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Uniqlo’s parent company Fast Retailing is launching its first GU brand store in US

Aug 05, 2022 08:02 am UTC| Business Economy

Fast Retailing, a public Japanese retail holding company that owns Uniqlo, J Brand and GU, revealed on Thursday, Aug. 4, that it would be opening the very first GU discount clothing store in the United States. It said that...

Intel expects to close $5B deal with Italy to build chip plant in the country

Aug 05, 2022 07:53 am UTC| Business Economy

Intel semiconductor company based in California, United States, is reportedly close to sealing a deal with Italy for the construction of a new chip plant in the country. The contract is said to be worth $5 billion as per...

Xbox Game Pass family plan enters testing in Ireland, Colombia

Aug 05, 2022 07:49 am UTC| Technology Business

It is now confirmed that Microsoft is expanding the options for Xbox Game Pass subscriptions by introducing a family plan. The new membership tier was made available to Xbox Insiders in Ireland and Colombia on Thursday,...

Unilever unveils Web3 metaverse initiative

Aug 04, 2022 23:54 pm UTC| Business Economy Technology

Unilever is embracing web3 and the metaverse, creating a cross-functional Web3 collective across marketing, finance, legal, media, procurement, and licensing. A consumer goods company, Unilever owns a raft of household...

NBA teams up with Sportradar on AI virtual games for betting apps

Aug 04, 2022 23:50 pm UTC| Sports Economy Business Technology

Sportradar will offer 3,000 virtual National Basketball Association (NBA) games a day to its betting partners, allowing them to offer markets at times when little or no live events are taking place. Every virtual NBA...

Lotte’s exports ₩41.9 billion worth of flavored soju over past 6 years

Aug 04, 2022 23:47 pm UTC| Business Economy Life

Lotte Chilsung Co. exported 41.9 billion won (US$32 million) worth of Soonhari flavored soju between 2016 and 2021. Soonhari, which is available in eight distinct flavors like apple, strawberry, and peach, was exported...

Heineken sees beer sales impacted by pressure on consumer finances

Aug 04, 2022 23:40 pm UTC| Business Economy Life

Heineken warned that while consumer demand has been resilient in the first half, there is mounting pressure on consumer purchasing power that will affect beer consumption. The beermaker made the warning after posting...

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Economy

Argentina Sells Dollars to Stabilize Peso as New FX Trading Rules Take Effect

Argentinas Treasury intervened in the foreign exchange market on Friday by selling U.S. dollars in an effort to curb the pesos decline, marking the first trading session under the countrys newly implemented currency...

U.S. Stock Market Mixed at Close as Dow Gains and Nasdaq Slips

U.S. stocks finished mixed after the close on Friday as strength in energy, industrials, and basic materials helped support blue-chip shares, while losses in consumer-focused and technology sectors weighed on broader...

Mexico Stocks End Lower as IPC Slips on Sector Losses

Mexican stocks closed lower on Friday as broad-based declines across key sectors weighed on overall market performance. The benchmark SP/BMV IPC index ended the session down 0.36%, reflecting investor caution amid losses...

China Ends Contraceptive Tax Exemption to Boost Birth Rates

China has ended a three-decade-old tax exemption on contraceptive drugs and devices, a move aimed at addressing the countrys rapidly declining birth rate. Starting January 1, condoms, contraceptive pills, and related...

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....

Politics

Short Interest Rises in Trump Media Stock After $6 Billion Merger Announcement

Short interest in U.S. President Donald Trumps social media company, Trump Media Technology Group, has surged following a major merger announcement, signaling that a growing number of traders are betting the stock could...

Trump Warns of U.S. Action as Iran Protests Intensify Amid Economic Crisis

U.S. President Donald Trump has escalated tensions with Iran after warning that the United States is prepared to support Iranian protesters if security forces continue to fire on demonstrators. The comments came as...

Trump Blocks HieFo’s Emcore Chip Assets Deal Over National Security Concerns

President Donald Trump has issued an executive order blocking HieFo Corp. from acquiring semiconductor-related assets from Emcore Corp., citing serious national security risks tied to foreign ownership and sensitive chip...

New York Mayor Zohran Mamdani Revokes Eric Adams Executive Orders Amid Political and Antisemitism Debate

New York City Mayor Zohran Mamdani on Friday defended his decision to revoke a series of executive orders issued by his predecessor, former Mayor Eric Adams, following Adams 2024 federal indictment. The move has reignited...

U.S. Appeals Court Rules California Open Carry Firearm Ban Unconstitutional

A U.S. federal appeals court has ruled that Californias long-standing ban on openly carrying firearms in most parts of the state violates the Second Amendment, marking a significant development in ongoing legal battles...

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

Grok AI Faces Global Scrutiny Over Safeguard Failures and Illegal Content on X

Elon Musks artificial intelligence chatbot Grok, developed by xAI and integrated into social media platform X, has come under intense international scrutiny after admitting that lapses in safeguards led to the generation...

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...