Author: Admin
THE dollar strengthened on Friday (May 16) after the latest round of economic data showed a rebound in import prices while consumer sentiment remained subdued as tariff worries jumped, putting it on pace for a fourth straight weekly advance.The US Labor Department said import prices gained 0.1 per cent last month after dropping 0.4 per cent in March as a jump in the cost of capital goods outweighed cheaper energy prices. Economists polled by Reuters had forecast import prices, which exclude tariffs, would decrease 0.4 per cent.The dollar began to strengthen after a separate reading from the University of Michigan…
Two people died and 19 others were injured after a Mexican Navy training ship hit the Brooklyn Bridge, New York City Mayor Eric Adams said Sunday. The ship snapped all three of its masts as it collided with the New York City landmark late Saturday, while onlookers enjoying the balmy spring evening watched in horror. “At this time, of the 277 on board, 19 sustained injuries, 2 of which remain in critical condition, and 2 more have sadly passed away from their injuries,” Adams posted on X. Footage shared online showed the Mexican Navy ship Cuauhtemoc, its sails furled and…
Realme GT 7 and Realme GT 7T will be launched in global markets, including India, later this month. As we wait for the official reveal, the Chinese smartphone brand has confirmed that it will release a Realme GT 7 Dream Edition alongside the standard Realme GT 7 model. This special edition is likely to come with a distinct design. It could retain the internal specifications of the standard model. The Realme GT 7 is confirmed to run on a MediaTek Dimensity 9400e SoC.Realme GT 7 Dream Edition India Launch TeasedIn an X (formerly Twitter) post on Friday, Realme announced that…
LONDON :Elton John on Sunday accused the British government of “committing theft” by proposing that tech firms could train artificial intelligence models on the UK’s music and creative output without guaranteeing proper recompense. Creative industries globally are grappling with the legal and ethical implications of AI models that can produce their own work after being trained on existing material. Britain, which Prime Minister Keir Starmer wants to become an AI superpower, has proposed relaxing copyright laws to allow AI developers to train their models on any material to which they have lawful access. The proposal would require creators to proactively…
Two of the largest cable companies in the US are intent on merging. Charter Communications’ proposed acquisition of Cox Communications — the largest division of Cox Enterprises — will value the former at over $34 billion inclusive of debt.In Cox Communications, the Cox family, which acquired its first cable business in 1962, already operates the largest private broadband company in America, supplying homes in more than 30 states, and it will be the majority shareholder in the acquisition with a stake of around 23 percent. In a press release, Charter said it will inherit Cox Communications’ commercial fiber and managed…
Love crossword puzzles but don’t have all day to sit and solve a full-sized puzzle in your daily newspaper? That’s what The Mini is for! A bite-sized version of the New York Times’ well-known crossword puzzle, The Mini is a quick and easy way to test your crossword skills daily in a lot less time (the average puzzle takes most players just over a minute to solve). While The Mini is smaller and simpler than a normal crossword, it isn’t always easy. Tripping up on one clue can be the difference between a personal best completion time and an embarrassing…
BRITAIN hopes to secure a reset deal with the European Union on Monday (May 19) that would boost defence and security cooperation, and smooth the arrival of people and also food into the bloc, its chief negotiator said on Sunday.Prime Minister Keir Starmer will host EU leaders in London on Monday in the most significant effort to reset ties since Britain left the EU in 2020 after four years of acrimonious divorce talks.Wary of reigniting domestic battles over Brexit, and with its chief campaigner Nigel Farage a fierce political rival, Starmer is trying to secure a deal that will include…
A music video-streaming service whose shareholders include the U2 bassist Adam Clayton will this week announce that it has sealed a management buyout after months of talks.Sky News understands that the assets of MagicWorks, which trades as ROXi, have been sold to a new company called FastStream Interactive (FSI), with backing from two major US-based broadcasters. Sources said that Nasdaq-listed Sinclair and New York Stock Exchange-listed Gray Media were among the new shareholders in FSI, with the launch of new interactive TV Channels in the US expected to take place shortly.The deal, which has involved raising millions of pounds of…
[SINGAPORE] The acquisition of Northpoint City’s south wing may be financed either with or without the issuance of perpetual securities, said the manager of Frasers Centrepoint Trust (FCT) in a bourse filing on Saturday (May 17).Proceeds from FCT’s recent equity fundraising have been used to repay its existing debt. The trust will also draw down additional debt financing to pay for its recent acquisition of Northpoint City when the acquisition is finalised.Should the manager issue perpetual securities, the proceeds will be used to pay its existing debts, added the manager. An illustrative coupon of 4.2 per cent per annum was…
Gilmour Space has a payload fairing mishap. Gilmour Space, a venture-backed startup based in Australia, said this week it was ready to launch a small rocket from its privately owned spaceport on a remote stretch of the country’s northeastern coastline, Ars reports. Gilmour’s three-stage rocket, named Eris, was prepped for a launch as early as Wednesday, but a ground systems issue delayed an attempt until Thursday US time. And then on Thursday, something odd happened: “Last night, during final checks, an unexpected issue triggered the rocket’s payload fairing,” the company said Thursday afternoon, US time. Always more problems to solve……