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Archive: 2025-03-06 (456) - Page 7/10 (50)

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'Gamestop Effect': Retail Traders Seen Behind Eutelsat's 650% Surge

Eutelsat's shares have experienced an astounding increase of nearly 650% over four days, largely attributed to retail traders engaging in a short squeeze reminiscent of the Gamestop phenomenon. The surge in stock price has been driven by speculation that Eutelsat could potentially replace Elon Musk's Starlink in providing internet access to Ukraine, following geopolitical tensions. Analysts suggest that this rally reflects not only the influence of retail investors but also a reaction to broader shifts in global politics, emphasizing the volatility of the market.

Canada's Trade War with US Hits Liquor Industry Hard

Canadian provinces' decision to remove US-made alcohol from store shelves in response to US trade policies has been described as "worse than tariffs" by the boss of Jack Daniel's maker Brown-Forman, highlighting the significant impact on the liquor industry. The move is a retaliation for US tariffs on Canadian goods, with Ontario, the most populated province, taking action this week. The removal of US-made alcoholic drinks from shelves has led to a loss of sales and revenue for manufacturers like Brown-Forman.

Trailmakers Creative Lead Discusses New Update Pioneers

Flashbulb Games is set to release the 2.0 update, Trailmakers: Pioneers, on March 6th, after nearly two years of development led by creative lead Christian Laumark. This update introduces a new survival crafting game mode, transforming the gameplay by incorporating resource gathering, missions, and combat elements, catering to both new players and long-time fans. Laumark emphasizes that the update represents the beginning of a new chapter for Trailmakers, with plans for ongoing content and player feedback integration.

Pope Francis's Health Update Raises Questions About Long-Term Prognosis

Pope Francis, 88, has been in hospital for almost three weeks battling double pneumonia and is now in stable condition, doing some physical therapy. Despite his stable condition, the pontiff's prognosis remains "guarded," meaning he is not yet out of danger. The Vatican has continued to provide updates on the pope's health, including his respiratory physiotherapy and oxygen treatment.

Syria Gets New Cash Shipment From Russia in Sign of Warming Ties

Syria received a new shipment of its local currency printed in Russia on Wednesday, marking a new sign of improving ties between Moscow and Syria's new rulers. The cash arrival is expected to be followed by further shipments, with the Syrian government official stating that more deliveries were anticipated in the future. The development comes as Damascus' previous contract with a subsidiary of the Austrian central bank was terminated due to European sanctions.

The Finance Industry Risks Being Left Behind in the AI Race

Finance teams are falling behind in their adoption of AI, with only 27% of decision-makers confident about its role in finance and 19% of finance functions having no planned implementation. The slow pace of AI adoption is a danger, defined by an ever-widening chasm between those using AI tools and those who are not, leading to increased productivity, prioritized work, and unrivalled data insights.

Turkey Ready to Send Troops to Ukraine if Necessary, Source Says

Turkey, with its second largest army in NATO after the United States, could contribute to a potential peacekeeping mission in Ukraine, a Turkish defence ministry source said on Wednesday. The source stated that discussions on a Turkish deployment remained conceptual and emphasized that initial deployments would involve non-combatant units to monitor a ceasefire. Turkey has maintained cordial relations with both Russia and Ukraine throughout their war, though it is historically a rival of Moscow.

Microsoft Warns of Chinese Hackers Targeting Cloud Apps to Steal Business Data

Microsoft's Threat Intelligence has identified a new tactic from Chinese threat actor Silk Typhoon towards targeting "common IT solutions" such as cloud applications and remote management tools in order to gain access to victim systems. The group has been observed attacking a wide range of sectors, including IT services and infrastructure, healthcare, legal services, defense, government agencies, and many more. By exploiting zero-day vulnerabilities in edge devices, Silk Typhoon has established itself as one of the Chinese threat actors with the "largest targeting footprints".

