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What we know about US seizure of Russian-flagged oil tanker linked to Venezuela
Sky News· 2026-01-07 14:15
Core Points - The US has seized a Russian-flagged oil tanker, previously known as the Bella 1 and now called the Marinera, which has links to Venezuela [1] - The seizure occurred in the North Atlantic, with US forces boarding the tanker while it was traveling north [2] - The tanker was sanctioned by the US in 2024 for allegedly smuggling cargo for a company linked to Hezbollah [3] Seizure Details - The US pursued the tanker for two weeks after it evaded a maritime blockade around Venezuela [3] - The US Coast Guard initially attempted to intercept the vessel last month, but it refused to be boarded [3] - The tanker was registered under a Russian flag at the time of seizure, having previously sailed under a Guyana flag [3] Russia's Response - Russia's foreign ministry claimed the tanker was in international waters and operating under international maritime law [5] - The ministry called on Western countries to respect the vessel's right to freedom of navigation [5] Context of the Seizure - This incident follows a US special forces operation to capture Venezuela's president, Nicolas Maduro, for prosecution on drug trafficking charges [8] - The seizure is part of a broader campaign by the US Coast Guard to apply pressure on Venezuela [8]
Robots with human-type capabilities are coming this year, says Nvidia CEO
Sky News· 2026-01-07 11:02
Core Insights - The CEO of Nvidia, Jensen Huang, believes that robots will achieve human-level capabilities this year due to rapid technological advancements [1] - There is a growing sentiment in the tech industry that artificial intelligence is ready to transition from digital to physical applications [1] Industry Trends - The Consumer Electronics Show (CES) showcases a variety of robots, including vacuum cleaners, lawnmowers, and humanoid robots, indicating a significant trend in robotics [2] - Many robots at CES are not fully autonomous and often require human intervention, limiting their effectiveness [3] Technological Advancements - Self-driving cars are cited as a successful example of robotics that have passed the physical Turing Test, indicating that robots can handle complex environments [4] - The development of generative AI is seen as a key factor in enhancing robotic capabilities, with the potential to integrate AI models into robotic systems [6][7] Future Projections - Experts believe that the core technological challenges in robotics have been addressed, paving the way for the development of advanced robots [8] - Companies like Boston Dynamics focus on industrial applications for robots, with expectations of deployment in factories by 2028 to 2030 [11][12] Job Market Implications - There is a consensus that robots will create jobs rather than eliminate them, particularly in manufacturing, where there is a significant labor shortage [12][13] - The deployment of robots is expected to allow workers to transition to more skilled roles, as seen in examples where workers move from manual tasks to operating robots [14]
Trump announces 'high quality' oil deal with Venezuela
Sky News· 2026-01-07 01:32
Group 1: Oil Transfer and Economic Impact - Donald Trump announced that Venezuela's interim government will transfer between 30 and 50 million barrels of "high quality" oil to the US, valued at over $2 billion [1] - The oil will be transported by storage ships directly to US unloading docks and sold at market price, with proceeds controlled by Trump [1] - The plan is to be executed by Energy Secretary Chris Wright [1] Group 2: US Oil Companies and Venezuela - Trump has indicated that US oil companies could resume operations in Venezuela within 18 months following the arrest of President Nicolas Maduro [4] - Currently, only Chevron operates in Venezuela, while Exxon Mobil and ConocoPhillips exited after nationalization under Hugo Chavez [5] - Reports suggest that executives from US oil companies are expected to visit the White House to discuss potential investments in Venezuela [6] Group 3: Venezuela's Oil Reserves and US Sanctions - Venezuela possesses the world's largest reserves of heavy oil, surpassing Canada and Russia [5] - The US has recently blocked oil tankers from leaving Venezuela and seized several in international waters as part of sanctions enforcement [5]
Tesla loses title of world's biggest electric vehicle maker
Sky News· 2026-01-02 15:59
