Industry

New Zealand to Ban Disposable Vapes, Hike Fines for Retailers Selling to Minors to Discourage Vaping Among Youth

New Zealand announced Wednesday that it would soon ban single-use vapes and raise penalties against those who sell these disposable e-cigarettes and tobacco cigarettes to minors.


Citigroup Sells Most Non-US Consumer Businesses as Its Biggest Overhaul Progresses

Citigroup has sold its non-US consumer business operations in nine out of 14 regions and "substantially wound down" three more in Korea, Russia, and China.

Sam Bankman-Fried Lawyers Denounce DOJ's Proposed 50-Year Sentence for Ex-FTX CEO: 'That is Not Justice'

Sam Bankman-Fried's defense team said the Department of Justice's "disturbing" sentencing letter last week misrepresented the FTX founder.

Elon Musk Says AI Will 'Probably' be Smarter Than 'All Humans Combined' in 2029; Meta's AI Chief Disagrees

Elon Musk has made a bold claim that artificial intelligence (AI) may be smarter than all humans combined by 2029.


Latest News

Nvidia unveils Blackwell AI chip priced $30-40k, boasting 30x performance boost with 25x energy efficiency.
JD Sports faces backlash over an "irresponsible" ad featuring bikers wearing Nike Air Max 95s, sparking safety concerns and criticism from motorcycle groups.
Singtel partners with NVIDIA for new AI Chips that launch GPU-as-a-Service (GPUaaS), offering on-demand access to AI-powered cloud computing with accelerated graphics processing units (GPUs).
China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.
Nvidia has partnered with Johnson & Johnson to develop new AI applications to help doctors perform surgery.
An Arizona State University-led consortium with over 70 partners received $40 million from the US Department of Defense under the CHIPS Act.
EPA's landmark ban on asbestos in the US prioritizes public health and targets chrysotile asbestos in products, with support from lawmakers and advocates, advancing cancer prevention efforts nationwide.
Joann Fabrics, a stalwart in the industry for 80 years, faces bankruptcy due to overwhelming debt. However, with new financing, it aims for a swift restructuring to maintain operations.
United Airlines CEO Scott Kirby assures that they prioritize safety amid recent flight problems concerning Boeing planes, pledging improvements in training and procedures to return trust in the aviation industry.
Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.
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