HP's New Elitebook Laptop Is Lightning Fast and Travel Ready, but Can't Go the Distance

The HP Elitebook X G1a impresses with its robust performance, vibrant OLED display, and a comfortable keyboard, making it a strong contender in the premium business laptop segment. However, its battery life falls short of expectations, limiting its appeal for on-the-go professionals who require longer usage between charges. Despite its high price tag, the laptop's advanced connectivity options and solid build quality position it as a viable choice for business leaders seeking reliability and speed.

Bluetooth 6 Arrives: Meet Its Powerful Next-Gen Features

Bluetooth 6.0 is the latest update to the wireless technology, bringing exciting new features that enhance user experience and performance. The new standard introduces Channel Sounding, which enables precise location of Bluetooth devices, and Isochronous Adaptation Layer (ISOAL), which optimizes data packet transmission for reduced latency. Additionally, Bluetooth Extended Advertising improves scanning efficiency and security.

Defence Surge Could Help Jumpstart Europe's Flat Economy

A defence spending surge could provide an initial boost to Europe's sluggish economy, but its long-term impact is uncertain and dependent on various factors. The surge in funding may stimulate the region's ailing industry and technological base, particularly if governments invest in domestic production and research and innovation. However, the benefits are likely to be limited by the complex nature of defence projects and the fragmentation of Europe's defence industries.

Global eSIM Shipment Volume Surpasses Half a Billion Units as Demand Keeps on Growing

The global eSIM market has experienced significant growth, with shipments reaching 503 million units in 2024, representing a 35% year-on-year increase. This surge in demand is attributed to the increasing adoption of eSIMs for international travel, resulting in a 56% rise in eSIM profile downloads. The improved economic landscape and advancements in smartphone technology have also contributed to the growth of eSIM sales.

LG QNED Mini-LED TV Could Finally Compete with Samsung and TCL

LG's latest QNED mini-LED TV shows significant improvement over last year's model, addressing key issues such as backlight control and image balance. The new set delivers a more natural picture with better contrast, colors, and textures compared to its predecessor. While it may not outshine the brightest options in terms of brightness, LG has opted for balance, resulting in a worthwhile compromise that could finally make its mini-LED TVs competitive.

Exclusive: Trump Plans to Revoke Legal Status of Ukrainians Who Fled to US

The Trump administration is set to revoke temporary legal status for approximately 240,000 Ukrainians who escaped the conflict with Russia, potentially leading to expedited deportation for these individuals. This decision represents a significant shift from the protections offered under the Biden administration and is part of a broader initiative to dismantle various humanitarian parole programs. As a result, many migrants, including Ukrainians and Afghan allies, now face increasing uncertainty regarding their legal standing and future in the United States.

Last-Minute AMD RX 9070 XT Stock Rumors Are Making Me Hopeful for a Much Better Launch Than Nvidia’s

A UK retailer has reported substantial stock levels of AMD's RX 9070 XT graphics cards ahead of its launch, indicating a promising availability compared to Nvidia's recent struggles with supply. With over 4,000 units, primarily from Sapphire, the retailer expects this stock to last beyond the initial launch period, though prices are anticipated to rise after the first few hundred units. While the lower MSRPs are encouraging, the reliance on third-party retailers for pricing could lead to a quick disappearance of budget options, potentially mirroring Nvidia's recent launch experience.

Samsung Galaxy Watch 7 Deal Sparks Excitement Among Smartwatch Enthusiasts

The Samsung Galaxy Watch 7 is now available for as low as $129.99 through a tempting trade-in deal, making it an attractive option for those looking to upgrade their smartwatch without breaking the bank. This offer combines a $70 discount with an extra $200 rebate on eligible trade-ins, such as select Samsung, Apple, Fitbit, and Garmin wearables. The Galaxy Watch 7 boasts a sleek design, AI-powered wellness features, and improved performance, making it a top choice for those seeking a futureproof fitness watch.

Anti-Trump Activists Target Elon Musk's Tesla Brand to Protest DOGE Cuts

A grassroots movement has emerged, with approximately 350 demonstrators protesting outside Tesla dealerships to voice their discontent over Elon Musk's involvement in significant federal job cuts. Organizers are urging the public to boycott Tesla, aiming to tarnish its brand image and impact Musk financially due to his controversial role in the Trump administration. This activism highlights the intersection of corporate branding and political sentiment, as Tesla, once celebrated for its environmental focus, is now perceived as a symbol of the current administration’s policies.

