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OpenAI Negotiates with Microsoft for New Funding, Future IPO: Report OpenAI Negotiates with Microsoft for New Funding, Future IPO: Report OpenAI and Microsoft are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business Microsoft will receive in exchange for the more than $13 billion (roughly Rs. 1,10,089 crore) it has invested in the company to date, the report said. It said Microsoft is offering to give up some of its equity stake in exchange for access to new technology developed beyond the 2030 cutoff. They are also revising terms of a wider contract, first drafted when Microsoft initially invested $1 billion (roughly Rs. 8,468 crore) into OpenAI in 2019, the report said. Microsoft declined to comment on the report. OpenAI did not immediately respond to Reuters’ requests for comment. OpenAI has told investors it will share a smaller fraction of revenue with its largest backer as it moves ahead with restructuring, The Information reported last week. In January, Microsoft changed some terms of a deal with OpenAI after entering a joint venture with Oracle and Japan’s SoftBank Group to build up to $500 billion (roughly Rs. 42,31,440 crore) of new AI data centers in the US. © 2025 Bloomberg LP (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) Source link #OpenAI #Negotiates #Microsoft #Funding #Future #IPO #Report Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Global perceptions of US fall below China, survey says Global perceptions of US fall below China, survey says COPENHAGEN (Reuters) – Global perceptions of the United States have deteriorated across the world over the past year and are now worse than views of China, according to an annual study of perceptions of democracy published on Monday. The survey did not go into details on the criteria used, but the Alliance of Democracies Foundation which commissioned it says its aim is to defend and advance democratic values. When asked why perceptions of the U.S. had slipped, Alliance founder and former NATO Secretary General Anders Fogh Rasmussen said: “President Trump has triggered a trade war, scolded Ukraine’s president in the Oval Office, left allies feeling vulnerable and enemies emboldened.” “It’s no surprise that opinions have slipped even among people like me who spent their lives admiring the United States and what it stood for,” he added. Trump has said he is pushing for a peace deal between Russia and Ukraine and on Thursday called for a 30-day unconditional ceasefire between the two countries. He has also said that tariffs are defending the U.S. economy against what his administration sees as unfair trade conditions. The conclusions in the Democracy Perception Index survey, conducted between April 9 and 23 with polling firm Nira Data, were based on more than 111,000 respondents worldwide, the Alliance said. The perception of Trump was negative in 82 of the 100 countries surveyed, higher than Russian President Vladimir Putin and ******** President Xi Jinping, who were viewed negatively in 61 and 44 countries, respectively. The survey also ranked the perception of countries from -100% to +100%. The net perception rating of the United States fell to -5% from +22% last year, indicating a greater number of respondents with a negative view of the country compared with those with a positive view. The share of countries with a positive image of the U.S. dropped to 45% from 76% last year, the survey showed. For China, the net perception rose to +14% this year from +5% last year, the survey found. The report was published ahead of the Copenhagen Democracy Summit, which takes place on May 13-14. (Reporting by Louise Breusch Rasmussen and Jacob Gronholt-Pedersen; Editing by Andrew Heavens) Source link #Global #perceptions #fall #China #survey Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Doom: The Dark Ages review – id Software gets medieval in a dramatic rewrite of the shooter’s rules | Games Doom: The Dark Ages review – id Software gets medieval in a dramatic rewrite of the shooter’s rules | Games Billed as a prequel to id Software’s 2016 revival of Doom, The Dark Ages is about as different as it could be from its predecessors while remaining recognisably part of the series. Where 2020’s Doom Eternal was about speed and evasion, The Dark Ages emphasises standing your ground. Where Eternal involved picking off enemies one by one, The Dark Ages empowers you to obliterate dozens of demons simultaneously. Where Eternal saw you juggling rapid-fire weapons in a finger-cramping frenzy, The Dark Ages lets you solve most problems by hitting things ferociously hard. Ripping and tearing are out. Blunt force trauma is in. The kernel of The Dark Ages’ combat stretches back to the 1993 original, inspired by the slow-moving projectiles fired by enemies such as imps, cacodemons, and hell knights. The Dark Ages empowers most of its enemies to shoot such projectiles, making its interdimensional battlefields glow with drifting fireballs, scudding orbs and floating energy barriers. Interdimensional battlefields glow with energy. Photograph: id Software You must navigate these obstacles as a slower, heavier Doom Slayer, one so physically dense he triggers a thunderclap when landing from a height. Indeed, it feels like he shouldn’t need the shield which forms your primary defence against these projectiles. It can be used simply to block oncoming missiles, but certain attacks can also be deflected, returning them to sender. Successfully countering a projectile can stun its shooter, opening them up for a finishing “glory kill”. While still bone-crunchingly vicious, these executions are generally less elaborate than in previous games, often (but not always) reduced to a straightforward punch or kick. Many demons attack hand-to-hand in patterns it’s beneficial to memorise, while the largest and toughest foes are nearly all close-range duellists. These face-offs tend to take place within much larger battlefields, where smaller enemies prowl in their dozens and rows of undead shield-bearers guard their larger leaders. Id Software has devised several new weapons to deal with these infernal legions, such as a ******-impaling rail-spike launcher, or a gun that shreds enemies with the shrapnel of crushed skulls. The scale is impressive. Photograph: id Software It’s a fascinating reformulation of the core ideas of Doom, and learning the rhythm of its shooting is as fun as witnessing its devastating effect. It is an easier riff to master than Eternal, however, while the slower pace and less stringent toolset mean that, at its highest level, it doesn’t produce the same adrenaline rush. It