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22. Juli 2024 um 23:55

iPhone 17 Line-Up Unveiled: What's New?

The iPhone 17 series introduces the Slim/Ultra flagship with a 6.65-inch display and $1299 base price. Alongside, the iPhone 17 and 17 Pro offer a 6.27-inch LTPO OLED display with an Always-on feature, while the Pro Max boasts a 6.86-inch LTPO display. Pro models pack 12GB RAM and 48MP cameras. Set to launch in September 2025, the lineup showcases cutting-edge technology and sleek design. Apple aims for a thinner, lighter design trend, starting with the 5.1mm iPad Pro 2024, culminating in the ultra-thin and premium iPhone 17 Slim model, promising a luxurious experience for users in 2025.
22. Juli 2024 um 23:55

Nvidia's Strategic Move: Developing China-Version AI Chips to Navigate Restrictions

In response to increasing US export restrictions, Nvidia collaborates with Inspur to create a China-specific AI chip, slated for a Q2 2025 release. Facing competition from Huawei and Tencent, Nvidia's China revenue share dropped from 26% to 17%. The upcoming B20 chip is a revised model to comply with regulations and will offer reduced power and precision. Despite challenges, Nvidia remains dedicated to the Chinese market, essential to its global presence.
22. Juli 2024 um 19:55

Analysts Revise Price Targets Ahead of Q2 Earnings

Robotaxi in San Francisco
Tesla stock surges on strong Q2 deliveries, but analyst sees potential near-term headwinds. Google parent adds market value on AI dominance. Tesla's margins likely dipped in Q2; robotaxi and AI ventures in focus. Palantir shares down in premarket trading. Analysts raise price targets ahead of Amazon's Q2 report. Apple shares reach record high, analysts upgrade price targets. Nvidia stock gets price-target hikes as shares test key support level. Tesla reverses layoffs, plans to unveil Q2 earnings. Investors count on strong Q2 results to calm recent tech stock rout. Analyst puts Nvidia stock on watch, highlights new China chip.
22. Juli 2024 um 19:55

The Unprecedented Shake-up in the US Election Campaign

The Unprecedented Shake-up in the US Election Campaign
After US President Joe Biden announced his decision not to seek re-election, the Democratic Party is scrambling to consolidate behind his likely successor, Kamala Harris. While Harris is favored to secure the nomination, she faces rivals within her party as Democrats seek to avoid the appearance of a coronation. Republicans, on the other hand, quickly pivoted to attack Harris and are grappling with their own challenges. The immediate task for Democrats is to navigate the succession process, including the transfer of funding and delegates earmarked for Biden over to Harris or another candidate. This situation is unprecedented as no sitting US president has dropped out of a race this late in the election cycle. The selection process for the Democratic nominee may involve a convention, which could become messy if heated competition breaks out. If Harris becomes president, it is expected that she will maintain Biden's foreign policies, including tough talk and action toward China. However, she will need to overcome her reputation as a loyal but unexceptional vice-president and distinguish herself from Democratic rivals. Overall, the US election campaign is entering a new phase, with Harris now at the center of attention and both parties facing challenges in the race for the White House.
22. Juli 2024 um 14:59

China's Housing Sector Faces Challenges Despite Possible Rescue Measures

China's housing sector is facing ongoing challenges despite possible rescue measures. The sector has implemented reforms including changes in financing, presale, and property tax. Additionally, 300 billion yuan has been allocated to address excess inventory. However, weak demand, falling prices, and a 4.7% Q2 GDP growth, along with Goldman's GDP contribution cut, indicate the difficulties the sector is facing. The impact of these challenges on the real economy may take years to fully manifest. China's central bank has also taken measures to combat the economic slowdown by cutting key rates to record lows. However, these monetary policies alone may not be sufficient to address the crisis in the housing sector. The sector's struggles are further exacerbated by high levels of debt in local governments and the fact that the previous construction boom was fueled by borrowing. In addition, China's Third Plenum has announced reforms aimed at reducing systemic risks related to real estate, local debt, and financial issues. However, experts believe that these measures are unlikely to fully solve China's entrenched economic challenges. The country's large production capacity, weak domestic demand, and rising global protectionism also pose additional obstacles to economic recovery. China's rural land reform, on the other hand, is seen as a potential solution to address the rural-urban income gap and support the goal of common prosperity. The reform allows farmers to commercially utilize their homes through renting, shareholding, and cooperation, which helps in boosting their incomes. It also aims to integrate migrant workers by safeguarding their rural property rights. The implementation of the reform will require legislation to break down restrictions on using rural property as collateral for loans and allow commercial use of homes owned by village collectives to support urbanization.
22. Juli 2024 um 14:59

Developments in AI Chip Stocks: Taiwan Semiconductor, Nvidia, AMD, Alibaba, Chinese EV Stocks, and Chip Equipment Companies

Last week, stocks of Taiwan Semiconductor, Nvidia, and AMD fell due to various factors such as Biden's withdrawal from the 2024 race, U.S. sanctions on China's semiconductor industry, and Trump's suggestion that Taiwan should compensate the U.S. for defense. Nvidia is developing a new AI chip 'B20' to meet U.S. export restrictions for China, while China lowered key interest rates, benefiting the AI chip market. However, China faces economic challenges, including weak growth and deflation. Chinese stocks like Alibaba, Baidu, JD.com, PDD, and Bilibili also experienced gains and losses. Israeli chip inspection firms Camtek and Nova saw stock declines amid US-China tensions, while Tower Semiconductor was less affected. Chinese EV stocks Nio, Xpeng, and Li Auto saw gains. Nvidia is also preparing a China-compatible version of its new Blackwell AI chip series with partner Inspur.
22. Juli 2024 um 09:00

Unrest in Bangladesh: Sheikh Hasina's Rule in Jeopardy

Demonstranten, die gegen die Quotenregelung protestieren, und Studenten, die die Regierungspartei Awami League unterstützen, geraten am 16. Juli 2024 in Dhaka aneinander.
Protests against government job quotas in Bangladesh have evolved into a widespread anti-Hasina movement, fueled by the Prime Minister's remarks. This turmoil has resulted in violent confrontations, casualties, and global protests by the diaspora. The student wing of the Awami League, the BCL, has been expelled from campuses, leaving the main opposition, the BNP, unable to mount a challenge. The Student Alliance of Bangladesh is calling for Hasina's resignation and the dissolution of parliament, with ongoing demonstrations despite a Supreme Court ruling partially meeting their demands. Facing high youth unemployment, a financial crisis, loan denials from China, and the risk of remittance withdrawals, Bangladesh's government has imposed strict measures like curfews, shoot-at-sight orders, and communication shutdowns. Additionally, the persecution of Bangladeshi Nobel laureate Muhammad Yunus is viewed as a political vendetta by analysts, suggesting a tumultuous period for Sheikh Hasina's administration.
22. Juli 2024 um 05:50

China and US Consider Rate Cuts to Boost Economy

China's central bank has lowered key interest rates in an effort to support its struggling economy, with further cuts expected as the US Federal Reserve enters a rate cut cycle. The move aims to encourage banks to provide more loans and tackle issues such as a weak real estate sector, low consumer spending, high youth unemployment, and geopolitical tensions. Meanwhile, in the US, former Fed vice-chair Clarida predicts three rate cuts this year as inflation cools, potentially attracting investors with attractive fixed-income returns and reduced currency hedging costs. However, unexpected factors like inflation, economic slowdowns, or geopolitical risks could influence the rate cuts. In the UK, the property market is showing signs of growth as buyers anticipate interest rate cuts and lower mortgage rates. This has led to increased interest from Hong Kong and mainland Chinese buyers, although new tax measures and non-domiciled tax schemes may impact investors. Other factors influencing the market include inflation, home prices, housing demand, and potential political changes such as the Labour Party's proposed tax on private school fees.
22. Juli 2024 um 05:50

Stock Market Today: Asian shares fall after Wall St ends worst week; Biden withdraw from 2024 race

