Southwest Airlines plans major expansion of India innovation hub to 1,000 employees

Southwest Airlines has announced plans to significantly expand its newly established global capability centre in India, aiming to grow its workforce to around 1,000 employees over the next few years, according to a senior company executive. The hub, located in Hyderabad, marks the airline’s first major innovation and technology centre......

Marco Rubio calls for a “New Path” for Cuba amid rising tensions with Havana

Marco Rubio addressed the Cuban population in a video message released on social media, presenting what he described as a “new path” for the future relationship between the United States and Cuba. Speaking in Spanish, Rubio criticized the Cuban leadership and accused the authorities of corruption, economic control, and political......

Elon Musk could become the first trillionaire following SpaceX stock market debut

Elon Musk, already recognized as the world’s richest person, could soon become the first individual in history to reach a fortune of one trillion dollars. Financial analysts believe this milestone may be achieved after the expected stock market launch of SpaceX, which is reportedly being prepared for the coming months. According to......

Intuit announces major workforce reduction to strengthen AI strategy

Intuit, the American financial software company known for services related to taxes, accounting, and personal finance, is preparing a significant restructuring plan that includes reducing its global workforce by around 17%. According to reports based on an internal company memo, approximately 3,000 employees could be affected by the decision. Intuit......

GitHub internal repositories breached through malicious VS Code extension

GitHub has confirmed that nearly 3,800 internal repositories were compromised after an employee installed a malicious Visual Studio Code extension, exposing one of the most serious supply chain security incidents to affect a major software development platform in recent years. The intrusion was claimed by TeamPCP, a hacking group linked to......

Lowe’s maintains annual forecast despite weak U.S. housing demand

Lowe’s Companies Inc. has maintained its full-year financial forecast despite ongoing weakness in the U.S. housing market, which continues to affect consumer spending on home improvement projects. The company reported solid first-quarter sales that slightly exceeded market expectations, supported by steady demand from professional contractors......

Alibaba launches powerful AI chip to challenge Nvidia dominance in China

Alibaba has introduced its most advanced artificial intelligence chip to date alongside a new large language model, signaling a stronger push to reduce China’s reliance on foreign semiconductor technology. The announcement took place at the company’s annual cloud summit in Hangzhou, where the group outlined a broader strategy to......

AI financing drives record surge in U.S. convertible bond issuance

The rapid expansion of artificial intelligence is fueling a sharp increase in U.S. corporate financing activity, particularly in the convertible bond market, where companies are raising record levels of capital. Convertible bonds, which can be converted into company shares under certain conditions, have become increasingly attractive amid......

Qatar says Strait of Hormuz remains closed to normal shipping traffic

Qatar’s foreign ministry has stated that maritime traffic through the Strait of Hormuz has not returned to normal levels, rejecting suggestions that the strategic waterway is reopening. The announcement highlights continued disruption in one of the world’s most critical energy corridors, where only limited vessel movements have......

Bulgaria requests US visa-free travel for its citizens, says prime minister

The Prime Minister of Bulgaria, Rumen Radev, has stated that he raised the issue of visa-free travel for Bulgarian citizens during a phone conversation with U.S. President Donald Trump. The discussion comes as Sofia continues efforts to strengthen bilateral relations with Washington and secure easier mobility for its nationals. According......

Hyundai recalls over 54,000 vehicles in the US due to fire risk

Hyundai Motor Company is recalling more than 54,000 vehicles in the United States following concerns over a potential fire risk linked to hybrid system overheating, according to the National Highway Traffic Safety Administration (NHTSA). The recall affects certain 2024–2026 Elantra Hybrid models. Authorities stated that excessive electrical......

Google unveils new connected glasses featuring AI assistant Gemini

Google has introduced its latest smart glasses, marking a renewed attempt to enter the wearable technology market after the failure of Google Glass more than a decade ago. The new device, revealed during the company’s annual Google I/O event in California, is expected to launch in the fall. The glasses are equipped with a microphone,......

Oil market faces panic risk if Hormuz closure extends into June

HFI Research warned that global oil markets could enter a period of “real panic” if the Strait of Hormuz remains closed into the first week of June, as crude inventories continue falling toward critical operational levels and countries accelerate emergency stockpiling efforts. The firm said the market may already have crossed a......

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