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

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Ford Motor to eliminate 3,000 corporate jobs in US and India as its shift to EVs

Aug 25, 2022 09:20 am UTC| Business Economy

Ford Motor Company is laying off some of its workers, and around 3,000 people are affected. The automaker is cutting jobs of its salaried and contract workers in its corporate unit in India and North America. According...

Twitter is accused of 'grossly negligent' cybersecurity practices in new whistleblower complaint

Aug 25, 2022 09:19 am UTC| Technology Business

A whistleblower complaint has been filed against Twitter, alleging that the social media giant is not making good on its promise to fortify its security measures. The companys executives are also accused of presenting...

Sony PlayStation sued in the UK for alleged overcharging of customers

Aug 25, 2022 07:36 am UTC| Business Economy

Sony Playstation is facing a class action lawsuit in the United Kingdom for allegedly ripping off its customers. The 5 billion case claimed that video game console maker overcharged millions of users. As per BBC News,...

Hyundai Motor, Kia announce recall for 280,000 Hyundai Palisade and Kia Telluride SUVs in the US

Aug 25, 2022 07:16 am UTC| Business Economy

Hyundai Motor America and Kia America have announced a recall for over 280,000 units of specific models. The automakers are calling back sport utility vehicles due to fire risks. As per Yonhap News Agency, Hyundai Motor...

Hyundai sets record of 37,446 pre-orders with Ioniq 6

Aug 24, 2022 22:43 pm UTC| Business Economy Life

Hyundai Motor got 37,446 pre-orders for its new electric vehicle (EV) Ioniq 6 on the first day of pre-booking on Monday. The Ioniq 6 received the most first-day pre-orders in the Korean markets car sales history,...

Volkswagen launches gasoline-powered Tiguan Allspace in S. Korea

Aug 24, 2022 22:38 pm UTC| Business Economy Life

Volkswagen launched its 2.0-liter TSI gasoline engine-powered SUV Tiguan Allspace in South Korea, where the German carmaker is largely associated with diesel engine-powered vehicles. More South Korean drivers prefer...

Colgate-Palmolive throws support behind pet food unit

Aug 24, 2022 22:31 pm UTC| Life Economy Business

Colgate-Palmolive plans to buy three pet food plants from Red Collar Pet Foods for $700 million to support the capital expenditures of its Hills Science Diet division business for pet foods. Those plants, in Orangeburg,...

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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...