Stock Market Today: Asian shares fall after Wall St ends worst week; Biden withdraw from 2024 race
Asian stocks fell after Biden's withdrawal from the 2024 race, while China cut rates and a global tech outage affected flights, banks, and healthcare. CrowdStrike was blamed for the tech outage, but rivals gained. US futures remained flat, while oil prices rose. The Nikkei was down 1.3%, the Hang Seng was up 0.8%, and the Shanghai was down 0.7%. Meanwhile, the dollar edged lower following Biden's exit, and investors assessed the impact of his departure and the endorsement of Vice President Kamala Harris. Trump's comments on Taiwan rattled global markets, leading to a slump in tech stocks, including Taiwan Semiconductor, ASML, Nvidia, AMD, and Micron. The S&P 500 and Dow also indicated a decline. Johnson & Johnson's earnings beat expectations, but the company trimmed its profit forecast. The stock market faced a summer slump as the tech rally faded, and political risks rose.
22. Juli 2024 um 05:50

Global IT Chaos: CrowdStrike Outage Impacts Airlines, Hospitals, and Businesses Worldwide

Global IT Chaos: CrowdStrike Outage Impacts Airlines, Hospitals, and Businesses Worldwide
A CrowdStrike software glitch caused havoc globally, disrupting airlines, hospitals, media, trading, banking, and emergency services. Despite the outage, the incident was not a cyberattack, according to CrowdStrike's CEO. The stock plunge led to concerns about CrowdStrike's reputation and financial impacts, while competitors like SentinelOne and Palo Alto Networks benefited. Flight cancellations at major airlines like Delta and United were a result of the IT outage, which originated from a Microsoft system failure due to a CrowdStrike cybersecurity update. Passengers were left stranded, with uncertainty looming over when operations would normalize.
21. Juli 2024 um 23:55

Kamala Harris' Views on Crypto and the 2024 Election

Kamala Harris, the US Vice President and California native, has not taken a firm stance on crypto. With Donald Trump shifting towards a pro-crypto position and planning to speak at the Bitcoin Conference, Harris may face challenges if they compete in the 2024 election. Harris is likely to continue Biden's policies, as her donors and supporters come from his camp. However, her financial disclosure reveals no digital assets, and she has expressed caution towards AI, which could signal a dismissal of crypto. The upcoming race against Trump, whose VP pick JD Vance may signal a new era for crypto, could be decided by narrow margins. As her campaign unfolds, Harris may garner anti-crypto support. The 2024 election has turned into a battleground for crypto, with both Biden and Trump vying for support from the industry. The Republican National Committee's inclusion of pro-crypto language in their platform has forced President Biden to reconsider his stance and adopt a more crypto-friendly approach. President Biden is being urged to support bipartisan, pro-crypto policies to attract more young voters ahead of the 2024 elections. Kamala Harris has a mixed record on tech and AI regulation, contrasting with Trump's running mate JD Vance, who also has ties to Silicon Valley. Trump's surprise decision to attend the Bitcoin Conference reflects a broader shift within the Republican party, and puts pressure on the Biden administration to reassess its position on cryptocurrency. Kamala Harris, the first female, African-American, and Asian-American vice president, has a strong history of fighting for social issues, and her support was instrumental in bringing Biden to the White House. However, she has faced criticism and low popularity numbers, despite her historic role.
21. Juli 2024 um 19:55

Moscow: US bombers prevented from overflying the Russian border in the Arctic

Russia claims its MiG-29 and MiG-31 jets intercepted and turned away US B-52H bombers over the Barents Sea, following past incidents with NATO aircraft. Russia accuses the US and NATO of using drone flights to support attacks on Crimea and intercepts Russian jets and bombers over the Baltic Sea. The Finnish government denies claims that the US bombers had approached the Russian border. NATO has pledged $43 billion in military aid to Ukraine and declared its path to membership, while Russia maintains that its jets acted in compliance with international rules. This incident adds to the escalating tensions between Russia and the West in the region.
21. Juli 2024 um 14:59

CrowdStrike IT Outage: Global Impact and Potential Consequences

CrowdStrike IT Outage: Global Impact and Potential Consequences
CrowdStrike, a cloud-based cybersecurity firm, experienced a major IT outage due to a faulty software update, impacting computers worldwide and disrupting various industries. The outage grounded airlines, affected hospitals, knocked media off air, and disrupted trading, banking, and emergency services globally. Despite the chaos, CrowdStrike CEO clarified that it was not a security incident or cyberattack. The outage has had significant financial implications for CrowdStrike, leading to a drop in their stock price. However, analysts believe that this incident could create opportunities for competitors as companies re-evaluate their cybersecurity solutions. The Australian government has been informed that CrowdStrike is close to rolling out an automatic fix. While smaller businesses may have to wait for IT support, there have been no food shortages or impact on critical infrastructure or government services. Investors are advised to wait for CrowdStrike's next earnings report to assess the financial impact accurately. Although the outage raises concerns about CrowdStrike's reliability, its strong financial performance suggests that the company can handle the challenges and continue to protect customers from cyberattacks. For risk-tolerant investors, this may present a potential buying opportunity. However, other stocks, such as Nvidia, have been recommended as better options by financial experts. Overall, the incident highlights the importance of robust cybersecurity measures and the potential consequences of IT outages in today's interconnected world.
21. Juli 2024 um 14:59

Paris Olympics: Excitement and Challenges in Host Cities

Bars and restaurants in Hong Kong anticipate a resurgence in business with the upcoming Paris Olympics, offering promotions and themed menus. The event will be freely broadcasted, but late-night operations might be affected due to time differences. Meanwhile, Paris is facing restrictions and discontent among gastronomes, with safety measures causing significant disruptions. The city is witnessing an exodus of residents and a decline in visitor numbers, sparking concerns of social cleansing. Despite controversies, the Games present an opportunity for the UK to unite, as emphasized by BBC's Gabby Logan. With diverse coverage and a focus on existing venues, the Paris Olympics aim to celebrate modernity and foster political unity, representing a significant event since London 2012.
20. Juli 2024 um 23:55

CrowdStrike Outage: Global Impact on Travel and Cybersecurity

CrowdStrike Outage: Global Impact on Travel and Cybersecurity
A global outage caused by a software update failure from cybersecurity firm CrowdStrike has disrupted major airlines, transit systems, and other industries worldwide. The CEO of CrowdStrike has confirmed that the outage was not due to a cyberattack, but rather a defect in the update. The outage has grounded flights, affected hospitals, knocked media off air, and disrupted trading, banking, and emergency services. Travelers are particularly vulnerable to scams and phishing attempts exploiting the chaos. The U.S. Cybersecurity and Infrastructure Security Agency and National Cyber Security Center have issued warnings about scammers attempting to steal personal data and money. The incident has triggered a push for technological self-reliance in China, with Chinese cybersecurity firms promoting their own products. Experts emphasize the need for resilience as individuals and organizations struggle to recover from what is being called the 'largest outage in history.' Airlines are working to resume normal operations, but higher cancellation rates are expected in the near term.
20. Juli 2024 um 14:59

Tech Broligarchs and the Rise of JD Vance: Silicon Valley's Support for Trump

JD Vance, a Yale Law graduate, has become a prominent figure in the tech industry, with strong ties to Silicon Valley's investors and elites. Backed by billionaire Peter Thiel, Vance co-founded venture firms and gained support from prominent tech figures like Elon Musk and Marc Andreessen. This support has propelled his political rise, leading to his selection as a potential VP pick for Trump. The alliance between Silicon Valley and Trump signifies a shift in the industry's political landscape, as tech leaders openly support conservative candidates. However, the relationship between tech and government has become strained, with issues such as regulation, antitrust, and AI development causing tensions. The political realignment in Silicon Valley is also influenced by concerns over rising taxes, crime, and the anti-woke movement in California. As the tech industry's influence in Washington grows, it remains to be seen how the alliance with Trump will shape the future of tech policy and governance.
20. Juli 2024 um 09:00

Global Tech Outage Disrupts Flights, Banks, Hospitals, and Media Outlets

Global Tech Outage Disrupts Flights, Banks, Hospitals, and Media Outlets
A major global IT outage caused by a faulty CrowdStrike software update has disrupted critical services worldwide. Flights have been grounded, banks and hospitals have been affected, and media outlets have been knocked off the air. The White House is working with CrowdStrike to resolve the issue, and the CEO has issued an apology. The impact has been widespread, with airports such as Berlin and Zurich experiencing disruptions, and Australian banks, airlines, and media organizations also affected. The outage has caused delays and cancellations in various industries, including healthcare, finance, and transportation. Experts are warning that the recovery process may take weeks, highlighting the need for resilience in IT infrastructure. The incident has had a significant financial impact, with CrowdStrike's stock price plummeting. However, it is not expected to have a long-term effect on the company's market cap. Microsoft has confirmed that the issue was caused by a faulty CrowdStrike update.
20. Juli 2024 um 05:50

