Democrats Criticise NASA for Pre-Emptive Cuts Based on Trump Budget Top Democrats on the House Science, Space, and Technology Committee have strongly criticised NASA leaders for starting to implement cuts proposed in President Donald Trump’s 2026 budget, even before Congress finalises the agency’s funding. According to a letter seen by Reuters, lawmakers Zoe Lofgren and Valerie P. Foushee called these actions “illegal” and “offensive” to the US constitutional process. NASA Moves Ahead Without Approved Budget The controversy stems from comments made by NASA officials during recent employee town halls. According to the letter, acting NASA administrator Sean Duffy was told…
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US House Moves Closer to Passing First Federal Crypto Law After Trump Intervention The Republican-led US House of Representatives has cleared important procedural hurdles on key crypto laws. This progress comes after President Donald Trump intervened to save the initiative, helping push the bills forward after earlier resistance within his own party. The move sets the stage for the first federal law governing digital assets. Stablecoin Bill Likely to Pass First The first piece of legislation expected to pass is a bill establishing a federal framework for stablecoins. These digital currencies are pegged to traditional assets like the US dollar…
Nasdaq and S&P Futures Rise on Chip Stock Rally Amid Market Volatility Futures tied to the Nasdaq and S&P 500 edged higher on Thursday after strong results from Taiwan’s TSMC lifted chipmakers boosting chip stocks. This comes after a volatile session marked by concerns over the Federal Reserve’s independence. At 5:45 a.m. ET, Dow futures slipped by 0.05%, while S&P 500 futures gained 0.1% and Nasdaq futures climbed 0.18%. TSMC Results Boost Chip Stocks The world’s leading producer of AI chips, Taiwan Semiconductor Manufacturing Co (TSMC), reported record quarterly profits, citing surging demand for artificial intelligence technology. This led to…
Trump Hosts AI and Energy Summit as US Races China in Technology President Donald Trump met with leaders from major US tech and energy companies in Pittsburgh on Tuesday to discuss accelerating the country’s growth in artificial intelligence (AI). The summit, held at Carnegie Mellon University, comes as the US competes with China in a growing technological race. AI and Energy Investments Highlighted Trump, joined by US Senator Dave McCormick, announced around $90 billion in AI and energy investments within Pennsylvania. Companies like Meta, Microsoft, Alphabet, and Exxon Mobil participated in the discussions, focusing on positioning the US as a…
US Crypto Bills Push Digital Assets Closer to Mainstream Finance The cryptocurrency sector is nearing a major breakthrough as several pro-crypto bills progress through the US Congress. This week, the House of Representatives is expected to pass key pieces of legislation that could integrate digital assets more deeply into traditional finance. House Focuses on Stablecoin and Market Structure Laws In what Republicans are calling “crypto week”, lawmakers will vote on bills designed to regulate stablecoins and define how cryptocurrencies are classified under US law. The most significant is the GENIUS Act, which sets federal standards for stablecoins. Stablecoins are digital…
Diligent Robotics Hires Ex-Cruise Executives to Expand Beyond Hospitals Diligent Robotics has appointed two former senior leaders from robotaxi company Cruise. This move marks a strategic shift as the company aims to broaden its focus beyond hospital logistics. Rashed Haq, previously Cruise’s head of AI and robotics, has joined Diligent as its new Chief Technology Officer. Meanwhile, Todd Brugger, who served as Cruise’s Chief Operations Officer, has been named Diligent’s new Chief Operations Officer. Both bring extensive experience in scaling autonomous technologies. Focus Expands to Wider Commercial Markets Diligent Robotics is known for Moxi, its humanoid robot designed to handle…
Britain Backs Eutelsat with €163 Million Investment Britain plans to invest €163 million ($191 million) in satellite operator Eutelsat. This move will add to a larger cash injection from France, helping the company compete with SpaceX’s Starlink. Europe aims to build stronger capabilities in defence and satellite communications. The push comes after Russia’s invasion of Ukraine and the US’s “America First” policies. France Leads Eutelsat’s Capital Boost French President Emmanuel Macron, during a visit to Britain, thanked London for the investment. However, he did not share the amount in public. France plans to become Eutelsat’s largest shareholder this year. It…
ISRO Successfully Tests Gaganyaan Service Module Propulsion System ISRO has successfully conducted two hot tests of the Gaganyaan Service Module Propulsion System (SMPS) at the ISRO Propulsion Complex (IPRC) in Mahendragiri on July 3, 2025. The tests, held for 30 seconds and 100 seconds, aimed to validate the configuration of the test article. The propulsion system performed normally during both tests, meeting pre-test predictions. Testing Thrusters and Engines in Different Modes During the 100-second test, ISRO demonstrated the simultaneous operation of all Reaction Control System (RCS) thrusters in steady and pulsed modes, along with all Liquid Apogee Motor (LAM) engines.…
M&S Chair Calls for Mandatory Cyberattack Reporting by UK Firms British businesses should be legally required to report significant cyberattacks to authorities, according to the chairman of Marks & Spencer. Archie Norman stated that two major attacks on large UK firms had recently gone unreported, highlighting gaps in cybersecurity oversight. Many Cyberattacks Go Unreported Speaking to the Business and Trade Committee in parliament, Norman explained that many serious cyberattacks are not reported to the National Cyber Security Centre (NCSC). He was giving evidence on the April cyberattack that forced M&S to suspend online shopping for nearly seven weeks. Norman noted,…
Israeli Reservists Drive Defence Tech Innovation Israeli army reservist Zach Bergerson felt compelled to act when he saw soldiers relying only on their eyes and ears to spot enemy drones. At 36, the high-tech professional developed a wearable device that uses mobile phone technology to alert troops to aerial threats. His startup, SkyHoop, has moved from secrecy to piloting in Ukraine, while talks continue for a trial with the US Defence Department. Like many reservists, Bergerson has used his military and civilian expertise to support Israel’s defence industry. New Startups Emerge from Battlefield Experience Following a deadly Hamas attack on…