A new Netflix documentary, "Titan: The OceanGate Disaster," explores the 2023 tragedy of the Titan submersible, which imploded during a dive to the Titanic wreck, killing all five people on board. The documentary raises questions about OceanGate's legacy, its CEO Stockton Rush's leadership, and the structural failures that led to the disaster. Former employees describe a culture of ambition and ego, where safety concerns were brushed aside and whistleblowers were silenced. The US Coast Guard launched a Marine Board of Investigation, which has not yet released its final report. OceanGate has suspended its operations, but the company still exists as a registered business. A lawsuit has been filed by the family of one of the victims, seeking over $50 million in damages, and more legal action may follow as more details emerge.
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June 11, 2025 • By reuters.com
The US Congress is seeking to boost the Navy and Air Force fleets in the 2026 bill. The article from Reuters provides information on this development, but the details of the bill and its implications are not specified in the given text. The article is part of the BizToc news platform, which offers a wide range of news stories, including business and current events.
June 11, 2025 • By Yogima Seth Sharma
The provided text appears to be a collection of news headlines and advertisements from The Economic Times. Here's a concise summary: * A plane crash occurred in Gujarat, India, involving an Air India flight from Ahmedabad to London, resulting in condolences from global leaders, including PM Modi. * Former Gujarat CM Vijay Rupani was among those killed in the crash. * Other news headlines include: + TCS unlocking a $1 billion opportunity + Zomato facing challenges from quick commerce + The RBI's LAF corridor and its role in rate transmission + A company balancing coal and green initiatives + Stock market updates, including Bandhan Bank's breakout and target prices * The text also includes advertisements for The Economic Times Prime membership, offering exclusive benefits, discounts, and access to premium content.
June 11, 2025 • By reuters.com
Voyager Technologies' shares more than doubled in value on their NYSE debut, valuing the company at $3.8 billion. The significant increase in share price occurred on the company's first day of trading on the New York Stock Exchange.
June 11, 2025 • By benzinga.com
XTI Aerospace, Inc. (NASDAQ:XTIA) shares are trading higher after appointing former Paramount Group CEO Stephen Griessel to its advisory board. Griessel brings over four decades of leadership experience in defense, which is expected to benefit the company. This announcement has led to an increase in the company's stock price on Wednesday.
June 11, 2025 • By Peter
RedMagic has launched the RedMagic Tablet 3 Pro, a gaming tablet with a 9.06" OLED display, 165Hz refresh rate, and peak brightness of 1,600 nits. It's powered by the Snapdragon 8 Elite chip, paired with up to 24GB of RAM and 1TB of storage. The tablet features a liquid metal cooling system, a fan with RGB lighting, and a large vapor chamber. It runs on an 8,200mAh battery, promising up to 5.5 hours of gaming, and supports fast charging with an 80W charger. The tablet will be available in China starting at CNY 4,000 ($555) and will launch globally on July 1 as the RedMagic Astra. Accessories include the Shadow Blade Gamepad 3 and the IceBlade Magnetic Keyboard. The tablet has a USB 3.2 Gen 2 port, but no information on bypass charging or cooler installation is provided.
June 11, 2025 • By Michael Barnard
Mariana Mazzucato's book, "The Entrepreneurial State," highlights the crucial role governments play in driving innovation, contrary to the popular myth that private firms are the primary drivers of breakthrough innovation. The book argues that governments typically take on the significant risks of radical innovation, while private companies focus on quarterly earnings and immediate market demands. Mazzucato provides examples such as the creation of the internet, pharmaceutical industry, and energy technologies, where government-funded research laid the foundation for later commercialization by private firms. The Trump administration's approach to scaling back government investment in science and technology is criticized as a departure from a proven pathway to innovation. The administration's policies, including drastic cuts to funding for science and technology agencies, ignore the reality that transformative innovation rarely fits into private firms' quarterly financial goals. Mazzucato emphasizes the importance of mission-oriented government investments, citing examples like the Apollo mission, which created new markets and spurred breakthroughs that private actors later leveraged. The book warns against ideological narratives that diminish the legitimacy of public sector involvement in innovation, pointing to damaging outcomes when countries fail to recognize the reality of state-supported breakthroughs. The article concludes that the US is at risk of falling behind in crucial industries, such as biotechnology, renewable energy, and artificial intelligence, due to the administration's approach. It argues that a more prudent approach would involve restoring robust federal investment, reasserting scientific autonomy in research, and rebuilding productive partnerships between public institutions and private firms.
June 11, 2025 • By Marco della Cava
Brian Wilson, an eclectic genius whose sunny Beach Boys songs helped define a revved-up era of American popular music, has died at age 82. Wilson's family announced his death on social media Wednesd…
June 11, 2025 • By Hugh Dooley
European shares closed lower due to US-China trade talks offering less detail than expected, despite initial gains from better-than-expected inflation reports. The pan-European Stoxx 600 index lost 0.3%, remaining 2% shy of its all-time high. In Dublin, the Iseq All-Share index ended down 0.02% at 11,716.64, with Dalata rising 0.79% to €6.38 after rejecting a €1.3 billion bid. Home builders such as Cairn Homes and Glenveagh Properties saw gains following the announcement of rewritten rental regulations. In London, the FTSE 100 closed 0.1% higher, with British finance minister Rachel Reeves announcing spending priorities on health, defense, and infrastructure. The US markets saw the S&P 500 and Nasdaq trading near record levels, with Tesla advancing and Intel shares falling.