Global IT Outage: Cybersecurity Firm CrowdStrike's Update Causes Widespread Disruption

Global IT Outage: Cybersecurity Firm CrowdStrike's Update Causes Widespread Disruption
A major global IT outage caused by a failed software update from cybersecurity firm CrowdStrike has resulted in widespread disruption, affecting airports, airlines, hospitals, banks, retailers, and media outlets worldwide. The issue, which was not a cyberattack, originated from a technical error in the software update deployed by CrowdStrike on Microsoft Windows systems. The outage led to flight cancellations and delays, long queues at airports, disruption to hospital services, payment failures in shops, and television channels going off air. While CrowdStrike has resolved the underlying cause and is working with affected customers, the incident has been described as a 'major black eye' for the cybersecurity firm. Competitors in the cybersecurity industry, such as Palo Alto Networks and SentinelOne, have seen gains in premarket trading, capitalizing on the disruption caused by CrowdStrike's software update. The incident highlights the need for increased resilience and backup systems in critical IT infrastructure.
19. Juli 2024 um 23:55

Global IT Outage Disrupts Flights, Media, and Financial Systems

Global IT Outage Disrupts Flights, Media, and Financial Systems
A global IT outage has caused major disruptions to flights, media outlets, banks, and telecoms. US airlines grounded flights due to communications issues, while outages in Australia were linked to CrowdStrike. Both AWS and Microsoft experienced cloud service outages, impacting carriers and other businesses. Ryanair warned of potential disruptions, and Spain reported a 'computer incident' at all its airports. The issue was traced back to a faulty update from CrowdStrike, causing blue screen errors on Windows PCs. Despite the widespread disruptions, there is no evidence of a cyber security incident. CrowdStrike and Microsoft have acknowledged the problem and are working to resolve it. The outage has led to manual check-ins, delays, and disruptions across various industries, with social media buzzing about the 'blue screen of death'. However, cryptocurrencies and blockchain networks remain unaffected by the IT outage.
19. Juli 2024 um 19:55

Widespread global tech outage disrupts flights, banks, hospitals and media outlets

Widespread global tech outage disrupts flights, banks, hospitals and media outlets
A global tech outage caused by a faulty update from cybersecurity provider CrowdStrike has disrupted critical services such as flights, banks, hospitals, and media outlets worldwide. The outage, which affected Microsoft Windows systems, led to flight cancellations and delays, halted airport operations in Berlin and Zurich, and disrupted operations for Australian banks, airlines, and media companies. Hospitals, including Mass General Brigham and NHS England, canceled non-urgent care, while the Gdansk port experienced disruptions. The Milan stock exchange had issues compiling its index, and even the Olympic travel plans were affected. CrowdStrike CEO George Kurtz apologized for the incident and assured customers that it was not a security breach. Microsoft confirmed the issue and is working with CrowdStrike to resolve it. The outage highlighted the importance of cyber-resilience and the need for rigorous testing of software updates. It also raised questions about the concentration of power in the software industry and the vulnerability of companies relying on a single provider. As the global IT outage continues, businesses and individuals are advised to stay updated on the situation and take necessary precautions.
19. Juli 2024 um 19:55

Elon Musk's Support for Trump and Political Involvement Contrasts with Other Tech CEOs

Elon Musk, CEO of Tesla and SpaceX, has endorsed Trump's running mate JD Vance and pledged $45m/month to a pro-Trump PAC. Unlike tech leaders like Zuckerberg and Dorsey, who have avoided political endorsements, Musk has become increasingly vocal in his support for conservative causes. He has reinstated banned accounts and promoted right-wing narratives on his platform X, even after the assassination attempt on Trump. Musk's endorsements reflect his business interests, including government subsidies and access to resources like lithium. He has also endorsed other candidates and promoted conspiracy theories. In contrast, CEOs of YouTube, Snap, and TikTok have largely avoided political involvement. The Washington Post found that Twitter previously throttled traffic to sites critical of Musk, while a Pew Research poll showed the platform becoming more popular among conservatives. Additionally, JD Vance's path to becoming Trump's VP pick involved ties with Silicon Valley investors, including Peter Thiel, and significant financial support from tech elites.
19. Juli 2024 um 14:59

Stock Market Today: Central Topic Summary

The stock market today is influenced by several key factors such as Trump bets and Fed rate cut hopes, tech slumps on Trump Taiwan and Biden tariff risks, global IT outage concerns, and the political risks surrounding the upcoming presidential election. Investors are closely monitoring earnings reports, inflation data, and the possibility of Fed rate cuts. They are also shifting allocations to defensive sectors amid concerns over economic slowdown and labor market cooling. The market is experiencing a tech rally fade, with small-cap stocks rallying but potentially tempered by signs of economic slowdown. The attempted assassination of Trump and the possibility of a one-party election sweep add to the political risks. Overall, the market remains focused on economic factors such as potential rate cuts and corporate earnings, showing little concern for the political landscape.
19. Juli 2024 um 14:59

Global IT Outage Caused by Faulty CrowdStrike Update

Global IT Outage Caused by Faulty CrowdStrike Update
A major global IT outage wreaked havoc across industries as a faulty update from cybersecurity company CrowdStrike caused widespread disruptions. Windows systems worldwide experienced crashes and blue screens of death (BSOD), impacting airlines, hospitals, TV stations, and financial institutions. The outage, which was not a cyberattack according to CrowdStrike CEO George Kurtz, highlighted the importance of resilient backup systems and the risks associated with software monoculture. While a fix has been deployed and systems are gradually recovering, it may take days or weeks for all affected computers to return to normal. The outage led to thousands of grounded flights, delays in air travel, disrupted train services, and payment failures at shops. IT administrators have been working tirelessly to apply manual fixes for the BSOD issue, and affected industries are gradually resuming operations. The incident has caused significant brand damage to CrowdStrike, with its stock plunging and rivals experiencing increased demand for their cybersecurity solutions.
19. Juli 2024 um 09:00

WazirX Crypto Exchange Security Breach: $230M Stolen Assets and Fallout

Mumbai-based WazirX suffered a $230M security breach with stolen assets like SHIB, ETH, MATIC, PEPE, USDT, and GALA tokens. CoinDCX and CoinSwitch reassure customers of fund security. The attacker is offloading via Uniswap. Post-Binance separation, the breach occurred despite proof-of-reserves disclosure of $500M holdings. Exploiter converts loot to ETH, causing a 30% drop in Bitcoin and SHIB trading on WazirX. Withdrawals paused, trading pairs down 22-30%. Hacker funneled $149M altcoins into $ETH, halting exchange operations. Speculations of North Korean involvement arise. Netflix sees growth in subscriptions and revenue, while Google focuses on secure AI development. Developers of
19. Juli 2024 um 09:00

Global IT Outage: Airports, Banks, and Shops Affected

Global IT Outage: Airports, Banks, and Shops Affected
A global IT disruption has resulted in airports, banks, and shops facing outages due to a technical malfunction and an update crashing Windows computers. The CrowdStrike service, which is meant to ensure system security, is believed to be involved. The Berlin-Brandenburg Airport is among those affected, with delays reported. Major US airlines have grounded flights, and media, financial, and telecoms sectors have also been impacted. The disruption has affected global cybersecurity firm Crowdstrike and Windows computers. Microsoft has resolved cloud service outages, and Australia's National Cyber Security Coordinator has stated that there is no evidence of a cyber security incident. Ryanair has warned of potential disruptions, and Spain has reported a computer incident at all its airports. The London Stock Exchange, broadcasters, and critical sectors have also been paralyzed by the widespread Windows outage. The recovery process is expected to be protracted, and businesses affected are encouraged to contact Tech.eu for coverage.
19. Juli 2024 um 08:06

