Author: Admin

Volkswagen has become the second established automaker to acquire a stake in the California-based company. Volkswagen has announced plans to invest up to $5 billion in the electric vehicle startup Rivian, with an initial infusion of $1 billion. The remaining $4 billion is anticipated to be disbursed by 2026, structured as $1 billion each in 2025 and 2026, and an additional $2 billion in 2026 earmarked for a joint venture focused on developing electric vehicle architecture and software technology. This significant partnership was disclosed in a joint release by both automakers on Tuesday. Following the announcement, Rivian’s stock surged approximately…

According to a new report, Russia’s production of artillery rounds, missiles, and drones has surged since its invasion of Ukraine, and the U.S. and its allies have achieved little with their extensive sanctions campaign. According to a recent report from the Royal United Services Institute, Western sanctions aimed at undermining Russia’s weapons production have proven ineffective, allowing Moscow to not only sustain but significantly increase its output of critical military hardware essential for its ongoing conflict with Ukraine. The report highlights that Western efforts to curb Russia’s military-industrial capabilities have been hindered by cautious decision-making and sluggish intelligence sharing among…

These quick and easy Italian beef sandwiches pay homage to the Chicago classic, ready in a fraction of the time compared to traditional methods. FX’s “The Bear” introduced many viewers to the iconic Italian beef sandwich, a beloved staple of Chicago cuisine. In the show’s debut season, Carmy (played by Jeremy Allen White), a trained fine-dining chef, returns to his hometown of Chicago to manage his family’s beef stand following his brother’s passing. The series eagerly awaited for its third season premiering this Wednesday, offered an intimate portrayal of a restaurant dedicated solely to crafting these meaty, succulent sandwiches. For…

Julian Assange, the founder of WikiLeaks, has admitted guilt to conspiracy charges related to the acquisition and dissemination of national defense information, marking the conclusion of a protracted legal saga and paving the way for his return to Australia as a free man for the first time since 2012. The plea was entered at a court in the Northern Mariana Islands, a U.S. commonwealth situated north of Guam, on Wednesday morning local time, as reported by The Associated Press. Following the hearing, Assange is anticipated to depart for Australia, his country of birth and citizenship, according to statements from WikiLeaks.…

When planning beach vacations, people often consider destinations like Mexico, Spain, Greece, or Indonesia for their sunny getaways. However, have you heard about Montenegro? Nestled as a hidden gem along the Adriatic Sea, it boasts five breathtakingly beautiful beaches that are simply must-visit. Montenegro (known locally as Crna Gora) may not enjoy the same fame as Croatia, and many people struggle to pinpoint it on a map. Yet, this obscurity has preserved Montenegro’s beaches as tranquil, clean, and remarkably accessible for all budgets. I’m not exaggerating! For less than 15 EUR, you can enjoy a full day at the beach…

In Seoul, South Korea, the latest ballistic missile test by North Korea on Wednesday is reported to have likely failed, according to statements from South Korea’s military. This test occurred amidst heightened tensions following North Korea’s objections to the deployment of a U.S. aircraft carrier for joint military exercises involving South Korea and Japan. The Joint Chiefs of Staff of South Korea released a statement confirming that North Korea launched a ballistic missile from its capital region at approximately 5:30 a.m. local time on Wednesday (4:30 p.m. Tuesday ET). The missile was aimed towards North Korea’s eastern waters, but it…

Athing Mu, the reigning Olympic champion in the 800-meter race, encountered a pivotal setback during Monday’s trials, effectively halting her aspirations to qualify for the United States team bound for the Paris 2024 Olympics. The unexpected twist for the bronze medalist from the 2023 World Championships underscored the formidable challenge of securing a spot on the elite U.S. track and field Olympic roster. Nia Akins, Allie Wilson, and Juliette Whittaker clinched the top three spots, marking their debut appearances at the Olympic Games. The incident occurred early in the final race that would determine the participants for Paris, unfolding during…

AutoNation, a prominent U.S. auto retailer, expressed that the outage caused significant disruption and adversely impacted its business. However, its outlets remain operational, continuing to sell, service, and purchase vehicles. U.S. auto dealers faced challenges on Monday due to an ongoing cyber attack-induced software outage, prompting some to revert to manual paperwork as CDK, a key technology provider for the car industry, worked on restoring systems utilized by over 15,000 retail locations. The outage, affecting CDK’s dealer management system crucial for completing deals, tracking store profitability, and managing employee compensation, has disrupted the auto retail sector significantly, according to JPMorgan…

Several casual dining chains are experiencing challenges due to rising costs and decreasing customer traffic. Hooters announced on Monday its decision to close “a select” number of underperforming restaurants, joining a growing list of casual dining chains grappling with industry-wide challenges. The company cited “current market conditions” as the primary reason for the closures, while emphasizing ongoing expansion efforts both domestically and internationally. However, specifics regarding the number of affected locations were not disclosed. In a statement, Hooters reaffirmed its resilience and relevance as a brand with 41 years of history, despite the closures. The news was initially reported by…

Lai Ching-te reiterated his call for China to acknowledge Taiwan’s existence as a self-governing democracy, claimed by Beijing but beyond the jurisdiction of its courts. Taipei, Taiwan — President Lai Ching-te emphasized on Monday that democracy should not be condemned while labeling autocracy as the true “evil,” following China’s recent threat of imposing the death penalty for extreme cases of Taiwan independence supporters. China, which asserts Taiwan as its own territory, has openly expressed its disapproval of President Lai since his inauguration last month, branding him a “separatist” and conducting military exercises shortly after he assumed office. On Friday, China…