TotalEnergies forms AI partnership with French startup Mistral
FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen on a building in Rueil-Malmaison, near Paris, France, April 14, 2025. REUTERS/Stephanie Lecocq/File Photo
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
8 hours ago
- The Star
Trump reports more than $600 million in income from crypto, golf, licensing fees
(Reuters) -Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America's billionaire president. The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses. Overall, the president reported assets worth at least $1.6 billion, a Reuters calculation shows. While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrue to the president - something that has opened him to accusations of conflicts of interest. Some of his businesses in areas such as crypto, for example, benefit from U.S. policy shifts under him and have become a source of criticism. The White House did not immediately respond to a request for comment. The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when the family was just starting to get into crypto but was largely still in the world of real estate deals and golf clubs. A meme coin released earlier this year by the president - $TRUMP - alone has earned an estimated $320 million in fees, although it's not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $400 million from World Liberty Financial, a decentralized finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds. In the disclosures, Trump reported $57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture. TRUMP MEDIA The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. Besides assets and revenues from his business ventures, the president reported at least $12 million in income, including through interest and dividends, from passive investments totaling at least $211 million, a Reuters calculation shows. His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco. The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago generated at least $217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $110.4 million. The income figures provided are essentially revenues, not net profits after subtracting costs. The disclosure underlined the global nature of the Trump family business, listing income of $5 million in license fees from a development in Vietnam, $10 million in development fees from a project in India and almost $16 million in licensing fees for a Dubai project. Trump collected royalty money, also, from a variety of deals - $1.3 million from the Greenwood Bible (its website describes it as "the only Bible officially endorsed by Lee Greenwood and President Trump"); $2.8 million from Trump Watches, and $2.5 million from Trump Sneakers and Fragrances. Trump listed $1.16 million in income from his NFTs - digital trading cards in his likeness - while First Lady Melania Trump earned around $216,700 from license fees on her own NFT collection. (Reporting by Lawrence Delevingne, Tom Bergin, Tom Lasseter, Shivani Tanna in Bengaluru; additional reporting by Jim Oliphant; Editing by Sandra Maler, Paritosh Bansal, Megan Davies, Will Dunham and Raju Gopalakrishnan)
The Sun
9 hours ago
- The Sun
India orders inspection of Boeing 787s after Air India crash
AHMEDABAD: India's aviation regulator has ordered all Boeing 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on Saturday, adding the authorities were investigating all possible causes. The aviation regulator had on Friday ordered Air India to conduct additional maintenance checks on its Boeing 787-8/9 aircraft equipped with GEnx engines, including assessments of certain take-off parameters, electronic engine control tests and engine fuel-related checks. 'We have also given the order to do the extended surveillance of the 787 planes. There are 34 in our Indian fleet,' aviation minister Ram Mohan Naidu told reporters in New Delhi. 'Eight have already been inspected and with immediate urgency, all of them are going to be done.' He did not say whether government officials will be involved in the inspections. The Boeing 787-8 Dreamliner with 242 people on board bound for Britain's Gatwick Airport began losing height seconds after take-off on Thursday and erupted in a fireball as it hit buildings below, in what has been the world's worst aviation disaster in a decade. Air India operates 33 Boeing 787s, while rival airline IndiGo has one, according to data from Flightradar24. IndiGo did not respond to a request for comment. In a statement, Air India said it is currently completing the one-time safety checks directed by the Indian regulator, adding that 'some of these checks could lead to higher turnaround time and potential delays on certain long-haul routes.' The planes, however, have not been grounded, but a source on Friday told Reuters the Indian government was considering that as an option. Naidu also said the government will look at all possible theories of what led to the crash. Air India and the Indian government were looking at several aspects of the crash including issues linked to its engine thrust, flaps, and why the landing gear remained open as the plane took off and then came down, Reuters has reported. At least 270 bodies have been recovered from the site of the crash, Dhaval Gameti, president of the Junior Doctors Association at B.J. Medical College, told reporters. Only one of the 242 passengers and crew on board survived while others were killed as the plane struck the medical college's hostel as it came down. The crisis has cast a shadow on Air India, which has for years struggled to rebuild its reputation and revamp its fleet after the Tata Group took over the airline from the Indian government in 2022. Tata's chairman said on Friday the group wants to understand what happened, but 'we don't know right now.' Naidu said a government panel was investigating the crash and will issue a report within three months. 