SUN Financial News

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

An ambitious plan to build a massive solar farm in remote northern Australia to transmit energy by a submarine cable to Singapore is a step closer after the Australian government granted environmental approvals for the $19 billion project on Wednesday

SINGAPORE—China’s internet giants are betting billions on incubating the country’s OpenAI challengers, with Alibaba Group and Tencent leading the charge. Since 2023, investors—including the country’s biggest tech companies—have valued at least six China-based startups developing large language models at more than $1 billion each.

Black Myth: Wukong is a game set to release on August 20, 2024, for PlayStation and PC. The game, based on the classic novel 'Journey to the West,' has faced some delays for Xbox players. This story covers the release date, time and platform details for the upcoming game.

Prince Andrew's private security contract is going to expire this fall, and it is apparently not being renewed by King Charles III. Due to the lack of a replacement detail, this decision leaves the Duke of York without security. Following the prince's loss of police protection in 2022, The Sun on Sunday disclosed that King Charles has been paying Andrew's security expenses at Royal Lodge. The annual cost to the monarch of this security agreement is close to $4 million, as per the reports of Yahoo entertainment. There seems to be uncertainty about Prince Andrew's stay at Royal Lodge. Andrew paid almost $9 million for extensive modifications to the home, which was formerly owned by the Queen Mother, after he bought it in 2003. The annual maintenance expenditures are expected to be $503,000, while Andrew only pays roughly $337,000 in rent. At almost $37 million, the Royal Lodge is considered valuable. The property lease is arranged so that upon Andrew's passing, it will only be transferred to his daughters, Princess Beatrice and Princess Eugenie. Also Read: Astronauts Butch Wilmore and Sunita Williams are stuck in space

Coca-Cola has been a mainstay of many rituals for many years, particularly in indigenous communities. As the world's most devoted soft drink consumers, people in Mexico think the beverage uplifts people's spirits and aids in healing. Some people even think it can help resolve domestic strife. Doctors have warned of a catastrophic health crisis facing a state in Mexico that consumes more coke than any other place in the world. In Chiapas, finding a bottle of Coke is considerably simpler than finding a bottle of water, and the price is the same. The town's population is gradually dying from Coca-Cola addiction. The main town of Chiapas, San Cristobal de las Casas, has a high prevalence of Type 2 diabetes, six-month-old babies drink coke instead of milk, and some residents offer prayers to empty bottles on shrines. Also Read: Did Taylor Swift endorse Donald Trump? Is it AI-generated?

Buckingham Palace was received in February. It took the world by surprise that King Charles had cancer and would be taking time off from public duties to receive treatment. However, in an uncanny happening, he is now deemed fit enough for a royal tour to Australia and Samoa, merely six months after the announcement. He has been upfront and honest about his prostate issue but is unlikely to disclose the specific type of cancer he is diagnosed with, according to The Sun. His goal, according to them, is to «reach out and embrace as many people impacted by cancer as he can.» The King was driven to disclose his cancer diagnosis in the hopes that the public's overwhelming support for him after he disclosed that he had undergone a prostate procedure and the substantial awareness it garnered would occur this time as well. From the beginning, courtiers have made it apparent that there would be no frequent updates on the monarch's health and recuperation, except for any significant developments required to be made public. Also Read: US Open 2024: When and where to watch live on TV and streaming in US and UK

Dr Lal PathLabs, Sun TV, and 19 other companies are expected to be in focus today, as they have set August 20 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to purchase shares of these companies to qualify for the announced dividends.

Kamala Harris has stormed into contention in the fast-growing and diverse states of Arizona, Georgia, Nevada and North Carolina, not long after Donald Trump had seemed on the verge of running away with those states when President Joe Biden was still the Democratic nominee. The new polls from The New York Times and Siena College show how quickly Harris has reshaped the terrain of 2024 and thrust the Sun Belt back to the center of the battleground-state map. Harris is now leading Trump among likely voters in Arizona, 50 per cent to 45 per cent, and has even edged ahead of Trump in North Carolina — a state Trump won four years ago — while narrowing his lead significantly in Georgia and Nevada.

