Danny Boyle’s upcoming film Ink, a drama chronicling Rupert Murdoch’s 1969 acquisition of The Sun, will serve as the opening title for the 83rd Venice Film Festival. According to organizers, the film stars Jack O’Connell, Guy Pearce, and Claire Foy and will compete for the festival’s top honors at the Sala Grande on the Lido. … Read more
Twenty-nine countries signed an agreement on Thursday to establish the World AI Cooperation Organization, a new intergovernmental body aimed at fostering international collaboration and global governance for artificial intelligence. The signing ceremony took place in Shanghai, China, involving nations including Russia, Belarus, Serbia, Cuba, Brazil, and Venezuela, alongside 10 African and 12 Asian countries. Establishing … Read more
Researchers from Tokyo Jikei University School of Medicine have found that long COVID symptoms, such as chronic fatigue and depression, are triggered when a coronavirus infection activates dormant herpes viruses in the body. This process produces a protein called SITH-1, which researchers linked to decreased brain function and neurotransmitter deficiencies. The Role of SITH-1 Protein … Read more
Volkswagen is weighing a potential reduction of up to 100,000 jobs worldwide to address a 20% cost disadvantage compared to its rivals, according to an internal memo from CEO Oliver Blume. The automaker, which has already finalized 50,000 job cuts across its group, is currently evaluating further adjustments to its manufacturing network to improve efficiency … Read more
SK Hynix shares jumped 14% during their Nasdaq debut on July 10, following a $26.5 billion share sale. The South Korean chipmaker opened at $170 per American Depositary Receipt (ADR), significantly above the $149 offering price. This move provides the company with direct access to U.S. capital markets and funds for future factory construction, signaling … Read more
The U.S. Food and Drug Administration (FDA) has proposed a new regulatory framework designed to modernize how distributed pharmaceutical manufacturing sites register with the agency. Under the proposal, companies utilizing a “hub-and-spoke” manufacturing model—where a central location oversees multiple production units—would be permitted to register as a single establishment. The rule also mandates tighter reporting … Read more
SK Hynix completed a U.S. trading debut on Friday, pricing its American Depositary Receipts (ADRs) at $149 each following a $26.5 billion share sale. This listing, which was oversubscribed more than seven times, provides the South Korean memory chipmaker direct access to U.S. investors and capital to fund new factory construction, according to reports confirmed … Read more
SoftBank Corp and mobile payments operator PayPay are in preliminary talks to invest several hundred billion yen into retail giant Seven & i Holdings, according to a report by Bloomberg News. The potential deal may also include a stake from Sumitomo Mitsui Card, a subsidiary of Sumitomo Mitsui Financial Group, though none of the involved … Read more
Meta’s Iris Chip: A Strategic Move Toward AI Independence Meta Platforms (META.O) plans to manufacture its custom AI chip, “Iris,” starting in September 2024 as part of a broader effort to boost computing power to 14 gigawatts by 2027, according to an internal memo reviewed by Reuters. The chip, part of Meta’s four-generation MTIA project, … Read more
NATO leaders have unveiled arms deals worth tens of billions of dollars in Turkey, according to official reports from the alliance’s summit in Ankara. While the move signals a commitment to increased European military spending, President Donald Trump continues to express dissatisfaction with NATO allies, citing insufficient support during the U.S. war on Iran and … Read more