Britain is on track to shed more than one pub a day this year
Rising costs and lower spending are hitting the UK’s drinking establishments.
China is driving renewable energy growth globally — it’s also the world’s biggest coal producer
As the US pulls back on wind and solar investments, China is going all in on both clean energy and carbon-emitting sources.
Traffic to the Astronomer company’s website jumped more than 15,000% after the viral Coldplay clip
Well, that’s one way to drive some traffic to your software company’s website.
After a clip from the Coldplay concert in Boston went viral, traffic to “astronomer.io” — the website of the SAAS enterprise run by (now former) CEO Andy Byron — exploded in true viral style. According to data from Similarweb, daily visits clocked in at more than 1.4 million on July 17.
That’s roughly 150x the typical traffic that the website was getting on a daily basis, with average daily page visits clocking in at just over 9,000 from June 21 to July 16, Similarweb data shows.
But the deluge of visitors were probably disappointed upon their arrival, with the company’s main product significantly less entertaining than its CEO’s antics. Per the company’s website, its product “empowers your team to build, run, and observe data pipelines that just work, all from one place.”
Surely, out of the millions of people looking the company up, there is someone who thought: wait, my company does actually need something just like this.
Record-high coffee prices poised to keep rising on upcoming Brazil tariffs
Anyone who relies on a morning cup of coffee will have noticed how much their caffeine kick has been setting them back of late.
Now, as the Trump administration prepares to impose a 50% tariff on imports from Brazil to the US from August 1, people may have to fork out even more.
Coffee prices have recently surged to an all-time high, hitting $7.93 per pound of ground roast coffee in May — up from $5.99 in the same period last year, according to Bureau of Labor Statistics data first reported by The New York Times.
Coffee prices have recently surged to an all-time high, hitting $7.93 per pound of ground roast coffee in May — up from $5.99 in the same period last year, according to Bureau of Labor Statistics data first reported by The New York Times.
Eli Lilly is fattening its stockpiles of GLP-1s to prevent tariffs from trimming its profits
Imports of peptides and protein-based hormones — the category that GLP-1 weight-loss drugs fall under — from Ireland are already more than double than last year.
President Trump threatens 10% additional tariffs on countries backing “anti-American” BRICS policies
The BRICS bloc has grown to represent nearly 40% of global GDP in recent years.
By 2030, AI data centers could take a bigger share of carbon emissions than flights do currently
Running AI compute on phones could offer a glimmer of hope for reducing the tech’s mounting power use.
NATO allies agree to 5% defense spending target — but which countries spend the most on their military already?
Leaders of 32 major European and North American countries met at the NATO summit in the Netherlands on Wednesday and agreed to commit to spending 5% of gross domestic product on defense by 2035, an enormous rise from the previous target of 2%.
Ahead of the meeting, the alliance endorsed Article 5 of its founding treaty in light of rising international tensions.
Europeans hit back against overtourism
Last summer, record numbers of tourists visited Europe’s top attractions. Now, many residents have had enough.
Boeing Dreamliner crash details emerge as India reportedly weighs grounding the 787
More details are coming to light around Thursday’s deadly crash of Air India Flight 171.
The Boeing 787 Dreamliner had 242 people onboard including crew when it crashed into a medical school dining hall shortly after takeoff. The death toll, including people on the ground, has reached more than 240. As of Friday morning, there is only one known survivor who was onboard.
According to reports out of India, the Indian government is considering grounding its fleet of 787-8s.
The crash marks the country’s deadliest aviation incident in 29 years and is the first crash of a 787 Dreamliner in the aircraft’s 14-year history. More than 1,100 Dreamliners operate worldwide.
Boeing’s shares closed down nearly 5% on Thursday and continued their downward slide on Friday morning. Since market close on Wednesday, the plane maker has shed about $12 billion in market cap. Engine manufacturer GE Aerospace was also trading lower both days.
US stock futures sink, oil spikes, and European markets open lower after Israeli strikes on Iran fuels war fears
Israel launched air strikes on Iran’s nuclear and military sites early Friday in an operation Prime Minister Benjamin Netanyahu said could last “as many days as it takes.” The strikes, reflecting Israel’s long-standing view of Iran’s nuclear program as an “existential threat,” reportedly killed six nuclear scientists and several of the country’s top military leaders. Iran retaliated by launching more than 100 drones toward Israeli territory.
US Secretary of State Marco Rubio said the US wasn’t involved in the strikes. President Trump had recently urged Netanyahu to hold off from taking military action. In a post on Truth Social, Trump again urged Iran to make a nuclear deal, saying, “Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire.”
The market reaction has been aggressively risk-off in early trading on Friday:
Oil prices are up over 7%, pulling back somewhat after briefly spiking as much as 13% — the largest intraday gain since Russia’s invasion of Ukraine in 2022.
Energy stocks were up, with the Energy Select Sector SPDR Fund up more than 3% in premarket trading.
Safe haven assets have caught a bid, with gold up 1.2%, nearing April’s record high of $3,500 an ounce, as the US dollar also strengthened modestly. Treasury yields ticked higher this morning, but are broadly unchanged in the last 24 hours.
Equity indexes were in the red, with futures on the SPDR S&P 500 Trust down more than 1%. European markets were lower too, with the STOXX 600 down ~1%.
Defense stocks were also rising, with Lockheed Martin up more than 5% and L3Harris Technologies and Northrop Grumman both up ~4%.
Boeing trading lower after crash in India involving a 787-8 Dreamliner
An Air India flight bound for London Gatwick has crashed less than 10 minutes after taking off from Ahmedabad Airport. Footage on social media appears to show a plane losing altitude shortly after takeoff. Per a statement from the Directorate General of Civil Aviation, the aircraft issued a “mayday” call before crashing.
In a statement on X, Natarajan Chandrasekaran, chairman of Air India, said:
“With profound sorrow I confirm that Air India Flight 171 operating Ahmedabad London Gatwick was involved in a tragic accident today. Our thoughts and deepest condolences are with the families and loved ones of all those affected by this devastating event.”
According to the BBC, the plane — a Boeing 787-8 Dreamliner — was carrying more than 240 people onboard when it took off at 1:38 p.m. local time. Though the cause of the tragic incident is as yet unknown, Boeing shares sank as much as 7.8% in premarket trading on Thursday. According to the Aviation Safety Network, this is the first ever crash of a Boeing 787.
In a statement on X, Natarajan Chandrasekaran, chairman of Air India, said:
“With profound sorrow I confirm that Air India Flight 171 operating Ahmedabad London Gatwick was involved in a tragic accident today. Our thoughts and deepest condolences are with the families and loved ones of all those affected by this devastating event.”
According to the BBC, the plane — a Boeing 787-8 Dreamliner — was carrying more than 240 people onboard when it took off at 1:38 p.m. local time. Though the cause of the tragic incident is as yet unknown, Boeing shares sank as much as 7.8% in premarket trading on Thursday. According to the Aviation Safety Network, this is the first ever crash of a Boeing 787.