. Co-founder and CEO Jaume Sanpera said the European company was attracting interest from countries in the region that want to reduce their reliance on non-European companies such as Elon Musk’s Starlink.”Our service is applicable to battlefield logistics, so we have been contacted for that…
The owner of the Daily Mail is to pay more than £30m for a minority stake in rival right-leaning newspaper The Daily Telegraph as the latter’s prospective owners assemble a consortium of strategic backers.Sky News has learnt that Lord Rothermere’s Daily Mail and General Trust is to fork out just under £35m for a shareholding of about 10% in the Telegraph titles, implying an equity value of roughly £350m. Banking sources said that Goldman Sachs had been enlisted to provide advice to DMGT on the investment.A deal is expected to be struck imminently, according to insiders.RedBird Capital, the US-based investment…
Spotify is adding a trio of new features to its app that should make listening to and interacting with podcasts a little easier. First, the streaming service is putting a Following feed in the main Podcasts area on the Home screen. With this toggle, you can quickly see what’s new from the shows you subscribe to. The company says the goal here is to eliminate the need to search for fresh content from podcasts you follow, and it pledges it will “continue to explore new ways to make this space even better.” And just below shortcuts on the Home screen,…