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Excerpt from www.tehrantimes.com

TEHRAN – Russian Consul General in Isfahan Andrey Zhiltsov has highlighted the need to increase the trade volume between Iran and Russia, saying the current trade volume does not live up to the capacities.

Zhiltsov said in an exclusive interview with IRNA that the trade volume between Iran and Russia is a little over four billion dollars, which is insignificant considering the existing capacity.

He said the joint Iran-Russia economic commission emphasized the need to expand bilateral cooperation in space, aviation, shipbuilding, peaceful nuclear energy, oil and gas production and refining, transportation, science, medicine, agriculture, finance, education, culture, and tourism sectors.

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Excerpt from www.thenews.com.pk

Elon Musk, the CEO of Tesla and SpaceX, has regained his position as the world’s second-richest person, surpassing Jeff Bezos, the founder of Amazon.

Elon Musk, the big boss of Tesla, SpaceX, Neuralink, and X, has jumped back to being the second richest person in the world. He’s now richer than Jeff Bezos, the guy who started Amazon, with his wealth close to $200 billion as of Tuesday. But, he’s still not the richest – that title goes to Bernard Arnault, the top guy at LVMH, a big fashion company.

The increase in Elon Musk’s net worth was caused by a 6% surge in Tesla shares, which are now valued at over $185 each. Despite a dip in late 2021, Tesla’s shares have rebounded, climbing nearly 30% over the past month.

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Excerpt from fortune.com

Walt Disney Co.’s Pixar subsidiary, the pioneering animator that made Toy Story and Finding Nemo, is cutting 14% of its staff, part of an ongoing belt tightening by its parent.

About 175 employees are getting layoff notices Tuesday, the company said.

The reductions reflect a decision to refocus Pixar on feature films and move away from the production of TV series for the Disney+ streaming service. Pixar President Jim Morris outlined the shift in a memo to employees that was seen by Bloomberg.

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Excerpt from www.wsws.org

Following its imposition of sweeping tariffs on a range of Chinese green technology goods, spearheaded by a 100 percent charge on electric vehicles [EVs], the United States is trying to draw the European Union into its economic warfare against Beijing.

Treasury Secretary Janet Yellen issued what amounted to a call to arms in a major speech yesterday in Frankfurt, Germany, on the importance and strength of the Transatlantic alliance.

After recalling the collaboration with Europe from the Cold War to the NATO operations against Russia in the Ukraine war, she turned to the issue which is front and centre for the US—the existential threat to its global economic dominance it considers is posed by the economic rise of China.

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Excerpt from www.aviationpros.com

Boeing will have five extra years to build its 767 freighters in its Everett plant thanks to a provision in the newly passed Federal Aviation Administration reauthorization bill.

Boeing won’t say what these extra years will mean for the aviation company beyond 2028, when it originally planned to shutter its 767F program because the plane doesn’t meet global aviation carbon emissions standards. Boeing could now sell the plane until 2033, but those planes would be out of compliance with international regulations and could only be flown in the United States.

Still, the company’s machinists and engineering unions last week hailed the extension as a win for workers as the FAA bill was passed by Congress and then signed by President Joe Biden.

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Excerpt from uk.news.yahoo.com

International Business Machines Corp is winding down its business in Russia and has started to lay off its employees in the country, according to a memo to staff sent last week and emailed to Reuters on Tuesday.

After Russia invaded Ukraine in February, IBM joined hundreds of other companies in suspending business in the country. Many others had announced a complete exit from Russia.

“As the consequences of the war continue to mount and uncertainty about its long-term ramifications grows, we have now made the decision to carry out an orderly wind-down of IBM’s business in Russia,” Chief Executive Arvind Krishna wrote to employees.

Krishna told Reuters early last month that he was not sure how much longer the company could pay its employees in Russia in light of escalating sanctions.

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Excerpt from nypost.com

Apple said Tuesday it plans to ask a US judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices.

In a letter to US District Judge Julien X. Neals, Apple said “far from being a monopolist, Apple faces fierce competition from well-established rivals, and the complaint fails to allege that Apple has the ability to charge supra-competitive prices or restrict output in the alleged smartphone markets.”