doesn’t help that the system is stretched over the flabbiest game id Software has made. The Dark Ages’ 22 levels are all vast in scope, and many are open-ended, letting you pick your battles and unpick their secrets in whatever order you choose. Yet although the scale is impressive, the levels can be wearying to traverse, and it doesn’t always feel as if the game makes the most of this real estate from a combat perspective. Id Software tries to counterbalance the slower pacing by mixing up how you explore. Some maps see you piloting an enormous mech called an Atlan, punching mountain-sized demons in slow-motion combat. Others involve flying around on the back of a dragon. There’s novelty value here, but the game doesn’t really know how to make either a meaningful experience. These parts are reminiscent of the obligatory vehicle sections that plagued shooters in the noughties, and the best I can say for them is they don’t crop up too often. That said, I admire how much more experimental Doom: The Dark Ages is than it needed to be. Far from resting on its laurels, id Software seems possessed by a Nintendo-like urge to innovate. It wants Doom to be the shooter that rewires how you think about the genre with each new entry. The Dark Ages isn’t as successful at doing so as id Software’s earlier fare, but it is nonetheless a highly accomplished, smartly designed shooter that, at its best, hits like a truck. Doom: The Dark Ages is released on 15 May, £70 Source link #Doom #Dark #Ages #review #Software #medieval #dramatic #rewrite #shooters #rules #Games Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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China and US agree to slash tariffs – Financial Times China and US agree to slash tariffs – Financial Times China and US agree to slash tariffs Financial TimesLive: US and China to announce trade deal progress, stocks move higher ReutersMay 11, 2025 – Donald Trump presidency news CNNUS-China agree on trade consultation platform amid sky-high tariffs PoliticoUS and China agree to slash tariffs for 90 days BBC Source link #China #agree #slash #tariffs #Financial #Times Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Elizabeth Holmes’s partner reportedly raises millions for blood-testing startup | Elizabeth Holmes Elizabeth Holmes’s partner reportedly raises millions for blood-testing startup | Elizabeth Holmes Elizabeth Holmes’s romantic partner – the father of her children – reportedly has raised millions of dollars to start up a new blood-testing company that is strikingly similar to the one that landed the Theranos founder in federal prison. The fundraising comes as Billy Evans, an heir to a hotel fortune, is pitching his new company, Haemanthus, to potential investors, according to the New York Times. Evans’s pitch: a health-testing company that can make diagnoses from users’ blood, ****** and saliva. Haemanthus’ pitch and those made by the Holmes-helmed Theranos share a few significant similarities. Holmes launched Theranos in 2003 after her health-testing tech startup received significant investment from high-profile multimillionaires. She claimed her company had developed technology to rapidly and accurately test small amounts of blood to provide diagnoses. Meanwhile, in a January patent, Haemanthus indicated it can use its technology to test sweat, ******, saliva and small amounts of blood for diagnoses. The company led by Evans, who has two children with Holmes, was incorporated in February 2024 – and it has indicated that it was set to begin running tests for animals before conducting testing on humans. Theranos’s claims about its technology helped its valuation balloon, reaching its $9bn peak in 2014. But bombshell investigations from the Wall Street Journal revealed that Theranos’s claims were largely false. The tests were illegitimate, providing false results. The scandal peaked when the company was dissolved in 2018. Later that same year, Holmes and the company’s president were charged with fraud. Holmes was sentenced to 11 years prison in 2022 for defrauding investors. Haemanthus’ marketing materials, reviewed by the New York Times, show that the company’s technology will use a laser to scan blood, saliva or ****** from pets and “analyze the samples on a molecular level”. The technology then would require only a matter of seconds to detect illnesses, ******* or infections. According to the Times’ report, the marketing materials say the Haemanthus’ long-term goals include developing a small, wearable version of the device for humans. Several investors have already passed on the pitch, according to the Times report. But, while reportedly being advised by Holmes, Evans has been able to raise almost $20m from friends and other investors. Evans met Holmes in 2017 amid the fraud investigation that resulted in her imprisonment. He reportedly lives in Texas with their children while Holmes is serving time in a federal prison about two hours away. Source link #Elizabeth #Holmess #partner #reportedly #raises #millions #bloodtesting #startup #Elizabeth #Holmes Pelican News View the full article at [Hidden Content]
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New Zealand police ‘pause’ search for missing hiker New Zealand police ‘pause’ search for missing hiker Sarah Turnnidge BBC News, Bristol Simon Atkinson BBC News, Australia Handout Eli Sweeting was reported missing after failing to return from a solo hike Search efforts for a British hiker who has been missing for more than a week in New Zealand have been “paused”, police have said. Eli Sweeting, 25, who is originally from Bristol, was reported missing on 4 May after failing to return from a solo hike up Mitre Peak, a steep mountain on the country’s South Island. A large-scale search was launched with teams of local volunteers alongside helicopters and search dogs, and some of his family flying out to help. But on Monday afternoon, local time, Insp Matt Scoles, acting commander for the district, said police had made the “difficult decision” to pause search efforts. “We have been supporting the tramper’s [hiker’s] family and we know this is difficult news for them to hear at what has been an incredibly distressing time,” he said. “While the search has now been paused, we will be reviewing our efforts and looking to see if there is anything further we can do.” Getty Images Police described the terrain around Mitre Peak as “extremely dangerous” In a fundraising post, Mr Sweeting’s sister, Serena Sweeting, said he was an “experienced climber” who had “hiked in this terrain many times”. Insp Coles said the Milford Sound area, where the search had been focused, was “extremely dangerous and challenging terrain”. “We have focussed on searching the route used by climbers as well as an aerial search of the entire area using two helicopters and thermal imagery. Additionally a drone has also been deployed,” he said. The search party had focused on a route heading down the mountain after spotting a light there, but the dense forest created issues with detecting movement. Police remain in frequent contact with the family, Insp Coles added. Source link #Zealand #police #pause #search #missing #hiker Pelican News View the full article at [Hidden Content]
