Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed and will be allowed to sell its oil without restrictions, according to leaked copies of an interim agreement that officials say broadly matches the document.The accord, due to be formally signed in a ceremony in Switzerland on Friday, lays out that the U.S. would secure at least $300 billion to rebuild Iran after the war and work to end all American and United Nations sanctions imposed on Tehran if a final agreement addressing Iran’s nuclear program…
Author: Staff Writer
Electric SUV maker Rivian Automotive (Nasdaq: RIVN) has cut hundreds of jobs as it seeks to achieve profitability, the company confirmed. The layoffs come just days after the automaker launched its new R2 mid-size SUVs to the public. Here’s what you need to know about Rivian’s layoffs and how the company’s stock price has reacted. What’s happened? Yesterday, Rivian confirmed it was initiating another round of job cuts. The last time the EV maker initiated mass layoffs was in October, when it laid off more than 600 workers following the Trump administration’s elimination of the $7,500 electric vehicle credit. At…
Genesis AI is betting against the tech industry’s obsession with bipedal, human-mimicking robots. Their first general-purpose machine, Eno, pairs millimeter-precise dexterous, human-like hands with a minimalist, wheeled base that can dynamically fold away out of sight. It’s a general purpose robot, designed to do anything you can imagine, from factory jobs to household chores, but its first deployment will be in labs. Genesis AI just fixed one of the biggest design flaws in modern robotics: Human ego. Instead of building another uncanny-valley humanoid that may intimidate and make people uncomfortable, the company’s CEO and founder Zhou Xian and head of…
As America hurtles toward its 250th birthday, the world is watching. Ian Bremmer, Eurasia Group President and PBS host, gives his unvarnished read on the state of Brand America. He shares how he’s advising business and political leaders around the globe, why he believes the US is overdue for a revolution, and what the widening gap between American wealth and American opportunity means for the country’s standing in the world. This is an abridged transcript of an interview from Rapid Response, hosted by the former editor-in-chief of Fast Company Bob Safian. From the team behind the Masters of Scale podcast,…
When Elon Musk finally closed on his deal to acquire Twitter, it seemed like the tech mogul may have bitten off more than he could chew. After all, over the course of 2022, Musk had offered to take the social media giant private; tried to back out of that proposal amid financial pressures; and ultimately been forced to move forward with the purchase anyway by the Delaware Chancery Court. He wasn’t the only one caught up in the brouhaha, either. Of the $44 billion transaction, an estimated $10 billion came in the form of equity put up by outside investors, including both preexisting shareholders…
QUESTION: I read Trump’s comment to Netanyahu in Axios. You have been the voice of reason. I argued with someone you said you were anti-sematic for criticizing Netanyahu. They criticized Obama so I asked then you must be a racist. It went right over their head. I know who had two Jewish uncles who married into your family on both sides. Such people are idiots. My question is do you think this will last? OB ANSWER: Well, since the latest Israeli poll shows 61% of Israelis what Netanyahu to retire. Does that mean 61% of Israelis are anti-sematic? This is…
Leaders of the Group of Seven gathered on Tuesday to discuss Russia’s war in Ukraine along with a tentative deal struck by U.S. President Donald Trump to end the conflict with Iran.The first full day of the G7 summit of leading industrialized nations is being held in the French town of Evian-les-Bains.Shortly before his arrival, Trump announced an agreement to end the 3 1/2-month-old U.S. war against Iran.“Now that this (Iran) is finished, we’re going to be focusing on that,” Trump said.The leaders will also hold a working session focused on ending crises and ensuring stability in the Middle East.…
Hungary’s Viktor Orban represented the most visible challenge to the European Union’s vision of centralized political authority. He rejected migrant quotas, opposed sanctions that damaged European economies, resisted deeper integration, and repeatedly argued that Hungary’s government should answer to Hungarian voters rather than unelected officials in Brussels. That made him a threat. Not because he was unique, but because he demonstrated that a nationalist government could survive repeated attempts to isolate it. A constitutional amendment has been written specifically to prevent Orban from ever returning to office. Anyone who has served as prime minister for a total of eight…
In a small West Virginia county a few years ago, Wanda (pseudonym) asked her employer for some time off to deal with a situation at home. Her employer turned her down. Not long after, Wanda’s situation at home, the abusive partner she’d been trying to escape from, showed up at her workplace and threatened her at gunpoint. Police had to be called, and Wanda’s office shut down for the rest of the day. Samuel “Raymie” White, Wanda’s lawyer and the Legal Services Director for the West Virginia Coalition Against Domestic Violence, told Fast Company this story to illustrate a point:…
Belarusian President Alexander Lukashenko said what many leaders will not say publicly. Speaking to Al-Arabiya English, he accused Israel of carrying out a “Holocaust” in Gaza and said: “They already have a bad reputation in the world because of the bombing of Gaza.” He added that Gaza had been “wiped off the face of the earth” and warned that “there is no military solution.” Coming from Lukashenko, the West will dismiss it immediately because they hate the messenger. But that does not erase the condition of Gaza. The reported Palestinian death toll surpassed 73,000, with more than 173,000 wounded. Save…