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......
Morocco highways expect heavy traffic during May holidays and school break
Morocco’s national highway operator has warned of significant traffic volumes across the country’s motorway network during the upcoming Labor Day holiday and the coinciding school break. The surge is expected to affect several peak travel windows as families and commuters take advantage of the long weekend to travel between cities. Traffic......
UAE exit from OPEC raises risk of further departures
The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing in higher output capacity and those......
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......
STMicroelectronics unveils ultra low power sensors for smart wearables
STMicroelectronics introduced two ultra low power global shutter image sensors designed for smart glasses, augmented reality devices, virtual reality headsets, wearables, and medical electronics where energy efficiency is critical. The new sensors, named VD55G4 and VD65G4, join the company’s BrightSense portfolio and are built to deliver......
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......
Dubai luxury hotels shut down as Gulf tourism crisis deepens
The tourism and hospitality sectors across the Gulf are facing their most severe disruption since the COVID-19 pandemic as the conflict involving Iran continues to destabilize regional travel markets. Major hotels in Dubai have temporarily closed, airlines have reduced operations, and thousands of workers are confronting salary cuts and unpaid......
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......
Scientists outline 50 urgent questions to protect global peatlands
An international team of researchers has identified 50 priority questions aimed at shaping future peatland science and policy, warning that major knowledge gaps threaten efforts to protect ecosystems critical to climate stability. The study, published in Communications Earth & Environment, involved 467 peatland experts from 54 countries......
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......
China pledges stronger energy security as Iran war hits economies
China’s Politburo has pledged to strengthen national energy security as the economic fallout from the war involving Iran spreads across global markets. The commitment comes as countries from the Gulf region to Europe face rising inflation, slowing growth, and severe disruptions in energy supply chains linked to the continued closure......