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How the EU’s new software liability rules are redefining software accountability How the EU’s new software liability rules are redefining software accountability The harsh reality of modern software development and delivery is that many organizations compromise on software quality to prioritize speed. We’ve witnessed the disastrous consequences of poor quality assurance time after time. Last year’s $5.5bn CrowdStrike outage demonstrated just how crippling the effect that failing to prioritize testing can have. And with the European Union preparing to enforce its updated Product Liability Directive (PLD) in late 2026, there are many new rules and responsibilities that software makers need to be aware of in order to minimize any associated liability risks. The PLD update introduces major changes for software producers that emphasize safety and accountability in the face of complex software systems. Designed to protect consumers in a world increasingly dependent on software, it means that software makers will automatically be responsible if their product has safety issues. You may like They will be on the hook for problems and defects that show up post-release, as well as issues caused by third-party add-ons and even changes made by AI that make the software unsafe. There is no need to prove negligence; the fact that the software caused harm is enough to hold them liable. In this new world, testing will play an even more critical role in identifying safety threats and taking preventative measures. Andrew Power Social Links Navigation Head of *** & Ireland at Tricentis. A broader liability net Under the new directive, software producers will be held liable for safety defects leading to personal injury, property damage, or material loss, regardless of negligence or intent. This applies whether the software is embedded in hardware, provided as a cloud service, or installed on a device. Injured parties will have to demonstrate harm and a causal link to a defect but are not required to prove misconduct by the producer. Liability isn’t just limited to software production, either. Post-release updates introduce an added layer of accountability, with defects emerging from authorized software updates, evolving AI behavior, or the failure to provide necessary security patches all representing areas of responsibility. An everyday example could be a GPS navigation app providing incorrect and potentially unsafe directions due to a faulty update. This type of error highlights how seemingly minor software updates, if left unchecked, can pose safety risks, reinforcing the need for rigorous testing and quality control in software development and maintenance. Software providers are also responsible if third-party components have safety issues, so due diligence must be given to the integration of external elements. For example, if third-party software integrated by a medical device manufacturer for a heart rate monitor has a bug that causes inaccurate readings, patients could be misdiagnosed or not receive critical medical attention. Even though the defect originated in an external component, the heart rate monitor manufacturer could still be held accountable under the updated PLD. Thorough supplier oversight and integration testing are, therefore, key. One further key inclusion to the update is liability for digital manufacturing files – software that provides instructions for automated production. If a faulty design file causes the production of unsafe physical products, the software provider could face legal consequences. These provisions emphasize the need for meticulous oversight in software deployment, updates, and integrations. Steps to help minimize liability risks With compliance taking full effect in December 2026, organizations have a critical window to align their processes and products with the new PLD requirements to minimize potential liability exposure. Software producers must prioritize safety at every stage of development and maintenance, acknowledging that an effective product is not necessarily a safe product. They must go beyond functional testing to evaluate safety risks comprehensively. While testing for every foreseeable use and misuse scenario may not be feasible, they can continuously reassess and reprioritize risks based on current knowledge and emerging threats as their products evolve. Implementing continuous safety-focused risk assessments and testing throughout the product lifecycle will be crucial in detecting and addressing potential hazards before they escalate. Designing software to perform safely even when users act negligently is essential, and incorporating diverse perspectives in development teams can help identify overlooked risks. Conducting safety-related regression testing and benchmarking will help detect the introduction of unsafe behavior over time, while interactive, problem-seeking exploratory testing will be essential in uncovering previously unknown safety issues. Frequent safety assessments are also necessary to ensure that evolving software remains within safety parameters, particularly as AI-driven adaptations and post-release updates introduce new variables. AI tools and machine learning systems must be continuously tested and monitored to detect and prevent unsafe behaviors evolving from learning processes. Safeguards and benchmarks should be in place to detect and correct these risks before they pose harm, with rapid response protocols developed to restore systems if safety is compromised. Managing third-party components is another key consideration. Thorough integration testing and robust oversight of external software elements can reduce liability exposure. Establishing clear contractual agreements with third-party providers will help define safety responsibilities. Ensuring effective updates and cybersecurity measures is also critical. Regular patches should enhance safety without introducing new vulnerabilities, and cybersecurity strategies must proactively counter emerging threats. Users should also be educated