Group 1: Sales Performance - Tesla delivered 1.64 million vehicles in 2025, a decrease of 9% from the previous year, losing its position as the world's bestselling electric vehicle maker to BYD, which sold 2.26 million vehicles [1] - In the fourth quarter, Tesla sales totaled 418,227, falling short of the expected 440,000 units, potentially impacted by the end of a $7,500 tax credit [2] - Analysts expect a 3% decrease in sales and a nearly 40% drop in earnings per share for the upcoming fourth-quarter earnings report [9] Group 2: Competitive Landscape - The new stripped-down versions of the Model Y and Model 3 were introduced to help revive sales and compete with Chinese models in Europe and Asia [8][9] - The new Model Y is priced just under $40,000, while the cheaper Model 3 is available for under $37,000, aimed at increasing competitiveness [9] Group 3: Stock Performance and Investor Sentiment - Despite the sales decline, Tesla's stock finished 2025 with an approximate gain of 11%, reflecting investor optimism regarding CEO Elon Musk's ambitions for robotaxi services and humanoid robots [5] - Tesla shares rose almost 2% before the opening bell, with stock trading mostly unchanged at $450.27 in early trading [5] Group 4: Executive Compensation - Elon Musk's $1 trillion pay package was approved, contingent on meeting ambitious performance targets over the next 10 years [10] - Musk also regained a $55 billion pay package from 2018 after a Delaware Supreme Court ruling [10]
$400,000 worth of lobster stolen en route to Costco wholesale stores in US
Sky News· 2025-12-28 06:07
Core Viewpoint - A significant theft of a $400,000 shipment of lobster intended for Costco has raised concerns about the increasing trend of freight thefts involving impersonation of legitimate carriers [1][2]. Group 1: Incident Details - The stolen shipment of lobsters was valued at $400,000 (£295,000) and was being transported by Rexing Companies to Costco stores in Illinois and Minnesota [1]. - The lobsters were picked up in Taunton, Massachusetts, but never reached their destination [1]. Group 2: Company Impact - The president of Rexing Companies, Dylan Rexing, stated that the theft was not random and is part of a growing pattern where criminals impersonate legitimate carriers [2]. - The loss from this theft is described as "significant" for Rexing Companies, which is based in Indiana [2]. Group 3: Industry Implications - The theft is expected to drive up costs across the supply chain, which will ultimately affect consumers [3]. - The FBI is currently investigating the incident, highlighting the seriousness of the issue [3]. - Rexing emphasized the need for federal agencies to have modern enforcement tools to combat organized criminal networks effectively [3][4]. - Without improved enforcement, such thefts are likely to continue disrupting businesses and impacting everyday prices [4].
High street banking giants vie for £2.5bn wealth manager Evelyn
Sky News· 2025-12-23 20:03
Two of Britain’s biggest high street banks are embroiled in a £2.5bn takeover battle for Evelyn Partners, the wealth management group.Sky News has learnt that Barclays and NatWest Group were among the bidders notified last week that they were through to the second round of the Evelyn auction. Royal Bank of Canada is also said to be in the frame to buy Evelyn, while a number of private equity firms have also tabled offers for the business.Lloyds Banking Group is understood to have explored an offer for Evely ...
Jail for burglars who used Grindr dating app to dupe victims
Sky News· 2025-12-23 15:10
Core Points - Two burglars used the Grindr dating app to deceive victims into allowing them into their homes, leading to theft of devices and funds [1][9] - Rahmat Khan Mohammadi targeted 11 victims over a five-month period, while Mohammed Bilal Hotak committed multiple offenses within a shorter timeframe [2] - Both men received significant prison sentences, with Mohammadi sentenced to five years and Hotak to three and a half years [2] Legal Proceedings - Judge Adenike Balogun highlighted the psychological trauma and distress caused to the victims, emphasizing the violation of their private spaces [3] - The prosecution suggested that the crimes could be viewed as hate crimes due to the targeting of victims based on their sexuality [3][4] - The judge noted that the victims were targeted for their perceived vulnerability rather than out of hostility towards their sexuality [4] Modus Operandi - The burglars exploited Grindr to gain easy access to victims' homes, often using deceptive profiles and distraction tactics to facilitate the theft [5][7] - They would ask victims to play music on YouTube, which prevented the phone from being locked, allowing them to steal devices [7] - The defense argued that Grindr's anonymity provided a unique opportunity for the men to commit their crimes without fear of repercussions [9] Victim Impact - Victims reported severe psychological trauma, with one individual expressing distress over losing irreplaceable family photos stored on his phone [9][10] - Another victim described the experience as invasive and degrading, leading to lasting fear of online dating [10] - The Metropolitan Police's hate crime lead characterized the crimes as "callous, calculated, pre-planned," emphasizing the devastating impact on victims [13]
New Uber backed driverless taxis to hit UK streets in 2026
Sky News· 2025-12-22 15:02