June 11, 2025 • By Ann Powers
Brian Wilson, co-founder of the iconic California band The Beach Boys, has died at age 82. Wilson's music transformed teen pop into a poetic, modernist form, with his goal being to create a "teenage symphony to God." Despite struggling with mental health issues, including schizoaffective disorder, and abuse from his father, Wilson's songs reflected vast ambition and a belief that pop could be a conduit to the sublime. His greatest works, such as "Pet Sounds," made room for deep melancholy while evoking an otherworldly beauty. Wilson's music was the soundtrack to the new American dream, with Southern California as its mythologized center. He pushed the boundaries of the three-minute pop song, and his rivalry with The Beatles drove him to greater achievements. Wilson's legacy continues to inspire, with his music remaining a testament to the power of beauty and love to heal even the most broken people.
June 11, 2025 • By reuters.com
Russia has flown bomber planes over the Baltic region for the first time since Ukrainian drone attacks. This incident marks a significant development in the ongoing tensions between Russia and Ukraine. The flight of bomber planes over the Baltic region is a demonstration of Russia's military capabilities and may be seen as a response to the recent Ukrainian drone attacks. The move is likely to escalate tensions in the region and may have implications for international relations.
June 11, 2025 • By Research and Markets
The "Optical Fiber and Plastic Conduit Market Report 2025" forecasts significant growth, from $23.38 billion in 2024 to $25.86 billion in 2025, at a 10.6% CAGR. By 2029, the market is expected to reach $38.39 billion, driven by high-speed internet demand, cost-effective solutions, and advanced technologies. Key players like Prysmian Group and Legrand S.A. are innovating with sustainable solutions, while North America was the largest market in 2024, and Asia-Pacific is poised to be the fastest-growing region. The report provides insights into market size, segmentation, and growth patterns, as well as the competitive landscape and company profiles.
June 11, 2025 • By Wales Office
The UK Government has announced a £445 million rail investment in Wales as part of its Spending Review. The investment aims to improve access to jobs and opportunities by reconnecting industrial heartlands, fixing level crossings, and upgrading existing lines. This strategic rail investment is part of the government's plan to address decades of underinvestment in critical infrastructure and drive economic growth in Wales. The investment will also benefit key industrial sectors, including a £580 million investment in Port Talbot to secure the future of steelmaking and transform the port into a clean energy hub. Additionally, the Spending Review includes funding for the aerospace and automotive industries, as well as £118 million to maintain the safety of disused coal tips. The Welsh Government will receive a record financial settlement of £22.4 billion per year, and the UK Government has pledged continued support for Welsh Investment Zones and the Nations and Regions Investment programme. The investment package is expected to drive growth, improve communities, and benefit working people across Wales.
June 11, 2025 • By Research and Markets
The global Contract Logistics Market was valued at $451.8 billion in 2024 and is expected to reach $688.0 billion by 2030, growing at a CAGR of 7.10%. This growth is driven by rising e-commerce activity, technological advances, and global supply chain complexities. The market is propelled by the need for agile logistics networks, technological innovations like AI and automation, and the increasing emphasis on sustainable practices. Key drivers include e-commerce expansion, digital transformation, and the shift towards direct-to-consumer business models. However, the market faces challenges like rising operational costs and margin pressure. The integration of advanced technologies like automation, AI, and machine learning is reshaping the contract logistics landscape, enabling smart logistics and improving service performance.
June 11, 2025 • By reuters.com
Ukraine's military has struck Russia's Tambov gunpowder plant, according to reports. The incident occurred on June 11, 2025. No further details are provided in the given text.
June 11, 2025 • By Spooky
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June 11, 2025 • By reuters.com
Trump's FAA nominee has vowed to hold Boeing 'accountable', according to a recent news article from Reuters. The article, published on June 11, 2025, does not provide further details on the nominee's plans or the context behind the statement. However, it suggests that the nominee is committed to ensuring Boeing's accountability, potentially in relation to recent incidents or controversies surrounding the company.
June 11, 2025 • By BL Bengaluru Bureau
Google-backed space tech startup Pixxel has signed the SPARK Grant to develop advanced Hyperspectral and MWIR payloads for the Indian Air Force. The grant supports the development of high-resolution imaging capabilities for operational and strategic applications. Pixxel has already launched three commercial hyperspectral satellites and is building a constellation of 18-24 satellites to provide daily revisit capability anywhere on Earth. The company has raised $95 million from investors, including Google, and is committed to national strategic goals and innovation-driven ecosystem.
June 11, 2025 • By Vishay Intertechnology, Inc.
Vishay Intertechnology has announced its AC03-CS series of axial cemented, leaded wirewound safety resistors is now available with a pick and place friendly lead bending option. The WSZ lead form allows the devices to be used as surface-mount components, reducing assembly time and costs. The resistors are designed for safe and silent fusing in automotive electronics, energy meters, and power supplies, operating over a wide temperature range and featuring a robust, non-flammable silicone cement coating. They offer high surge voltage capability, a power rating of 3 W, and resistance from 1 Ω to 100 Ω. Samples and production quantities are available now with lead times of 12 weeks.