Global IT Outage Disrupts Airlines, Banks, Media, Telecoms

Global IT Outage Disrupts Airlines, Banks, Media, Telecoms
A widespread IT outage has caused disruptions in airlines, banks, supermarkets, telecoms, and media outlets across multiple countries. Australia's National Cyber Security Coordinator is investigating a technical issue related to third-party software, but there is no evidence of a cyber attack. Airports in Australia are experiencing delays, and supermarkets and media outlets are also affected. The police in New South Wales have been made aware of the situation and are advising emergency calls. IT security firm Crowdstrike is aware of reports of Microsoft Windows crashes. The outage has led to blue screen errors on Windows PCs, impacting banks, airlines, and media globally. The issue has been linked to Falcon Sensor by Crowdstrike, and Microsoft 365 services have been affected. Australian broadcasters and the cyber security coordinator have confirmed that the problem is related to third-party software. The UK train operator and Melbourne Airport have also been affected. Sky News UK has gone off air, and presenter Jacquie Beltrao has reported issues. Earlier, US airlines were grounded due to a separate cloud outage. Various sectors, including banks, brokerage houses, and airlines, are facing widespread outages caused by Windows errors like the 'blue screen of death'. Some businesses, such as Australian energy company AGL, have blamed a CrowdStrike update for the issues. The global IT outage has affected airlines, banks, and other systems, with Aena, Iberia, and other organizations resorting to manual systems. The Berlin airport, BER, was forced to suspend operations due to the IT failure, while worldwide disruptions have been reported on major cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.
18. Juli 2024 um 23:55

Chip Stocks Plummet on Trade Fears and Taiwan Comments

Chip stocks experienced a significant decline, losing $480 billion in value due to concerns over China trade tensions and recent comments made by former President Trump regarding Taiwan. The US is considering tightening export restrictions on advanced semiconductor technology to China, which has contributed to the decline in chip stocks. Major companies such as ASML Holding, Nvidia, AMD, Qualcomm, Micron, Broadcom, and Arm saw their stocks drop by 5-11%. However, some US manufacturers like Intel, GlobalFoundries, and Texas Instruments benefited from the situation. The world's largest contract chipmaker, TSMC, also experienced a 6% fall in stock price due to Trump's Taiwan defense comments. Overall, the chip industry is facing increased uncertainty and potential restrictions that could impact global markets. Investors are closely monitoring the situation and its potential impact on the stock market and semiconductor sector.
18. Juli 2024 um 23:55

Elon Musk's Support for Trump and Its Impact on Tesla

Elon Musk, CEO of Tesla and SpaceX, has endorsed Donald Trump and may fund a pro-Trump super PAC to help his re-election campaign. While Musk's policies could benefit his companies, they also align with his ideology on issues like AI regulation. The Wall Street Journal reported that Trump discussed offering Musk an advisory role if re-elected, and Musk has sued OpenAI and Microsoft over AI safety concerns. Despite facing potential negative consequences, including federal investigations and a decrease in potential customers due to his political affiliations, Musk's support for Trump could be a strategic move to secure his position in the US market and gain support from a different group of buyers. The image of Musk himself may not significantly impact Tesla's sales, as consumers prioritize quality and technological advancements over the CEO's political views. Ultimately, the success of Tesla will depend on factors such as technological innovation and competition in the electric vehicle market.
18. Juli 2024 um 23:55

OpenAI Advances AI Models for Clearer and Verifiable Text

OpenAI is using prover-verifier games with GPT-4 models to enhance the clarity and verifiability of AI-generated text. The approach involves a game where a prover and verifier alternate roles, with the prover trying to deceive the verifier initially. The verifier learns to spot mistakes, pushing the prover to adapt tactics. This method aims to strike a balance between accuracy and clarity, increasing understanding and trust in AI solutions, particularly in critical fields like medicine and finance. OpenAI has also launched GPT-4o mini, a more cost-effective version of ChatGPT that offers comparable performance at a reduced price. Future upgrades will include audio and video support and customization options for specific use cases.
18. Juli 2024 um 23:55

Von der Leyen Advocates for a 'Strong Europe' and Harshly Criticizes Orban

Von der Leyen Advocates for a 'Strong Europe' and Harshly Criticizes Orban
Ursula von der Leyen, the President of the European Commission, has called for a 'strong Europe' in the face of fear and uncertainty. She pledged to fight with democratic forces in the European Parliament and criticized Hungarian Prime Minister Viktor Orban's Moscow visit, calling it an 'appeasement mission.' Von der Leyen also emphasized the need for a 'true European Union of defense' to counter the Russian aggression in Ukraine. While NATO remains the pillar of European defense, she stressed the importance of investing more in EU security. Von der Leyen's re-election reflects the ability of Europe's major parties to prevent chaos. She also expressed her intention to address the addictive design of social media platforms, announcing an action plan against cyberbullying and online child abuse. Various political groups, including the Socialists & Democrats and the Renew faction, are advocating for legislation to tackle these issues. The European Commission has already initiated proceedings against TikTok for its addictive design. Von der Leyen's commitment to supporting the interface between science, technology, and industry, particularly in genomics, has been praised by the European Association of Research and Technology Organizations. Additionally, she plans to fully implement the Cancer Plan, present action plans for cardiovascular diseases and mental health, and intensify work in health prevention.
18. Juli 2024 um 23:55

Analysts Adjust Stock Price Targets for Netflix, Google, Tesla, Apple, Microsoft, and Palantir Ahead of Earnings

As earnings season approaches, analysts are revising their stock price targets for several major companies. Netflix, which has seen a 33.5% increase in its stock price year-to-date, is being closely watched as it transitions to an ad-supported model and expands its live programming offerings. Google's parent company, Alphabet, has added $520 billion in market value on the strength of its AI and search dominance. Tesla, with its strong Q2 deliveries, has a clear lead in the EV transition and software-defined vehicle market. Apple shares have reached a record high, driven by expectations of the iPhone 16 with AI features. Microsoft's strong position in the generative AI space has led analysts to raise their price targets. Finally, Palantir, despite a slight drop in premarket trading, continues to maintain a significant year-to-date gain.
18. Juli 2024 um 19:55

Lilium Delays Manned First Flight to 2025: German Flying Taxi Developer Faces Delivery Delays

German flying taxi developer Lilium is postponing the manned first flight of its flying taxi to 2025 due to delivery delays. Despite the setback, Lilium plans to deliver its first flying taxi in 2026. The company has received a major order from the state-owned Saudi Arabian airline Saudia, but a feasibility study and contract details are still pending. Lilium is currently awaiting certification from the European aviation safety authority. CEO Klaus Roewe confirms that customer deposits are crucial for Lilium to complete the development of its flying taxi. Lilium has a total of 106 firm orders and reservations, along with 76 options and letters of intent for about 600 eVTOL aircraft. The company's jets are designed to take off and land vertically but travel the distance with the help of wings, allowing for higher speed and efficiency. Saudia plans to use Lilium's jets to reduce regional travel times by 90%. Lilium and Saudia will be holding a press event for an important contract signing.
18. Juli 2024 um 19:55

The Impact of Crypto in US Politics

Trump gibt die Wahl von Senator J.D. Vance zum Vizepräsidenten bekannt
Cryptocurrency has become a central topic in US politics, with key players taking stances on its regulation and potential benefits. Ethereum co-founder Vitalik Buterin warns against supporting 'pro-crypto' candidates without scrutinizing their broader policies, while Charles Hoskinson advocates for single-issue voting for crypto-friendly candidates. The crypto industry has become a key factor in the 2024 US presidential election, with Ripple backing a candidate in a senate race against Elizabeth Warren and nearly half of American voters planning to invest in crypto. Both President Joe Biden and former President Donald Trump are vying for the support of the crypto industry, with Trump promising to end what he calls Biden's 'war on crypto'. Tech billionaires like Elon Musk and the Winklevoss twins are endorsing Trump to deregulate crypto. The need for clear crypto regulations is emphasized, as well as the importance of holding elected officials accountable and supporting pro-crypto candidates.
18. Juli 2024 um 19:55

Advancements in AI Models: DeepL, OpenAI, and Google DeepMind

DeepL introduces a new AI model that exceeds GPT-4 in translation capabilities. OpenAI launches GPT-4o Mini, a cheaper and smarter model offering higher performance. Google DeepMind develops an open-source AI system called FLAMe to reduce biases in language model evaluation. These advancements in AI models aim to provide improved translations, cost-effective options, and unbiased evaluations of text quality. OpenAI's ChatGPT, a popular AI-powered chatbot, gains widespread adoption and partnerships with companies like Apple and Reddit. However, OpenAI faces challenges such as internal conflicts, copyright infringement lawsuits, and concerns regarding AI ethics. Despite these challenges, OpenAI continues to expand its offerings, with plans for a GPT-5 model and partnerships with major publishers like The New York Times and Financial Times. The development of AI models like ChatGPT raises questions about privacy, misinformation, and the responsible use of AI technology.
18. Juli 2024 um 19:55

