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…
Author: Kanika Sharma
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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…
Voyager Technologies made a strong entrance on the US stock market, securing a valuation of $3.8 billion. The defence and space firm saw its shares more than double on debut, highlighting strong investor confidence in a sector expected to grow under the Trump administration. Impressive IPO Performance Reflects Market Optimism Based in Denver, Colorado, Voyager’s shares opened at $69.75 on Wednesday—125% above its initial offer price of $31. The company raised $382.8 million through the sale of nearly 12.4 million shares in an upsized initial public offering (IPO). This launch signals growing investor interest in the space and defence industries.…
World Bank Cuts Global Growth Outlook as Trade Tensions Rise The World Bank has lowered its global growth forecast for 2025 to 2.3%, down by 0.4 percentage points. The downgrade reflects the growing economic impact of trade tensions, higher tariffs, and increased uncertainty, which are affecting economies worldwide. Widespread Forecast Downgrades In its Global Economic Prospects report, the World Bank reduced growth projections for nearly 70% of countries. This includes major economies like the US, China, and members of the European Union. The bank also cut forecasts across six key emerging market regions. Trade tensions have played a central role…
ChatGPT Suffers Global Outage, Users Face Access Issues ChatGPT experienced an unexpected outage on Tuesday, 10 June, leaving users worldwide unable to access the AI platform through its website or app. The disruption triggered widespread complaints, particularly on social media. Users Report Network Errors During Downtime Between 12:30 pm and 3:30 pm IST, over 860 reports were logged on Downdetector, indicating that users were encountering problems accessing the service. Many received a “Network error occurred” message when trying to interact with the chatbot. The incident sparked a wave of reactions on X (formerly Twitter), where users shared screenshots and expressed…
Technical Setbacks in Apple AI Innovation Apple is grappling with growing challenges on both technical and regulatory fronts as key executives prepare to address its annual software developer conference this Monday. A major concern is the delay of several artificial intelligence (AI) features that were promised a year ago. While rivals like Google and Microsoft have actively introduced new AI tools, Apple’s progress has lagged behind. One major delay is the improvement of Siri, Apple’s digital assistant. Although the company has launched some AI tools—such as writing aids and image generators—many core features have been postponed until next year. Apple…