Panama Canal Controversy: President Mulino Denies U.S. Agreement In a firm rebuttal to recent claims, Panamanian President José Raúl Mulino has denied that Panama made a deal with the U.S. allowing American warships to transit the Panama Canal without paying the usual fees. This strong statement came during his weekly press conference, where he clarified … Read more
In a major update to its AI policy, Alphabet Inc.’s Google has made a controversial change by removing a key section from its artificial intelligence principles that once vowed to avoid using the technology in harmful applications like weapons. This decision comes amid shifting stances among major tech companies as they reassess their approaches to … Read more
NASA is set to launch its groundbreaking SPHEREx space telescope in February 2025, with an ambitious mission: to map the entire sky in unprecedented detail. With a budget of just $488 million, this mission offers an affordable yet powerful tool for exploring the cosmos. SPHEREx will capture the universe in 102 infrared colors, providing valuable … Read more
Introduction U.S. businesses are facing a wave of uncertainty as President Donald Trump reintroduces tariffs on imports from major trade partners like China, Canada, and Mexico. With these tariffs set to increase, many industries, ranging from small local businesses to large corporations, are bracing for a significant rise in their operational costs. Experts, including economists … Read more
A hundred-metre-wide asteroid, dubbed 2024 YR4, has been placed at the top of impact risk lists by global planetary defence agencies, following its detection in December 2024. With the potential to collide with Earth before Christmas in 2032, this celestial body has set off alarm bells across space agencies worldwide, prompting immediate monitoring and preparation … Read more
US Economy Slows in Q4: Robust Spending Keeps Rate Cut Hopes Alive The US economy experienced a slowdown in the fourth quarter of 2024, with gross domestic product (GDP) increasing at a 2.3% annualized rate. This marked a deceleration from the 3.1% growth pace seen in the July-September period. Despite the cooling down from earlier … Read more
A recent analysis by Bernstein has sparked a debate over the true cost of developing AI models, specifically targeting the claim made by DeepSeek, an AI firm known for creating cutting-edge language models. DeepSeek, which has positioned itself as a serious contender to OpenAI, recently stated that it built its advanced models for just $5 … Read more
Lenskart Set to Raise $1 Billion in IPO, Tapping Leading Banks for Launch Lenskart, the Indian eyewear giant backed by SoftBank, is preparing for a major step in its growth journey by planning a potential initial public offering (IPO) worth up to $1 billion. The company has reportedly reached out to key arrangers such as … Read more
Elon Musk’s Department of Government Efficiency (DOGE) will not operate out of the Oval Office, as many had speculated. Instead, President Donald Trump clarified that the team will be based in the nearby Eisenhower Executive Office Building, not in the West Wing of the White House. The announcement sparked discussions about Musk’s role in Trump’s … Read more
In a surprising market twist, the Japanese yen and Swiss franc have strengthened against major currencies while the U.S. dollar experienced a dip. This shift comes as investors react to a significant selloff in tech stocks and the introduction of a free AI assistant by the Chinese startup, DeepSeek. The news is rattling investors and … Read more