on the importance of updates to maintain security and compliance. Last but not least, companies need to be prepared for regulatory scrutiny. Comprehensive documentation of safety measures and testing will be required to demonstrate compliance while balancing transparency with intellectual property protection. Planning ahead The EU’s updated Product Liability Directive signals a new era of accountability for software producers. The heightened focus on consumer protection demands proactive safety measures, thorough risk assessment, and continuous monitoring. Software producers can mitigate liability risks and build trust in an increasingly software-driven world by prioritizing safety, reinforcing cybersecurity, and adopting rigorous testing methodologies. The evolving regulatory landscape underscores that software safety and accountability are no longer optional but an obligation that must be integrated into every stage of software development and deployment. We’ve compiled a list of the best patch management software. This article was produced as part of TechRadarPro’s Expert Insights channel where we feature the best and brightest minds in the technology industry today. The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc. If you are interested in contributing find out more here: Source link #EUs #software #liability #rules #redefining #software #accountability Pelican News View the full article at [Hidden Content]
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Treasury Secretary Scott Bessent: US and China agree to slash tariffs for 90 days Treasury Secretary Scott Bessent: US and China agree to slash tariffs for 90 days The US and China have agreed to suspend most tariffs on each other’s goods in a move that shows a thawing of trade tensions between the world’s two largest economies. “We had very productive talks and I believe that the venue, here in Lake Geneva, added great equanimity to what was a very positive process,” US Treasury Secretary Scott Bessent said in a news conference. “We have reached an agreement on a 90-day pause and substantially move down the tariff levels. Both sides on the reciprocal tariffs will move their tariffs down 115 per cent,” Bessent said. More to come Source link #Treasury #Secretary #Scott #Bessent #China #agree #slash #tariffs #days Pelican News View the full article at [Hidden Content]
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Revenue Powerhouse Nvidia (NVDA) Plots Return to Stock Stardom Revenue Powerhouse Nvidia (NVDA) Plots Return to Stock Stardom Whenever I analyze Nvidia (NVDA), I see a company perfectly poised to reap the tremendous value of AI growth today. Nvidia isn’t simply along for the ride. It’s creating the tools by making meaningful chips, software, and services that power AI systems. I’m enthusiastic and bullish about its potential because of its leadership position and pioneering attitude. However, investors must monitor changing economic trends, emerging AI advancements, and geopolitical risks. Nvidia (NVDA) vs. S&P 500 (SPY) Just yesterday, DBS analyst Fang Boon Foo maintained his bullish stance on NVDA stock by reiterating his Buy rating and citing NVDA’s dominance in the AI-chip market as a “significant factor” underpinning the company’s lead in cutting-edge GPUs for high-powered applications such as AI and machine learning. The analyst also sees NVDA’s plans to regularly upgrade its AI accelerators with Blackwell chips as a reason to expect eight consecutive quarters of substantial revenue increases when NVDA reports Q1 earnings later this month. Nvidia hardware dominates now, but emerging open-source AI tools like DeepSeek’s large language models (LLMs) and Mixture-of-Experts (MoE) architectures present intriguing possibilities. DeepSeek constructed a strong model similar to GPT-4 with considerably fewer GPUs—only 2,048 Nvidia H800 units, while tens of thousands are normally required. DeepSeek’s method dramatically reduces the computing power needed by using only essential model parts for each request. This could slow down the future need for GPUs. Now, more people can use AI, which helps Nvidia, but there might be less demand later if these methods are widely used. In particular, companies may choose smaller, improved AI systems, leading to buying fewer GPUs for each use. These cheaper offerings are the product of optimized algorithms and model advancements, including 4-bit quantization and sparsity. However, Nvidia’s forward investment in software infrastructure, such as TensorRT and Triton Inference Server, continues to make its hardware appealing despite such efficiency gains. From a macroeconomic perspective, President Trump’s and Treasury Secretary Scott Bessent’s re-election provides compelling reasons for Nvidia to be hopeful. Their policies, particularly reduced corporate taxes, accelerated depreciation, and encouragement of technological research and development, are likely to yield significant benefits. Specifically, permitting businesses to fully depreciate their technology expenditures will enhance the demand for Nvidia’s hardware as enterprises ramp up investments in AI infrastructure. Story Continues U.S. Treasury Secretary Scott Bessent at the Senate Finance Committee in 2025 Bessent’s latest remarks reveal a strategy favoring tax benefits for industries like AI and quantum computing, underscoring the government’s pro-growth stance. Lower business taxes and sensible expense guidelines might substantially drive Nvidia’s net income and earnings per share upward, boosting the company’s intrinsic value. In addition, expected deregulation to streamline infrastructure projects would help Nvidia, as it would lower the hurdles for its data center customers. More straightforward approvals for major infrastructure could lead to more AI projects, driving Nvidia hardware sales. Also, bullish expectations for monetary policy, including possible interest rate cuts in late 2025, could lower financing costs for Nvidia’s customers, thus lengthening the AI investment cycle. Yet, Nvidia’s future is not free of peril, especially from geopolitical risk. Trump’s unpredictable trade policy (slapping triple-digit tariffs on ******** imports and baseline universal tariffs of 10%) poses a clear and present danger to Nvidia’s operating strategy. Tariffs have also been suggested for Taiwan, Nvidia’s main ally for manufacturing. These tariffs could deeply affect Nvidia’s normally high margins or require passing the cost on to purchasers, potentially affecting top-line growth. Reshuffling the supply chain, including moving assembly to the U.S., will eventually mitigate the tariff impact, but it requires time. Main Street Data showing NVDA’s revenue sprawl split by geographic region Additionally, worsening U.S.