Author: Press Room

Toyota is reportedly doubling down on its investment in electric air taxi developer Joby Aviation with a new $500 million funding round. The automobile giant apparently believes the future of travel in cities is via small aircraft zipping between skyscrapers. TechCrunch reports that Toyota has announced it is investing an additional $500 million into California-based electric air taxi startup Joby Aviation. This brings Toyota’s total investment in Joby to $894 million, following a prior $394 million capital injection in 2020. The new funds will be used to help Joby complete the lengthy Type 2 certification process with the FAA and support…

The Israel Defense Forces (IDF) revealed Tuesday that it had found and destroyed a Hezbollah tunnel that extended 10 meters into Israeli territory, though without an opening into Israel itself. Hezbollah has built a network of underground tunnels and bunkers throughout southern Lebanon — not as defensive fortifications, but as forward positions from which to launch attacks into Israel, including rocket attacks and potential future commando raids. The IDF said in a statement: The IDF located and dismantled a Hezbollah underground tunnel that crossed approximately 10 meters from the Marwahin area in Lebanon into Israeli territory near the Zar’it community.…

Toyota announced Thursday it will no longer sponsor LGBTQ parades and events and will no longer make efforts to promote diversity, equity, and inclusion (DEI). Toyota told employees it will no longer participate in the Human Rights Campaign’s Corporate Equality Index and other corporate surveys. Instead, it will “narrow our community activities to align with STEM education and workforce readiness,” the automaker explained in a memo to its 50,000 employees and 1,500 dealers. The change follows after conservative activist Robby Starbuck started a social media campaign highlighting the company’s prior support for LGBTQ events and other woke policies. Toyota is the…

Over 50,000 linemen — the “largest staging of utility workers and linemen in advance of the storm any time in American history” — will respond to Hurricane Milton, Gov. Ron DeSantis announced on Wednesday as the massive Category 4 storm barrels down on the Sunshine State. In a Wednesday morning update, DeSantis walked through some of the preparations the state has taken ahead of the storm, which is expected to make landfall late Wednesday night or early Thursday morning on the west coast of Florida, potentially south of Tampa, although wiggles and wobbles are certain. “Hurricane Milton is heading our…

Western sanctions have impacted Russia’s production of Su-57 fighter jets, according to a research group.Frontelligence Insight told The Telegraph that Russia can’t acquire some key components.Russia has largely kept its Su-57s out of the war in Ukraine, fearing losses and reputational damage.Western sanctions are threatening Russia’s production of its prized Su-57 fighter jet, according to a research group.Frontelligence Insight, an open-source research group with suspected ties to the Ukrainian military, told The Telegraph that Russia could no longer legally acquire key components of its fifth-generation fighter jet because of Western sanctions.Citing unspecified documents, it said the impacted components include the…

As the close race between Donald Trump and Kamala Harris looms over the United Nations General Assembly’s annual high-level meeting this week, some foreign diplomats and world leaders are taking the opportunity to get some face time in. Meanwhile, both candidates are looking to burnish their international chops during an election year that’s been rife with global conflict. The former president is flexing his connections with foreign leaders to remind voters of his credentials on the world stage — a particular point of pride for Trump, who often brags about his close ties to controversial world leaders, and one that…

“Normalcy.” “A better direction.” “Secured borders.” “Help with inflation.” “Less division.”Those were among the top answers from NBC News poll respondents last month when they spoke about what kind of change they were looking for from the major presidential candidates ahead of November’s election.That word, “change,” has become a crucial storyline in a presidential contest featuring a disgruntled electorate and two candidates who can make credible claims for that mantle — while also facing credible attacks about being part of the past.Kamala Harris is the sitting vice president. Donald Trump is a former president. And two-thirds of voters believe the nation is headed in…

Large pieces of a ceiling skylight fell to the floor at the Melbourne Orlando International Airport during high winds as Hurricane Milton made its way across Central Florida.Video captured by airport personnel showed the moment the ceiling pieces crashed down.No one was injured in the incident, which happened around 2 a.m. Thursday.The damage left a hole in the roof about 30 feet by 40 feet, according the Greg Donovan, executive director at the airport.The damaged pieces fell into the center of the terminal, which was closed to the public at the time.Airport personnel had noticed that the section of the…

EU economic cooperation with Moscow continues despite the sanctions, Foreign Minister Peter Szijjarto has said A significant number of companies in the EU continue to discreetly do business with Russia despite the bloc’s sanctions, Hungarian Foreign Minister Peter Szijjarto has said.“Here I would like to disappoint the idealists, as the situation is that everyone in Europe is doing this,” Szijjarto said in Budapest on Friday. “The difference between us and the others in general is that we speak honestly and openly about this issue. All of Europe does business with the Russians, but some deny this; we don’t need that.”Szijjarto…

The Asian nation is oversupplying the global market in order to eliminate competition, the under secretary of state claims China is oversupplying lithium to the global market and undermining prices in order to secure a dominant supply position for the critical metal, a senior US official has claimed, according to Reuters.Jose Fernandez, the under secretary for economic growth, energy and the environment at the US Department of State, made the claims late Monday during a visit to Portugal – Europe’s biggest lithium producer.Fernandez told a briefing that China was producing much more lithium “than the world needs today, by far.”“That…