Core Insights - Uber and Lyft are set to launch driverless taxi trials in London in 2026, partnering with Baidu, highlighting the UK's position as a leading testbed for robotaxis in Europe [1][4] - The trials will see competition between US and Chinese autonomous vehicle companies in a European capital for the first time, following Waymo's recent supervised tests in London [2][3] Company Developments - Lyft's trials will utilize Apollo Go RT6 vehicles designed specifically for ridesharing, with plans to start testing a fleet of dozens of vehicles next year, pending regulatory approval, and scale to hundreds thereafter [3][5] - Baidu is competing with companies like Waymo, which has already begun testing its vehicles on London streets [3] - Lyft's UK trial is part of its international expansion strategy, following its $200 million acquisition of the European taxi app FreeNow [5] Regulatory Environment - The success of fully autonomous trials in the UK depends on the government finalizing driverless car regulations and granting operational approvals [4][7] - The UK's Automated Vehicles Act 2024 shifts legal responsibility for incidents from the driver to the "authorised self-driving entity," facilitating the commercialization of driverless taxis [7] Market Context - The driverless car trials in London are part of a broader global trend, with Baidu and WeRide expanding their operations in various regions including the US, Middle East, and Switzerland [4] - The emergence of self-driving taxis in London parallels developments in other cities, such as San Francisco and Tokyo, where autonomous vehicles have become more common [7] Public Perception - Concerns about public trust in driverless taxis persist, with some industry representatives expressing skepticism about their necessity and safety [8] - Waymo has reported providing over 10 million fully autonomous rides in the US, indicating a significant operational scale despite challenges [9]
Fears grow of AI bubble - and here are the pressure points that could burst it
Sky News· 2025-12-22 03:19
Core Insights - Analysts express concerns that the current AI boom may be unsustainable, with significant investments not yielding proportional returns [1][6][10] - The S&P 500 index shows that 75% of its returns are driven by 41 AI stocks, with the "magnificent seven" tech companies contributing 37% to the index's performance [2][4] - Major tech companies are projected to spend around $1 trillion on AI by 2026, with OpenAI alone committing $1.4 trillion over three years, raising questions about the return on these investments [9][10] Investment Dynamics - The dominance of AI investments is primarily focused on Large Language Models, which raises fears of an AI bubble [4][6] - Despite high spending, profits from AI initiatives remain low, with OpenAI expected to generate just over $20 billion in profit by 2025, insufficient to cover its $1.4 trillion expenditure [10][24] - The rapid growth in AI infrastructure, including data centers, is straining power resources and may require constant upgrades, complicating investment returns [14][18][20] Market Sentiment - There is a growing skepticism among investors regarding the profitability of AI, as many companies are still in the pilot phase of AI implementation [29][32] - Adoption rates for AI among businesses are low, with only 12-14% of larger companies actively using AI for production as of mid-2025 [29][30] - Concerns are mounting that the anticipated improvements in AI capabilities may not materialize, leading to potential market corrections [36][37]
How a Reddit post blew university shooting investigation wide open
Sky News· 2025-12-19 08:58
Core Points - The suspect in the Brown University shooting was identified as Claudio Manuel Neves Valente, a 48-year-old Portuguese national, after police received a tip from a Reddit post [1][2] - The shooting resulted in the deaths of two students, Mukhammad Aziz Umurzokov and Ella Cook, and left nine others injured [1] - A witness provided crucial information about a grey Nissan sedan with Florida plates, which led police to identify the suspect [3][13] Group 1: Identification of the Suspect - The suspect was located after a Reddit user reported seeing him near the scene of the shooting [2][3] - Police confirmed that the information from the Reddit post matched earlier CCTV footage of the suspect [4] - The suspect was seen wearing distinctive clothing that matched what he wore at a car rental office [14] Group 2: Connection to Other Crimes - Authorities are investigating a potential link between Neves Valente and the murder of MIT professor Nuno Loureiro, who was killed two days after the Brown University shooting [17][18] - Neves Valente and Loureiro attended the same academic program in Lisbon, Portugal, from 1995 to 2000 [20] Group 3: Discovery of the Suspect's Body - Neves Valente was found dead in a storage facility in New Hampshire after evading capture [22] - His body was discovered alongside firearms and evidence linking him to the Brown University shooting [23] - The investigation revealed that he had attempted to conceal his identity by altering the rental car's license plate [22] Group 4: Ongoing Investigation - Authorities have stated that there are still many unknowns regarding the motive behind the shooting [24] - The FBI had offered a $50,000 reward for information leading to the suspect's capture, and it remains unclear if the witness will receive this reward [26][30]