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Excerpt from www.euronews.com

Israeli shelling and airstrikes killed at least 37 people, most of them sheltering in tents, outside the southern Gaza city of Rafah overnight on Tuesday. The attacks targeted the same area where strikes triggered a deadly fire days earlier in a camp for displaced Palestinians, according to witnesses, emergency workers and hospital officials.

The fire at the tent camp has drawn widespread international outrage, including from some of Israel’s closest allies.

The Israeli military suggested Sunday’s blaze in the tent camp may have been caused by secondary explosions, possibly from Palestinian militants’ weapons. The results of Israel’s initial probe into the fire were issued on Tuesday. Military spokesman Daniel Hagari said the cause of the fire was still under investigation but that the Israeli munitions used were too small to be the source.

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Excerpt from www.newsweek.com

Japan’s Self-Defense Forces scrambled F-15 fighter aircraft on Monday to intercept a Chinese Air Force drone making its first appearance near the country’s southwestern islands, its Defense Ministry said.

The Joint Staff Office in Tokyo said Japanese Air Force jets were launched to head off a possible airspace violation by a Wing Loong-10 unmanned aerial vehicle, which had entered Japan‘s air defense identification zone but not its territorial airspace.

A Newsweek map, created using the Joint Staff’s geospatial data, shows the flight path of the military drone, which Japan identified as a reconnaissance and attack aircraft, during a sortie in the East China Sea.

Tokyo said the WL-10 approached from China’s east coast and circled the waters at least twice before returning to the Asian continent.

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Excerpt from abcnews.go.com

DEIR AL-BALAH, Gaza Strip — Israeli shelling and airstrikes killed at least 37 people, most of them sheltering in tents, outside the southern Gaza city of Rafah overnight and on Tuesday — pummeling the same area where strikes triggered a deadly fire days earlier in a camp for displaced Palestinians — according to witnesses, emergency workers and hospital officials.

The tent camp inferno has drawn widespread international outrage, including from some of Israel’s closest allies, over the military’s expanding offensive into Rafah. And in a sign of Israel’s growing isolation on the world stage, Spain, Norway and Ireland formally recognized a Palestinian state on Tuesday.

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Excerpt from www.storyboard18.com

Adobe released findings of its Future of Trust Study for India, which surveyed over 2,000 Indians about their experience encountering misinformation online and concerns about the impact of generative AI. Tied to its work on Responsible Innovation, Adobe commissioned the study to understand public perceptions and sentiment about the societal impact of generative AI and misinformation, including its implications within the context of the ongoing elections in India. Among the findings, the study highlights strong desire from consumers to have tools to verify the trustworthiness of digital content and the urgent need for proactive measures to address misinformation’s potential impact on election integrity in the country.

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Excerpt from www.timesofisrael.com

As World Court case progresses, Israel could face more forceful order to end war  The Times of Israel

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Excerpt from www.washingtontimes.com

Thai prosecutors on Wednesday said former Prime Minister Thaksin Shinawatra will be indicted for defaming the monarchy, three months after he was freed on parole on other charges.

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Excerpt from timesofindia.indiatimes.com

DEIR AL-BALAH: The tent camps stretch more than 16 kilometers (10 miles) along Gaza’s coast, filling the beach and sprawling into empty lots, fields and streets. Families dig trenches to use as toilets. Fathers search for food and water. Children dig through garbage and wrecked buildings for wood or cardboard for their mothers to burn for cooking.
Over the past three weeks, Israel’s offensive in Rafah has sent nearly a million Palestinians fleeing the southern Gaza city.Most have already been displaced multiple times during Israel’s nearly 8-month-old war in Gaza, which is aimed at destroying Hamas but has devastated the territory and caused what the United Nations says is a near-famine.
The situation has been worsened by a plunge in the amount of food, fuel and other supplies reaching the UN and other aid groups to distribute to the population. Palestinians, who relied in part on humanitarian aid even before the war, have largely been on their own to find the basics for survival.

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Excerpt from www.news9live.com

Bengaluru: The formation of a US-led new security alliance in Asia – known as Squad to counter the hegemonistic aims of China has raised questions whether the old grouping of Quad that included India has been reshuffled to include Philippines in place of India. Such speculation may not be based on facts. India, despite its independent foreign policy which expressly forbids joining any security alliance, is important to the US and its Asian allies. India’s sheer size, its population which is the largest in the world, its economic clout as the fifth largest economy and its positioning as the southern neighbour of China sharing a 4,000-km border across the Himalayas, makes it critical for any strategy seeking to check China’s expansionist and aggressive ambitions.

India has always been reluctant to security alliances, not because of its diffidence in its military capabilities, but it fears that being drawn into one grouping or the other curtails its freedom of choice and its decision-making capability regarding its enlightened national interest, and that it could be drawn into conflicts that are not of its making, nor in its interest. During the Cold War, India refused to be drawn into either of the two blocs led by the US and the Soviet Union, even earning US dislike for its non-aligned policy.

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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.belfasttelegraph.co.uk

Nigel Farage: We want Reform UK to be the opposition party  Belfast Telegraph

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Excerpt from www.bizjournals.com

Target misses on profits as sales fall again in first quarter  The Business Journals

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Excerpt from www.brusselstimes.com

Belgium on track to miss EU climate targets, transport sector furthest behind  The Brussels Times

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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 abcnews.go.com

Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation

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Excerpt from news.bitcoin.com

SEC’s Regulatory Overreach Challenged in Court: Motion Filed to Vacate ‘Dealer’ Rule – News Bytes Bitcoin News  Bitcoin.com News

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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.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 Chairman and CEO Bob Nardelli weighs in on the inflationary pressures Americans continue to face and the Biden administration’s missteps that have contributed to economic turmoil.

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 www.msn.com

Exxon, shareholders lock horns ahead of annual meeting  MSN

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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.law360.com

Broadcasters are continuing their push to get the Federal Communications Commission to drop the potential inclusion of some political ads and public service announcements from proposed foreign disclosure rules, this time…