A $4 Billion Hedge Fund Is Shorting Tether"s Stablecoin
Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators. Decrypt reports: According to clients of the firm and reported by Bloomberg, Fir Tree has constructed a.....»»
India approves development of reusable launcher, space station module
The Indian government has approved $2.7 billion in new spending for its space program. Enlarge / Parvesh Sahib Singh Verma and Virendra Sachdeva, two members of Narendra Modi's ruling BJP party, celebrate the landing of India's C.....»»
Detailed model suggests organic matter on Mars was formed from atmospheric formaldehyde
Although Mars is currently a cold, dry planet, geological evidence suggests that liquid water existed there around 3 to 4 billion years ago. Where there is water, there is usually life. In their quest to answer the burning question about life on Mars.....»»
COVID-19 job losses impacted early withdrawal from retirement accounts: Study
Having a robust emergency savings fund could help people weather financial shocks, such as job loss during the COVID-19 pandemic, finds a new study from the Brown School at Washington University in St. Louis......»»
Picus Security raises $45 million to help organizations reduce cyber risk
Picus Security announced it has closed a $45 million growth investment round led by Riverwood Capital with the participation of existing investor Earlybird Digital East Fund, bringing Picus’ total funds raised to $80 million. Picus has over 500 ent.....»»
Data disposal and cyber hygiene: Building a culture of security within your organization
Data breach episodes have been constantly rising with the number of data breach victims crossing 1 billion in the first half of 2024. A recent Data Breach Report 2023 by Verizon confirms that 74% of data breaches are due to human errors. Although cyb.....»»
NASA Scientists "Howl in Terror" as They Discovered Disastrous Flaw in $5 Billion Spacecraft About to Launch
NASA Scientists "Howl in Terror" as They Discovered Disastrous Flaw in $5 Billion Spacecraft About to Launch.....»»
Google gets win from European court as €1.5 billion fine overturned
European Commission is likely to appeal the ruling. (credit: Shutterstock) Google has won an appeal against a €1.5 billion competition fine from the European Commission in a victory for the Big Tech group as it comes u.....»»
Hydden raises $4.4 million to improve identity security
Hydden announced that it has closed $4.4 million in seed funding led by Access Venture Partners. Other investors include Lockstep, the venture fund of CISOs Rinki Sethi and Lucas Moody, Service Provider Capital, and several cybersecurity angel invest.....»»
The promise of summer wheat in Zimbabwe
Africa currently imports around 40 million tons of wheat annually at a staggering cost of $15 billion. Most African countries rely heavily on wheat imports, with some importing up to 100% of their supply. However, countries like Ethiopia and Zimbabwe.....»»
Stellantis, UAW back at odds over future of idled Belvidere plant
The UAW is threatening to strike Stellantis if it doesn't recommit to a $4 billion plan that would reopen Belvidere Assembly and add three new facilities nearby......»»
Boeing risks losing billions as 33,000 workers vote to strike
Workers refused to waste leverage as Boeing deals with $45 billion debt. Enlarge / Union members cheer during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Wash.....»»
Hawk-eyed photographer snaps threatened bird feared lost
A hawk-eyed photographer has thrilled scientists by snapping a threatened bird of prey in Papua New Guinea, more than five decades since it was last officially documented, the World Wildlife Fund said Friday......»»
Self-driving tech spurs investment rebound in mobility sector
Investments in the mobility sector are perking up after a rough multi-year stretch, according to the latest data from financial insights firm Pitchbook. Deal vaues reached $6.7 billion in the second quarter in the segment......»»
Ford Pro CEO Ted Cannis to retire
Cannis has the commercial vehicle unit Ford created in 2021 on pace for $70 billion in revenue this year. Ford Blue CEO Andrew Frick will take over on an interim basis......»»
Denso goes workerless under new factory concept for Toyota Group
Denso's new ¥69 billion ($482.9 million) workerless plant will make advanced on-board computers that bundle together control of multiple functions in the car, accelerating the transition of Toyota's top supplier into a software-driven mobility compa.....»»
AWS is spending £8 billion to boost its UK cloud business
AWS UK expansion could support up to 14,000 jobs annually......»»
Apple must pay €13 billion in back taxes after losing final appeal
EU's top court also upholds €2.4 billion antitrust fine against Google. Enlarge (credit: Getty Images | SOPA Images ) Apple has suffered a significant defeat after the EU’s top court ruled that the iPhone maker must.....»»
Electrically modulated light antenna points the way to faster computer chips
Today's computers reach their physical limits when it comes to speed. Semiconductor components usually operate at a maximum usable frequency of a few gigahertz—which corresponds to several billion computing operations per second......»»
The moon had surprisingly recent volcanic activity, samples from Chinese space mission confirm
Volcanoes were erupting on the moon as recently as 120 million years ago, evidence collected by a Chinese spacecraft suggests. Until the last few years, scientists had thought volcanic activity ended on the moon around 2 billion years ago......»»
Witness 1.8 billion years of tectonic plates dance across Earth"s surface in a new animation
Using information from inside the rocks on Earth's surface, we have reconstructed the plate tectonics of the planet over the last 1.8 billion years......»»