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Apple shares fall in premarket as Wall Street remains lukewarm on company’s AI vision and Musk quashes OpenAI iPhone plans

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Topline Shares of Apple fell in premarket trading Tuesday after the company debuted “Apple Intelligence” to much fanfare at its annual WWDC event, a highly anticipated insight into the tech giant’s vision for artificial intelligence that includes a long-rumored partnership with ChatGPT maker OpenAI confirms and wrath of Tesla billionaire Elon Musk. Apple CEO Tim … Read more

Automakers warn that heavily reduced EV prices to boost demand are ‘unsustainable’ as private sales fall again in May

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Automakers say current discounts offered on EVs to boost demand are 'unsustainable' as they - again - called on the government to step in with new incentives in the wake of slumping private sales

Carmakers have warned that their “attractive offers” on electric vehicles, aimed at boosting falling demand, are “unsustainable” and said the next government must step in to boost private sales. It comes as sales of electric vehicles to the general public fell by a further 2 percent in May, despite brands offering significant discounts in showrooms. … Read more

Oil prices fall as bearish sentiment increases | OilPrice.com

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Oil prices are under pressure as bearish sentiment increases as OPEC+ disappoints the market with its promise to extend voluntary cuts until the third quarter of 2024 and baseline cuts until the end of 2025. – Combining an in-person meeting in Riyadh with a hybrid online option for smaller producers, OPEC+ agreed to extend existing … Read more

SpaceX plans to launch the Starlink mobile service this fall

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SpaceX plans to launch its Starlink system for phones this fall, pending FCC approval. The company disclosed the target launch date in a filing on the commission’s new rules for providing satellite connectivity to U.S. airlines, known as “supplemental coverage from space.” “SpaceX supports virtually all of the Commission’s recent SCS orders and looks forward … Read more

Startups Weekly: Musk raises $6 billion for AI and the fintech dominoes fall | TechCrunch

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Welcome to Startups Weekly — Haje’s weekly roundup of everything you can’t miss in the world of startups. To register here to receive it in your inbox every Friday. In a twist that will shock absolutely no one and pyromaniacs who love to see money burn, Elon Musk’s latest venture, xAI, has secured a fortuitous … Read more

UK energy bills are unlikely to fall in the medium term, Ofgem has warned

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Stay informed with free updates Simply log in to the British energy myFT Digest – delivered straight to your inbox. UK energy bills are not expected to fall significantly over the next decade, partly due to the costs of building out the electricity network to support the shift to renewables, the chairman of the energy … Read more

The Rise and Fall of China’s ‘Bitcoin Queen’

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Jian Wen came to Britain to ‘enjoy the better things in life’. The 42-year-old drove an E-Class Mercedes-Benz, enjoyed a £30,000 Harrods shopping spree and enrolled her son in the prestigious £6,000-per-term Heathside Preparatory School, near her £5 million home. It wasn’t until she started building a global property empire, attempting to buy a £23 … Read more

A comet approaching Earth could become brighter than the stars this fall

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a fuzzy white orb leaves a tail behind it as it soars past background stars, which appear as streaks

In a year where we’ve already been treated to the ‘Great North American Solar Eclipse’ in April and one of the greatest displays of the Northern Lights in the last 500 years in May, what other amazing celestial attractions could 2024 have in store for us? ? How about a bright comet with the naked … Read more

UK inflation is expected to fall close to the Bank of England’s 2% target

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Sign up for our breaking news emails for free real-time breaking news alerts sent straight to your inbox Sign up for our free breaking news emails British inflation could approach the Bank of England’s target of 2 percent when the Office for National Statistics (ONS) releases the latest figures on Wednesday. The consumer price index … Read more