-China tensions jeopardize Nvidia’s ******** market, which accounts for about 20% of its data center revenue. China’s possible retaliatory actions, such as preferring local AI chip vendors like Huawei’s HiSilicon, could meaningfully dent Nvidia’s long-term growth outlook in the region. Therefore, Nvidia’s geopolitical risk is a key consideration for investors. My base-case projection sees Nvidia steady as the initial AI hype fades away, landing at approximately $5 in TTM non-GAAP EPS by the middle of May 2026. With a 32x non-GAAP P/E multiple (a conservative investor sentiment adjustment), Nvidia could be at about $160 per share. In a best-case situation, Nvidia makes money from its expanding software and services supported by good economic policies. With steady earnings growth to possibly $5.50 a share, a higher valuation multiple of approximately 35x is warranted, which puts the stock price at around $190. Nvidia (NVDA) revenue, earnings and profit margin history On the other hand, a bear case accounts for strong tariff effects, deeper market share losses from efficiency improvements, and increased global tensions that can notably reduce Nvidia’s earnings and access to markets. In this instance, earnings can dip to around $4.75 EPS, leading to a more conservative 25x multiple, which gives a stock price of $120. On Wall Street, Nvidia has a consensus Strong Buy rating based on 34 Buys, five Holds, and just one Sell rating acquired over the past three months. The average NVDA price target is $164.35, indicating a 40% upside potential over the next 12 months. See more NVDA analyst ratings As an investor, I believe Nvidia is strongly positioned in the emerging AI landscape, supported by solid economic fundamentals and a robust ecosystem strategy. That said, I’m closely watching shifts in the broader economy, productivity gains from initiatives like DeepSeek, and geopolitical developments that could alter the company’s growth path. Investors should pay attention to trends in gross margins, the pace of revenue expansion from AI software, and the evolving dynamics of U.S.-China trade, all of which will shape the outlook in the months ahead. At present, I remain highly bullish — Nvidia is my largest holding, representing 15% of my portfolio. I’m confidently targeting $160 per share over the next 12 months. Disclaimer & DisclosureReport an Issue Source link #Revenue #Powerhouse #Nvidia #NVDA #Plots #Return #Stock #Stardom Pelican News View the full article at [Hidden Content]
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U.S. and China agree to slash tariffs for 90 days U.S. and China agree to slash tariffs for 90 days US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer speak to the media after talks between senior US and ******** officials on tariffs in Geneva on May 11, 2025. Valentin Flauraud | Afp | Getty Images The U.S. and China on Monday agreed to suspend most tariffs on each other’s goods in a move that shows a thawing of trade tensions between the world’s two largest economies. “We had very productive talks and I believe that the venue, here in Lake Geneva, added great equanimity to what was a very positive process,” U.S. Treasury Secretary Scott Bessent said in a news conference. “We have reached an agreement on a 90-day pause and substantially move down the tariff levels. Both sides on the reciprocal tariffs will move their tariffs down 115%,” Bessent said. This is a breaking news story and will be updated shortly. Source link #U.S #China #agree #slash #tariffs #days Pelican News View the full article at [Hidden Content]
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U.S. and China agree to slash tariffs for 90 days U.S. and China agree to slash tariffs for 90 days US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer speak to the media after talks between senior US and ******** officials on tariffs in Geneva on May 11, 2025. Valentin Flauraud | Afp | Getty Images The U.S. and China on Monday agreed to suspend most tariffs on each other’s goods in a move that shows a thawing of trade tensions between the world’s two largest economies. “We had very productive talks and I believe that the venue, here in Lake Geneva, added great equanimity to what was a very positive process,” U.S. Treasury Secretary Scott Bessent said in a news conference. “We have reached an agreement on a 90-day pause and substantially move down the tariff levels. Both sides on the reciprocal tariffs will move their tariffs down 115%,” Bessent said. This is a breaking news story and will be updated shortly. Source link #U.S #China #agree #slash #tariffs #days Pelican News View the full article at [Hidden Content]
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Joint Statement on U.S.-China Economic and Trade Meeting in Geneva – The White House (.gov) Joint Statement on U.S.-China Economic and Trade Meeting in Geneva – The White House (.gov) Joint Statement on U.S.-China Economic and Trade Meeting in Geneva The White House (.gov)White House announces U.S.-China trade deal, offers few details CNBCLive: US and China to announce trade deal progress, stocks move higher ReutersMay 11, 2025 – Donald Trump presidency news CNNTrump says ‘total reset negotiated’ with China during tariff talks in Geneva Fox News Source link #Joint #Statement #U.S.China #Economic #Trade #Meeting #Geneva #White #House #.gov Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Warren Buffett: What Does It Mean to Be the ’GOAT’ of Wall Street? Warren Buffett: What Does It Mean to Be the ’GOAT’ of Wall Street? What does it mean to be the GOAT on Wall Street? Well, as The Journal reports, “Anyone lucky enough to invest $100 in Berkshire Hathaway (NYSE:) shares in 1965 would have been sitting on a $5.5 million investment at the end of last year. The same sum invested in a yet-to-be-invented fund would be worth around $39,000 today.” One of the secrets of his success has been his ability to patiently wait for opportunity to come knocking. “Buffett is celebrated for his stock picking, but he is also a crafty capital allocator. He has repeatedly shown a willingness to hold cash when opportunities are scarce, and to deploy it when he sees a **** pitch, usually in a down market,” reports Bloomberg. Clearly, he sees the current environment as one of those times when patience is required. As The Financial Times reports, “Warren Buffett continued to sell stocks in the first three months of this year, the tenth consecutive quarter of net sales, and told Berkshire investors that he had not seen big opportunities to spend its mounting cash pile, which rose to another record of $348bn.” It’s also worth noting that, in addition to generally avoiding being overexposed to stocks, he has also been avoiding long-term bonds, a topic which he touched on recently. “Buffett has described America’s finances as ‘a 7% gap when probably 3% is sustainable’ — which is a way of saying that you might want to buckle up,” reports MarketWatch. And the one area where he has actually been “greedy” lately is clearly the most “fearful” segment within the stock market, garnering only derision from investors and the financial media alike. It’s just the latest example of Buffett doing what he has done so well for so long now. Source link #Warren #Buffett #GOAT #Wall #Street Pelican News View the full article at [Hidden Content]