Trump's Vice Presidential Candidate Vance Focuses on the Working Class

Trump gibt die Wahl von Senator J.D. Vance zum Vizepräsidenten bekannt
J.D. Vance, Donald Trump's designated vice presidential candidate, is set to present himself as a fighter for the working class at the Republican convention. Vance, who emphasizes his humble origins and criticizes the Democrats' trade and economic policies, aims to address the working and middle classes in swing states. Meanwhile, Trump's former economic adviser Peter Navarro receives a warm welcome at the convention after his prison release, launching an attack against President Joe Biden. The Ukraine war becomes a topic of discussion, with the German government's transatlantic coordinator highlighting its importance to US interests. Former ambassador Richard Grenell advocates for an 'America first' foreign policy, while Democratic Senate Majority Leader Chuck Schumer allegedly advises Biden not to run for re-election. Biden himself tests positive for COVID-19, and the Kremlin welcomes Vance's stance on Ukraine. The economic plans of the Republican Party focus on tax cuts for companies, drawing support from Silicon Valley entrepreneurs.
18. Juli 2024 um 19:55

Bitcoin Rally Amid Trump's Election Odds Surge

Bitcoin Rally Amid Trump's Election Odds Surge
Bitcoin surged to $62,508, up 8.6%, following an increase in Trump's election odds post-assassination attempt. The crypto market anticipates a positive impact from Trump's pro-crypto stance. Crypto ETFs attracted over $1.35 billion, reflecting a sentiment shift due to lower CPI. Despite struggles around $65K, experts predict a potential stall in the crypto rally amidst a stock market sell-off. A report forecasts bitcoin hitting $1 million by 2033, attributing this surge to factors like ETF launches and institutional adoption. Bitcoin continues to battle the $65,000 resistance, with analysts relying on technical tools for bullish projections. Additionally, crypto gamblers have wagered over $7 million on Biden exiting the 2024 presidential race. Despite tech stock declines, crypto markets remain stable, with Bitcoin at $64,800 and Ether at $3,465.
18. Juli 2024 um 14:59

India’s WazirX Suffers $230M Security Breach from Compromised Wallet

Indian cryptocurrency exchange WazirX experienced a security breach resulting in the loss of approximately $230 million. The breach involved a compromised multisig wallet on the Ethereum network. The stolen assets included a significant amount of SHIB, ETH, MATIC, PEPE, USDT, and GALA tokens. The attacker is actively offloading the stolen assets via Uniswap. CoinDCX and CoinSwitch, two other Indian exchanges, have reassured their customers that their funds are secure. This incident comes after WazirX separated from Binance in 2023, two years after Binance acquired the exchange. WazirX had disclosed holdings of $500 million in June. The breach has raised concerns about the security of Indian crypto exchanges. The hack has also impacted the prices of SHIB and other cryptocurrencies. The attack is believed to be connected to North Korean Lazarus Group hackers, according to blockchain forensics firm Elliptic. WazirX has temporarily halted both cryptocurrency and Indian Rupee withdrawals in order to secure user assets.
18. Juli 2024 um 09:00

Dyson's Innovative OnTrac Headphones: A Customizable Audio Experience

Dyson unveils the $500 OnTrac headphones, boasting over 2,000 customization options, exceptional noise cancellation, and up to 55 hours of battery life. Featuring 40mm drivers spanning frequencies from 6Hz to 21,000Hz, wired USB-C connectivity, and support for various Bluetooth codecs, these headphones offer convenience and premium sound quality. Unlike its predecessor, the OnTrac focuses solely on audio excellence, omitting air purification features. The collapsible carrying case, though lacking in robustness, hints at a portable design. Listeners eagerly anticipate how the OnTrac's sound and ANC capabilities will measure up against rival brands in the market.
18. Juli 2024 um 09:00

UK Wage Growth Slows, Global Chip Stocks Fall Amid Growing Tensions

UK wage growth slowed, but economists expect a rate cut from the Bank of England. Global chip stocks tumbled due to tighter US export restrictions. Tech-heavy markets like Nasdaq and S&P 500 fell in response. Investors reacted to Trump's comments on Taiwan, causing a slump in semiconductor stocks. Concerns about US policy on Taiwan and enhanced tariffs on China-made goods are growing. Hong Kong and other major Asian markets also declined. The Nasdaq suffered its worst loss since 2022, with chip stocks leading the decline. UK jobs market cooled as wage growth slowed, but unemployment remained steady. Real wage growth reached its highest in over 2.5 years. The Bank of England is considering interest rate cuts. Tech-led stock losses are expected to continue in Europe. TSMC is set to report strong profit despite pressure from Trump's comments.
18. Juli 2024 um 05:50

US Election Campaign Live Ticker: Trump's Vice Presidential Candidate Vance Focuses on the Working Class

Donald Trump's vice presidential candidate, J.D. Vance, will present himself as a fighter for the working class at the Republican convention. He will emphasize his humble origins and criticize the trade and economic policies of the Democrats. Vance wants to address the working and middle classes in swing states. Former economic adviser Peter Navarro is celebrated at the convention after his prison release. Trump's granddaughter speaks at the convention and paints a picture of a loving grandfather. The German transatlantic coordinator recommends Europeans take a constructive approach to a potential Republican administration due to the Ukraine war's implications for US interests. Vance criticizes the media and refers to Trump as president, expressing fear that they had lost a great president after shots were fired at a campaign event. Former ambassador Richard Grenell advocates an 'America first' foreign policy. Democratic Senate Majority Leader Chuck Schumer reportedly advises President Biden not to run for re-election. President Biden tests positive for COVID-19. The Kremlin welcomes Vance's positions on Ukraine. Biden reportedly insults a Democrat in a phone conference. New York Governor Kathy Hochul warns of Trump and Vance's agenda. Conspiracy theories flood social media after an attempted attack on Trump. Wealthy individuals support Trump due to the implementation of the conservative manifesto's demands.
18. Juli 2024 um 05:50

Hong Kong stocks fall as US chip sale restrictions and China policy changes loom

Hong Kong stocks, particularly in the semiconductor and tech sectors, experienced a decline as investors grew concerned about potential US restrictions on chip sales to China and policy changes in China. TSMC, the world's largest contract chipmaker, saw its stock fall due to Trump's comments, but the company is expanding production. Nongfu Spring, on the other hand, surged following criticism of a Hong Kong consumer report. The chip stock sell-off also impacted other major Asian markets. Analysts predict that the restrictions on chip sales will likely increase, with the potential for Trump to strengthen export controls. The Biden administration's push to onshore chip production has also contributed to the decline in chip stocks, with Intel and GlobalFoundries expected to benefit. Tech stocks slumped on Trump's Taiwan comments and the risk of enhanced tariffs on China-made goods under both Trump and Biden. Overall, the market experienced mixed action, with the Nasdaq suffering its worst loss since December 2022.
17. Juli 2024 um 23:55

J.D. Vance and His Stance on Key Issues

Donald Trump & Vice presidential candidate J.D. Vance, July 16, 2024
J.D. Vance, Trump's running mate, is known for his strong opposition to abortion rights, his skepticism of U.S. intervention in Ukraine, and his support for the oil and gas industry. Vance has backed a federal ban on abortion, opposed exceptions, and wants to protect life 'from conception'. He has criticized Biden's Ukraine policy and has been a steadfast supporter of Israel's war against Hamas. Vance also supports broad-based tariffs on goods from China and is skeptical of wind, solar, and electric vehicles. Despite previously criticizing Trump, Vance has since apologized and promised not to attack him. He has been seen as a way for Trump to expand his base and attract voters who dislike both candidates. Vance's venture capital background and his age, being the first millennial on a major party ticket, are also notable aspects of his candidacy.
17. Juli 2024 um 23:55

