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China’s Commerce Ministry held talks with Walmart over price cut request
China’s Ministry of Commerce held talks with Walmart on Tuesday regarding the retailer’s request of Chinese suppliers for price cuts of as much as 10% to offset new tariff costs. The discussions were reported by Yuyuantantian, a social media account affiliated with state broadcaster CCTV, which said: “Walmart’s unilateral demand on Chinese firms to cut…
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Trump halts funding for two cybersecurity initiatives
The Trump administration has significantly reduced federal funding for two key cybersecurity initiatives. The cuts affect the Elections Infrastructure Information Sharing and Analysis Center and the Multi-State Information Sharing and Analysis Center, which provide essential support during elections. Larry Norden, an election security expert at the Brennan Center for Justice, expressed his worries, saying: “I…
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Only 36 companies account for half of global emissions, report estimates
More than half of the world’s greenhouse gas emissions in 2023 can be linked to just 36 fossil fuel and cement producers, according to a report from the Carbon Majors database. The report found that the 36 companies, including Saudi Aramco, Coal India, ExxonMobil, Shell and numerous Chinese companies, produced coal, oil and gas responsible…
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IMF responds to El Salvador bitcoin acquisition
El Salvador’s National Bitcoin Office has confirmed the country’s purchase of another bitcoin, taking its strategic reserve to more than 6,102 units. A spokesman for the International Monetary Fund, which has approved a 40-month program with the Central American state, said: “We consulted with the (Salvadoran) authorities, and they have assured us that the recent…
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Trump signs order to establish government bitcoin reserve
President Donald Trump has signed an executive order to create a government reserve of bitcoin, marking a significant step towards mainstream acceptance of cryptocurrency. According to David Sacks, Trump’s “crypto czar,” the U.S. will retain approximately 200,000 bitcoin seized in various legal proceedings, saying: “The U.S. will not sell any bitcoin deposited into the Reserve….
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Boeing needs to change its insular culture, CEO says
Boeing CEO Kelly Ortberg has said the company needs a more open culture where staff are encouraged to speak up and communicate across divisions, according to a transcript of a meeting seen by Reuters. “We’re very insular” and “we don’t communicate across boundaries,” Ortberg said in the webcast from St. Louis, Missouri, the headquarters of…