In the letter to the judge, Apple said the DOJ relies on a new “theory of antitrust liability that no court has recognized.”

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Excerpt from www.chicagotribune.com

WARREN, Michigan — In her 11th year as CEO of General Motors Co., Mary Barra’s latest test is to ensure that the Detroit automaker’s coming electric vehicles reach profitability by getting mainstream consumers to buy them in competitive global markets.

But in the time since GM first declared it would become all-electric, industry regulations have changed and the pace in the demand for EVs has slowed. Even though EV sales surpassed 1 million for the first time in 2023, data shows they are slowing quarter to quarter. First-quarter EV sales rose 2.6% year over year, but fell 15.2% from the fourth quarter of 2023, according to Kelley Blue Book.

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Excerpt from www.thenation.com

Mercedes put on an “A-level boss fight.”  Which was only to be expected. So how can the union win next time?

Mercedes employees Austin Brooks, David Johnston, and Jacob Ryan attend a rally in Tuscaloosa, Alabama, on May 5, 2024. (Kim Chandler / AP Photo)

Late last Friday afternoon, Shawn Fain, president of the UAW, addressed workers at the Mercedes SUV plant in Vance, Alabama, after the union failed in a representation election (2,054 votes in favor, 2,642 against) many had expected them to win. He told them, “Justice isn’t about one vote or one campaign. It’s about getting a voice, getting your fair share.”

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Excerpt from www.benzinga.com


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Ford Motor Co. (NYSE:F) has reportedly provided its support for the Biden administration’s initiative to significantly reduce vehicle emissions by 2032.

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Excerpt from www.foxbusiness.com

 

Former Chrysler and Home Depot CEO Bob Nardelli warned that the fault lines of the economy are “about ready to crack” on Monday, adding that the Biden administration’s alleged policy missteps could leave a cumbersome mess for the next person who sits in the Oval Office to clean up.

“What I’ve seen over the past three-and-a-half years is that a series of debacles and missteps have created a tremendous pressure on the fault lines of our economy, and they’re about ready to crack,” he told FOX Business’ Maria Bartiromo.

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Excerpt from timesofindia.indiatimes.com

Chinese tech giants Alibaba and Baidu have reduced the prices of their large-language models (LLMs). Other companies and developers in China use these models to train their generative artificial intelligence (AI) products. This move comes as a price war in the cloud computing sector heats up in China.

According to a report by the news agency Reuters, Alibaba’s cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. For example, the report claims that after the price cut, the company’s Qwen-Long model will cost only 0.0005 yuan per 1,000 tokens (units of data processed by the LLM). This price cut will reportedly bring down the cost from 0.02 yuan (Rs 0.23) per 1,000 tokens.

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Excerpt from worldscreen.com

Nielsen has launched a new cross-platform media measurement tool, which found that The Walt Disney Company accounted for 11.5 percent of all TV viewing in the U.S. last month, ahead of YouTube at 9.6 percent.

More than 40 percent of Disney’s share was attributable to Disney+ and Hulu, per the Nielsen’s first report of The Media Distributor Gauge. Behind YouTube in third place was NBCUniversal at 8.9 percent, with Paramount at 8.8 percent and Warner Bros. Discovery at 8.1 percent. Netflix fell just outside of the top five at 7.6 percent, with FOX at 6.1 percent. Per Nielsen, 14 media companies reached a 1 percent or greater share of TV usage, including Prime Video, boosted by Fallout, with a gain of 12 percent to reach 3.2 percent of viewing; Scripps (2.3 percent), Weigel (1.5 percent), The Roku Channel (1.4 percent), A+E Networks (1.3 percent), Hallmark Media (1.2 percent) and AMC Networks (1.1 percent).

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Excerpt from www.the-sun.com

TARGET customers have revealed they are doing what they can to avoid the store after the retailer continues to increase anti-theft measures.

Customers have revealed that Target‘s anti-theft measure of locking up merchandise has turned them off from the store.

