Bank of England’s Andrew Bailey Backs AI to Help Regulators Spot Risk Bank of England Governor Andrew Bailey has urged regulators to embrace artificial intelligence (AI) to better identify risks within the financial sector. Speaking at an event hosted by the London School of Economics, Bailey stressed that regulators must improve how they use the vast amounts of data they collect. “We all need to invest in data, data science, and new techniques,” Bailey said. He explained that although central banks and watchdogs gather large volumes of information, most are not using it to its full potential. Avoiding Missed Warnings…
Author: Kanika Sharma
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Google Fights to Keep Ad Tech Business Intact as Antitrust Trial Begins Alphabet’s Google is fighting to avoid the forced sale of its advertising platform, AdX, as it heads to trial against US antitrust authorities in Alexandria, Virginia. The trial, which began on Monday, marks another significant chapter in the US government’s effort to challenge the dominance of major tech firms. The Department of Justice (DOJ), along with a coalition of states, is demanding that Google sell AdX. This platform allows publishers to sell digital ads through real-time auctions, where Google takes a 20% fee. The government also wants Google…
Smaller US defence companies are seeing major gains on Wall Street this year, driven by rising demand for modern, low-cost battlefield technologies. As global conflicts such as those in Ukraine and Gaza escalate, military spending is increasing worldwide. This surge has pushed investors toward agile firms developing next-generation systems tailored for rapid deployment. These companies focus on AI-powered drones, unmanned vehicles and software-driven platforms. Their technologies offer low-cost solutions that reduce reliance on large troop deployments. The Pentagon’s shift towards adaptable and tech-forward systems has further fuelled this interest. Jon Siegmann, a defence industry expert at Stifel, said: “The winners…
India’s First 240V Electric Motorcycle Platform Gets TDB-DST Backing India is moving ahead in electric mobility with the development of the country’s first 240-volt electric motorcycle platform. This pioneering project, supported by the Technology Development Board (TDB) under the Department of Science & Technology (DST), marks a major step in building indigenous electric vehicle (EV) technology. The project is being carried out by Chennai-based startup M/s Raptee Energy Pvt. Ltd. With this innovation, the company aims to bring high-voltage benefits—already used in electric cars—into the two-wheeler segment for the first time in India. High-Voltage Technology for Faster Charging The 240-volt…
Engine Trouble Delays Northrop Spacecraft’s Cargo Delivery to ISS A Northrop Grumman spacecraft designed to deliver cargo to the International Space Station (ISS) has experienced an engine issue, delaying its planned arrival. The Cygnus XL, an upgraded version of Northrop’s cargo craft, encountered the problem during its first flight. Engine Stops Early During Orbital Manoeuvre The uncrewed Cygnus XL launched on Sunday aboard a SpaceX rocket from Florida. It carried 11,000 pounds (around 4,990 kilograms) of scientific equipment and supplies for the crew aboard the ISS. However, NASA reported on Tuesday that the spacecraft’s main engine shut down earlier than…
Thales, Airbus and Leonardo Move Closer to €10 Billion Satellite Venture Leonardo, Thales and Airbus are working to finalise an initial agreement on a €10 billion joint venture to merge their satellite operations. The proposed partnership, known as “Project Bromo”, aims to create a European satellite manufacturing powerhouse. According to sources familiar with the matter, the companies are seeking to counter growing competition from the US and China, especially from players like Elon Musk’s Starlink. The new venture would be headquartered in France and could be modelled after MBDA, the European missile manufacturer jointly owned by Airbus, Leonardo and BAE…
Legence Shares Rise After Volatile IPO Debut Backed by Blackstone Shares of Legence, the Blackstone-backed engineering and maintenance services provider, saw a volatile debut in New York trading on Friday. The stock initially opened below its $28 offer price but later rebounded, closing at $30.50. This gave the San Jose-based company a market value of about $3.2 billion, according to earlier filings. Legence’s shares climbed as much as 12% above the IPO price during the session. The performance came after the company raised $728 million on Thursday by selling 26 million shares at $28 each, priced within the marketed range…
Britain and US to Seal Nuclear Power Pact During Trump Visit Britain and the US are set to sign a major agreement on nuclear power during US President Donald Trump’s upcoming visit. The deal, confirmed by the British government, is expected to boost collaboration between the two nations on developing new nuclear energy projects. This agreement also aims to encourage investment in nuclear plants across the UK. The UK has increased its focus on nuclear power recently. As part of this push, the government has committed £14 billion to the new Sizewell C nuclear plant. It is also supporting a…
Oracle Shares Dip After Record AI Surge Despite Strong Cloud Momentum Oracle Corporation (ORCL.N) saw a drop in its share price on Thursday, following a historic surge driven by artificial intelligence-related gains the day before. This recent rally brought the company closer to the trillion-dollar valuation mark and placed co-founder Larry Ellison near the top of the world’s wealth rankings. AI-Driven Growth Fuels Market Buzz The software giant has recently secured several multi-billion-dollar cloud computing deals, boosting investor confidence. These deals reflect the growing demand for computing power, as companies worldwide race to dominate in AI technologies. On Wednesday, Oracle’s…
Gerbera Drone: What We Know About Russia’s Low-Cost UAV Spotted in Poland A suspected Russian drone incursion into Polish airspace on Wednesday has raised serious concerns across NATO. According to a Polish army official, the incident involved the use of Gerbera drones—low-cost, long-range unmanned aerial vehicles developed by Russia. The event marked a troubling moment, as the war in Ukraine appeared to extend onto NATO territory. What Is the Gerbera Drone? The Gerbera drone is designed for affordability and range. Ukrainian intelligence reports that it is made from simple materials such as plywood and foam. These drones are assembled at…