Modern Slavery Cases in Britain Reach Record High

The number of potential modern slavery victims in Britain surged to a record 19,125 referrals in 2024, reflecting a concerning trend that experts argue necessitates urgent governmental policy reform. This increase highlights the complex nature of modern slavery, encompassing human trafficking and forced labor across various sectors, with British nationals comprising the largest group of identified victims. Calls for a comprehensive strategy to combat this crime are growing, emphasizing the need for stronger enforcement of labor laws and a reevaluation of immigration policies that may inhibit victims from seeking help.

Console Launch Delayed for FragPunk Due to Technical Challenges

FragPunk, an upcoming first-person shooter, has received a last-minute console delay due to unexpected technical challenges in optimization and adaptation. The game, previously set to release on PC, PlayStation 5, Xbox Series X, and Xbox Series S on March 7, will now take longer to arrive on console platforms. Console players will receive compensation for their pre-orders, including rewards gained via engagement and a full refund.

US Mulls Plan to Disrupt Iran's Oil by Halting Vessels at Sea

The Trump administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction, potentially delaying delivery of crude to refiners and exposing parties involved in facilitating the trade to reputational damage and sanctions. The move could have significant implications for Iran's economy, which relies heavily on oil exports for revenue. If successful, the plan could also set a precedent for other countries to take similar action against Iranian oil shipments.

Investors Question 'Trump Put' As Tariffs Rattle Stock Markets

Investors are reassessing the reliability of the so-called "Trump put," which previously suggested that President Trump's policies would sustain stock market prices, as his recent tariff actions create uncertainty. The shift in focus towards bond markets, combined with declining consumer confidence, indicates a potential pivot in the administration's economic strategy that may not favor equity markets as strongly as before. As tariffs create volatility and investor apprehension grows, some remain hopeful that these measures are merely negotiating tactics rather than long-term economic threats.

Ukrainians in US Face Uncertain Future as Politics Shifts Abroad

The Trump administration's plan to revoke the legal status of some 240,000 Ukrainians who fled to the U.S. during the war has sparked controversy and raised concerns about the treatment of asylum seekers. The White House's decision to pause intelligence sharing with Kyiv has also added to tensions between Washington and Moscow. Meanwhile, Mexico's judicial elections have been dominated by cartel influence, raising questions about the independence of the judiciary.

The Fed Faces Stagflation Conundrum

The Federal Reserve is grappling with a unique challenge as inflation and economic slowdown converge, forcing it to balance between rate cuts that ease growth concerns and addressing price increases fueled by tariffs. Chair Jerome Powell's dual mandate of maintaining maximum employment and keeping prices stable has become increasingly complicated, with the Fed's next move uncertain. The central bank's actions will have far-reaching implications for the economy, markets, and the administration's policies.

Norway Should Raise Ukraine Aid, Defence Spending, Says PM

Norway aims to boost financial aid to Ukraine significantly and also raise its own defence spending at a time of heightened global uncertainty, Prime Minister Jonas Gahr Stoere of the ruling Labour Party told parliament on Thursday. The country has seen soaring income from gas sales to Europe as a result of Russia's 2022 Ukraine invasion, and faces pressure at home and abroad to boost its aid. Norway has already agreed to spend 35 billion crowns ($3.22 billion) on military and civilian support for Ukraine in 2025.

FTSE 100 LIVE: London Lower as Pound Heads Above $1.29 and Traders Look to ECB Interest Rate Decision

The FTSE 100 Index opened lower amid fluctuating market conditions, with the pound making gains against the dollar as it surpassed the $1.29 mark. Market participants are closely monitoring U.S. President Trump's temporary suspension of tariffs on automakers, which has led to mixed reactions across European markets, with automakers experiencing a rally. As traders anticipate a potential interest rate cut by the European Central Bank, sentiment remains cautious amid broader economic uncertainties.

