The Pentagon awarded Dell Technologies a contract worth nearly USD 10 billion raising ethics questions after President Trump was reported to have purchased shares in the company.
Category: Business
Google CEO Sundar Pichai Admits Google is Falling Behind Rivals in Artificial Intelligence
Google CEO Sundar Pichai publicly acknowledged that Google is falling behind rivals in artificial intelligence indicating fierce competitive pressure in the global AI race from Microsoft and others.
Blue Origin Rocket Explodes in Major Setback to Jeff Bezos’s Spaceflight Ambitions
A Blue Origin rocket exploded in a major setback to Jeff Bezos’s spaceflight ambitions sending AST SpaceMobile shares tumbling 14.5 percent given the two companies’ partnership.
AST SpaceMobile Shares Tumble 14.5 Percent After Blue Origin Rocket Explosion
AST SpaceMobile shares fell 14.5 percent on May 29 after Blue Origin’s rocket exploded erasing gains from a strong week that had seen the stock up 25 percent before the incident.
Massachusetts Formally Recognises Union of Ride-Share Drivers in Historic Move
Massachusetts formally recognised a union of ride-share drivers in a historic move that could set a national precedent for gig-worker labour rights in the United States.
Dow Jones Industrial Average Closes at Record 51032 Points Up 363 Points
The Dow Jones Industrial Average finished up 363.49 points or 0.72 percent at 51032.46 on May 29 setting a fresh all-time intraday high during the session alongside other major indices.
Thai Construction Giant NWR Files for Rehabilitation Amid Financial Struggle
Thai construction giant NWR filed for court rehabilitation amid financial difficulty as the company struggled with debt obligations in a challenging regional construction market.
Thailand’s SET Index Closes at 1568 Points as Investors Adjust Portfolios for MSCI
Thailand’s SET Index closed at 1568.37 points a slight decrease as investors adjusted portfolios to accommodate the MSCI index revision resulting in portfolio rebalancing activity.
Sibal Seeks Conciliation in Supreme Court Case as AG Signals Government’s Willingness
Senior advocate Kapil Sibal raised a plea for conciliation in a Supreme Court matter and the Attorney General confirmed the government’s openness.
India’s Supreme Court Backs ECI’s SIR Process Amid Opposition Objections
The Supreme Court’s endorsement of the Election Commission’s voter roll inspection provides legal clarity for the ongoing electoral process.