Author: OMN AI

Oracle co-founder Larry Ellison overtook Elon Musk as the world’s richest person after Oracle shares surged by 40%.Ellison’s 41% stake is now valued at $393bn, narrowly ahead of Musk’s $384bn fortune.The jump marked Oracle’s largest single-day rise and the biggest ever one-day wealth increase on Bloomberg’s index.Ellison, 81, also holds wealth from Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.He has long been close to Musk, investing $1bn in the Twitter purchase and serving on Tesla’s board until 2022.Both men share ties to Donald Trump, though Musk’s relationship with him reportedly soured earlier this year.Oracle’s…

Donald Trump is calling on the European Union to impose tariffs of up to 100 percent on China and India. He hopes to tighten pressure on Russian President Vladimir Putin and move closer to ending the war in Ukraine. Trump demands tougher response to Moscow The US president raised his demand during a meeting with EU officials on Tuesday. Both sides discussed new ways to strike Russia’s economy. According to a source, Trump pressed for maximum tariffs aimed at China and India. He had promised to stop the war on the “first day” of his presidency. Yet negotiations between Moscow…

US President Donald Trump has expressed concern after Israel carried out an airstrike in Qatar, killing several Hamas members. Trump said he was “not thrilled” about the action, warning that it risked undermining efforts to reach a ceasefire in Gaza. The strike, which hit residential buildings in Doha’s Katara district, killed at least five Hamas figures, including relatives of senior leaders. Hamas claimed that Israel attempted to assassinate its negotiating team, which had been meeting to discuss a new US ceasefire proposal. Speaking to reporters, Trump said he was unhappy with the strike. “We want the hostages back, but we…

Israel has long been known as a leading hub for global technology and entrepreneurship. Today, the spotlight is shifting toward blockchain technology in Israel, as startups and major firms explore how decentralized tools can transform industries, increase efficiency, and create new opportunities both locally and worldwide. In cities like Tel Aviv and Haifa, innovation centers are fueling this wave of blockchain adoption. Engineers and entrepreneurs are working on real-world solutions that move beyond digital currencies. By tapping into blockchain’s secure and transparent design, they are tackling challenges in finance, healthcare, logistics, and supply chain systems. The country’s strong universities and…

Many American companies in China expect weaker sales this year due to U.S. President Donald Trump’s tariffs and China’s countermeasures. A new survey by the American Chamber of Commerce in Shanghai highlights how rising trade tensions are reshaping business plans. The annual survey included 254 U.S. firms. Nearly two-thirds said the tariffs have cut their expected 2025 revenues from China. Around one-third, mostly banks and service companies that do not rely on imports or exports, reported little or no effect. The survey comes at a time when Washington and Beijing remain locked in trade disputes. Trump recently imposed an extra…

Poland reported that multiple Russian drones violated its airspace on Tuesday during a large-scale Russian strike on Ukraine. The Polish armed forces confirmed that drones crossed into the country, prompting immediate defensive measures. Authorities urged residents in the eastern provinces of Podlaskie, Mazowieckie, and Lubelskie to remain indoors while operations to neutralize the drones continued. Ukraine had earlier warned Poland about the approaching drones. In response, Poland scrambled its own aircraft and worked with NATO allies to deploy fighter jets and activate air defense systems. Temporary closures at several airports were ordered as radar systems went on full alert. Poland’s…

August hiring lags expectations amid signs of cooling in the labor market WASHINGTON, Sept 9 — The U.S. labor market showed clear signs of slowing in August, with hiring barely keeping pace and the unemployment rate climbing to levels not seen in nearly four years, according to new figures from the Bureau of Labor Statistics (BLS). Nonfarm payrolls increased by only 22,000 last month, a sharp drop from the roughly 147,000 monthly jobs added earlier this year. June’s employment figures were revised downward to a 13,000 loss, marking the first decline since December 2020. Over the last four months, job…

Apple will debut its thinnest iPhone at Tuesday’s showcase in Cupertino, headlined as an “awe-dropping” event. The iPhone 17 lineup will include standard, Pro, Pro Max, and a new edition called iPhone Air. Observers predict iPhone Air will be Apple’s lightest flagship phone, echoing the slim MacBook design tradition. Apple Watch series 11 and updated AirPods will also be revealed during the presentation. Rumors suggest the AirPods may feature live translation, matching a capability long present in Google’s Pixel Buds. Apple is expected to announce release dates for iOS 26 and macOS Tahoe. Donald Trump’s tariffs threaten Apple’s supply chain,…

Israeli forces struck senior Hamas officials in Doha on Tuesday, expanding their campaign under “Summit of Fire.” Netanyahu’s office declared Israel independently planned and executed the attack, taking full responsibility for the strike. Eyewitnesses reported explosions and smoke over Doha’s Katara district as Israeli air force aircraft carried out the mission. Conflicting Reports on Casualties Unconfirmed reports suggested four Hamas Political Bureau members were either killed or missing after the strike. Qatari officials later stated no deaths had been confirmed, but acknowledged residential buildings housing Hamas leaders were hit. The Qatari Foreign Ministry condemned the attack, calling it reckless behavior,…

Factories remain closed Jaguar Land Rover will keep its UK plants shut until at least Wednesday. The company continues to struggle with disruption caused by a cyber attack that began over a week ago. Production is suspended at Halewood, Solihull and Wolverhampton. Facilities in Slovakia, China and India are also offline. Assembly line workers have been told to remain at home. On 31 August the company shut down its IT systems to prevent further damage. The move caused widespread operational disruption. Push to restore operations Jaguar Land Rover says teams are working nonstop to safely bring networks back online. Cybersecurity…