Mexico drug kingpin pleads not guilty to US charges
Alleged Mexico drug kingpin Ismael “El Mayo” Zambada pleaded not guilty to US drug trafficking charges. His arrest, along with a son of another prominent Mexican drug lord, marks a significant achievement for US law enforcement. This could usher in a seismic shift to Mexico’s criminal landscape. Court records showed that Zambada on Friday waived […]
Video game performers to strike over AI concerns
Hollywood’s video game performers announced a strike on Thursday, citing issues with the Video game AI strike. Talks for a new contract with major game studios broke down over artificial intelligence protections. #VideoGameAIStrike The Video game AI strike, the second for voice actors and motion capture performers, will start at 12:01 a.m. Friday. This strike […]
UK’s Virgin Media O2 loses more than 100,000 mobile contract customers
LONDON (Reuters) – British broadband and mobile operator Virgin Media O2 losses included 118,400 mobile contract customers in the second quarter. This drop reflects weakness in the top-end market, where innovation in new iPhones and competing devices has slowed. The company, jointly owned by Liberty Global and Telefonica, said it now had 15.9 million customers […]
Colgate-Palmolive raises 2024 forecasts on strong demand
Toothpaste maker Colgate-Palmolive (CL) raised its forecasts for annual profit and organic sales on Friday. The updated Colgate-Palmolive forecast reflects resilient demand for its high-priced products. Shares in Colgate were up by over 1% in premarket trading on Friday. #ColgatePalmoliveForecast Organic sales in the Latin American segment – a major revenue-generating region – jumped 18.8% […]
OpenAI enters Google-dominated search market with SearchGPT
(Reuters) -OpenAI is venturing into a territory long dominated by Google with the selective launch of SearchGPT, an artificial intelligence-powered search engine with real-time access to information from the internet. This new development positions OpenAI prominently within the OpenAI search market. The move, announced on Thursday, also places the AI giant in competition with its […]
Toyota to build EV battery plant for Lexus cars, Nikkei reports
TOKYO (Reuters) -Japan’s Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday. Additionally, the decision underscores Toyota’s commitment to integrating the Toyota EV battery into its supply […]
Stocks bounce after heavy sell-off as US inflation cools
LONDON :European shares and U.S. stock futures rebounded on Friday. This recovery followed a week of heavy losses, marked by a stocks inflation bounce. Global equities had tumbled almost 2 percent, but the dollar regained ground against the yen. #StocksInflationBounce There was little major reaction to data showing the U.S. personal consumption expenditures index cooled […]
US inflation rises moderately in June
WASHINGTON (Reuters) – U.S. prices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September. The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department’s Bureau of Economic Analysis said on Friday. In […]
Netanyahu to meet Trump in talks seeking to ease tensions
WASHINGTON (Reuters) – Israeli Prime Minister Benjamin Netanyahu will visit former U.S. President Donald Trump at Trump’s Florida resort on Friday. The Netanyahu Trump talks could ease recent tensions between the leaders who forged a close alliance during Trump’s White House years. Netanyahu’s visit to Trump, the Republican nominee for the 2024 U.S. presidential race, […]
France’s high-speed railway hit by ‘sabotage’ hours before Olympics
PARIS:Â France’s high-speed rail network faced arson attacks on Friday, disrupting travel for hundreds of thousands of passengers. This France railway sabotage happened just hours before the Paris Olympics opening ceremony. #FranceRailwaySabotage A source close to the investigation told AFP that the attacks involved coordinated acts of “sabotage.” “This is a massive attack on a large […]