Anti-theft measures are turning customers off from TargetCredit: Getty
Target’s anti-theft measures were said to ‘take the fun out of the experience’

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Excerpt from pjmedia.com

 

 

Polls show that 40% of voters in battleground states are either “not too satisfied” or “not at all satisfied” with the choice of Joe Biden or Donald Trump for president. But for Senate Democrats in competitive states, running with an incumbent president whose approval numbers are underwater is a crapshoot.

“If you go out there and do a focus group, the focus groups all say, ‘He’s 200 years old. You got to be kidding me.’ And the worst part about it is for unaffiliated voters or people that haven’t made up their mind, they look at this and say: ‘You have to be kidding us. These are our choices?’ And they indict us for not taking it seriously,” said a Democratic senator who requested anonymity.

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Excerpt from amgreatness.com

Liz Sheld is the senior news editor at American Greatness. She is a veteran political strategist and pollster who has worked on campaigns and public interest affairs. Liz has written at Breitbart and The Federalist, as well as at PJ Media, where she wrote “The Morning Briefing.” In her spare time, she shoots sporting clays and watches documentaries.

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Excerpt from slaynews.com

The United States Supreme Court has refused to hear arguments in a challenge against Maryland’s anti-Second Amendment ban on so-called “assault weapons.”

The Supreme Court decided not to jump the line and rule on the case while a lower court is still considering it.

It was an expected ruling and the court did not elaborate on it.

The court is also considering whether to weigh in on a similar ban in Illinois, which is already being appealed.

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Excerpt from www.law.com

 

 

 

 

 

 

 

 

 

 

 


 

 

(Credit: BillionPhotos.com / AdobeStock)

NEWS

More than 30 challengers attempted to unseat Georgia judges in the May 21 nonpartisan primary election, but only three succeeded.

May 22, 2024 at 08:23 AM

7 minute read

 

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What You Need to Know

  • More than 30 challengers attempted to unseat Georgia judges, but only three succeeded.
  • Voters booted incumbent jurists from the Carroll County Magistrate, Clay County Magistrate/Probate and Douglas County Probate Court benches.
  • At least five incumbent judges now face June 18 runoff elections in the races for Effingham County State Court, Brantley County Probate Court and Jasper, Stewart and Thomas County Magistrate Court.

The results are in.

More than 30 challengers attempted to unseat Georgia judges, but only three succeeded.

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Excerpt from fronterasdesk.org

Democratic state Sen. Brian Fernandez filed an ethics complaint against Republican Sens. Jake Hoffman and Anthony Kern, two of the so-called fake electors indicted by an Arizona grand jury.

Fernandez asked Senate President Warren Petersen (R-Gilbert) last month to temporarily remove Hoffman and Kern from the legislative committees they chair, pending the outcome of the fake elector criminal case.

“I think it’s really important for us to just take a step back and let the process happen,” Fernandez said after making that request. “They’ll still be senators and if they’re proven innocent, I think that they should be reinstated.”

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Excerpt from www.theblaze.com

 

Word began to spread Monday evening around dinnertime: A House bill would be going to the floor Tuesday morning, designed to stop a returning Trump administration from reinstating his 11th-hour attempt to set architectural standards for federal buildings.

The bill was defeated at the last minute by a network of activists and sympathetic politicians but represented a broader shift in D.C. political strategy: As concerns mount that President Joe Biden might lose re-election, Democrats in the White House and Congress have worked to sabotage and hamstring a returning Donald Trump on issues from immigration and foreign policy to spending and classical architecture.

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Excerpt from redstate.com

 

The International Criminal Court (ICC) will soon decide whether they will issue arrest warrants for the leaders of Israel who have led the campaign to return the hostages taken on October 7th and bring the murderous leaders of Hamas to justice.

If it seems ironic that a court of justice would condemn these leaders, don’t worry. Our heads are still spinning too. There is at least one person, however, who presumably isn’t surprised by this outrage: Donald Trump.

Trump is now 2-for-2 on warning the world about corrupt entities that have played a huge role in stoking the fire during the Israel-Gaza conflict that erupted after Oct. 7.