Wall Street Set for Lower Open as Tariff Tensions Weigh, Tesla Shares Drop Wall Street prepared for a weaker open on Monday as investors remained cautious amid tariff uncertainty, while Tesla shares slid after CEO Elon Musk announced plans to launch a political party. Tariff Uncertainty Keeps Markets Cautious President Donald Trump said on Sunday that the White House is close to finalising several trade agreements and will notify countries of higher tariff rates by 9 July, with the new rates taking effect on 1 August. Trump also threatened an additional 10% tariff on countries aligning with the “Anti-American policies”…
Author: Kanika Sharma
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Hawk-Eye Error Sparks Controversy at Wimbledon Wimbledon’s automated line-calling system, hawk-Eye faced criticism on Sunday after a malfunction cost Anastasia Pavlyuchenkova a key point during her last-16 match against Britain’s Sonay Kartal. The incident occurred on Centre Court with the score at 4-4 in the opening set. Pavlyuchenkova reached game point when Kartal hit a shot that appeared clearly long, but there was no out call. Pavlyuchenkova stopped playing, expecting the point to be awarded. Replays Show Error, Point Ordered to Be Replayed Television replays confirmed that Kartal’s shot had landed well out. However, after seeking advice via telephone, umpire…
A Flash in the Darkness During a recent orbital pass over Earth, satellite sensors captured a rare glimpse of sprites – massive, fleeting red flashes that bloom above thunderstorms. Unlike typical lightning, sprites are born in the mesosphere (approximately 50–90 km altitude) and triggered by intense electrical activity in the thunderstorms below. They often take the form of jellyfish-like or carrot-shaped glows and last merely a few milliseconds, making them difficult to study from the ground. So why should we care about these brief atmospheric fireworks when we already track thousands of lightning strikes daily? What Are Sprites, Really? Sprites…
AI Replaces Line Judges at Wimbledon Wimbledon has introduced artificial intelligence to replace most line judges this year. For the first time, the tournament is running on AI line calling without fully dressed judges calling balls in or out. The All England Club has reduced its 300 line judges to only 80. These remaining officials now support chair umpires and step in if the Hawk-Eye Electronic Line Calling system fails. The Hawk-Eye system uses AI to track the ball from up to 18 cameras on the court. It decides if the ball is in or out within seconds. According to…
A public rift between former U.S. President Donald Trump and billionaire entrepreneur Elon Musk widened this week, as Trump called for a review of the massive federal subsidies Musk’s companies have received. The move signals a sharp breakdown in what was once a powerful political alliance between the tech mogul and the former president. Trump Slams Musk Over “BIG” Government Spending Posting on Truth Social, Trump questioned whether Musk, CEO of Tesla and SpaceX, should continue benefiting from what he claims are historically high government subsidies. “Elon may get more subsidy than any human being in history… Perhaps we should…
Germany Plans Joint Cyber Research Centre with Israel Germany is planning to establish a joint German-Israeli cyber research centre to enhance cooperation in intelligence and security, according to German Interior Minister Alexander Dobrindt. During his visit to Israel, Dobrindt stated that the initiative would deepen collaboration between the two nations as they address growing security challenges. Germany, one of Israel’s closest allies in Europe, has increasingly sought to benefit from Israel’s defence expertise. As Berlin strengthens its military contributions to NATO, it sees Israel as a valuable partner in addressing perceived rising threats from Russia and China. Building Germany’s “Cyber…
India’s Biofuel Drive Fuels Feed Costs, Squeezing Small Poultry Farmers In Ghazipur, a quiet town along the Ganges river in northern India, farmer Satyadev Prajapati is witnessing a troubling drop in egg production from his 350 free-range hens. The reason: a sharp 40% surge in poultry feed prices, driven mainly by rising maize costs and India’s biofuel drive. Biofuel Ambitions Trigger Feed Price Rise India’s growing biofuel initiative, aimed at cutting oil imports and reducing carbon emissions, has pushed demand for maize, a key ingredient in both ethanol and animal feed. This increased competition is hurting small poultry producers like…
French Investment Strengthens Eutelsat Space Ambitions Shares in Eutelsat rose by 6% on Friday morning following a major announcement from the French government. France revealed it would become the satellite company’s largest shareholder after a €1.35 billion ($1.55 billion) capital increase. The move aims to bolster Eutelsat’s position in the global satellite market, especially against competitors like Elon Musk’s Starlink. The French finance ministry stated that this investment is essential for Europe’s space sovereignty. Eutelsat owns the world’s second-largest constellation of low-Earth orbit (LEO) satellites, making it a key player in the race for global connectivity. Macron Highlights Strategic Importance…
CSRC Chairman Announces Key Measures at Lujiazui Forum in China China plans to speed up a series of reforms aimed at making its capital markets more open and inclusive, according to Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC). Speaking at the 2025 Lujiazui Forum in Shanghai, Wu highlighted the importance of foreign capital and institutions in the country’s financial development. Wu announced that the CSRC would soon implement key initiatives to support foreign investment. These include improvements to the Qualified Foreign Institutional Investor (QFII) system, better access and operational arrangements, and the expansion of eligible products for…
Why Companies Are Investing in Cryptocurrency A growing number of public companies are entering the cryptocurrency space. These firms, many of which do not specialise in digital assets, are adopting bitcoin treasury strategies. This means they are allocating part of their cash reserves to bitcoin, hoping to boost value and investor interest. According to a report from Standard Chartered, 61 listed companies have started using this approach. They aim to replicate the success of firms like Strategy (formerly MicroStrategy), a software company that began buying bitcoin in 2020. Strategy now holds over $63 billion in bitcoin. Since 2020, its stock…