HAL, Reliance and ONGC among a host of other companies are likely to remain in focus next week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

telecom operators have fallen 12% to ₹1,335 crore for the fiscal ended March 31 from ₹1,516 crore in the previous fiscal, even as two of the three operators have shown a decline in content investments, as per the figures sourced from the annual reports of these companies. In the last few years, telecom operators have been heavily focused on acquiring content from TV broadcasters, besides partnering with streaming platforms, to build stickiness and drive data consumption. According to Jio Platforms' annual report, the company's content charges jumped 74% to ₹362 crore. Jio Platforms, the holding company of Reliance Jio Infocomm, also owns JioTV, India's largest live TV aggregation service.

The pyramid, which was built 1000 years ago, is located in Michoacan state. The pyramid has rich history of being part of a seat of power in Ihuatzio, Fox Weather reported quoting Mexico's National Institute of Anthropology and History. This summer’s intense heat and prolonged drought unleashed a series of misfortunes upon the ancient pyramid, as scorching temperatures and arid conditions conspired to fracture its once-imposing facade. The relentless sun cracked the stone, and when the long-awaited rain finally arrived, it seeped into these vulnerable crevices, exacerbating the damage and undermining the pyramid's stability.

Benchmark NSE Nifty closed 397.41 points up at 24541.15 amid buying in frontline bluechip counters.

Here's breaking down the pre-market actions:

The NBA released the complete schedule for the regular season on Thursday after revealing the Emirates NBA Cup (in-season tournament) schedule earlier this week. A doubleheader on the card during the first night of the season opens with Boston-New York followed by the Los Angeles Lakers hosting the Minnesota Timberwolves.

Canada Jetlines Ltd. has grounded all flights, temporarily ceasing operations amid a financial crisis at the carrier.

Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, India Cements, Indiamart Intermesh, LIC Housing Finance, Manappuram Finance, Punjab National Bank (PNB), RBL Bank, Steel Authority of India (SAIL) and Sun TV Network. Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) has moved out of the ban.

US Presidential Election 2024 is only a few weeks away, the political tension is escalating by leaps and bounds, US President Joe Biden has come under scathing attacks for the most unexpected reasons. He was caught taking forty winks under the sun at Delaware Beach. The Republican Party lost no time in attacking him and accusing him of dereliction of duty. They went to the extent of saying that Biden has spent 40% of his entire presidency on vacation. The RNC Research took to social media platform X and wrote in a post, «Biden- who held just one public event this week- is currently lounging on the beach in Delaware. He has spent 40% of his entire presidency on vacation. Who is running the country?» This triggered reactions among the netizens who came out on the social media platforms in a large number, most of them slammed or ridiculed the 81-year-old president. A user called Collins Opara wrote, «This is a joke! Biden has spent 40% of his presidency on vacation while the country falls apart. Inflation, crime, border crisis — who cares? He's too busy relaxing on the beach. Unbelievable dereliction of duty. Incompetent leadership. America deserves so much better than this.»

IMD) has issued a yellow alert for multiple districts in Maharashtra, including Amravati, Buldhana, Chandrapur, Nagpur, Wardha, and Washim. This alert warns residents of possible isolated thunderstorms and lightning, advising them to stay cautious and prepared for sudden weather changes. Mumbai Weather Forecast Mumbai is expected to experience mostly cloudy weather with light rain over the next few days. The city’s temperatures will hover between 26°C and 30°C today, with wind speeds around 15 kilometres per hour. The sun rose at 6:19 AM and will set at 7:07 PM, offering a brief respite between rainy spells.

Crypto custody platform Bitgo is planning to move the wrapped bitcoin (WBTC) product to its joint venture with Hong Kong-based BiT Global which is triggering a backlash due to Justin Sun’s involvement.