Author: potus
An Amazon warehouse in Warrington, England.Nathan Stirk | Getty ImagesLONDON — Amazon will invest £40 billion ($54 billion) in the U.K. over the next three years, the e-commerce titan announced Tuesday.The company said it plans to spend the money on building four new fulfillment centers — large warehouses where it prepares orders for delivery — as well as upgrades and expansions to its existing operations buildings across the country.The announcement was cheered by the British government, which has been courting investments from major tech players of late as it looks to boost domestic growth and productivity. U.K. monthly gross domestic…
Crypto company Digital Asset said Tuesday that it’s netted $135 million in funding from a raft of major names in banking and finance.The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs, BNP Paribas and Ken Griffin’s Citadel Securities also investing.The investment highlights how large financial institutions are embedding themselves in the once murky world of cryptocurrencies.Previously associated with fraud, money laundering and other illicit activities, digital assets have become a more mainstream asset class over the years as big names like…
President Donald Trump’s first appearance at NATO since returning to the White House was supposed to center on how the U.S. secured a historic military spending pledge of 5% GDP from each nation in the defensive alliance — with some exceptions.But the spotlight is now on Trump’s attempts to broker a ceasefire between Iran and Israel. The sharp U-turn in hostilities just hours before he departed for the summit is sure to dominate the discussions in The Hague, Netherlands.▶ Read updates about the Israel-Iran war Other news we’re following:Supreme Court lets Trump deport migrants away from home countries: In a…
AP Mobile App CTA Get the AP News App DUBAI, United Arab Emirates (AP) — A fragile ceasefire between Iran and Israel appeared to hold Tuesday after initially faltering, and U.S. President Donald Trump expressed frustration with both sides, saying they had fought “for so long and so hard” that they didn’t know what they are doing.After the truce was supposed to take effect, Israel accused Iran of launching missiles into its airspace, and the Israeli finance minister vowed that “Tehran will tremble.”The Iranian military denied firing on Israel, state media reported, but explosions boomed and sirens sounded across northern…
Illustration of the national flag of the People’s Republic of China and a mining site. Craig Hastings | Moment | Getty ImagesBeijing has been stepping up controls on rare earth exports, triggering global shortages and exposing industries’ dependence on Chinese supply chains. However, over recent years, China itself has become reliant on rare earth supplies from an unexpected source: the relatively small and war-torn economy of Myanmar. While China is the world’s top producer of rare earths, it still imports raw materials containing the coveted metals from abroad.Myanmar accounted for about 57% of China’s total rare earth imports last year, Gracelin Baskaran,…
A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, on June 22, 2025Joel Angel Juarez | ReutersTesla was contacted by the National Highway Traffic Safety Administration on Monday after videos posted on social media showed the company’s robotaxis driving in a chaotic manner on public roads in Austin, Texas.Elon Musk’s electric vehicle maker debuted autonomous trips in Austin on Sunday, opening the service to a limited number of riders by invitation only.In the videos shared widely online, one Tesla robotaxi was spotted traveling the wrong way down a road, and another was shown braking hard in the middle…
(The Center Square) – Several major health insurance companies are vowing to make changes to simplify their prior authorization process and improve Americans’ access to timely health care.U.S. Health and Human Services Secretary Robert F. Kennedy Jr. and Medicare & Medicaid Administrator Dr. Mehmet Oz announced the changes during a news conference Monday afternoon. HHS Secretary RFK Jr. discusses health insurance prior authorization The initiative comes after administrative barriers and wait times have made it trickier to access health care promptly in recent years. This includes prior authorization, which requires health-care services to be approved by insurers before care can…
Mustafa Hatipoglu | Anadolu | Getty ImagesMeta spoke with artificial intelligence startup Runway about a potential takeover ahead of its multibillion-dollar investment in Scale AI, CNBC confirmed Monday.Runway is best known for its AI video-generation tools and earned a spot on CNBC’s Disruptor 50 list earlier this month.The deal talks between Meta and Runway did not progress far and dissolved, according to a person familiar with the matter who asked not to be named due to the confidential nature of the discussions.Bloomberg earlier reported the talks. Meta declined to comment.Meta CEO Mark Zuckerberg has been aggressively pushing to bolster his…
(The Center Square) – Wolfspeed, the silicon carbide power solutions company headquartered in North Carolina once in line for three-quarters of $1 billion from the Biden administration, is filing for Chapter 11 bankruptcy.In a release on Sunday, the company that calls Durham home and had plans for a manufacturing facility in Siler City said the move strengthens its capital structure. Wolfspeed said it would move fast and hope to emerge from bankruptcy by the end of the third quarter this calendar year.Wolfspeed in October had a memorandum of understanding for $750 million from the previous presidential administration. The infusion was…
(The Center Square) – Global industrial gases company Linde announced Monday it will invest more than $400 million to build the largest air separation unit along the Mississippi River, a major addition to Louisiana’s expanding low-carbon manufacturing corridor.The new facility, to be located in Donaldsonville on the West Bank of Ascension Parish, is expected to begin construction in 2026 and start up by 2029. It will supply nitrogen and oxygen to Blue Point Number One — a $4 billion low-carbon ammonia production project developed by CF Industries, JERA, and Mitsui & Co.The state of Louisiana offered Linde what it called…