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US and China agree to slash tariffs for 90 days US and China agree to slash tariffs for 90 days BBC US and China have agreed a temporary cut to the tariffs they impose on each other’s imports. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X to get the latest alerts. Source link #China #agree #slash #tariffs #days Pelican News View the full article at [Hidden Content]
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PAX East 2026 Returns To March After Mothers Day Conflict
Pelican Press posted a topic in World News
PAX East 2026 Returns To March After Mothers Day Conflict PAX East 2026 Returns To March After Mothers Day Conflict PAX East 2026 returns to Boston March 2629, avoiding Mother’s Day weekend. Heres why the date shift matters to fans. Source link #PAX #East #Returns #March #Mothers #Day #Conflict Pelican News View the full article at [Hidden Content] -
US PGA Championship: Rory McIlroy favourite to win at Quail Hollow course he loves US PGA Championship: Rory McIlroy favourite to win at Quail Hollow course he loves That championship was played in steamy August, another contributing factor to the layout feeling unfamiliar. Now the big changes have bedded with further refinements carried out two years ago. McIlroy posted his most recent wins there in 2021 and last year and will be delighted the PGA is played in May these days. Quail Hollow, boasting 61 bunkers and four water hazards, will feel reassuringly familiar and just how he likes it. But it will be set up tougher than it usually is for the Wells Fargo Championship (now known as the Truist). Chief championships officer Kerry Haigh is known for delivering stern but fair examinations. The rough is likely to be half an inch longer and a new ninth tee adds length to the scorecard. Slopes on a dozen greens have been softened, which should offer a wider range of hole locations to challenge the 156-man field. Of those competitors, though, no one should have more confidence than McIlroy. As much as it can in this capricious game, everything appears to be falling into place. Unburdened by ending his 11-year wait for a fifth major to join the all time greats as a grand slammer, he is now heading to his favourite venue on and off the course. The traditional May date for Quail Hollow’s regular tour stop means he has celebrated the majority of his adult birthdays in the Charlotte area. “I love coming back here,” he says. “It’s a place that I’m very comfortable at. With Quail Hollow, the city of Charlotte in general and the people.” He will gain a rapturous following this week, coming in as a redemptive and all conquering hero of Augusta. “All these people have watched me grow up,” he added. “I won here for the first time as a 20-year-old. They’ve seen my progression throughout the years.” When the then curly haired youngster won in 2010 he fired weekend rounds of 66 and 62 after making the cut with nothing to spare. He beat Phil Mickelson by four shots. It was a true glimpse into the future. Forever finding the most dramatic storylines, on that occasion McIlroy capped his victory by outrageously holing out on the closing green from more than 40 feet. It lodged the first of so many glorious memories at this venue. Which begs the question of whether there is another just around the corner? Victory this week would move McIlroy alongside Sir Nick Faldo’s six majors and tie the record for any European in the modern era. Weather forecasters predict a stormy build up, suggesting a soft golf course to put an even greater premium on length off the tee. And that suits McIlroy and his booming driver just fine. Golf is notoriously difficult to predict, but there can be no argument that there are many reasons for continued optimism for McIlroy’s legion of fans. The man himself has observed: “I feel like there’s not a place on this golf course where I haven’t hit it from and don’t have some sort of memory of what to do.” And, unarguably, most of those memories are very positive indeed. Source link #PGA #Championship #Rory #McIlroy #favourite #win #Quail #Hollow #loves Pelican News View the full article at [Hidden Content]
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Alcatel V3 Ultra Moniker Confirmed, Retail Box Image Reveals Design, Specifications Alcatel V3 Ultra Moniker Confirmed, Retail Box Image Reveals Design, Specifications Alcatel is poised to re-enter the Indian smartphone market with the launch of the Alcatel V3 Ultra, marking its first device release in the country in three years. HTech’s Madhav Sheth, associated with Alcatel India, recently confirmed both the device’s name and design by sharing an image of the retail box on social media. It appears to ship with a triple rear camera unit. The retail boxes also reveal that the Alcatel V3 Ultra will have a stylus. Alcatel v3 Ultra Name Confirmed Madhav Sheth, founder and tech advisor for Alcatel India, shared a photo on X showing retail boxes for the unannounced Alcatel V3 Ultra. The retail box is shown in a ****** shade with the name printed in yellow. We can see a stylus image on the box. The handset is shown with a triple rear camera unit. The camera sensors are arranged in a circular island alongside the LED flash. The image includes a blue retail box of the Alcatel V3 Ultra on the right. It suggests that the phone will have a flat display with a centrally located hole punch cutout for the front-facing camera. Many details about the Alcatel V3 Ultra, including its exact launch date and full specifications, remain under wraps. However, it appears that the phone could be an India-exclusive release. Alcatel confirmed its return to the Indian market in the first week of April. The brand, operated independently by TCL Communication, is gearing up to announce a range of premium smartphones in the country. The Alcatel smartphones will be sold via Flipkart’s main platform and its quick-delivery service, Flipkart Minutes. The e-commerce company is teasing the arrival of new handsets through a dedicated landing page on its website. The Flipkart listing shows that Alcatel V3 Ultra will boast TCL’s proprietary NXTPAPER display. Alcatel has already revealed that its smartphones will be manufactured locally in the country, aligning with the government’s Make in India initiative. It will establish a pan-India service network to offer customer support. Affiliate links may be automatically generated – see our ethics statement for details. Source link #Alcatel #Ultra #Moniker #Confirmed #Retail #Box #Image #Reveals #Design #Specifications Pelican News View the full article at [Hidden Content]
