21 dead in explosion at Chinese fireworks factory
An explosion at a fireworks factory in Hunan province, China killed 21 people and injured 61, with authorities deploying 500 personnel for rescue operations and investigating the cause.
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Rocket Lab reported record Q2 revenue of US$234m and a US$2.4b backlog, while CEO Peter Beck highlighted data centres in space as a growth opportunity following the company's US$8b acquisition of satellite operator Iridium.
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Fruit Fly Brain Emulation Controls Virtual Body in Physics Simulation
Researchers integrated a published fruit-fly connectome (125,000 neurons, 50M synapses) with neural simulators and physics modeling to create a virtual fly exhibiting walking, grooming, and feeding behaviors.
Valve Imports 50 Tons of Steam Machines as Supply Chain Catches Up
Valve imported 50 tons of game consoles in two days as it addresses delays to its Steam Machine launch, citing RAM supply chain disruptions affecting production timelines.
Spanish AI startup Aitheroscope uses retinal imaging to detect early atherosclerosis
Horus ML's Aitheroscope uses AI to detect subclinical atherosclerosis from retinal images in primary care, achieving 95% accuracy and addressing widespread underdiagnosis of cardiovascular disease.
Spirit Airlines' Fleet Dispersal: 91 Jets Repositioned Across 26 Airports
Spirit Airlines' bankruptcy has triggered a massive operational unwinding, with 91 aircraft being ferried across 26 airports while competitors offer rescue fares to stranded passengers.
Hotels Face World Cup Shortfall as Bookings Lag Projections
Nearly 80% of surveyed hotels report bookings below projections ahead of the World Cup, signaling potential revenue challenges for the hospitality sector weeks before the event.
Paramount Reaffirms Warner Bros. Deal Timeline Amid Strong Q1 Earnings
Paramount reports beating earnings expectations and reaffirms progress on its acquisition of Warner Bros., with streaming gains offsetting traditional TV declines.
GameStop shares tumble 10% as CEO dodges eBay acquisition questions
GameStop shares dropped 10% after CEO Ryan Cohen provided vague answers about the company's $56 billion offer to acquire eBay, with investor Michael Burry dumping his stake amid skepticism.
Palantir Crushes Q1 Expectations With 85% Revenue Growth, Raises FY Guidance
Palantir Technologies reported Q1 2026 revenue growth of 85% year-over-year, significantly exceeding consensus expectations, and raised full-year guidance to 71% growth.
Valve's New Steam Controller Sells Out in Minutes, Crashes Website
Valve's new Steam Controller sold out within minutes of release, causing the company's website to crash due to overwhelming demand from gamers.
Amazon's Logistics Expansion Triggers Sharp Selloff in FedEx, UPS Shares
Amazon expanded its logistics network to third-party businesses, prompting sharp stock declines for FedEx and UPS as investors assess competitive threat from the e-commerce giant's new supply chain service.
Dutch cruise ship stranded off Cape Verde after hantavirus outbreak kills 3
A Dutch cruise ship with 150 passengers is quarantined off Cape Verde after a suspected hantavirus outbreak killed three people and sickened others. The MV Hondius, returning from Antarctic waters, has been denied permission to disembark.
Bank CEO's AI Clone Conducts Meeting Undetected
A bank CEO deployed an AI clone to conduct a meeting without participants noticing, raising questions about AI authenticity and corporate governance in financial institutions.
Asus ZenBook S14 (2026): Premium Design Meets Performance, But Price Gives Pause
Asus ZenBook S14 2026 delivers elegant design, strong Intel performance, and exceptional battery life, but premium pricing limits its appeal despite being a polished ultraportable laptop.
KKR-backed Ascend Asia expands with three FA firm acquisitions, eyes open-architecture model
Ascend Asia, a KKR-backed holding company, acquired three financial advisory firms to build a network operating on open architecture principles, now managing S$3 billion in assets with over 2,000 advisers.
CEOs Rapidly Restructure C-Suite for AI Era, IBM Study Shows
IBM's 2026 CEO study reveals 76% of organizations now have Chief AI Officers, with CEOs redesigning C-suite structures and decision-making processes to operate AI-first across enterprises.
Asean, Japan, China, South Korea unite on oil supply risks amid Middle East crisis
Asean plus Japan, China, and South Korea's finance ministers expressed shared concerns about crude oil supplies disrupted by Middle East conflict, pledging regional cooperation and supply chain diversification.
Samsung Biologics strike costs $102M as union, management remain at odds
Samsung Biologics estimates a union strike has cost 150 billion won ($101.90M) due to production disruptions. Management and unions resume talks after failing to agree on pay increases and benefits.
GameStop launches $55.5B unsolicited bid for eBay, targeting Amazon rivalry
GameStop announced a $55.5 billion unsolicited takeover offer for eBay at $125 per share, representing a 20% premium. CEO Ryan Cohen aims to transform eBay into a competitor worth hundreds of billions by cutting costs and leveraging GameStop's retail footprint.
C&I Leasing Posts N500.4m Q1 Profit, Assets Surge Past N150bn
C&I Leasing Plc posted N500.4m profit after tax in Q1 2026, a 15.5% increase year-over-year, with gross earnings reaching N12.78bn and total assets surpassing N150bn milestone.
Market Watch: Nestle Cautious on Volatility as Maruti, Tata Motors Post Strong Growth
Multiple Indian companies report Q4 earnings with mixed signals: Nestle warns of input cost volatility, while Maruti, Tata Motors, and DMart show strong sales growth amid geopolitical uncertainties.
Analysts Back Healthcare Stocks Stryker and Establishment Labs With Buy Ratings
Multiple analysts issued buy ratings on healthcare companies Stryker and Establishment Labs Holdings, citing upside potential of 28-29% from current trading levels.
Washington Post rebukes Seattle mayor for dismissing tax-driven exodus concerns
Washington Post editorial board criticized Seattle Mayor Katie Wilson for dismissing concerns that high taxes are driving wealthy residents and businesses from the city, citing recent departures including former Starbucks CEO Howard Schultz.
Spirit Airlines nears completion of customer refunds after sudden shutdown
Budget airline Spirit Airlines ceased operations Saturday after years of losses, leaving thousands stranded. The company is nearly finished refunding customers as political blame centers on blocked merger and oil prices.