Italian Prosecutors Drop Probe into Suspected Russian Drone Flights Over EU Space Centre Italian prosecutors have requested the dismissal of an investigation into alleged Russian drone activity over a European Union research facility, after determining that the supposed flights were the result of signal interference rather than espionage. Two sources familiar with the matter told Reuters that the Milan prosecutors’ office found no evidence of foreign drone operations near the European Joint Research Centre (JRC) in Ispra, northern Italy. The investigation concluded that 21 supposed overflights between March and May 2025 were actually false positives caused by a private GSM…
Author: Kanika Sharma
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Ellison Personally Guarantees Paramount’s $40.4 Billion Bid for Warner Bros Oracle co-founder Larry Ellison has stepped in to personally guarantee financing for Paramount Skydance’s $40.4 billion bid to acquire Warner Bros Discovery, strengthening the media company’s offer against rival bidder Netflix. The move, disclosed in a regulatory filing on Monday, aims to reassure Warner Bros’ board about Paramount’s funding capacity and the full backing of the Ellison family. Paramount Raises Termination Fee, Keeps Offer Unchanged Despite the guarantee, Paramount said it is maintaining its all-cash offer of $30 per share. It also increased its regulatory reverse termination fee from $5…
Delaware Supreme Court Restores Elon Musk’s $56 Billion Tesla Pay Deal Elon Musk has scored a major legal victory after the Delaware Supreme Court reinstated his 2018 Tesla compensation package, once valued at $56 billion. The ruling, issued on Friday, overturns a lower court decision that had struck down the record-breaking pay plan as “unfathomable” and ensures Musk retains stronger control over the electric car maker. Landmark Ruling Reverses Earlier Decision In a 49-page opinion, the state’s highest court said the 2024 ruling that rescinded Musk’s pay package was “improper and inequitable,” as it left the Tesla chief “uncompensated for…
Google and Apple Warn Visa-Holding Employees Against International Travel Amid Lengthy Delays Alphabet’s Google and Apple have urged some U.S.-based employees on temporary work visas to avoid international travel due to significant delays in visa stamping appointments at American embassies and consulates. Internal memos cited by Business Insider revealed that workers could face waits of up to 12 months, raising concerns that staff might be stranded abroad if they travel. Social Media Screening Slows Visa Processing According to immigration law firms representing the companies, the backlog has been worsened by newly expanded social media screening requirements introduced under the Trump…
SpaceX Loses Contact with Starlink Satellite After In-Orbit Mishap SpaceX confirmed on Wednesday that one of its Starlink satellites experienced a malfunction in orbit, creating debris and severing communications with the spacecraft — a rare incident for the company’s vast satellite internet network. The event, which occurred at an altitude of 418 kilometres, has prompted close monitoring by U.S. space agencies. In a post on X, SpaceX said the satellite “is largely intact, tumbling, and will reenter the Earth’s atmosphere and fully demise within weeks.” The company added that it was working with the U.S. Space Force and NASA to…
Wall Street Rises as Soft Inflation AI Data Boosts Rate-Cut Hopes Wall Street’s major indexes ended higher on Thursday, lifted by renewed optimism that the Federal Reserve may begin cutting interest rates early next year following a softer inflation reading. Strong earnings guidance from chipmaker Micron Technology also fuelled gains across the technology sector, highlighting robust demand linked to artificial intelligence. The Consumer Price Index (CPI) report showed that annual consumer price growth slowed more than expected in November. The U.S. Bureau of Labor Statistics did not publish monthly CPI data because a 43-day government shutdown halted the collection of…
Trump Signs Order to Return Americans to the Moon by 2028 and Strengthen Space Defence President Donald Trump has formalised the United States’ ambition to send astronauts back to the Moon by 2028 and bolster defences against space-based threats. The directives were outlined in a sweeping executive order issued on Thursday, marking the administration’s first major space policy action of Trump’s second term. The order was announced only hours after billionaire private astronaut and former SpaceX customer Jared Isaacman was sworn in as NASA’s 15th administrator. It also restructured how national space policy is coordinated, placing oversight under Trump’s chief…
Micron Shares Surge on Strong Profit Outlook and AI Chip Demand Micron Technology’s shares jumped 9% in premarket trading on Thursday after the U.S. chipmaker issued a bullish quarterly profit forecast, highlighting its growing dominance in the high-bandwidth memory (HBM) chip market as prices soar. Market Leadership Amid Rising Demand Micron is among only three key suppliers of HBM chips, alongside South Korea’s Samsung and SK Hynix. These advanced chips play a vital role in training and deploying generative artificial intelligence (AI) models, driving unprecedented demand from data centres worldwide. The company projected a second-quarter adjusted profit nearly twice what…
Roblox Offers to Modify Features in Russia to Regain Access U.S. gaming platform Roblox has expressed its willingness to modify certain features in Russia, as it seeks to overturn a government-imposed ban that came into effect earlier this month. The platform was blocked by Russia’s communications watchdog, Roskomnadzor, on 3 December over concerns about child safety. Roblox Engages in Talks with Russian Watchdog Roskomnadzor said on Wednesday that Roblox had contacted the agency and showed readiness to comply with Russian legal requirements. “If this isn’t just a statement, but a genuine willingness to change its approach to ensuring children’s safety…
Ford Takes $19.5 Billion Charge as It Scales Back Electric Vehicle Plans Ford Motor Co. has announced a $19.5 billion charge linked to its electric vehicle (EV) investments, marking one of the most significant retreats yet from the auto industry’s earlier enthusiasm for electrification. The decision underscores a strategic shift toward conventional petrol and hybrid vehicles, aligning production more closely with current U.S. consumer preferences. Details of the Financial Charge According to Ford, around $8.5 billion of the total charge stems from costs related to scrapping several long-planned EV projects, including a large electric pickup truck once slated for production…