Author: i2wtc
Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel’s Founders Fund and Lux Capital.The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks to beef up its shipbuilding and naval defense capabilities.”What we really need in this country is this quantum leap above China’s manufacturing model,” said CEO Chris Power in an interview with CNBC’s Morgan Brennan. “It’s about supercharging the worker versus replacing them.”Defense tech startups like Hadrian…
FILE PHOTO: Maurene Comey, assistant U.S. attorney in the Southern District of New York, stands at a news conference announcing the upcoming arraignment of Jeffrey Epstein, who faces charges of sex trafficking of minors and conspiracy to commit sex trafficking of minors, in New York, U.S., July 8, 2019. Shannon Stapleton | ReutersThe Jeffrey Epstein prosecutor who was abruptly fired by the Justice Department as President Donald Trump comes under pressure to release files suggested Thursday that she was being targeted by a “tyrant.” “If a career prosecutor can be fired without reason, fear may seep into the decisions of…
A construction worker carries a sheet of OSB sheathing as he builds a roof on a residential homes in Irvine, California, U.S., March 28, 2025. Mike Blake | ReutersThe nation’s homebuilders continue to see weakening demand from potential buyers concerned about the broader economy. As a result, they are cutting prices at the highest rate in three years, according to the monthly builder confidence survey from the National Association of Home Builders.Builder confidence in July rose 1 point to 33 on the NAHB index, a slight improvement. Still, anything below 50 is considered negative sentiment. The index stood at 41 last…
Listen to article ISLAMABAD: Britain has lifted a five-year ban on Pakistani airlines, allowing them to apply to resume UK flights just as the government steps up efforts to privatise the Pakistan International Airlines. The ban was imposed in 2020, days after the government launched an investigation into the validity of pilot licences issued in the country following a PIA plane crash that killed 97 people. British High Commissioner Jane Marriott said the lifting of the ban followed safety improvements by Pakistani authorities. The decision comes just months after the European Union took similar steps. “I’m grateful to aviation experts in the…
Netflix is due to report second-quarter earnings after the closing bell Thursday.The streaming service is no longer offering investors quarterly subscriber updates, but Wall Street will be keen to hear how recent price hikes and the platform’s growing advertising tier are faring — especially as businesses across all sectors grapple with consumers tightening their purse strings.Here’s what Wall Street expects for the company’s most recent quarter: Earnings per share: $7.08, according to LSEGRevenue: $11.07 billion, according to LSEGThese results would signify earnings growth of 45% year over year and a more than 15% jump in revenue compared to the prior-year period. Netflix posted…
Listen to article A massive fire in a hypermarket in al-Kut city in southern Iraq has left at least 69 people dead and 11 others missing, the city’s health authorities and two police sources told Reuters on Thursday. Reuters’ footage of the aftermath of the overnight fire showed the blackened exterior of “Corniche Hypermarket” building, with rescue teams and security forces still at the site. Videos verified by Reuters showed firefighters spraying water on the blazing building overnight and people climbing from the roof with the help of rescue teams. “We have more bodies that have not been recovered still under fire…
Digital currency thefts are on the rise.Jakub Porzycki | Nurphoto via Getty ImagesThe value of cryptocurrencies stolen by criminals surged in the first six months of 2025 after a high-profile hack and a wave of physical attacks targeting crypto holders and their relatives.So far this year, $2.17 billion has been stolen from crypto services — already eclipsing the $1.87 billion of funds stolen from platforms in 2024 — and this is expected to reach $4 billion by the end of 2025, according to a report published Thursday by blockchain analysis firm Chainalysis.Overall, the combined value of digital tokens stolen from…
A rendering shows a high-speed rail train as it enters a station during an informational open house by the California High-Speed Rail Authority at the Hilton DoubleTree in downtown Fresno, California, on Wednesday, May 1, 2024. Craig Kohlruss | Fresno Bee | Tribune News Service | Getty ImagesTransportation Secretary Sean Duffy has formally terminated $4 billion in federal funding for the California High-Speed Rail Authority, weeks after putting the bullet train project on notice.In a Wednesday termination letter to the CEO of the authority, Federal Railroad Administration Acting Administrator Drew Feeley wrote that the CHSRA “breached the commitments” it made…
This photo taken on July 15, 2025 show the Ye Ting Bridge at the memorial hall of the former headquarters of the New Fourth Army in Jingxian County, east China’s Anhui Province. Located in Yunling Township of Jingxian County in Xuancheng City, the memorial hall covers an area of 20,000 square meters. It is one of the important heritage sites under state protection, and was established based on 11 preserved sites that the New Fourth Army headquarters had been stationed in Yunling from 1938 to 1941, during the Chinese People’s War of Resistance Against Japanese Aggression. (Xinhua/Zhou Mu)This photo taken…
Listen to article A devastating armed attack on a passenger bus in Balochistan’s Kalat district has left three members of a travelling qawwali party dead and at least 13 members injured, music industry insiders confirmed on Wednesday. The group, which was en route from Karachi to Quetta for a private performance, came under fire late Tuesday night when unidentified assailants opened fire on their vehicle near the Johan area of Kalat. Law enforcement agencies have termed the incident a targeted assault. Among those killed was Muhammad Asif, a promising young bass player from Karachi, who had been making a name for himself…