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Wisconsin tornado causes extensive damage and cuts power to thousands of homes

MADISON, Wis. (AP) — A tornado swept through Wisconsin on Monday, splintering homes, downing trees and knocking out power to more than 30,000 people. The National Weather Service, using radar, confirmed a tornado in Winnebago County, about 90 miles (145 kilometers) northwest of Milwaukee. Damage was

· SRN News
Wisconsin tornado causes extensive damage and cuts power to thousands of homes
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Watchdog finds staffing, guidance gaps in transfer of USAID programs

By Simon Lewis WASHINGTON, July 27 (Reuters) – The U.S. State Department’s hurried takeover of aid programs from the shuttered U.S. Agency for International Development (USAID) last year was hampered by staffing shortages, IT issues and delayed guidance, an internal watchdog said in a report release

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Watchdog finds staffing, guidance gaps in transfer of USAID programs
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Cadence raises annual forecasts as demand booms for AI chip design

July 27 (Reuters) – Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software. Shares of the company rose more than 5% in extended trading. The company’s electronic design automation (EDA) tools are us

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Cadence raises annual forecasts as demand booms for AI chip design
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Pentagon says US industry still years from matching Ukraine’s wartime output

By Mike Stone WASHINGTON, July 27 (Reuters) – The Pentagon official tasked with building a domestic drone industry said on Monday the United States is still in the earliest, hardest phase of that effort, acknowledging output remains a fraction of Ukraine’s production even as the government tightens

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Pentagon says US industry still years from matching Ukraine’s wartime output
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Explainer-What is CXMT and how did it become China’s DRAM champion?

By Eduardo Baptista BEIJING, July 27 (Reuters) – China’s ChangXin Memory Technologies (CXMT) became the country’s most valuable listed company after its shares surged 470% in their Shanghai debut on Monday, highlighting fervent investor backing for a homegrown chip champion at the heart of Beijing’s

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Explainer-What is CXMT and how did it become China’s DRAM champion?
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China memory chipmaker CXMT set for Shanghai debut after Asia’s biggest IPO

By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) – Shares of CXMT Corp are set to start trading in Shanghai on Monday after Asia’s biggest IPO this year, putting the Chinese chipmaker’s $85.5 billion market value and likely heavy turnover in focus after a sharp pullback in te

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China memory chipmaker CXMT set for Shanghai debut after Asia’s biggest IPO
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Shein swings to quarterly loss ahead of Hong Kong IPO

By Liz Lee and Yantoultra Ngui BEIJING/SINGAPORE, July 26 (Reuters) – Shein swung to a $99 million net loss in the first quarter of this year, the draft Hong Kong listing prospectus of the online fast-fashion retailer showed, as its sales took a hit from the Trump ​administration’s removal of the “d

· SRN News
Shein swings to quarterly loss ahead of Hong Kong IPO
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The Media Line: Al-Sharaa Says Syria Working on Security Agreement With Israel

Al-Sharaa Says Syria Working on Security Agreement With Israel By Rizik Alabi / The Media Line [DAMASCUS] Syrian President Ahmed al-Sharaa said Damascus is working to reach a security agreement with Israel with the participation of several countries, adding that the effort could pave the way for com

· SRN News
The Media Line: Al-Sharaa Says Syria Working on Security Agreement With Israel