AMD Image Reconstruction Tech Takes Leaping Steps Forward in FSR 4

FSR 4, the newest version of AMD's image reconstruction tech, is a considerable improvement over its predecessor. According to recent testing, FSR 4 can go toe-to-toe with Nvidia DLSS CNN model and can even trump the latest DLSS Transformer model in some instances. The machine-learning enabled FSR 4 resolves most of the issues plaguing its predecessors, including ghosting in particle effects and pixelization issues.

Stock Market Today Pulls Back From Rally Fueled by Tariff Hopes

US stock futures sank on Thursday, pulling back from the previous day's rally as investors weighed how far President Donald Trump is willing to negotiate on tariffs. The Dow Jones Industrial Average futures fell 0.6%, while S&P 500 futures dropped 0.7%. Contracts on the tech-heavy Nasdaq 100 paced the declines, down about 1%. Shares of retail giants Macy's and Kroger will report earnings before the market opens, while Costco and Gap will share their results after the bell.

Allegro MicroSystems Board Deems ON Semiconductor's $6.9B Offer 'Inadequate'

Allegro MicroSystems has rejected ON Semiconductor's acquisition proposal of $35.10 per share, citing it as inadequate despite representing a 57% premium over its recent trading price. The board's decision comes after consultations with independent financial and legal advisors, indicating a potential strategic divergence between the two companies. ON Semiconductor has been persistent in its outreach, having increased its initial offer in hopes of aligning with Allegro's valuation expectations.

JD.com Beats Quarterly Revenue Estimate on Robust Demand

JD.com exceeded market expectations for quarterly revenue, driven by deep discounts and price cuts that encouraged customers to spend. The company's strong year-end sales were fueled by a surge in consumption sentiment, with CEO Sandy Xu expressing optimism for 2025. China's e-commerce leader JD.com reported double-digit growth in key metrics, including quarterly active users and shopping frequency.

Salesforce Gives AI Agents the Power to Be Proactive and Autonomous Like Never Before

Salesforce has introduced significant upgrades to its AI platform with Agentforce 2dx, enabling AI agents to operate autonomously and respond dynamically to real-time business needs. This evolution is positioned to help companies address the skills shortage by automating tasks, enhancing efficiency, and integrating seamlessly with existing data systems. Additionally, Salesforce launched AgentExchange, a marketplace for sharing pre-made templates, further empowering businesses to leverage these advanced AI capabilities.

TSMC's CEO Says US Investment Driven by Customer Demand

TSMC's CEO C.C. Wei announced that the company's expansion in the United States is primarily driven by significant demand from U.S. customers, with production lines already fully booked for the next two years. The company's recent $100 billion investment plan will not detract from its ongoing expansion efforts in Taiwan, where it plans to build 11 new production lines this year to meet rising global demand. This strategic move highlights TSMC's role as a key player in the semiconductor industry while addressing concerns about over-reliance on Taiwan amid geopolitical tensions.

Starlink Satellite Internet Prices Plummet in Select US States

The Starlink Standard dish is now available to new users in 27 US states at a significantly lower price of $149, thanks to SpaceX's Regional Savings program. This offer is valid for Starlink Standard service plans and will expire on March 31. The discounted price is the lowest seen since January 2024, when the V4 dish was first introduced.

Poundland Could Be Put Up for Sale as Taxes Rise, Owner Says

The UK's largest discount retailer, Poundland, is facing significant financial pressure due to rising tax costs, with its owner Pepco Group considering a potential sale of the business. The discount chain has seen sales decline in recent months, and the upcoming tax changes will add further pressure on its cost base. As part of its plans, Pepco Group is looking at ways to separate itself from Poundland and focus on its more profitable higher clothing and general merchandise ranges.

Where to Buy AMD Radeon RX 9070 XT and RX 9070: These Are the Best Retailers in the US and UK

AMD's new graphics cards, the RX 9070 and RX 9070 XT, are generating significant interest, with various retailers in the US and UK preparing for sales. Key US retailers such as Best Buy and Micro Centre have already listed stock, while UK retailer Overclockers has confirmed availability, suggesting a more robust launch compared to previous GPU releases. As anticipation grows, consumers are advised to act quickly, especially on competitively priced models, as the demand for these cards is expected to be high.

