Explore the latest and most relevant news from around the globe on our site, covering various topics including technology, finance, health, and much more. We keep track of the major events and provide information firsthand so you can stay informed about the latest happenings.

Android Fans Respond to Rumored $700 Galaxy Watch 7 Ultra

It didn’t take long to find Android fans who were not turned on by the idea of a $700 smartwatch from Samsung. In what we assume is a potential try to match Apple’s Watch Ultra line, Samsung’s reported Galaxy Watch 7 Ultra is going to pack a massive price tag. Apple does a pretty darn good job with its marketing department at making a smartwatch seem like it should cost that much, with its diving capabilities, premium hardware and all of that jazz, but can Samsung possibly do the same with...

KPMG reveals finalists for Global Tech Innovator Ireland 2024

The KPMG Global Tech Innovator Competition is in its fourth year and has eight exciting Irish start-ups shortlisted for the country’s competition later this year. KPMG has selected eight tech start-ups that will square off in the Ireland final of this year’s Global Tech Innovator competition. This KPMG competition – now in its fourth year – aims to showcase the best of Ireland’s emerging tech...

Flying Robot Insect Flies, Crawls, and Hovers Like a Real Bug

Insects have long been an inspiration for robots. The insect world is full of things that are tiny, fully autonomous, highly mobile, energy efficient, multimodal, self-repairing, and I could go on and on but you get the idea—insects are both an inspiration and a source of frustration to roboticists because it’s so hard to get robots to have anywhere close to insect capability. We’re definitely making progress, though. In a paper published last month in IEEE Robotics and Automation Letters, roboticists from Shanghai Jong Tong University demonstrated the most bug-like robotic bug I think I’ve ever seen.https://www.youtube.com/watch?v=Dech-vsAmUYA Multi-Modal Tailless...

IMF proposes tax on AI carbon emissions to counter job loss, income inequality

Why it matters: Generative AI has emerged as a powerful but disruptive new technology, already bringing major changes to how many people work – and causing job losses for many others. Now, the International Monetary Fund believes that those job losses may hamper tax collections, so something has to give. One of their proposals to compensate is a carbon tax on the energy-intensive server farms powering these AI systems. This idea was floated in an IMF discussion paper titled "Broadening the Gains from Generative AI: The Role of Fiscal Policies." The paper's core argument is that while generative AI...

China ‘Underground Banks Laundered $50m Drug Cash’

  The US Justice Department says Chinese “underground bankers” laundered more than $50m in drug money for  Mexico’s Sinaloa crime cartel, according to a report by The Guardian, which noted that the claim was made in an indictment unsealed in a Californian court, with Drug Enforcement Agency chief Anne Milgram saying a years-long investigation “uncovered a partnership between Sinaloa cartel associates and a Chinese criminal syndicate operating in Los Angeles and China to launder drug money.” “Drug traffickers increasingly have partnered with Chinese underground money exchanges to take advantage of the large demand for US dollars from Chinese nationals,” it said,...

Modernising the locket for a new generation

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.“What would life look like from inside a sherbet disc? That’s what I was thinking about,” says Sheherazade Goldsmith, gesturing at a rabbit-shaped glass jar filled with brightly coloured sweets in her new flagship store in Belgravia. “And this is it, apparently!”Inspired by the London jewellery designer’s childhood memories of visiting a pick ‘n’ mix sweet shop near her grandmother’s house in west London, the space has the whimsy and painstaking attention to detail of a Wes Anderson film, with candyfloss-pink...

Singapore’s SC Oscar acquires New Zealand solar developer; seeks more deals

Singapore fund manager SC Oscar has acquired Rānui Generation, a New Zealand solar photovoltaics (PV) project developer.Four underlying development-stage solar PV power projects in New Zealand, with total capacity of around 157 Megawatt peak (MWp), are included in this deal. An initial project is starting construction imminently, with two other projects close to ‘ready to build’ status, according to a June 18 press release.This transaction was carried out through SC Oscar’s renewable energy infrastructure fund named SC Renewable Plus Fund 1, which achieved a second closing in March 2024, and is seeking to raise $300 million in total capital...

