The price of crude oil is responsible for three-quarters of what consumers pay for a gallon of gas, according to the American Petroleum Institute.
Intel will report its first quarter earnings after the bell on Thursday, as investors look for signs of growth in the company's AI and foundry segments.
The project, part of China's efforts to provide home-grown alternatives to Nvidia's AI chips, started last year and includes Fujian Jinhua Integrated Circuit, a memory chip maker under U.S. sanctions along with Huawei, according to the report. The group also relies on other Chinese chip producers and packaging technology developers and it will work to tailor its memory chips to Huawei-designed AI processor chips and supporting motherboard components, the report said.
Kenya's military was deployed on Thursday to rescue victims of heavy rains that have killed dozens of people across East Africa over the past month. At least 45 people have died in the floods in Kenya since March, including 10 since Monday, the Kenya Red Cross said. Large parts of the capital Nairobi and other major towns are underwater, forcing thousands of residents to leave their homes.
Congo ’s government is questioning Apple about the tech company’s knowledge of “blood minerals” from a conflict zone in the African country that could be smuggled into its supply chains and is demanding answers within three weeks. A group of international lawyers representing Congo said Thursday that they sent letters to Apple’s CEO Tim Cook and its French subsidiary this week, raising concerns about human rights violations involving the minerals extracted from mines in the country’s troubled east that might end up being used in the company’s products.
Belarusian leader Alexander Lukashenko said on Thursday his country was facing grave threats internally and externally that had required it to change its security posture and allow Russia to deploy dozens of tactical nuclear weapons on its territory. Lukashenko alleged, without providing evidence, that the Belarus opposition planned to seize a district in the west of the country and request support from NATO troops - an assertion dismissed by the opposition as ludicrous. Addressing the same meeting, Ivan Tertel, head of Belarus's KGB security service, said his operatives had thwarted strikes on the capital Minsk by drones launched from NATO-member Lithuania, which denied mounting any such attack.
Police arrested demonstrators at universities in Massachusetts, Texas and California as protests against the war in Gaza spread to more U.S. colleges.
A crew of three astronauts from China's Shenzhou-18 mission took off on a rocket bound for the Tiangong space station Thursday, the latest mission in Beijing's space programme that aims to send astronauts to the Moon by 2030.Beijing also aims to send a crewed mission to the Moon by 2030, and plans to build a base on the lunar surface.
New York's highest court on Thursday overturned disgraced Hollywood producer Harvey Weinstein's 2020 conviction on sex crime charges and ordered a new trial."Order reversed and a new trial ordered," the ruling said.
The U.S. Supreme Court is taking up Donald Trump's bid to avoid prosecution over his efforts to overturn his 2020 election loss to Democrat Joe Biden. Arguments are set to begin at 10 a.m. Trump’s lawyers argue that former presidents are entitled to absolute immunity for their official acts.
The leader of the pro-independence Scottish National Party on Thursday ended a coalition deal with the Greens, leaving him facing fresh pressure as the head of a minority government in Edinburgh.- Net zero - The SNP-Greens deal, known as the Bute House Agreement after the Scottish first minister's official residence in Edinburgh, was signed in 2021.
The US economy cooled markedly in the first three months this year, expanding less than anticipated as consumer spending and exports decelerated, according to government data released on Thursday.- Slower spending - On Thursday, the slowing in growth "primarily reflected decelerations in consumer spending, exports, and state and local government spending," said the Commerce Department.
Socialist Prime Minister Pedro Sánchez left Spain in suspense after announcing he may step down because of what he called an “unprecedented” smear campaign against his wife. Sánchez, who has been in office since 2018, stunned the nation Wednesday by announcing that he was canceling all official events until next week, when he will unveil his future plans. The announcement came hours after a Madrid provincial judge agreed to study allegations of corruption brought by a right-wing group against Sánchez's wife, Begoña Gómez.
The iconic windmill sails of the Moulin Rouge, a vibrant emblem of Paris’s bohemian lifestyle, collapsed Thursday after a show. Jean-Victor Clerico, the director of Moulin Rouge, told French media that a “technical problem” led to the windmill’s sails and part of the cabaret’s illuminated sign crashing to the ground. Despite the setback, Clerico said that the show at Moulin Rouge will go on, emphasizing the cabaret’s resilience and commitment to continuing its legacy.
Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America."Weakness in the US centered around frozen pizza and snacks, where we saw a combination of soft consumer demand, intense price competition and a reduction in retailer inventories in the quarter," Manz said.
Hersh Goldberg-Polin was abducted at the Nova music festival that was attacked by Hamas gunmen early on Oct. 7 .
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first quarter.
Amazon ’s cloud computing unit Amazon Web Services plans to invest $11 billion to build a data center in northern Indiana that will create at least 1,000 new jobs, state and company officials announced Thursday. Republican Gov. Eric Holcomb called the project planned near the town of New Carlisle, about 15 miles (24 kilometers) west of South Bend, “the largest capital investment announcement in Indiana’s history."
Russia is considering downgrading the level of its diplomatic relations with the United States if Western governments go ahead with proposals to confiscate its frozen assets, state news agency RIA quoted Deputy Foreign Minister Sergei Ryabkov as saying on Thursday. The G7 group of nations are looking to use nearly $300 billion worth of Russian financial assets frozen by sanctions since 2022 to help support Ukraine, which is now in its third year of fighting a Russian invasion.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Flooding in Tanzania caused by weeks of heavy rain has killed 155 people and affected more than 200,000 others, the prime minister said Thursday. Prime Minister Kassim Majaliwa told parliament that the El Niño climate pattern has worsened the ongoing rainy season, causing the flooding and destroying roads, bridges and railways. Flooded schools have been closed and emergency services have rescued people marooned by the flood waters.
Yahoo Home