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The Best of Game Pass: What to Play This Month The Best of Game Pass: What to Play This Month Ive sifted through the Game Pass library to bring you 10 of the best games that you should be playing right now. Source link #Game #Pass #Play #Month Pelican News View the full article at [Hidden Content]
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India’s Kohli follows Rohit into test retirement India’s Kohli follows Rohit into test retirement Indian superstar Virat Kohli has announced his retirement from Test cricket, bringing down the curtain on a sparkling career in the longest format just days after captain Rohit Sharma did the same. Kohli, who debuted in 2011 and scored 30 centuries and 9,230 runs at an average of 46.85 over 123 Tests, is expected to remain available for one-day internationals. The 36-year-old quit Twenty20 Internationals immediately after India won their second 20-over World Cup trophy in the West Indies last year. “It’s been 14 years since I first wore the baggy blue in Test cricket. Honestly, I never imagined the journey this format would take me on,” Kohli posted on Instagram. “It’s tested me, shaped me, and taught me lessons I’ll carry for life. “There’s something deeply personal about playing in whites. The quiet grind, the long days, the small moments that no one sees but that stay with you forever.” While Kohli’s final Test closed a 3-1 series defeat by Australia in January in which India relinquished the Border-Gavaskar Trophy for the first time in a decade, he will be remembered most for his spell as captain between 2014-2022. Kohli won 40 of his 68 Tests in charge of India to become the country’s most successful skipper in the format and sits fourth in the list of captains with the most victories. Only Graeme Smith (53), Ricky Ponting (48) and Steve Waugh (41) won more Tests as captains. India suffered only 17 defeats with Kohli at the helm as he guided the side to the final of the inaugural World Test Championship in 2021, where they lost to New Zealand. He was also part of the team that lost the second World Test Championship final to Australia in 2023. “I’m walking away with a heart full of gratitude – for the game, for the people I shared the field with, and for every single person who made me feel seen along the way,” he added. “I’ll always look back at my Test career with a smile.” Source link #Indias #Kohli #Rohit #test #retirement Pelican News View the full article at [Hidden Content]
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Trump says he will sign executive order on drug price caps – The Hill Trump says he will sign executive order on drug price caps – The Hill Trump says he will sign executive order on drug price caps The HillTrump Plan Would Tie Some Drug Prices to What Peer Nations Pay The New York TimesTrump Says He Will Sign Executive Order To Cut Drug Prices By ‘30% To 80%’—What To Know ForbesIndian pharma stocks fall as Trump moves to cut U.S. drug prices ReutersAsian Pharma Stocks Tumble as Trump Plans US Drug Price Cuts Yahoo Finance Source link #Trump #sign #executive #order #drug #price #caps #Hill Pelican News View the full article at [Hidden Content]
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GTA VI Reportedly Entered Development In 2018, Says Ex-Rockstar Dev GTA VI Reportedly Entered Development In 2018, Says Ex-Rockstar Dev Rockstar Games began development on its upcoming open world action game, GTA VI, during the year 2018, as per a former developer. Source link #GTA #Reportedly #Entered #Development #ExRockstar #Dev Pelican News View the full article at [Hidden Content]
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Tesla Australia welcomes more EV competition despite sales slump Tesla Australia welcomes more EV competition despite sales slump Tesla may be Australia’s number-one electric vehicle (EV) brand, but it has entered 2025 weakened as more rivals seem to arrive every day. Nevertheless, the company says fiercer competition is a good thing for the industry. The American brand’s sales have been in decline for the past 12 months, during which time several rival manufacturers have had time to either launch in Australia or bring all-new models that compete directly against Tesla’s two-car catalogue Down Under. BYD has introduced its Sealion 7 to fight the Model Y, while it has also had its Seal pitched against the Model 3 for some time. Other brands that have launched with Model Y rivals include Deepal and its S07, Geely’s EX5, Leapmotor’s C10, and Smart’s #1 – all from China, where Tesla also builds its ***********-bound cars. When asked about the threat of increasing competition, particularly from China, Tesla Australia country director Thom Drew outlined that his brand had a more open stance. “It keeps us on our toes, I think that’s the best way to look at it,” he told CarExpert. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Camera IconSupplied Credit: CarExpert He went on to say that the additional EV makers were effectively assisting Tesla in its ambitions, stating the brand’s “opportunity has always been, since our early days, taking ICE cars off the road.” “Having more and more EVs in the market, whilst [competitors are] taking a slice of our pie, they’re all singing from the same songbook; they’re all trying to convince Australians to buy an EV, so that is a positive thing for the industry,” he said. “Yes, it means we have to do more to communicate why our products remain the best and really get that message out, and it’s going to be a tougher fight than it’s ever been. But I think collectively in the industry, we’ve got a huge opportunity.” So far in 2025, EV sales have made up just a small portion of overall vehicle deliveries. Of the 381,017 total vehicles sold this year, EVs have accounted for just 23,911 – dwarfed by petrols (159,485), diesels (112,427) and hybrids (61,302), while also nearly beaten by plug-in hybrids (PHEVs) with 16,312. Camera IconSupplied Credit: CarExpert None of the top 20 best-selling vehicles in April 2025 were fully electric, with four of the top five powered by diesel engines. Even so, Mr Drew hopes Tesla and its rival EV manufacturers can help sway some buyers away from internal combustion. “Look at the top-selling vehicles in the market, if we can get them buying any EV, that’s a win from the very beginning,” he told CarExpert. “Then we can hopefully continue to convince people to buy [Tesla’s] products.” It’ll still be a steep hill for Tesla to climb, as April saw it deliver just 500 vehicles for the entire month, almost 76 per cent fewer EVs than it sold in the same month last year. “A lot of the reduction is based on our year-on-year results, obviously same time last year was quite significant, the launch of Model 3 had actually begun then, and there were also some logistics delays that pushed everything together, so it was a pretty significant number,” Mr Drew said. Camera IconModel 3 Credit: CarExpert “But obviously numbers are down; there’s no hiding from that. A large part of that is [because] we started orders of new Model Y in January, and deliveries are only beginning [in early May] so there is a genuine gap there. “But we look at Model 3, it has been a good seller for us, it’s still the number one selling mid-sized [EV] sedan. That segment in itself has hit a bit of a plateau, where we’re seeing people shift towards SUVs more and more, so I think we’ve hit a bit of a limitation there with people thinking that they need an SUV.” Mr Drew also identified the Model 3 sedan as a strong player in the mid-sized sedan segment, in which it’s the second-best-selling vehicle behind the Toyota Camry in sales so far this year. The segment includes the Model 3-rivalling BYD Seal, even if it’s lagging in sales. “We’d love to see more people driving Model 3, [we think it’s] a fantastic car and we’ll do what we can to get people looking at Model 3 and making that consideration, but that’s contributing to that [lower] result,” Mr Drew told CarExpert. “On that, we expect to see things turn around as we begin deliveries of new Model Y in earnest.” MORE: EV price wars could continue as Tesla won’t rule out more cutsMORE: Everything Tesla Source link #Tesla #Australia #welcomes #competition #sales #slump Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Think Microtransactions Are Bad? 2007's 'Tales of Pirates' Says Hi Think Microtransactions Are Bad? 2007's 'Tales of Pirates' Says Hi Ben from Netto’s Game Room looks back on what he considers to be one of the worst cases of microtransactions from a 2007 game, where spending close to $40,000 is needed to even stand a chance. Source link #Microtransactions #Bad #2007039s #039Tales #Pirates039 Pelican News View the full article at [Hidden Content]
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‘No apology from PC three years after my son’s death’ ‘No apology from PC three years after my son’s death’ “He still exists in my dreams and in my thoughts, and that won’t change”, said Jens Hölscher, after visiting his son Arthur’s grave to mark three years since he died. Arthur Hölscher-Ermert, 27, was hit by a police patrol car in Peacehaven, and Mr Holscher says it’s disgraceful that he’s received no apology from the officer who was driving the vehicle. Sussex PC Christopher Corker, 40, was accused of causing death by dangerous driving, but charges were dropped by the CPS, and he was not convicted of the offence. He declined to comment when approached by the BBC via Sussex Police Federation. Mr Hölscher wants to see PC Corker dismissed from the force. “At least it would be some sort of compensation”, said Mr Hölscher, ahead of a forthcoming gross misconduct hearing. PC Corker, of Worthing, in West Sussex, was alleged to have knocked down and killed Mr Hölscher-Ermert, a pedestrian, on 30 April 2022. He pleaded not guilty to causing death by dangerous driving and causing death by careless or inconsiderate driving, and was due to face trial. However the prosecution said that in light of expert reports there was no longer a realistic prospect of conviction. The court was told that the defendant’s actions in steering on to the wrong side of the road would have avoided a collision had the deceased not changed direction. ‘Very disturbing’ Mr Hölscher said he’s received no apology or communication of any sort from Sussex Police or PC Corker. “There was absolutely nothing which I find absolutely disgraceful”, he said. “It wouldn’t change the facts if he would apologise but at least it would be a gesture. “An apology would perhaps reduce the level of anger I feel.” The Independent Office for Police Conduct (IOPC) said PC Corker, and another officer who was in the car at the time of the ****** both face gross misconduct hearings for potential breaches of the police standards of professional behaviour, at a date yet to be set. “The officers and Mr Hölscher-Ermert’s family are being kept updated,” a statement added. Also, no date has been set for the inquest into Arthur’s death. Mr Hölscher said: “At least you want to have the inquest or the misconduct hearing as an absolute minimum, but even that is delayed and delayed, and that is very disturbing.” He added that he’s been treated for a heart condition which his doctor has told him was caused by the trauma and ongoing stress of the ordeal. In a statement Sussex Police said: “We offer our sincere condolences to Mr Hölscher-Ermert’s family and friends. “We await further direction from the IOPC and it would be inappropriate to comment further while these proceedings are ongoing.” Follow BBC Sussex on Facebook, on X, and on Instagram. Send your story ideas to [email protected].*** or WhatsApp us on 08081 002250. Related internet links Source link #apology #years #sons #death Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Nintendo president comments on approach to Switch 2 game and hardware prices Nintendo president comments on approach to Switch 2 game and hardware prices Knushwood Butt1d 23h ago ‘“[The] hardware processing performance [of Nintendo Switch 2] has become necessary for software developers to realize one of Nintendo’s most important goals: proposing new ways to play,” the president said in a translated comment.’ So I guess by that definition, Metroid Prime 4, which is cross-gen, isn’t a new way to play. While we’re on the subject, open world racing games aren’t remotely new either. Source link #Nintendo #president #comments #approach #Switch #game #hardware #prices Pelican News View the full article at [Hidden Content]