Articles by Thea Felicity


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Scotland-England Electric Link to Power 2 Million Homes, Construction Starts 2028
Regulators have approved a £4.3 billion subsea cable project between Scotland and England, designed to enhance renewable energy transfer and boost energy security.
Huawei Prepares AI Chip to Rival Nvidia in China, Possibly Generating $2 Billion in Orders
Huawei is set to launch its Ascend 910C AI chip, designed to rival Nvidia’s restricted H100, with initial orders expected to top $2 billion.
Trump Seeks $100M in Damages Against DOJ Over FBI Mar-a-Lago Search
Donald Trump plans to file a $100 million lawsuit against the DOJ and FBI, alleging political bias in their search of his Mar-a-Lago estate.
VENEZUELA-CRISIS-ECONOMY-CURRENCY
Around $2.3 billion in dollar and euro banknotes have entered Russia since March 2022, with the country circumventing US sanctions through intermediary countries.
Markets Await Inflation Data to Guide Federal Reserve's Rate Cut Decision
As markets await crucial inflation data this week, investors hope it will allow the Federal Reserve to implement its anticipated interest rate cut next month amid recent market stability.
Bharti Acquires 24.5% Stake in BT for $4 Billion, Strengthening 5G and AI Collaboration
Bharti, the parent company of Airtel, has become British Telecom (BT)'s largest shareholder by acquiring a 24.5% stake for $4 billion to strengthen 5G and AI collaboration.
South Korea Holds Emergency Meeting Following Massive EV Fire That Forces Residents to Shelters
South Korea held an emergency meeting to address safety concerns over electric vehicles following a major fire that damaged 140 cars in an Incheon parking garage.
Tesla-Sunrun's Power Grid Program Promises $400 Annual Payout for Texas Homeowners
Tesla and Sunrun’s new partnership in Texas will pay homeowners $400 annually for contributing to the grid with their Tesla Powerwall batteries through a virtual power plant system.
Olympians Benefit from Surging Metal Prices, Making Paris Medals Worth More Than Ever
Gold medals at the Paris 2024 Olympics are now valued at around $900 due to soaring gold and silver prices.
Elon Musk’s X Wins Legal Battle Against Nonprofit Ad Group GARM
Elon Musk's X platform wins a lawsuit against the Global Alliance for Responsible Media (GARM), leading to GARM's dissolution as financial expenses and public backlash pile up.
Taylor Swift's Eras Tour Cancellations in Vienna Could Cost Insurance Companies Tens of Millions
Insurers are set to face high financial claims after three Taylor Swift concerts in Vienna were canceled due to a foiled ISIS attack; future policies might get affected as well.
Serbia's Lithium-Rich Region Protests Government-Backed and EU-Supported Mining Plans
Serbian residents fiercely oppose a lithium mining project backed by the Serbian government and the European Union, fearing environmental damage despite government assurances.
Chinese EV Makers Shift to Singapore as Charging Stations and Government Incentives Grow
Singapore is seeing a surge in Chinese electric vehicle brands like Zeekr and Xpeng as EV adoption ramps up by increasing charging ports and incentives.
UK Officials Warn Against Donating Eggs Just for the Money as HFEA Raise Donor Pay to £986
The UK's Human Fertilisation and Embryology Authority is raising egg donor compensation from £750 to £986 to address donor shortages, while urging that donations be motivated by altruism rather than financial gain.
Warner Bros Discovery Reports Nearly $10 Billion Loss as TV Assets Value Plummets
Warner Bros Discovery’s shares dropped 12% in premarket trading after announcing a $9.1 billion write-down and a $10 billion net loss, reflecting their ongoing struggles to keep up with other giant media.
New EU DORA Law Requires Banks to Strengthen IT Security and Manage Third-Party Risks by 2025
By January 2025, the EU's Digital Operational Resilience Act (DORA) will enforce stringent IT security standards for banks and their technology suppliers to boost cyber resilience and manage third-party risks.
Apple Intelligence AI Features in iOS 18 and New iPhones Expected to be Priced at $20
Apple may charge up to $20 for its upcoming AI features from "Apple Intelligence," to boost its services revenue and deepen user engagement as the AI sector becomes more expensive.
Rivian Beats Wall Street’s Estimates Despite Losses and Cost-Cutting Focus
Despite ongoing losses of over $1 billion, Rivian Automotive exceeded Wall Street's revenue and earnings estimates for Q2 2024 through cost-cutting measures.
South Africa’s New Energy Plan Proved Effective as Electricity Remains Stable Since March
South African government and Eskom’s energy plan proved successful as the country has not experienced any power outages for the past four months, the longest period of stable electricity in over four years.
Hyundai and Kia's Anti-Theft Software Upgrade Reduces Vehicle Theft by 64%
Recent Highway Loss Data Institute research shows that Hyundai and Kia's software upgrades have cut vehicle theft rates by 64% since February 2023.
Disney Reports Record Profit, Thanks to Combined Streaming Services
Disney exceeded expectations in Q3 report, achieving its first profit from combined streaming services and reporting earnings per share of $1.39, despite challenges in its parks and experiences segment.
Yum Brands Misses Revenue Target as Pizza Hut and KFC See Lower Sales
Yum Brands fell short of revenue expectations in the second quarter as Pizza Hut and KFC struggled with declining same-store sales, while Taco Bell saw a 5% increase.
China’s Drug Industry Warns National Security Risk Associated with Rising Foreign Takeovers
Foreign acquisitions of Chinese pharmaceutical companies have raised national security concerns, as industry experts worry about the potential impact on China's healthcare sector and access to essential medicines.
Australia Orders to End Work-From-Home Setup for Public Servants; Citing Need for Physical Presence
New South Wales, Australia, has mandated that all public employees return to office work starting August 6, reversing remote work policies due to debate on its impact on staffing and business activity.
Google Could Be Split Up After US Judge Found Illegal Monopoly Search
A US judge ruled that Google operates an illegal monopoly, controlling 90% of online searches and 95% of mobile searches, which may lead to a breakup of its parent company, Alphabet.
Saudi Aramco's Profit Dips to $29.1 Billion in Q2 as Oil Production Remains Low
World's largest oil company, Saudi Aramco, reported a 3% decline in second-quarter profits to $29.1 billion due to lower crude production but still plans to pay $124.2 billion in dividends this year.
US Tech Giants Suffer $1 Trillion Wipeout Following Massive Market Decline
Tech giants in the US lost approximately $1 trillion in market value this week due to recession fears and disappointing economic data, with sharp declines in Nvidia, Apple, and Amazon.
Elon Musk Reignites Legal Battle Against OpenAI and CEO Sam Altman Over Alleged Fraud
After dropping his lawsuit against OpenAI and CEO Sam Altman earlier this year, Elon Musk is reigniting the feud with an accusation of deceit and fraud by shifting from a non-profit mission.
Montreal to Be Canada’s First City with 24-Hour Bars and Clubs to Boost Local Economy
Montreal is set to become the first city in Canada to allow 24-hour drinking zones to reignite local tourism, but critics argue for lack of security and public transportation.
CrowdStrike Blames Delta Air Lines  For Extended IT Outage and $500M Loss
CrowdStrike denies responsibility for Delta Air Lines' extended IT outage, arguing that the airline mismanaged the situation and contributed to a misleading narrative about the incident.
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