Author: omc_admin
TORONTO (AP) — The Canada Industrial Relations Board declared a strike by 10,000 Air Canada flight attendants illegal Monday and ordered them back on the job after they ignored an earlier order to return to work and submit to arbitration.The strike at Canada’s largest airline entered its third day on Monday and is affecting about 130,000 travelers per day during the peak summer travel season. The two sides remain far apart on pay and other issues. Air Canada suspended plans to restart operations Sunday after the union defied a return-to-work order and said workers would not go back to work.…
Do you know the best place to land if you accidentally fall out of a plane?This scenario is the basis for a now mega-viral meme made by The Original Tamale Company, a family-run small business in Los Angeles, with a little help from ChatGPT.The 46-second social media spot has been viewed more than 22 million times in about three weeks and has 1.2 million likes. Celebrities like sports analyst Emmanuel Acho, professional boxer Emiliano Vargas, and “Queen of the South” actor Peter Gadiot, have commented on the post.It’s the kind of advertising win that once was the sole purview of…
While AI giants are breaking the bank to fund the future of the technology, two companies are hoping a single dollar fee can help them gain a foothold in Washington.OpenAI and Anthropic are charging the Trump administration just $1 per agency to access their leading AI models for the next year.In another sign of how competitive things remain, OpenAI announced its agreement for ChatGPT Enterprise access on August 6. Less than a week later, Anthropic announced a similar deal for access to Claude for Enterprise and Claude for Government.Government contracts could be quite lucrative for AI companies. Anthropic already has…
AI labs wanted him. Big Tech did too. But in the end, it was quant finance that won over teen prodigy Kairan Quazi.The 16-year-old, who garnered worldwide attention in 2023 for graduating from college and landing a job as a SpaceX engineer at age 14, starts this week as a quant developer at systematic trading giant Citadel Securities in New York City.”After two years at SpaceX, I felt ready to take on new challenges and expand my skill set into a different high-performance environment,” Quazi told Business Insider in an interview. “Citadel Securities offered a similarly ambitious culture, but also…
Anthropic has told investors it is displeased by the prevalence of a popular kind of investment vehicle being marketed to those eager to get in on the AI boom, according to two sources with knowledge of the matter.In its latest funding round, the AI startup is raising around $5 billion at a $170 billion valuation, Business Insider has confirmed. It told one of its largest investors, Menlo Ventures, that the venture capital firm must use its own capital and not resort to a special purpose vehicle, or SPV, as it did in a previous funding round, one of the people…
Golar LNG Ltd. has reported $75.67 million in operating revenue for the second quarter, up 17 percent from the same three-month period last year. Liquefaction services revenue totaled $56.51 million for 2Q 2025, compared to $56.12 million for 2Q 2024. Vessel management fees and other revenues doubled to $10.94 million from $5.44 million. Hamilton, Bermuda-based Golar reported no time and voyage charter revenues for 2Q 2025 while $3.13 million was reported for 2Q 2024. It reported no sales-type lease revenue for 2Q 2024 while $8.22 million was reported for 2Q 2025. “Upon COD [commercial operations date] in June 2025, the…
The amount of electricity produced from solar installations in the UK since the start of the year has topped the 2024 total, the Financial Times has reported, citing analysis of data from the University of Sheffield.The total amount of electricity generated by solar panels from January this year to August 16 stood at 14.08 TWh, the FT reported, adding this was some 30% more than generation in the same period of 2024. The publication noted that the amount was enough to power 5.2 million homes for a period of one year.Of course, the problem with solar is that it cannot…
A train transports oil tankers in Ajmer on July 7, 2025. Indian exporters are scrambling for options as they seek to mitigate the fallout of U.S. President Donald Trump’s threatened tariff salvo against the world’s most populous nation.Himanshu Sharma | Afp | Getty ImagesU.S. President Donald Trump’s trade advisor Peter Navarro on Monday called on India to stop buying Russian crude oil, accusing the Asian giant of undermining international efforts to isolate Vladimir Putin’s war economy.Writing in in the Financial Times, Navarro described India’s dependence on Russian oil as “opportunistic,” adding that if India “wants to be treated as a…
Algeria is close to finalizing a deal with Exxon Mobil Corp. and Chevron Corp. to tap the North African nation’s vast gas reserves, including shale, for the first time, a senior official said. “The technical aspects have more or less been agreed upon, but the commercial alignment is still under negotiation and will soon be finalized,” Samir Bekhti, the chairman of energy regulator Alnaft, said in an interview. Attracting the two US giants “sends a strong signal,” he said. Algeria is betting big on shale as it looks to shore up state revenue in a country where hydrocarbons account for…
Indian Oil Corp., the largest refiner in the country, is set to launch its first sustainable aviation fuel production facility by the end of the year. Production capacity will be 35,000 tons annually, with the feedstocks coming from hotel chains, restaurants, and other large-scale users of cooking oil.The plant’s projected capacity will be enough to meet India’s requirements for blending 1% of sustainable aviation fuel with jet fuel beginning from 2027, the chairman of Indian Oil Corp., Arvinder Singh Sahney, told the media as quoted by The Indian Express. The main market for the product will be Europe, which has…