'We are going to improve every necessary thing that is going to come our way, to improve the safety,' he said at the briefing, declining questions from journalists. BODIES RELEASED FROM MORGUE Later in the afternoon, authorities removed the tail of the aircraft that was stuck on top of a building, while hospital and rescue officials said a body of a cabin crew member was recovered from the wreckage. Air India said it will provide an interim payment of 2.5 million rupees ($29,000) each to the families of the deceased and to the survivor, to help address immediate financial needs, in addition to 10 million rupees in support announced previously by the Tata Group. 'The process of reuniting next of kin with their loved ones and personal effects has begun,' Air India CEO Campbell Wilson said in a statement, as authorities started handing over bodies of passengers and crew members to their families, nearly 48 hours after the crash. Dozens of anxious family members have been waiting outside an Ahmedabad hospital to collect the bodies, as doctors were working overtime to gather dental samples from the deceased to run identification checks and DNA profiling. At least 11 DNA samples have been matched so far, and authorities expect to hand over three bodies by Saturday evening, said Rajnish Patel, a senior official at the Ahmedabad Civil Hospital. He told reporters that the matching of samples was a meticulous process that had to be done slowly. The wait, however, had made some family members more distraught. Rafiq Abdul Hafiz Memon, who lost four relatives in the incident, said he was not getting any answers from authorities. 'We have lost our children ... we are not understanding anything. Please help us get information about our children. Tell us when they are going to release their bodies,' Memon said. Another father was upset about not being able to get the body of his son, Harshad Patel, saying he was told by authorities it will take 72 hours for DNA profiling. 'The authorities are trying to help but our patience is running out,' he said. Most bodies in the crash were badly charred and authorities are using dental samples to run identification checks. Jaishankar Pillai, a forensic dentist, told reporters on Friday they had the dental records of 135 charred victims, which can then be matched through reference to victims' prior dental charts, radiographs or other records. Even for doctors, things are getting difficult, as the plane struck a hostel building of the B.J. Medical College, where many of the dead are undergoing identification checks. 'Most of us are struggling with our emotions and are mentally disturbed because of the loss of friends and colleagues,' said one doctor who did not wish to be named. 'The loss of so many colleagues and friends in this incident is difficult.' ($1 = 86.0810 Indian rupees)
The Sun
9 hours ago
- The Sun
Russia's Rosatom, China's CNNC to lead consortiums to build first nuclear power plants in Kazakhstan
ASTANA: Russia's state nuclear corporation Rosatom and state-owned China National Nuclear Corporation have been tapped to lead separate consortiums to build the first nuclear power plants in Kazakhstan, the country's atomic energy agency said on Saturday. The oil- and gas-rich nation of 20 million has not had any nuclear power generation capacity since 1999, when the BN-350 reactor on the shores of the Caspian Sea was decommissioned. Kazakhstan is one of the world's biggest uranium producers but currently relies mostly on coal-powered plants for its electricity, supplemented by some hydroelectric plants and the growing renewable energy sector. In October, Kazakhstan voted in a referendum, backed by its president, in favour of constructing nuclear power plants. The country says it plans to have 2.4 gigawatts of nuclear capacity by 2035. In a statement on Saturday, the Kazakh atomic energy agency, created this March, called Rosatom's proposal 'the most optimal and advantageous', and said work has begun to attract state export financing from Russia. Rosatom's chief executive officer Alexei Likhachev welcomed the news, saying that Rosatom's plant will be 'based on the most advance and efficient design in the world.' The two-reactor plant will be built in the village of Ulken, about 250 miles (400 km) northwest of Almaty, the commercial capital. Likhachev said the plant would employ VVER-1200 Generation 3+ reactors, a Russian technology used both domestically and abroad. Almasadam Satqaliev, the Kazakh agency's chairman, said Kazakhstan would sign a separate agreement with China's CNNC for a second nuclear plant. 'China is definitely one of the countries that has all the necessary technologies and the entire industrial base, and our next main priority is cooperation with China,' Satqaliev said in a statement. CNNC did not immediately reply to a request for comment outside of working hours. It was not immediately clear which other companies would participate in the two consortiums, nor the cost and timeline of the proposals. French and South Korean companies had also submitted proposals to Kazakhstan. Kazakhstan is boosting energy ties with both Russia and China. Russian President Vladimir Putin visited Kazakhstan in November to discuss energy and industry cooperation. The Central Asian country exports most of its oil through neighbour Russia, but is exploring alternatives. China's top energy firm, China National Petroleum Corp, agreed in February with Kazakhstan's national gas company to take more gas for 2024-2025. It also signed a crude oil purchase and sales agreement with Tengizchevroil, a consortium producing oil in Kazakhstan.
