NASA is preparing to launch the Nancy Grace Roman Space Telescope, a roughly $4 billion observatory designed to probe dark energy, dark matter, and hunt for exoplanets. According to U.S. space agency officials, the mission is scheduled for liftoff on Sunday from the Kennedy Space Center in Florida aboard a SpaceX Falcon Heavy rocket, with … Read more
The U.S. Department of Homeland Security proposed raising the H-1B visa application fee to a permanent $103,265, following a legal battle over President Donald Trump’s initial efforts to overhaul the skilled foreign worker program. According to Reuters reporting, the visa program allows technology companies and other industries to employ foreign professionals for a few years, … Read more
Unitree shares slumped 45% from their debut peak in late August, dropping by $30 billion after soaring to an early $66 billion valuation on the Shanghai STAR Market, according to Reuters. The steep post-listing selloff for China’s best-known humanoid robot maker has triggered widespread regulatory and investor anxiety over retail losses, retail trading frenzies, and … Read more
Federal Bank plans to raise $500 million through a five-year dollar bond sale, according to bankers who requested anonymity because they lack authorization to speak with the media. The capital-raising effort follows a board approval on Friday for foreign-currency-denominated bonds issued through the International Financial Services Centre Banking Unit located in GIFT City. Federal Bank … Read more
Abu Dhabi National Oil Company vessel attacks in the Strait of Hormuz have escalated security concerns for global energy shipments, according to Emirati state news agency WAM and regional reporting. An ADNOC vessel came under attack while transiting the vital waterway, resulting in no reported injuries and the situation being brought under control, the company … Read more
Apple has trained a large language model specifically for the China market with support from Alibaba Group, according to three people familiar with the matter who spoke with Reuters. The development marks a departure from the iPhone maker’s prior strategy of relying entirely on third-party models to power artificial intelligence features in the country, where … Read more
Chinese artificial intelligence startup DeepSeek formally released its official V4 Pro model to regain ground against fast-moving domestic rivals as it expands hiring, computing capacity, and fundraising efforts, according to Reuters and The Economic Times. The new software, designated V4-Pro-0813, greatly enhances agent capabilities and is available through API, app, and web channels, the companies … Read more
To help secure billions of dollars for his insurance firms, billionaire Mark Walter proposed using his equity holdings in Guggenheim Partners as collateral, a Bloomberg News story published on Thursday revealed. The capital-raising push involves offering double-digit yields to lenders for Walter’s TWG holding company, as reported by Bloomberg News. Debt Restructuring at Delaware Life … Read more
A powerful explosion rocked a munitions factory operated by KNDS Ammo Italy near the town of Colleferro southeast of Rome on Thursday, according to local media reports and regional officials. Emergency crews responding to an initial fire at the industrial site were present when the blast occurred, sending large plumes of smoke into the air … Read more
Iran and the United States remain at loggerheads over efforts to secure a permanent end to the war in the Gulf, according to a senior Iranian source who reported zero progress in reviving an interim deal agreed in June. The stalled diplomatic efforts coincided with a fresh wave of maritime attacks on Tuesday that rattled … Read more