UK Quietly Scrubs Encryption Advice From Government Websites

The U.K. government has removed recommendations for encryption tools aimed at protecting sensitive information for at-risk individuals, coinciding with demands for backdoor access to encrypted data stored on iCloud. Security expert Alec Muffet highlighted the change, noting that the National Cyber Security Centre (NCSC) no longer promotes encryption methods such as Apple's Advanced Data Protection. Instead, the NCSC now advises the use of Apple’s Lockdown Mode, which limits access to certain functionalities rather than ensuring data privacy through encryption.

Middle East Oil Market Dynamics Shift with ADNOC's Participation

ADNOC has conducted its first trades using S&P Global Platts' pricing process for Middle East benchmark Dubai crude oil, marking a rare move by a major oil producer to participate in setting prices for crude produced in its own region. The trades were part of the 42 partials traded during the Platts Market on Close process, with ADNOC buying two partials from BP and Trafigura at $70.25 a barrel each. This development underscores the increasing importance of price discovery mechanisms in the Middle East oil market.

Bitcoin Could Move $5K After White House Crypto Summit; ETH and SOL Volatility Likely: STS Digital

Analysis from STS Digital indicates that options pricing on Deribit anticipates a potential $5,000 price swing for Bitcoin (BTC) following a White House crypto summit hosted by President Donald Trump, where key industry players will gather. The summit may lead to announcements about a strategic Bitcoin reserve, which could significantly impact market volatility for BTC, Ethereum (ETH), and Solana (SOL). Traders are preparing for a turbulent weekend, as implied volatility for options suggests substantial price fluctuations following the event.

Fast Charging on the Rise for Oppo Find X8 Ultra

The Oppo Find X8 Ultra is expected to be a significant player in the camera flagship market with its fast charging capabilities and quad-camera setup. The phone's product manager, Zhou Yibao, has recently confirmed that it will feature 100 W wired fast charging support, which can charge the battery from 0% to 100% in just 35 minutes. This upgrade is a notable improvement over its predecessor, the Find X7 Ultra.

German Lawmakers Set Timetable in Race for Borrowing Bonanza

German lawmakers are set to debate a 500-billion-euro infrastructure fund and significant changes to state borrowing rules aimed at boosting defense spending and economic growth, with votes scheduled before the formation of a new parliament. The proposed reforms reflect a dramatic shift from Germany's traditional fiscal conservatism, driven by increasing geopolitical tensions and a perceived need for improved national security. However, these measures face potential roadblocks from far-right and radical-left factions that may gain more influence in the newly elected parliament.

Sweden Contributes Fighter Jets to NATO in Poland

NATO's newest member Sweden plans to contribute fighter jets to the defence alliance's air policing in Poland, Foreign Minister Maria Malmer Stenergard said on Thursday. A Swedish government proposal aims to participate in NATO air policing and protect logistics operations for support to Ukraine in Poland. This move marks a significant step forward in strengthening Sweden's military ties with NATO.

Kremlin Blasts 'Confrontational' Macron Speech on Russian Threat, Nuclear Weapons

French President Emmanuel Macron's speech calling Russia a threat to Europe and suggesting Paris would consider putting other countries under its nuclear protection has been condemned by the Kremlin as highly confrontational. The Russian government accused Macron of omitting important facts and failing to acknowledge Russia's legitimate concerns about NATO's eastwards expansion towards its borders. Macron also proposed extending France's nuclear arsenal protection to other European countries, which was seen as a "claim to nuclear leadership in Europe" by the Kremlin.