Crypto Becomes Key Issue in 2024 US Election

Trump gibt die Wahl von Senator J.D. Vance zum Vizepräsidenten bekannt
Crypto has become a battleground issue in the 2024 US presidential election, with both the Biden administration and former president Donald Trump vying for the support of the crypto industry. The Biden team has been engaging with crypto industry stakeholders, while the Democratic Party has shown hostility toward the industry. Trump, on the other hand, has announced his attendance at the annual Bitcoin Conference, indicating a pro-crypto stance. This shift in political landscape has led to pressure on Biden to adapt his stance on crypto, with the Republican National Committee officially adding pro-crypto language to their platform. The Ethereum co-founder, Vitalik Buterin, has warned against blindly supporting 'pro-crypto' candidates, urging a scrutiny of their broader policies. Additionally, the crypto industry has poured millions of dollars into the US election, further highlighting the importance of crypto in the political landscape. Overall, the 2024 US election is shaping up to be a defining moment for the crypto industry and its regulatory future in the country.
17. Juli 2024 um 23:55

Tech Leaders Back Trump for Bitcoin's Benefit

Silicon Valley's tech elite, including Andreessen, Horowitz, Musk, and others, pledge support for Trump's 2024 campaign, primarily to boost the crypto industry. With endorsements and financial contributions, they aim to leverage Trump's policies for favorable bitcoin conditions. Mark Cuban highlights the CEOs' 'Bitcoin play,' focusing on tax benefits and regulatory ease under Trump. The alliance targets crypto-centric PACs, opposes anti-crypto candidates, and anticipates a surge in BTC value. Trump's commitment to defending bitcoin mining further solidifies the tech leaders' backing. Additionally, job growth and Mt. Gox's Bitcoin repayments contribute to the narrative, reflecting the intersection of politics and cryptocurrency in the upcoming election.
17. Juli 2024 um 23:55

Amazon Prime Day 2024: Unveiling the Best Tech Deals and Sales Trends

Amazon Prime Day 2024 on July 16th and 17th brings Prime members exclusive discounts on tech products like laptops, OLED TVs, and robot vacuums. The event includes rival retailers offering alternative deals. Bestselling items, up to 55% off, feature Beckham Hotel pillows, portable air conditioners, robot vacuums, sheet sets, duvet covers, and patio furniture. Tech highlights include a 4K smart TV, earbuds, gaming gear, and Apple devices. Shoppers can grab gadgets, fitness trackers, and smartwatches for $100 or less. US shoppers spent $7.2 billion in a day, with Buy Now Pay Later contributing $540M. Headphones, electronics, and TVs topped sales. E-commerce prices dropped 4.2% YoY. Forecasts hint at a $14 billion spending spree over the two-day event.
17. Juli 2024 um 23:55

Chip Manufacturers Under Pressure as Dow Soars and Tech Stocks Stumble

The stock market experienced mixed action as the Dow Jones index rose to a record high while the Nasdaq and S&P 500 fell. Chip manufacturers such as ASML, Nvidia, Micron, Marvell, and the Philadelphia Semiconductor Index faced pressure due to potential trade restrictions for China. Investors are anticipating an interest rate hike in the US and are investing in smaller companies. President Donald Trump's comments about the strength of the dollar unsettled investors, leading to a fall in the dollar index. Oil prices saw an increase. Airline Spirit expects a decline in sales, and pharmaceutical giant Eli Lilly lost ground. However, competitor Roche made progress with a weight loss pill. The tech stock slump, including Nvidia, ASML, and TSMC, was driven by concerns over tighter US curbs on sales to China and Trump's comments about Taiwan. The chip stock sell-off is also attributed to the Biden administration's push to onshore chip production.
17. Juli 2024 um 19:55

J.D. Vance: The Republican's Reoriented Approach to Business

Donald Trump & Vice presidential candidate J.D. Vance, July 16, 2024
J.D. Vance, a former venture capitalist with ties to Silicon Valley, has emerged as a populist supporter and leading figure in the Republican Party. With a background in military service, Yale Law, and work in the venture capital industry, Vance has attracted support from influential tech billionaires like Peter Thiel and David Sacks. His venture capital experience, including investments in companies like Rumble and AppHarvest, is a key focus as he runs for Vice President alongside Donald Trump. Vance's willingness to break with Republican orthodoxy and his populist views have helped him secure his role as Trump's running mate. However, his fossil fuel ties and opposition to EV policies have raised concerns among environmental advocates. Despite mixed reactions from his hometown in Ohio, Vance's biography and political views reflect his commitment to addressing the economic decline of working-class communities. As the first millennial on a major party ticket, Vance represents a new generation of Republicans reorienting the GOP's economic policy.
17. Juli 2024 um 19:55

Usha Vance: The Lawyer and Wife of J.D. Vance, Trump's VP Pick

Meet Usha Chilukuri Vance, the Yale-educated trial lawyer and wife of J.D. Vance, Trump's 2024 VP pick. Raised by Indian immigrant parents, she has an impressive educational background, having earned degrees from Yale and Cambridge. Usha previously clerked for Kavanaugh and Roberts, worked at a law firm, and served on the Cincinnati Symphony Board of Directors. A registered Republican in Ohio, she voted in the 2022 Republican primary. Usha's transition from a former Democratic lawyer to the wife of a Republican VP pick has drawn attention, especially from Meena Harris, the niece of VP Kamala Harris, who has criticized J.D. Vance publicly on his views regarding abortion, aiming to discredit him. Usha and J.D. Vance, now parents of three children, have a supportive relationship, contrasting with Melania Trump's relatively low profile.
17. Juli 2024 um 19:55

The Best Prime Day Tech Deals You Can't Miss

Amazon's Prime Day sale is offering incredible deals on a wide range of tech products. From streaming devices to e-readers, AirPods Pro to gaming gear, there are plenty of options to choose from. The Verge has curated a list of tech deals for $100 or less, ensuring that you get the most bang for your buck. In addition, there are deals on essential tech items like USB-C chargers, gaming mice, fitness bands, and premium noise-canceling headphones. Smart home enthusiasts can also find great discounts on robot vacuums, smart kitchen gadgets, and smart plugs. Apple fans can take advantage of steep discounts on the latest AirPods Pro, Apple Watch Series 9, and iPads. With billions of dollars spent on the first day alone, Prime Day is proving to be a huge success. Don't miss out on these amazing deals!
17. Juli 2024 um 19:55

King Charles delivers government plans in London

The King's Speech delivered by King Charles III outlined the ambitious agenda of the Labour government under Keir Starmer. The government aims to reform the economy, housing, infrastructure, and taxes to address high debt, the cost of living, and the decline in living standards. The program includes over 35 laws, including a reform of planning law, more investment in renewables, and closer EU cooperation. However, the government faces challenges in achieving its goals due to the dilapidated state of British institutions. The agenda emphasizes long-term, strategic approaches, with key priorities like kickstarting economic growth, improving the NHS, and addressing migration. While the government has a large majority, it must navigate political complexities and potential scandals. The government's focus on competent delivery and reliability aims to rebuild trust with the public. The agenda includes familiar yet radical reforms, such as nationalizing rail and establishing a national wealth fund. Overall, the King's Speech sets the stage for a new era of state intervention and a focus on addressing key issues facing the country.
17. Juli 2024 um 19:55

Global Stock Markets React to Potential US Crackdown on Chipmakers

Global stock markets experienced significant volatility after reports emerged that the US plans to implement stricter export restrictions on chip technology to China. Tech shares tumbled globally, with London FTSE showing a slight increase while Germany DAX and Paris CAC fell. Companies such as Tokyo Electron, Disco, and Lasertec experienced significant drops in their stock prices, as did ASML, Nvidia, and other chipmakers. Taiwan chip stocks also fell following criticism from former President Donald Trump. The yen rallied after reports of potential currency intervention. The US has blocked China's access to advanced chips and has urged its allies to follow suit. China has become ASML's second-largest market as companies rushed to buy equipment before new licensing requirements. China's self-sufficiency in advanced technology was a focus of the Communist Party meeting. Despite expectations of a decline, US retailers' sales held firm, leading many to anticipate rate cuts by the Federal Reserve.
17. Juli 2024 um 15:08

UK Labour Government Vows to Improve EU Relations and Boost Economy

The new Labour government in the UK, led by Prime Minister Keir Starmer, has outlined its goals of economic stability, tougher immigration control, and better relations with the European Union. The government plans to stimulate economic growth, reform the House of Lords, and improve trade and investment ties with the EU. The King's Speech, which marks the official beginning of the new parliamentary term, highlighted over 35 proposed laws, including independent oversight of budget decisions. The government aims to prevent economic disasters like the one caused by the previous administration. The speech also emphasized the importance of economic reforms and growth, with stability being the cornerstone of the government's economic policy. The Labour government will focus on addressing issues such as housing shortages, infrastructure decay, and public transportation. They also plan to strengthen workers' rights, promote renewable energy investments, and reform the planning system. The government is committed to undoing the harder Brexit policies implemented by the previous government and reducing trade barriers with the EU. The new government's focus on improving EU relations and boosting the economy signals a departure from previous chaotic Conservative rule.
17. Juli 2024 um 15:08

