Judge Rules Musk’s X Can Pursue Lawsuit Against Media Matters in Texas A US judge has ruled that Elon Musk’s social media company X can keep its lawsuit against advocacy group Media Matters in federal court in Texas. Chief US District Judge Reed O’Connor, based in Fort Worth, rejected arguments that the case should be transferred to California, saying he “does not find good cause” for a move. The lawsuit, filed in 2023, accuses Washington, D.C.-based Media Matters of harming X’s reputation with a report alleging that advertisements from major brands appeared alongside extremist content on the platform. Media Matters…
Author: Aishwarya Parikh
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EU Carbon Tax to Hit Indian Steel Exports, US Tariffs Have Limited Impact India’s steel exports are set to face pressure from the European Union’s carbon tax, while US tariffs are expected to have little impact, according to Steel Secretary Sandeep Poundrik. Speaking at the FT Live Energy Transition Summit India on Wednesday, he noted that two-thirds of India’s steel exports are bound for Europe, whereas exports to the US remain negligible. The EU’s Carbon Border Adjustment Mechanism (CBAM), which taxes imports of high-carbon goods such as steel, aluminium, and cement, poses a major challenge. India has requested an exemption…
Sydney Data Centres Approved Without Water-Saving Requirements Authorities in Sydney have approved several new data centres without requiring clear plans to reduce water usage. This has raised concerns that the growing number of centres could strain the city’s limited water supply. The New South Wales (NSW) state government has approved all 10 data centre applications reviewed since expanding its planning powers in 2021. These approvals include projects by major companies such as Microsoft, Amazon, and AirTrunk, owned by Blackstone. Together, these projects involve construction spending of A$6.6 billion (US$4.35 billion). However, they could use up to 9.6 gigalitres of clean…
Gemini Crypto IPO Raises $425 Million, Exceeds Market Expectations Cryptocurrency firm Gemini Space Station, led by billionaire twins Tyler and Cameron Winklevoss, raised $425 million through its initial public offering (IPO) on Thursday. The company priced its shares at $28 each, above the earlier marketed range of $24 to $26, reflecting strong investor interest. IPO Demand Surges Amid Crypto Market Boom Gemini sold approximately 15.2 million shares in the offering, valuing the New York-based company at $3.33 billion on a non-diluted basis. Earlier in the week, the company had revised its price range upwards from $17 to $19, highlighting the…
UNICEF Warns Childhood Obesity Now More Common Than Being Underweight A new UNICEF report has found that obesity among school-aged children and adolescents has overtaken underweight as a global health concern. The UN children’s agency says unhealthy food environments and aggressive marketing of junk food are driving the rise. The study analysed data from 2000 to 2022, compiled by researchers worldwide, and projected trends since 2010. The findings show that 1 in 10 children and adolescents—around 188 million—are now living with obesity based on World Health Organization standards. Alarming Shift in Global Health Trends Obesity rates in those aged 5…
“I belong to a good family. It’s just that life took an unexpected diversion after Covid…” So begins the story of Radha Vallabh Sharma in Vandana Vasudevan’s compelling OTP Please—a tale not just of one man, but of millions swept up in South Asia’s accelerating gig and convenience economy. As Vasudevan stitches together the voices of online buyers, sellers, and gig workers across the region, the daily act of ordering from an app is stripped of its frictionless sheen, revealing layers of dependence—and anxiety—that now define work and post-pandemic consumption. The world of “quick” deliveries is both liberating and fraught. Whether…
BAE Systems Targets 2026 Launch for Autonomous Herne Submarine BAE Systems plans to bring its first autonomous submarine, named Herne, to market by the end of 2026. The move comes as global concerns grow over underwater security threats, especially following several attacks on subsea cables and infrastructure in recent years. Herne to Enhance Undersea Defence Capabilities Herne is BAE Systems’ first autonomous underwater vehicle developed specifically for military use. Unlike traditional remote-controlled submarines designed for commercial tasks, Herne will operate independently. It is equipped with a militarised intelligence, surveillance, reconnaissance, and communication system. The mini-submarine will work alongside conventional submarines.…
India Aims At 8% Jump In Global Space Market Share By 2033: KPMG Report India’s space sector is racing toward a major leap, aiming to secure 8% of the global space economy by 2033, according to a new KPMG-CII report. The document, “Propelling India into a New Era of Space and Innovation,” points to robust policy moves, deep private participation, and a laser focus on downstream services as the primary catalysts for this jump from the current 2-3% share. Scale On The Horizon India’s space economy currently stands at USD 8.4 billion and is projected to hit USD 44 billion…
Hero MotoCorp Appoints Harshavardhan Chitale as New CEO Hero MotoCorp, India’s largest two-wheeler manufacturer, has announced the appointment of Harshavardhan Chitale as its new Chief Executive Officer. Chitale, currently leading the professional business at Dutch lighting company Signify, will officially take charge on 5 January 2026. He succeeds Vikram Kasbekar, who stepped in as acting CEO following Niranjan Gupta’s resignation earlier this year. Although Kasbekar will step down from the interim CEO role, he will continue to serve as the company’s Chief Technology Officer. Focus on Future Mobility and Electrification Hero MotoCorp Chairman Pawan Munjal said the appointment of Chitale…
Trump Finalises Lower Tariffs on Japanese Car Imports Amid Trade Deal US President Donald Trump has signed an executive order that formally reduces tariffs on Japanese automobile imports and other products, offering long-awaited relief to Japan’s export-heavy economy. The move comes after months of negotiations and finalises a deal announced in July, which includes a massive $550 billion Japanese investment in US-based projects. The new tariffs, lowered to 15% from the previous 27.5%, will take effect seven days after the order is officially published. This change is expected to stabilise the Japanese auto sector, which had faced months of uncertainty…