Google to showcase AI, new Pixel phones at surprise Aug 13 event, the Verge reports

(Reuters) – Google will showcase artificial intelligence features, and updates to its Pixel devices and the Android platform at a special event on Aug. 13, according to invites shared online by the Verge and tech commentator Marques Brownlee. The event will be held at Google’s Mountain View headquarters, and have a keynote beginning at 10 am PT (5 pm GMT) followed by a “hands-on product experience”, according to the invite graphic. The Alphabet unit did … Read more…

RTX’s Collins in talks to drop ISS spacesuit contract with NASA, sources say

By Joey Roulette WASHINGTON (Reuters) – RTX Corp subsidiary Collins Aerospace is in talks with NASA to back out of its contract to build new spacesuits for astronauts on the International Space Station, setting back the agency’s bid to modernize its decades-old spacesuits, according to two people familiar with the discussions. The contract was part of $3.5 billion awarded to both Collins and Axiom Space by NASA in 2022. A breakdown of the contract was … Read more…

US voters prefer Trump on economy, Biden on democracy, Reuters/Ipsos poll finds

By Jason Lange WASHINGTON (Reuters) – U.S. voters see Republican presidential candidate Donald Trump as the better candidate for the economy but prefer his Democratic rival President Joe Biden’s approach on preserving democracy, a new Reuters/Ipsos poll found. The three-day poll that concluded on Sunday showed that less than five months before the Nov. 5 election, the electorate is divided on the candidates’ approach on the issues that respondents view as the top two problems … Read more…

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AI stocks to leave big impact on Russell reconstitution

By Chuck Mikolajczak and Lewis Krauskopf NEW YORK (Reuters) – Investors are gearing up for the final reconstitution of the benchmark indexes by FTSE Russell on Friday, with the furious rally in artificial intelligence (AI) related stocks over the past year expected to leave an outsized imprint on their final shape. The Russell Reconstitution, an event that typically results in one of the busiest trading days of the year, will become official after the closing … Read more…

Sanctions damaging safety at sea, says sanctioned ship group Sovcomflot

LONDON (Reuters) – Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted, the chief executive of sanctioned Russian shipping group Sovcomflot said. The European Union imposed sanctions on Russia’s state-owned and top tanker company Sovcomflot (SCF) and its CEO Igor Tonkovidov, according to the measures published in the EU’s Official Journal on Monday. Earlier this year, the U.S. Treasury’s enforcement arm OFAC separately designated 14 … Read more…

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AT&T wants Big Tech companies to pay into telecom, broadband subsidy fund

WASHINGTON (Reuters) – AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband services. Under current law, fees are assessed on wireless and landline telephone service subscribers to support the Universal Service Fund. “The seven largest and most profitable companies in the world built their franchises on the internet and … Read more…

Electric-vehicle maker Rivian simplifies output, cuts costs, aiming for first profit

By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing process is a 35% reduction in cost of materials for vans and savings of “similar magnitude” for its other lines, … Read more…

Women in US have just 1/3 of men’s retirement savings, Prudential report says

By makailah gause NEW YORK (Reuters) – Women in the U.S. have saved just a third of the amount that men have set aside for retirement, setting up a potential crisis among female retirees, according to a Prudential Financial survey released on Monday. On average, men had saved $157,000 for retirement, while women had only put aside $50,000 according to a survey of 905 U.S. adults between the ages of 55 and 75. “The financial … Read more…

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Wegovy-maker Novo Nordisk to spend $4.1 billion to boost US manufacturing

By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popular weight-loss treatment Wegovy and diabetes drug Ozempic, it said on Monday. Construction of the plant at Novo’s existing main U.S. manufacturing site in Clayton, North Carolina, will be completed between 2027 and 2029, and will add 1,000 workers to the 2,500 already employed there, … Read more…

Drone attack causes damage to vessel west of Yemen’s Hodeidah

CAIRO (Reuters) – A drone attack caused damage to a merchant vessel 65 nautical miles west of Yemen’s Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) and British security firm Ambrey said on Sunday. “All crew members are reported safe, and the vessel is proceeding to its next port of call,” UKMTO said in an advisory note. In a separate note, Ambrey identified the vessel as a “Liberia-flagged fully cellular container ship”, without providing its … Read more…

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