EU Court Confirms Stricter Competition Rules for TikTok

The EU court has confirmed the classification of ByteDance, the parent company of TikTok, as a 'gatekeeper' under the Digital Markets Act. ByteDance's complaints about infringement of rights and unequal treatment were dismissed. The European Court of Justice upheld the European Commission's designation of ByteDance as a gatekeeper, with the European Consumer Organisation welcoming the ruling. ByteDance is obligated to comply with DMA regulations on personalized advertising consent and user privacy. TikTok's rapid establishment as a new market participant was considered, and ByteDance can still challenge the decision before the European Court of Justice. Multiple companies, including Zalando, have expressed their intention to contest the DMA law, with Bytedance's case being one of the first to be heard by the EU court.
17. Juli 2024 um 15:08

JD Vance: Trump's VP Pick with Controversial Ties

Donald Trump & Vice presidential candidate J.D. Vance, July 16, 2024
JD Vance, the Republican nominee for Vice President, has garnered attention for his political journey from critic to ally of Donald Trump. Vance's personal story, as depicted in his bestselling memoir 'Hillbilly Elegy', resonates with many Americans. However, his close ties to the fossil fuels industry and his support for Trump's 'MAGA agenda' have raised concerns among environmental advocates. Vance's lack of political experience and his association with Trump's immigration policies have also divided opinions in his hometown of Middletown, Ohio. While some hope he will bring positive change, others view him as an 'out-of-touch millionaire' and fear the continuation of destructive policies. Vance's connections to tech billionaires, such as Peter Thiel and Elon Musk, have helped propel him to power and raise his profile. However, questions remain about whether Vance is a true Trumpist or merely an opportunist. As the election campaign unfolds, Vance's role in representing Trump's agenda and engaging with issues like foreign policy and the climate crisis will be closely watched.
17. Juli 2024 um 14:59

King’s Speech: UK vows to rekindle trade and investment ties with Europe

The UK's new Labour government, led by Keir Starmer, is committed to resetting UK-EU ties and improving trade by undoing Boris Johnson's harder Brexit, including the Irish protocol. King Charles outlined economic reforms with independent oversight. Starmer pledged in his party manifesto to tear down unnecessary trade barriers and secure a better deal than Johnson's 'botched' one. The reopening of Parliament involved traditions such as the ceremonial search for explosives and the presence of a silver gilt mace. King Charles III delivered a speech outlining the agenda of the Labour government, including plans to reform the House of Lords and introduce over 35 new laws. The government's priorities include addressing housing shortages, investing in renewable energy, strengthening border security, and banning smoking gradually. The government will also establish a National Assets Fund to attract private investment in key industries. The Treasury and business leaders are now advocating for closer ties with the EU. While the Labour government seeks to reset relations with Europe, the damage caused by Johnson's hardline Brexit approach, as well as the potential return of Donald Trump and his impact on NATO, present challenges. However, the era of Brexit as a faith-based system of government is over, and there is room for European diplomacy under Starmer's leadership.
17. Juli 2024 um 14:59

J.D. Vance: From Turbulent Childhood to Political Spotlight

Trump gibt die Wahl von Senator J.D. Vance zum Vizepräsidenten bekannt
J.D. Vance, Donald J. Trump's choice for vice president, has experienced a tumultuous upbringing, with multiple name changes, an unstable father figure, and a fraught relationship with his mother. Raised by blue-dog Democrats, Vance's musical tastes shifted from classic rock to Christian rock under the influence of his born-again father. Vance's hometown of Middletown, Ohio, has mixed reactions to his political career, with some hoping he will 'do something good' and others concerned about his lack of experience and ties to Trump's agenda. Vance's family history and the economic decline of Middletown have shaped his political views, although factors like the Biden administration's investment in the Midwest and immigrant populations complicate his rhetoric. Vance's career was launched by attending Yale Law on a full scholarship, leading to a venture capital job, marriage, and the writing of his bestselling memoir 'Hillbilly Elegy', which catapulted him into the political spotlight. Despite his success, Vance faces criticism for his views and political transformation, and his ties to tech billionaires have helped him rise to power. The steel town of Middletown, Ohio, remains central to Vance's life and politics, as he attributes its struggles to the fatalism, indolence, and victim mentality of the white working class, as well as decisions made by government and big business.
17. Juli 2024 um 14:59

Ursula von der Leyen Faces Crucial Hurdle in EU Commission Leadership

Ursula von der Leyen, the first woman at the helm of the powerful European Commission, is seeking re-election. However, she faces challenges as she needs the support of various political groups in the European Parliament. Her party, the European People's Party (EPP), has a majority with the Socialists and Liberals, but there are many potential dissenters. Von der Leyen is reliant on the support of the Greens and right-wing parties, which is risky given her party's demands for a tougher migration policy and revisions to the Green Deal. The support of German Chancellor Olaf Scholz was conditional on von der Leyen not forming alliances with parties to the right of the CDU/CSU. The biggest challenge in her new term will be cooperation with the United States, especially if Donald Trump is re-elected. Von der Leyen's previous term was marked by crisis management, including the COVID-19 pandemic and Russia's attack on Ukraine. MEPs will have to decide if she can effectively address the challenges facing the EU, including the rise of the far right, environmental commitments, and demands for a stronger stance on migration.
17. Juli 2024 um 11:55

Former White House Official Accused of Acting as South Korea Agent

Sue Mi Terry, a former White House official, is accused of acting as an unregistered agent for South Korea from 2013 to 2023. She allegedly advocated South Korean policy positions, disclosed U.S. government information, and facilitated access for South Korean officials, in exchange for luxury goods and over $37,000 in funding. Terry acknowledged in a voluntary FBI interview that she was a 'source' for South Korea's intelligence service. She was a senior CIA analyst from 2001 to 2008 and director of Korean, Japan, and Oceanic Affairs at the NSC from 2008 to 2009 under Republican President George W. Bush and Democratic President Barack Obama. She is a senior fellow at the Council on Foreign Relations and an expert on East Asia.
17. Juli 2024 um 11:55

Trump's VP pick and its implications for the EV industry and China

President Trump's choice of JD Vance as his running mate has raised concerns for both the electric vehicle (EV) industry and China. Vance's opposition to EV policies and support for gas-guzzling vehicles could significantly impact the EV industry. This is particularly alarming for Tesla, as Elon Musk's endorsement of Trump has already damaged the company's brand reputation. On the other hand, Vance's hawkish stance on China indicates that a second term for Trump could see a more confrontational approach towards trade with China. This could have significant consequences for China's economy, as a Trump-Vance White House may strengthen tech restrictions and suppress China's growth. The upcoming US election is proving to be a wildcard for the direction of China's economy, with the Third Plenum meeting in Beijing expected to reveal key policy shifts and economic reforms.
17. Juli 2024 um 11:55

Verivox: Savings Rates Slightly Decreased - Little Movement in Construction Loans

The decision by the European Central Bank (ECB) to lower interest rates in June has led to a slight deterioration in savings rates. According to the comparison portal Verivox, banks paid an average of 1.69 percent for overnight deposits in mid-July, compared to 1.72 percent before the decision in early June. However, there has been little change in construction loan rates. At least 64 out of 765 banks surveyed by Verivox have lowered their savings rates since the ECB decision in June, while four banks have increased rates. Despite the lower rates, the interest rates on construction loans have remained stable, with a 10-year fixed rate at 3.71 percent. The ECB's monetary policy decisions indirectly influence the development of interest rates, while the rates for savings and loan products are affected directly. The next ECB rate decision is expected to maintain the current levels. Overall, savings rates have decreased slightly, while there has been little movement in construction loan rates.
17. Juli 2024 um 11:55

