Chinese memory chip manufacturer ChangXin Memory Technologies (CXMT) has seized newfound pricing power amid a global supply scramble, hiking costs for major tech firms like Huawei and securing a multi-billion dollar deal with TikTok owner ByteDance, according to sources familiar with the matter. The shift highlights a dramatic turnaround for domestic semiconductor firms once reliant … Read more
Public health authorities are currently scrambling to secure medical countermeasures for an outbreak of the Bundibugyo strain of the Ebola virus in the Democratic Republic of Congo. With 2,473 confirmed cases and 999 deaths reported by the government, the lack of approved vaccines or treatments for this specific strain—which carries a fatality rate of up … Read more
China’s state-backed capital operators, China Reform Holdings Corp (CRHC) and China Chengtong Holdings Group, have intervened in the domestic stock market following a sharp sell-off. According to statements released by the firms, they have collectively deployed billions of yuan to stabilize share prices of centrally administered state-owned enterprises (SOEs) and technology firms, citing confidence in … Read more
Skyroot Aerospace successfully launched its Vikram-1 rocket from the Satish Dhawan Space Centre in Sriharikota, marking India’s first orbital mission conducted by a private company. The rocket reached a 450 km orbit, carrying customer payloads and experimental technology. This milestone positions India as the third nation to achieve private orbital launch capability, supporting national goals … Read more
Volvo Cars Sees Q2 Profit Decline but Eyes Recovery with New Electric Model Volvo Cars reported a drop in second-quarter operating profit to 800 million Swedish crowns ($82,76 million), according to a Reuters report, as the automaker prepares to ramp up production of its new EX60 electric SUV. The decline follows a 1.6 billion crown … Read more
Brazil’s Strategic Response to U.S. Tariffs Includes Patent Suspensions and WTO Revival Brazil is preparing to retaliate against U.S. tariffs by targeting intellectual property rights and audiovisual sector interests, according to three sources familiar with the discussions. The measures, which could include suspending pharmaceutical and agricultural seed patents, aim to pressure Washington while avoiding consumer … Read more
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