Kremlin Says Rubio's View of Ukraine Conflict as a US-Russia Proxy War Matches that of Putin

U.S. Secretary of State Marco Rubio has aligned himself with Russian President Vladimir Putin in his assessment of the Ukraine conflict, with both viewing it as a proxy war between the United States and Russia. The Kremlin's endorsement of Rubio's views suggests a significant shift in the U.S. approach to the conflict, potentially underscoring Moscow's efforts to isolate Washington internationally. However, the implications of this alignment remain unclear, particularly for Ukraine and the European Union.

Walmart Asks Chinese Suppliers for Price Cuts on Trump Tariffs

Walmart has asked some Chinese suppliers to lower their prices by as much as 10% per round of tariffs, likely shouldering the full cost of President Donald Trump's duties. The retailer's efforts to shift the burden of Trump's tariffs have faced strong push back from firms in the Asian nation. Suppliers' margins are already razor thin due to Walmart procuring goods cheaply in order to maintain its competitive advantage.

Scranton's Military Aid Role Under Threat

The US city of Scranton, Pennsylvania, has played a small but significant role in supporting Ukraine during the ongoing conflict, with its ammunition plant manufacturing artillery rounds for the country's military. However, President Donald Trump's pause on military aid and intelligence sharing for Ukraine has left the war-torn country's residents uncertain about their futures, and rattled America's European allies. The Scranton Army Artillery Plant, which produces large-calibre metal projectiles, is facing an uncertain future as its role in geopolitics could be winding down.

The Rise of AI-Generated Code in Startups

A quarter of the latest cohort of Y Combinator startups rely almost entirely on AI-generated code for their products, with 95% of their codebases being generated by artificial intelligence. This trend is driven by new AI models that are better at coding, allowing developers to focus on high-level design and strategy rather than mundane coding tasks. As the use of AI-powered coding continues to grow, experts warn that startups will need to develop skills in reading and debugging AI-generated code to sustain their products.

BP's CEO Pay Package Falls to 5.4 Million Pounds

BP's CEO Murray Auchincloss earned a reduced pay package of 5.4 million pounds ($6.95 million) last year, down from 8 million pounds in 2023, according to the group's annual report. The decline reflects a significant drop in profits for the year at $8.9 billion, which is 35% lower than the previous year. This decrease has also led to pressure on the company to strengthen its oil and gas business amid concerns from activist investor Elliott Investment Management.

The Rise of Google's AI Mode in Search: A New Frontier in Information Synthesis

Google's AI Mode offers reasoning and follow-up responses in search, synthesizing information from multiple sources unlike traditional search. The new experimental feature uses Gemini 2.0 to provide faster, more detailed, and capable of handling trickier queries. AI Mode aims to bring better reasoning and more immediate analysis to online time, actively breaking down complex topics and comparing multiple options.

Invincible Season 3 Episode 7 Ending Explained: Who Dies, Who Plays Conquest, Who Is Ka-Hor, and More

The penultimate episode of Invincible's third season has left fans reeling with its devastating portrayal of The Invincible War. The show's dark and destructive chapter has confirmed what was expected since the start of season three, but still manages to exceed expectations. As the war rages on, Invincible Prime is forced to confront his arch-nemesis Angstrom Levy, who unleashes 18 multiversal variants of Mark Grayson/Invincible on the Earth that the titular character inhabits.

The Semiconductor Industry's Next Power Struggle

Onsemi has disclosed a $6.9 billion unsolicited bid to acquire Allegro Microsystems Inc., valuing the company at its current market capitalization including debt. The semiconductor firm, Onsemi, is offering $35.10 per share for Allegro, up from a previous proposal of $34.50, as it seeks to expand its product portfolio and strengthen its position in the industry. Allegro's advanced semiconductors are used in various applications, including automotive, industrial, and cloud computing sectors.

AI Takes Center Stage as Alibaba Drives Shares Higher

Alibaba Group's release of an artificial intelligence (AI) reasoning model has driven its Hong Kong-listed shares more than 8% higher on Thursday, outperforming global hit DeepSeek's R1. The company's AI unit claims that its QwQ-32B model can achieve performance comparable to top models like OpenAI's o1 mini and DeepSeek's R1. Alibaba's new model is accessible via its chatbot service, Qwen Chat, allowing users to choose various Qwen models.