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Andy Burnham, nicknamed the “King of the North,” was elected leader of Britain’s ruling Labor Party on Friday. This is the final step in his bid to become the seventh prime minister in a decade, on a pledge to halt the rise of populist Reform Britain. Mr Burnham, who as Mayor of Greater Manchester earned a dignified nickname for his determination to protect the interests of the region, told a “special press conference” on Friday that he was ready to take over power and would work to give hope to people in “forgotten places everywhere”. “We are united, and we…

General Compute, an AI inference cloud startup, has secured a $400 million loan from tech investment firm Upper90. This could be the first transaction to offer a dedicated inference chip as collateral. That means chips built to run already trained AI models quickly and efficiently, rather than expensive chips used to build models in the first place. The funding is the latest signal that the market is responding to concerns about AI tools and token pricing by focusing on infrastructure that runs open source models cheaper than Frontier Labs’ latest LLM. General Compute, founded by CEO Finn Puklowski, raised $15…

A 7-Eleven convenience store storefront in Los Angeles, California on November 20, 2024. Etienne Laurent | AFP | Getty ImagesSeven & i Holdings Co., Ltd.. Shares closed 3.6% higher on Friday after the Nikkei newspaper reported that 7-Eleven’s parent company was nearing an agreement to acquire a stake in Polish convenience store giant Zabka Group.The potential deal, expected to be worth hundreds of billions of yen, confirms Seven & i’s strategy to expand its overseas convenience store business by entering the Eastern European market, the Nikkei Shimbun reported.Founded in 1998, Zabka Group operates more than 10,000 franchise stores selling hot…

A SpaceX Starship spacecraft deploys to the launch pad through the Starbase manufacturing facility before making its 10th test flight from the company’s Starbase complex in Texas, USA, August 23, 2025. Steve NessiusReuterspace x Shares fell further on Friday, a day after the company canceled test flights of its Starship rocket at the last minute amid volatile post-IPO trading. The aerospace giant was scheduled to launch its Starship giant rocket in a 90-minute window Thursday at 5:45 p.m. in Texas, but an engine failure forced SpaceX to cancel the launch. “Part of the engine failed to start, causing an automatic…

US President Donald Trump has renewed his campaign to cast doubt on the 2020 election he lost to Joe Biden, this time portraying China as a key adversary that helped “rig” the vote.President Trump claimed in a prime-time address Thursday that newly declassified intelligence documents exposed foreign election interference, despite a U.S. government intelligence assessment saying the contrary.Recommended stories list of 4 itemsend of listThe US president’s insistence on debunking the stolen election theory sparked one of the country’s most serious political crises when his supporters led a violent attack on the Capitol on January 6, 2021, the final day…

Disastrous flash flooding has struck South Texas after days of torrential rain, leaving at least two people dead and hundreds rescued across the same region that suffered devastating flooding last July. ⛈️ Get the weather forecast with the CNN Weather app Texas Gov. Greg Abbott said Thursday afternoon that more than 230 rescues have been made so far, and more than 85 boats, 20 aircraft and more than 200 heavy vehicles have been deployed to support the response. Abbott announced Thursday that one of the dead was a man who was swept away in an RV. John Mark Steward, 65,…

U.S. President Donald Trump speaks about the economy at Rockland Community College Fieldhouse in Suffern, New York, May 22, 2026. Brendan Smialowski AFP | Getty ImagesHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.US President Donald Trump is currently delivering a prime-time address Thursday focused on election security.In the U.S., while earnings had been solid so far, Netflix and Alphabet fell overnight, and semiconductor stocks were sold off. Read more! What you need to know todayUS President Donald Trump is currently using a new teleprompter operator to deliver prime-time speeches focused on election…

This report is from this week’s The Tech Download newsletter. Is it what you see? You can subscribe here.ASML It’s a balancing act.However, sales from China still account for a significant portion of revenue. Although down from a year ago, China will contribute about 20% of ASML’s revenue in 2026 overall, CFO Roger Dassen said in a transcript of a video interview.Meanwhile, as the battle for AI supremacy between the two countries intensifies, political headwinds in the United States have imposed strict export controls on the sale of semiconductor manufacturing hardware to China.This puts Europe’s most valuable company in the…

On Tuesday, June 23, 2026, the campaign of New York Democratic Congressional candidate Ilapa Sailitupak, from left, New York City Mayor Zoran Mamdani, and former New York City auditor and New York Democratic House candidate Brad Lander, during the primary election in New York, USA. Adam Gray | Bloomberg | Getty ImagesA CNBC National Economic Survey released Friday found that more voters are more likely to support Democratic Socialist candidates than those who support “Make America Great Again” or President Donald Trump. The findings come as Democratic Socialist candidates win Democratic primaries across the country, following the election of New…

The Warri Kingdom is located in the heart of Nigeria’s Niger Delta oil region, whose oil resources have supported one of Africa’s largest economies for decades. However, many surrounding areas lack basic infrastructure, clean drinking water, schools, and healthcare. “Sadly, the kingdom is suffering from what I call the resource curse,” the queen’s consort, Olori Atuwatse III, told CNN’s Larry Madowo. “Everything is taken out, but nothing develops.” When Emiko Tsola ascended the throne as Ogiame Atuwatse III in 2021, becoming the 21st Olu, or Warri King, he and his wife set out to reshape the modern monarchy. The King…