Business

Space startup funding holds near record highs as SpaceX IPO draws new investors

Thursday, July 16 by SRN News

By Akash Sriram July 16 (Reuters) - Global investment in space startups was near record levels in the second quarter, buoyed by investor enthusiasm following SpaceX's nearly $86 billion initial public offering, according to a Seraphim Space report on Thursday. The landmark listing has broadened investor... Read More.

Explainer-What are leveraged ETFs and how are they driving the AI rally?

Thursday, July 16 by SRN News

By Gregor Stuart Hunter SINGAPORE, July 16 (Reuters) - Exchange-traded funds have been a fixture of financial markets since the 1990s as a popular low-cost way for investors to buy baskets of stocks and trade them like shares on a brokerage account. Leveraged ETFs, which promise... Read More.

UK nationalizes Chinese-owned British Steel to protect nation’s steelmaking capacity

Thursday, July 16 by SRN News

LONDON (AP) - The U.K. government has nationalized British Steel to protect the nation's steelmaking capacity after the company's Chinese owners moved to shut the plant's blast furnaces. The Department for Business and Trade announced the move on Thursday, saying it would save thousands of... Read More.

Fujitsu and leading Japanese robotics companies to use Nvidia technology in ‘physical AI’

Thursday, July 16 by SRN News

TOKYO (AP) - Japanese communications company Fujitsu is leading a major push in artificial intelligence using Nvidia's technology, bringing together what it said was the best in Japan's manufacturing prowess in robotics with AI. The technology area known as "physical AI" refers to smart, futuristic... Read More.

SpaceX selloff an ominous sign as lockup expiry looms

Thursday, July 16 by SRN News

By Noel Randewich July 16 (Reuters) - The dip in SpaceX's shares below its blockbuster IPO price of $135 a share is an ominous sign for Elon Musk's internet and rocket company as it faces more potential volatility in early August, when the number of... Read More.

Airbus picks Iliad’s Scaleway for AI, defence work in sovereignty push

Thursday, July 16 by SRN News

By Leo Marchandon and Gianluca Lo Nostro July 16 (Reuters) - Airbus said on Thursday it had signed a multi-year agreement with Iliad-owned Scaleway to provide cloud infrastructure for sensitive industrial and defence applications, supporting the deployment of AI tools developed with French startup Mistral. The... Read More.

China’s rare earth curbs endanger $6.5 trillion of Western industry, IEA says

Thursday, July 16 by SRN News

LONDON, July 16 (Reuters) - The full implementation of China's rare earth export restrictions could put $6.5 trillion of downstream production outside the country at risk, the International Energy Agency warned on Thursday. China, the world's largest producer of rare earths, expanded export controls in... Read More.

US imposing a 25% tariff on some Brazilian imports starting July 22, citing unfair trade practices

Thursday, July 16 by SRN News

WASHINGTON (AP) - The United States is imposing 25% tariffs on imports from Brazil after finding a range of what it deemed unfair trade practices by the world's 10th-biggest economy. The tariffs, which were first proposed last month, will take effect July 22. The order exempts... Read More.

Analysis-Iran war leaves crisis-weary European airlines ready for a shakeout

Thursday, July 16 by SRN News

By Joanna Plucinska, Tim Hepher and Alessandro Parodi LONDON, July 16 (Reuters) - As renewed conflict in the Gulf drives up oil prices, airline investors and industry executives see mounting signs that Europe's financially weaker carriers may be headed for a shakeout. British budget carrier... Read More.

Asian shares mostly decline with South Korea’s Kospi down 6.6%, while oil prices slip

Thursday, July 16 by SRN News

HONG KONG (AP) - Asian shares were mostly lower Thursday and oil prices slipped despite a flurry of strikes between the U.S. and Iran. U.S. futures edged higher. Selling of AI-related shares weighed on benchmarks in South Korea and Japan. An interest rate hike by... Read More.

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Current Weather

Space startup funding holds near record highs as SpaceX IPO draws new investors

Explainer-What are leveraged ETFs and how are they driving the AI rally?

UK nationalizes Chinese-owned British Steel to protect nation’s steelmaking capacity

Fujitsu and leading Japanese robotics companies to use Nvidia technology in ‘physical AI’

SpaceX selloff an ominous sign as lockup expiry looms

Airbus picks Iliad’s Scaleway for AI, defence work in sovereignty push

China’s rare earth curbs endanger $6.5 trillion of Western industry, IEA says

US imposing a 25% tariff on some Brazilian imports starting July 22, citing unfair trade practices

Analysis-Iran war leaves crisis-weary European airlines ready for a shakeout

Asian shares mostly decline with South Korea’s Kospi down 6.6%, while oil prices slip

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