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huawei just launched the maextro S800
Huawei and JAC Motors launch the Maextro S800, a full-size luxury EV sedan with cutting-edge tech, bespoke interiors, and superior safety.
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Amazon to close all of its Fresh grocery stores in UK
Amazon will shut down all Fresh stores in the U.K., shifting focus to online grocery growth and Whole Foods conversions.
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nvidia CEO wants to change or eliminate every job
Nvidia breaks the $4 trillion barrier, but CEO Jensen Huang’s warning about AI’s impact on jobs raises questions amid studies showing limited productivity gains.
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a Chinese company beat McDonald’s
Mixue Ice Cream and Tea is now the world’s largest fast food chain, closing last year with 45,000 stores across China and 11 other countries, more than doubling its locations in just three years. A key driver of its success is affordability, with ice cream and sugary drinks priced at under $1 (Rs 87.21)
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neuralink will help blind people see again within the next year
Elon Musk announces Neuralink’s progress on vision-restoring brain implants, aiming to help blind individuals.
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McDonald's sales improved last quarter
McDonald’s Q2 results were boosted by the record-breaking Minecraft Movie Meal promotion, strong global sales, and continued digital expansion.
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European hotels to sue Booking.com
Almost 10,000 European hotels are taking collective legal action against Booking.com over alleged inflated costs from parity clauses.
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Foreign travelers soon to pay 'visa integrity fee'
The U.S. introduces a $250 “visa integrity fee” starting Oct. 1, raising total visa costs to over $400 for travelers from countries like Mexico, China, and Brazil. Tourism experts warn of reduced travel volumes.
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MrBeast's 'Beast Games' Becomes a Huge Financial Cost
Renowned YouTuber and entrepreneur MrBeast, also known as Jimmy Donaldson, has revealed a staggering financial loss from the production of his Amazon Prime Video series, Beast Games. Despite the show being one of Amazon’s most successful series debuts in 2024, Donaldson described it as “not a good financial decision.”
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Schiff Calls For Insider Trading Investigation into Trump
Senator Adam Schiff called for a congressional investigation into whether President Donald Trump engaged in insider trading or market manipulation following his decision to pause a set of tariffs, which caused stock prices to surge.
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Perplexity AI Offers $34.5 Billion for Google’s Chrome
Perplexity AI has made a bold $34.5 billion bid for Google’s Chrome browser following a DOJ antitrust ruling.
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Bending Spoons to Buy Vimeo for $1.38B
Vimeo will be acquired by Bending Spoons in a $1.38 billion deal, marking a major shift for the video platform as it returns to private ownership.
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Spotify sees 12% rise in paid subscribers
Spotify’s user base reaches 696 million, but profits fall short due to rising expenses and AI tensions.
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OpenAI reports user chats to police.
OpenAI admits to scanning user chats for harmful content, escalating risks to human reviewers and sometimes law enforcement, raising concerns about privacy and consistency in its policies.
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Trump repeats claim India will cut Russian oil imports
Trump reiterates that India has agreed to cut Russian oil imports following his conversation with PM Modi, though Delhi has not confirmed such a commitment.
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The U.S. collected a record-breaking $22.3 billion in tariff revenue in May.
President Donald Trump’s aggressive tariff strategy is causing widespread economic disruption globally, yet it is yielding unexpected gains at home.
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Apple Expands iPhone Production in India
Apple boosts iPhone production in India while facing U.S. tariff threats over Russian oil.
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TIKTOK surpasses Meta in revenue
ByteDance launches a $330B employee buyback as revenue surges, while pressure mounts over the sale of TikTok’s U.S. business.
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China become the world's largest exporter
China exported 1.07 million vehicles between January and March, marking a 58% year-on-year increase, according to the China Association of Automobile Manufacturers. In comparison, Japanese auto exports reached 954,185 units, reflecting a 6% increase.
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China announces 84% tariffs on US goods
China introduced retaliatory tariffs of 84% on US imports, matching the additional tariffs announced by US President Donald Trump earlier in the day, escalating the trade conflict between the two largest economies.
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