Kone to acquire TK Elevator in $34.4 billion landmark deal

Finland’s Kone has agreed to acquire German rival TK Elevator in a transaction valued at 29.4 billion euros, or $34.4 billion, marking one of the largest corporate takeovers in Europe in recent years. The deal combines cash and shares and is set to reshape the global elevator industry by creating the world’s largest manufacturer......

After nearly 70 years of marriage, couple warns against harmful criticism

Rosalyn and Irwin Engelman have spent almost seven decades together, building a relationship shaped by consistency, shared routines, and mutual respect. They met in 1953 on a blind date and married in 1956. Both were young at the time, yet their relationship developed quickly and endured through careers, family life, and multiple moves across......

Ai model detects pancreatic cancer over a year before diagnosis

An artificial intelligence system can identify early signs of pancreatic cancer on routine scans more than a year before clinical diagnosis, according to new research. The model, known as REDMOD, analyzes subtle tissue patterns that standard imaging and human observation fail to detect, enabling earlier identification of one of the deadliest......

Goldman Sachs restricts Anthropic AI access for Hong Kong bankers

Goldman Sachs has blocked its Hong Kong-based bankers from accessing Anthropic’s Claude AI models through internal systems, reflecting a strict interpretation of its agreement with the US startup. The restriction has been in place for several weeks and applies specifically to Anthropic tools, while access to other providers such as OpenAI......

Amazon to offer OpenAI models on AWS after Microsoft exclusivity ends

Amazon is set to distribute OpenAI models through its cloud platform after Microsoft and OpenAI restructured their partnership, ending Microsoft’s exclusive licensing rights. The change allows OpenAI to expand its distribution across multiple cloud providers, opening direct access for Amazon Web Services customers. Amazon chief executive......

Bitcoin faces possible short squeeze as $1.4 billion bets cluster near $80,000

Bitcoin remained above $77,000 as nearly $1.4 billion in leveraged short positions accumulated near the $80,000 level, raising the possibility of a major short squeeze that could rapidly push prices higher if resistance breaks. Derivative market data shows that traders built large bearish positions during the past two days while Bitcoin climbed......

Norway wealth fund chief warns against AI driven job cuts

Nicolai Tangen, chief executive of Norges Bank Investment Management, warned companies against using artificial intelligence primarily as a tool for workforce reductions, arguing that aggressive job cuts could trigger public backlash and damage broader confidence in the technology. Speaking ahead of the fund’s annual investor conference......

Apple plans Ultra expansion with foldable iPhone and MacBook

Apple is preparing to expand its “Ultra” branding strategy beyond the Apple Watch, with plans for a foldable smartphone expected to launch as the “iPhone Ultra” and a redesigned premium laptop reportedly called the “MacBook Ultra.” The move would create a new product tier positioned above the company’s......

Hengli reshapes Singapore unit after US sanctions over Iran oil

The United States Treasury has imposed sanctions on Hengli Petrochemical, one of China’s largest independent oil refiners, accusing the company of purchasing billions of dollars worth of Iranian crude oil. The sanctions also target dozens of shipping companies and vessels allegedly involved in transporting oil linked to Iran through......

Bitcoin falls as Bank of Japan stance revives carry trade fears

Bitcoin fell below $77,000 after the Bank of Japan signaled a more hawkish policy direction despite keeping interest rates unchanged at 0.75 percent. The cryptocurrency dropped as low as $76,400 during early US trading, as investors reacted to growing expectations that Japanese rates could rise again in June. The Bank of Japan voted 6 to......

Ascend Airways collapses as Iran war drives aviation fuel crisis

British carrier Ascend Airways has entered liquidation as rising fuel costs linked to the war involving Iran intensify pressure across the global aviation industry. The collapse comes only three years after the airline launched operations and reflects growing financial strain on carriers facing surging operating expenses and disrupted travel......

JPMorgan says humanoid robotics industry reaches turning point

JPMorgan stated in a new research report that the humanoid robotics industry has entered a decisive phase, shifting from experimental validation to large scale deployment. The bank argues that the sector is moving rapidly toward industrial adoption, with investment increasingly concentrating around established platforms and specialized component......

General Motors reports 22% rise in core profit driven by strong US truck sales

General Motors reported a strong increase in its first-quarter performance, with core profit rising by 22% year-on-year, supported by solid demand in the US truck market and improved profit margins in North America. The Detroit-based automaker posted earnings before interest and taxes of $4.3 billion, or $3.70 per share, surpassing market......

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