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Instant Brands, Distributor of Pyrex and Instant Pot, Files for Chapter 11 Bankruptcy Amid Reorganization Efforts

Jun 15, 2023 09:58 am UTC| Business Economy

In a bid to restructure and stabilize, Instant Brands Inc., the renowned distributor of Pyrex, Instant Pot, and Corelle kitchen appliances, has filed for Chapter 11 bankruptcy. Despite solid growth amidst the pandemic,...

Google and EDP Renovaveis Inaugurate Major Solar Deal in Netherlands, Advancing Renewable Energy Goals

Jun 15, 2023 09:51 am UTC| Nature Economy Business

Google LLC and Portuguese company EDP Renovaveis SA have formalized a 15-year partnership linked to a pioneering 40-MWac/50-MWdc solar portfolio in the Netherlands. This groundbreaking deal through Kronos Solar EDPR will...

Bud Light Replaced by Modelo Especial as US’ Top-Selling Beer After Dylan Mulvaney Controversies

Jun 15, 2023 09:28 am UTC| Business Life Economy

Bud Light, a Light Lager style beer brewed by Anheuser-Busch, reportedly lost its title as the best-selling beer in the United States after it was boycotted over an ad that featured Dylan Mulvaney, a social media...

Burger King Introduces Revolutionary Fries n' Rings: Ultimate Combo Side Dish Debuts Nationwide This Summer

Jun 15, 2023 09:03 am UTC| Life Economy Business

In a game-changing move, Burger King unveils the ultimate drive-thru decision solver: Fries n Rings. For those caught in the fries-or-rings dilemma, the fast-food giant combines the two beloved sides in a single,...

Vodafone, CK Hutchison’s Three UK Unite to Forge £15 Billion 5G Powerhouse in British Telecom

Jun 15, 2023 08:33 am UTC| Business Economy Technology

Vodafone Group Plc and Hutchison 3G U.K. (Three U.K.) have announced a monumental 15 billion ($19 billion) merger set to reshape the United Kingdoms 5G landscape. The telecommunications giants envision their combined force...

Volvo XC60 Named Korea's Favorite Imported Family SUV, Showcases Advanced Safety Tech and T-Map Infotainment

Jun 15, 2023 08:09 am UTC| Life Economy Business

The Volvo XC60, with its advanced safety features and unique T-Map infotainment service, has been recognized as Koreas preferred imported family SUV, per a survey by K-Car, Koreas biggest online used car sales...

Samsung SDI, GM Reconfirm Commitment to $3 Billion US EV Battery Plant

Jun 15, 2023 07:23 am UTC| Business Economy

Samsung SDI and General Motors reaffirm their $3 billion joint venture plan this week to construct an electric vehicle (EV) battery plant in Indiana, a move anticipated to boost both EV infrastructure and job opportunities...

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Economy

Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment

Asian stock markets edged lower on Tuesday, tracking losses on Wall Street as a pullback in technology shares dampened investor sentiment. Market liquidity remained thin due to a holiday-shortened trading week,...

South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty

South Koreas factory output showed weaker-than-expected performance in November, highlighting continued uncertainty in the countrys industrial sector as global demand remains uneven. According to official data released...

Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns

Oil prices edged lower in early Tuesday trading after posting gains of more than 2% in the previous session, as commodity markets reacted to weakness in precious metals while remaining sensitive to escalating geopolitical...

U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions

The U.S. dollar traded steadily on Tuesday as investors awaited the Federal Reserves release of its December meeting minutes, which are widely expected to reveal internal divisions over the future path of monetary policy....

U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade

U.S. stock index futures were little changed on Monday evening, reflecting cautious sentiment after Wall Street closed lower amid losses in major technology stocks. With markets entering another holiday-shortened trading...

Politics

Najib Razak Files Appeal Against Latest 1MDB Corruption Conviction and 15-Year Sentence

Former Malaysian prime minister Najib Razak has filed an appeal against his latest corruption conviction linked to the multibillion-dollar 1MDB scandal, his lawyer confirmed on Tuesday. The appeal challenges both the...

Jazz Ensemble Cancels Kennedy Center New Year’s Eve Shows After Trump Renaming Sparks Backlash

A renowned veteran jazz group has become the latest artist to withdraw from performances at Washingtons Kennedy Center following its controversial renaming to include U.S. President Donald Trump. On Monday, the Cookers...

Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel

Boeing has been awarded an $8.6 billion defense contract by the United States Department of Defense for the F-15 Israel Program, marking one of the most significant recent foreign military sales agreements between...

U.S. Government Agrees to Review Frozen NIH Diversity Research Grants After Legal Challenge

The Trump administration has reached an agreement with researchers and Democratic-led states who filed a lawsuit over cuts to diversity-related research funding at the National Institutes of Health (NIH). The deal,...

Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy

Lockheed Martin Rotary and Mission Systems has received a $92.8 million contract modification from the U.S. Naval Sea Systems Command to provide ongoing AEGIS system sustainment services for allied navies in the...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026

Samsung Electronics has obtained an annual licence from the United States government that allows the South Korean technology giant to import critical semiconductor manufacturing equipment into its China-based facilities...

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...

Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms

Meta has announced that it will acquire Manus, a Chinese artificial intelligence startup, marking another significant step in the companys aggressive push to expand its AI capabilities across both consumer and business...

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...