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Porsche Motorsport expands commitment to electrification, customer experience in 2023

Dec 20, 2022 20:11 pm UTC| Sports Economy Business Life

Porsche has set a course for the upcoming motor racing season with three newly-developed racing cars, a vision of a future electrically powered one-make cup vehicle, and new options for customer racing. Its Porsche 963...

Adidas immerses Beijing shoppers with interactive 'phygital' installations

Dec 20, 2022 10:44 am UTC| Life Economy Business Sports Technology

YSPs design team created multi-sensory phygital installations at Adidas Sanlitun global flagship store in Beijing, China for an entertaining yet inclusive experience and a new identity. The design is a result of YSPs...

Adidas reveals Lionel Messi and Argentina jerseys sold out worldwide with astounding demands that have yet to be fulfilled

Dec 20, 2022 10:02 am UTC| Business Economy

Adidas has been overwhelmed by the high demand for Lionel Messi and Argentina football players jerseys. It was reported that the superstar footballers jersey is already sold around the world after Argentinas big win at the...

Citigroup wins against Revlon as the court dismissed the $900M blunder case

Dec 20, 2022 10:01 am UTC| Business Economy

Citigroup Inc. and Revlon Inc.s case ended in dismissal and this was confirmed on Monday, Dec. 19, when the actual order was handed down. The verdict means a win for the bank that has famously transferred millions to the...

Tumblr launches in-app livestream functionality on Android and iOS

Dec 20, 2022 09:35 am UTC| Technology Business

Tumblr announced it is finally adding the option to conduct a livestream, but it is currently only available to creators and viewers in the United States. The microblogging platform, however, plans to expand its...

Woowa Brothers announces Lee Kuk Hwan’s appointment as new CEO

Dec 20, 2022 09:35 am UTC| Business Economy

Woowa Brothers Corp., a designs software applications and mobile apps for food delivery in South Korea announced this week that it has appointed a new chief executive officer to lead the company. Woowa Brothers promoted...

Pro Display XDR successor is one 'multiple' external monitors Apple is developing, report says

Dec 20, 2022 09:03 am UTC| Technology Business

Next year could be huge for Apple fans because, aside from more powerful Macs, the tech giant could also introduce new external displays. And the next version of the Pro Display XDR could be one of them. The report...

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Economy

China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry

China will impose an additional 55% tariff on beef imports that exceed newly set quota levels starting January 1, 2026, as part of safeguard measures aimed at protecting its domestic cattle industry. The policy will apply...

Trump Delays Tariff Increases on Furniture and Cabinets for One More Year

U.S. President Donald Trump signed a proclamation on Wednesday to delay planned tariff increases on upholstered furniture, kitchen cabinets, and bathroom vanities for an additional year, according to a statement from the...

USDA $12 Billion Farm Aid Program Draws Mixed Reactions from Row Crop Farmers

The U.S. Department of Agriculture (USDA) has released new details on a $12 billion farm aid program aimed at supporting American farmers struggling with low crop prices and ongoing trade disputes. While the initiative is...

Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy

Two of Japans most influential business lobbying groups have called on the government to address the prolonged weakness of the yen, warning that the depreciating currency is driving up import costs, fueling inflation, and...

South Korea Exports Hit Record High as Global Trade Momentum Builds

South Koreas exports surged for a seventh straight month in December, closing out 2025 at an all-time high and surpassing the $700 billion mark for the first time, according to official government data released on...

Politics

Trump Administration Cancels National Links Trust Lease for Washington Public Golf Courses

The Trump administration has canceled a long-term lease held by the nonprofit National Links Trust (NLT) to manage three major public golf courses in Washington, D.C., a move that has sparked controversy and raised...

Trump Administration Lifts Sanctions on Three Intellexa-Linked Executives

The administration of President Donald Trump has lifted U.S. sanctions on three executives previously linked to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury...

U.S. Intelligence Disputes Russia’s Claim of Ukrainian Drone Attack on Putin

U.S. national security officials have concluded that Ukraine did not attempt to assassinate Russian President Vladimir Putin or target one of his residences in a recent drone incident, according to a Wall Street Journal...

Pentagon Awards $328.5 Million Lockheed Martin Contract to Support Taiwan Air Force Amid Rising Tensions

The United States Department of Defense announced on Wednesday that Lockheed Martin has been awarded a major contract tied to foreign military sales to Taiwan, aimed at addressing what Washington describes as an urgent...

Trump Administration Clarifies Minnesota Childcare Funding Status Amid Fraud Claims

A day after senior officials in the Trump administration suggested that federal childcare funds for Minnesota had been frozen, the U.S. Department of Health and Human Services (HHS) clarified that no such freeze had...

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

Neuralink Plans Automated Brain Implant Surgeries and Mass Production by 2026

Elon Musks brain-computer interface startup Neuralink is preparing for a major expansion, with plans to begin high-volume production of its brain implant devices and transition to fully automated surgical procedures in...

SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round

SoftBank Group has officially completed a massive $41 billion investment in OpenAI, marking one of the largest private funding rounds in global technology history. The deal gives the Japanese conglomerate an estimated 11%...

Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power

Elon Musk announced on Tuesday that his artificial intelligence startup, xAI, has acquired a third building to further expand its computing infrastructure, signaling a major step in the companys effort to compete with...

ByteDance Plans Massive AI Chip Spending Boost as Nvidia Demand Grows in China

Chinas technology giant ByteDance is preparing to significantly ramp up its artificial intelligence investment, with plans to spend about 100 billion yuan (approximately $14 billion) on AI chips in 2026, according to a...

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...