Credit card debt surges by almost £5bn as punishing interest rates send bills spiralling...

The total amount outstanding on the nation's credit cards has surged by almost £5 billion - around 10 percent - in a year to reach just over £65 billion.New figures from the banking industry trade body UK Finance found that around half this figure - 49.8 percent - incurred interest with APR rates often charging as much as 30 percent.The net effect is that people who are relying on credit card to cover everyday expenses, such as food, clothes and energy, are facing punishing interest rate bills.New figures from the banking trade body UK Finance show outstanding balances on...

Red tape, spiralling costs and the VAT threshold are pressing issues for 5.5 million...

As the general election approaches, Insights from leading small business insurer Simply Business has revealed the most pressing issues within the sector. The survey of 1,750 small business owners pinned access to finance, a stifling VAT threshold and ‘two tier’ approach to energy support as reasons for stagnation within the sector. Almost a third (29.5%) of small business owners said the government had not done enough to support small businesses through the energy crisis, and that they should increase tax for oil and gas companies. One in five (19.7%) felt more stringent regulation of oil and...

Stellantis has achieved $9 billion in cost reductions from merger

Stellantis CEO Carlos Tavares speaks to media on June 13, 2024 following the company's investor day at its North American headquarters in Auburn Hills, Mich.Michael Wayland / CNBCAUBURN HILLS, Mich. — Stellantis is correcting what CEO Carlos Tavares described Thursday as "arrogant" mistakes by himself and the company in the automaker's U.S. operations that led to sales declines, bloated inventories and investor concerns.Tavares said the convergence of three factors led to the problems: not selling down vehicle inventory fast enough; manufacturing issues, specifically with two unnamed plants; and lack of "sophistication in the way to go to market.""We had...

Stocks making the biggest moves premarket: ADBE, HAS, GME

Check out the companies making headlines before the bell. GameStop — The meme stock dipped 1.1% after Keith Gill, known as "Roaring Kitty," seemingly increased his ownership in GameStop. He appears to be holding 9.001 million GameStop shares and over $6 million in cash, according to a screenshot he posted to Reddit. Adobe — The software company soared 14.2% after posting better-than-expected earnings and revenue , with higher annualized digital media revenue, which includes Creative Cloud subscriptions, than analysts had called for. Adobe also lifted its full-year guidance. JPMorgan upgraded shares to overweight from neutral on Friday, saying Adobe is poised...

Stocks making the biggest moves premarket: ADBE, HAS, GME

Check out the companies making headlines before the bell. GameStop — The meme stock dipped 1.1% after Keith Gill, known as "Roaring Kitty," seemingly increased his ownership in GameStop. He appears to be holding 9.001 million GameStop shares and over $6 million in cash, according to a screenshot he posted to Reddit. Adobe — The software company soared 14.2% after posting better-than-expected earnings and revenue , with higher annualized digital media revenue, which includes Creative Cloud subscriptions, than analysts had called for. Adobe also lifted its full-year guidance. JPMorgan upgraded shares to overweight from neutral on Friday, saying Adobe is poised...

Three Stocks: Tesla, Super Micro, and SOFI

Three Stocks: Tesla, Super Micro, and SOFITesla Tesla (TSLA) stock followed through on that support from the Tesla bulls recently, opening today’s trading more than 7% higher. The spike higher was caused by Elon Musk’s tweet – can I still call it that? – stating that “currently passing by wide margins.” David Faber of CNBC pointed out a few sticking pointsTags: AI stocks, elon musk, Stocks to Buy The post Three Stocks: Tesla, Super Micro, and SOFI appeared first on Money Morning - We Make Investing Profitable. Source link