Labour's Economic Agenda Takes Center Stage in King's Speech

The recently delivered King's Speech by the new Labour government in the UK outlines a comprehensive economic plan to revitalize the country. The agenda includes mandatory housing targets, planning reform, and the renationalization of rail services. The government aims to drive economic growth through initiatives such as the creation of a publicly owned green energy company and a national wealth fund for low-carbon projects. Efforts to transition away from oil and gas and crack down on water companies are also part of the plan. While the government's focus on growth and infrastructure development is welcomed, it is likely to face opposition from Labour MPs, particularly regarding the reclassification of green belt land for housing. The ambitious economic agenda of the Labour government is significant, as it challenges the dominant economic model and addresses the pressing issues of housing shortage and climate change.
17. Juli 2024 um 09:07

Republican convention day three: JD Vance to speak as focus turns to foreign policy

Donald Trump & Vice presidential candidate J.D. Vance, July 16, 2024
JD Vance, Donald Trump's running mate, will give his first major address on Wednesday at the Republican convention, where the focus will shift towards foreign policy. Republicans will address issues such as the Ukraine conflict, the war between Israel and Gaza, and the US withdrawal from Afghanistan. Despite past disagreements, Nikki Haley and Ron DeSantis have expressed their support for Trump in their speeches. The convention will also include attacks on Biden's foreign policy and the crimes that Republicans blame on the Biden administration. Other notable speakers at the convention include Ted Cruz, Sarah Huckabee Sanders, Marco Rubio, Elise Stefanik, Ben Carson, Rick Scott, and Tom Cotton. The four-day event has become a complete coronation for Trump, who has made a dramatic return to the campaign trail after surviving an assassination attempt.
17. Juli 2024 um 06:01

The Best Amazon Prime Day Tech Deals: From Smart TVs to Noise-Cancelling Headphones

Amazon Prime Day is known for offering some of the best tech deals, and this year is no exception. From powerful processors to premium headphones, there are plenty of discounts to take advantage of. One standout deal is a 4K smart TV with quantum dots and local dimming, offering excellent color performance and brightness at a $200 discount. If you're on a budget, there are also tech deals under $25, including Echo smart speakers. Whether you're in need of a new streaming device, e-reader, or fitness tracker, Amazon Prime Day has deals for $100 or less. And it's not just tech gadgets on sale - there are also deals on board games, smart home devices, and kitchen gadgets. With exclusive discounts for Prime members, now is the perfect time to stock up on all the tech gear you've been eyeing.
17. Juli 2024 um 06:00

Stock Market Surges as Investors Bet Big on Fed Rate Cuts

The stock market experienced a significant surge as investors placed their bets on potential rate cuts by the Federal Reserve. The Dow Jones Industrial Average hit a record high, gaining 742 points, while small-cap stocks, particularly the Russell 2000 Index, rallied. The optimism is fueled by expectations of a rate cut in September, with investors anticipating a boost in risk appetite. The market's confidence in a rate cut grew stronger following a soft inflation report in June. Additionally, retail sales data indicated a strong economy, alleviating concerns about consumer pullback. As the market shifts towards potential outperformers post-rate cuts, small-cap stocks are gaining traction, indicating a broader rally.
17. Juli 2024 um 00:02

Elon Musk and Tech Elite Support Trump with Millions in Donations

Elon Musk
Elon Musk, the tech billionaire, has pledged to donate $45 million per month to a new fund aimed at supporting Donald Trump's reelection campaign, according to reports. The fund, called America PAC, will focus on voter registration, early voting, and mail-in voting in swing states. Musk is one of several major donors to the fund, which also includes Palantir co-founder Joe Lonsdale, former US ambassador to Canada Kelly Craft, and crypto investors Tyler and Cameron Winklevoss. Musk recently announced his full support for Trump and hopes for his quick recovery after narrowly escaping an assassination attempt during a campaign event in Pennsylvania. Despite individual campaign donations being limited to $3,300 per person, loopholes in the campaign finance system allow large donors to contribute to supporting funds for candidates.
16. Juli 2024 um 20:15

Trump picks J.D. Vance for running mate, formally wins Republican presidential nomination

Trump gibt die Wahl von Senator J.D. Vance zum Vizepräsidenten bekannt
In a surprising move, Donald Trump has chosen J.D. Vance as his running mate and has officially secured the Republican presidential nomination. Vance, who was once a critic of Trump, has now become a staunch defender of the former president. Despite surviving an assassination attempt in Pennsylvania, Trump remains resilient and focused on his campaign. Vance's selection as the vice presidential candidate has brought attention to his background and qualifications. As a representative of the 'American Dream,' Vance's compelling life story resonates with many voters. He has the potential to attract support from the working class in states like Michigan and Pennsylvania. While some question Vance's loyalty and consistency, his selection signals a changing of the guard in the GOP, with the younger generation taking center stage. With Vance by his side, Trump aims to unite the country and prioritize the 'America first' agenda. Vance's views on international relations, particularly regarding Europe and Russia, have raised eyebrows, but he maintains the importance of US involvement in NATO. As the campaign progresses, it remains to be seen how Vance's candidacy will impact the race, but many believe he is being positioned to carry on the MAGA movement in the future.
16. Juli 2024 um 15:25

The Best Tech Deals to Look Out for on Amazon Prime Day

Amazon Prime Day is just around the corner, and tech enthusiasts are eagerly awaiting the deep discounts on a wide range of products. From powerful processors to noise-cancelling headphones and smart TVs, there are plenty of exciting deals to be had. Prime members will have access to exclusive discounts on popular brands like Bose, Sony, and Apple. Not only that, but other retailers like Walmart and Target will also be offering their own alternative deals. Whether you're looking to upgrade your gadgets or simply snag a great deal, Amazon Prime Day is the perfect time to shop for all your tech needs.
16. Juli 2024 um 15:23

Spot Ether ETFs Set to Attract Billions in Inflows, Driving Bitcoin and Ethereum Prices

Spot Ether ETFs Set to Attract Billions in Inflows, Driving Bitcoin and Ethereum Prices
Spot ether ETFs are poised to launch in the US after SEC approval, with expectations of attracting $4.7 billion to $5.4 billion in net inflows over the first six months. The lack of staking may disappoint some investors, but the mature market structure and the first-mover advantage of bitcoin are expected to drive significant allocation to ether ETFs. BlackRock, Franklin Templeton, VanEck, and other major asset managers are among those vying to launch spot ether ETFs. Additionally, Bitwise's CIO predicts that the inflows from bitcoin and ether ETFs could propel bitcoin to $100,000 and expects 1-5% bitcoin exposure in ETF portfolios within three years. As the launch of ether ETFs approaches, investors are hedging against ether price swings, and the broader crypto market is experiencing positive growth.
16. Juli 2024 um 15:17

Kaspersky Withdraws from US Business Amid Security Concerns

Russian cybersecurity firm Kaspersky is withdrawing its operations from the US market following a ban imposed by the US government due to security concerns. The ban, which includes sales restrictions and sanctions against Kaspersky executives, has led the company to gradually wind down its presence in the USA by July 2024. The US government's actions stem from worries about Russian influence and the potential risks posed by Kaspersky software. Despite Kaspersky's initial plans to challenge the ban, the company will now lay off employees and cease providing software and security updates to US customers after September 29, affecting the level of protection offered. The Commerce Department's phased approach to the ban aims to allow US consumers time to find alternative cybersecurity solutions, as Kaspersky's US website has stopped selling products. This move marks the culmination of long-standing tensions between the USA and Kaspersky, dating back to the software ban on federal agency computers in 2017. Kaspersky's revenue of $752 million in 2022 underscores the significant impact of its withdrawal from the lucrative US market. The company's founder, Yevgeny Kaspersky, with ties to Russian intelligence agencies, faces sanctions, contributing to the firm's decision to exit the US business landscape.
16. Juli 2024 um 15:11

Recovery in German Startup Investments Signals Optimism

German startups experienced a positive trend in investments during the first half of 2024, receiving a total of 3.4 billion euros, which is a 12% increase compared to the previous year. However, the number of deals declined by 19% to 367. Notably, smaller financing rounds saw a significant decrease, while larger deals saw an increase. Berlin emerged as the top investment location, with 1.1 billion euros flowing into the city, followed by North Rhine-Westphalia with 822 million euros. Startups focusing on digital future topics are attracting investors, but profitability remains a key factor for investment decisions. Despite the recovery in investments, obtaining initial funding for young startups is becoming increasingly challenging. The positive trend in investments indicates a potential trend reversal for the German startup scene, bringing optimism for the future.
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