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Fri, Jan 02, 2026 09:58 PM All times are UTC

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Foreign banks are absent in Nigeria. We tracked down why

Aug 29, 2022 06:47 am UTC| Economy Business

Privately owned Nigerian banks hold 94% of Nigerian banking assets. Only one other country in the world Israel has a higher share of ownership by local banks. The share of banking assets is the most reliable way to...

Why clean, affordable water should not be in the hands of private companies targeting profit – new research

Aug 29, 2022 06:45 am UTC| Business

Englands water companies have come in for some heavy criticism this summer. An extremely dry July has led to drought status being declared in many areas, while 3 billion litres of water are lost through leakage every...

Want to get more women to start their own businesses? Here's what it takes

Aug 29, 2022 06:45 am UTC| Insights & Views Business

Globally, men are twice as likely as women to start a business. Most research into how to start a business has been focused on men. Not much has looked at why women are not fully represented among entrepreneurs or how to...

Researchers from S. Korea's Wonkwang University develop insect-based meat-flavored seasoning

Aug 28, 2022 23:59 pm UTC| Life Science Economy Business

South Korean researchers from Wonkwang University have developed a new process that uses edible insects to create meat-flavored seasoning. The research team came up with 98 volatile compounds with varying amounts of...

Hyundai Motor to produce EVs at Ulsan plant

Aug 28, 2022 23:55 pm UTC| Business Economy

Hyundai Motor Co. will set up its first electric vehicle (EV)-dedicated manufacturing plant on the test driving site of its Ulsan plant. According to South Koreas top automaker, the site was chosen as the best location...

S. Korea’s ad agencies turn to NFT ventures as new growth engine

Aug 28, 2022 23:32 pm UTC| Technology Economy Business

South Koreas major advertising agencies, Cheil Worldwide Inc. and Daehong Communications Inc. are boosting non-fungible token (NFT) ventures to develop new growth engines. Cheil Worldwide, a subsidiary of South Koreas...

Kawhi Leonard promotes New Balance-Aime Leon Dore hoops jersey

Aug 28, 2022 22:49 pm UTC| Sports Economy Business

Los Angeles Clippers forward Kawhi Leonard is back in the gym after an ACL injury and is promoting a special New Balance hoops jersey in an ongoing collaboration with New York-based brand Aime Leon Dore (ALD). The...

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Economy

Gold Prices Surge at Start of 2026 as Weak Dollar and Rate-Cut Bets Fuel Demand

Gold prices jumped sharply during Asian trading on Friday, marking a strong start to 2026 after a historic rally last year. Renewed demand for bullion was driven by a weaker U.S. dollar and growing expectations that U.S....

Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading

Most Asian currencies traded near flatline levels on Friday as the U.S. dollar edged lower in thin holiday trading at the start of the new year. Reduced market participation across the region kept trading volumes subdued,...

South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets

South Koreas won weakened on the first trading day of the year, slipping against the U.S. dollar despite renewed commitments from monetary and fiscal authorities to stabilize foreign exchange markets. The move highlights...

Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains

Asian stock markets opened the new year on a positive note on Friday, with technology and semiconductor stocks leading gains across the region, despite subdued trading volumes caused by holiday closures in major markets....

Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook

Oil prices edged slightly higher on Friday, marking a steadier start to 2026 after suffering their steepest annual decline since 2020. Investors are cautiously balancing renewed geopolitical tensions with expectations that...

Politics

Trump Warns U.S. Ready to Act if Iran Kills Protesters Amid Escalating Unrest

U.S. President Donald Trump on Friday issued a strong warning to Iran, saying the United States would intervene if Iranian authorities violently kill peaceful protesters during the countrys growing wave of unrest. In a...

Zohran Mamdani Sworn In as New York City Mayor, Pledges Bold Progressive Agenda

Democrat Zohran Mamdani was officially sworn in as New York Citys mayor on Thursday, marking the beginning of a new political era focused on affordability, social equity, and progressive reform in the nations largest city....

Xi Jinping to Host South Korean President Lee Jae Myung as China Seeks to Strengthen Seoul Ties

Chinese President Xi Jinping is set to host South Korean President Lee Jae Myung on a state visit beginning Sunday, highlighting Beijings strategic push to strengthen relations with Seoul amid heightened regional tensions...

Russia and Ukraine Trade Accusations Over New Year Attacks as Peace Talks Intensify

Russia and Ukraine accused each other of targeting civilians during New Year attacks, as the nearly four-year-old war continues amid renewed diplomatic efforts led by U.S. President Donald Trump. The latest exchange of...

Venezuela Frees More Detainees After 2024 Election Protests Amid Rising U.S. Pressure

Venezuelas government has released 88 additional people who were detained following protests that erupted after the countrys disputed July 2024 presidential election, marking the second large-scale release of detainees in...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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

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...

Technology

Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing

Baidu shares jumped sharply after the Chinese technology giant announced plans to spin off its artificial intelligence chip unit, Kunlunxin, and pursue a listing in Hong Kong. The move comes as domestic Chinese chipmakers...

Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety

SpaceXs Starlink is preparing a major reconfiguration of its satellite constellation in an effort to improve space safety and reduce the risk of orbital collisions. According to Michael Nicolls, SpaceXs vice president of...

Samsung Signals Comeback With HBM4 Chips as AI Market Heats Up

Samsung Electronics is signaling a strong comeback in the high-bandwidth memory (HBM) market, as customers praise the competitiveness of its next-generation HBM4 chips. In a New Year address, co-CEO and head of the...

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...

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...