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J.M. Smucker recalls Jif peanut butter products over possible salmonella contamination

May 23, 2022 10:02 am UTC| Business Economy

The J.M. Smucker Company issued a recall for some of its Jif peanut butter products due to possible Salmonella contamination in the United States. The food manufacturer said that the bottles of the peanut spread were sold...

Netflix’s Scanline VFX subsidiary to inject $100M to build special effects facilities in South Korea

May 23, 2022 09:39 am UTC| Business Economy

Netflixs subsidiary, Scanline VFX, announced it is investing $100 million in South Korea to set up its special visual effects facilities. The company said the funds would be distributed over the next six years. The...

GM announces appointment of new CEO for its Korean unit

May 23, 2022 09:16 am UTC| Business Economy

General Motors announced it has appointed Roberto Rempel as the new president and chief executive officer of its Korean unit. Prior to this assignment, he was the president of GM Technical Center Korea (GMTCK), General...

Pepsi unveils cola-infused pepperoni pizza creation

May 23, 2022 08:32 am UTC| Business Economy

Pepsi launched the Pepsi-Roni Pizza as it capitalizes on its successful promotion of food collaborations under the Better with Pepsi slogan. Using this banner, the company has been associating its soda with popular...

Indonesia terminates the controversial palm oil export ban

May 23, 2022 08:15 am UTC| Business Economy

Indonesias President Jokowi Widodo said late last week that it will be lifting the ban on palm oil export starting today, Monday, May 23. The leader said that they now have enough supplies of cooking oil to control wild...

Hyundai Glovis breaks into the Thai market

May 23, 2022 07:33 am UTC| Business Economy

Hyundai Glovis, a South Korean logistics company that is part of the Hyundai Kia Automotive Group, revealed late last week that it had established an office overseas as part of its business strategy to expand in the...

Ford recalls certain Ford Expedition, Lincoln Navigator models over engine fire risk

May 23, 2022 05:58 am UTC| Business Economy

Ford Motor issued a recall on some of its popular sports utility vehicle models due to the risk of fire in its engines. The automaker advised the SUV owners to park their vehicles outdoors as the engines may catch...

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Economy

Vitol to Ship First U.S. Naphtha Cargo to Venezuela Under New Oil Supply Deal

Commodities trading giant Vitol is preparing to load the first shipment of U.S. naphtha bound for Venezuela this weekend, marking a significant step in efforts to revive the countrys oil industry. According to sources...

U.S. Signals Potential Venezuela Sanctions Relief to Boost Oil Sales and IMF Re-Engagement

The United States may lift additional sanctions on Venezuela as early as next week to facilitate oil sales and economic stabilization, according to comments by U.S. Treasury Secretary Scott Bessent in an interview with...

Russia Stock Market Ends Flat as Commodities Rise and Ruble Strengthens

Russian stocks closed flat on Saturday, reflecting a quiet session on the Moscow Exchange as market activity remained muted across key sectors. At the close in Moscow, the MOEX Russia Index finished unchanged at 0.00%,...

Trump Administration Targets Mortgage-Backed Securities to Ease Housing Affordability Crunch

The Trump administration has launched a new effort to support the U.S. housing market by stepping into mortgage-backed securities (MBS) purchases, aiming to counterbalance the Federal Reserves ongoing reduction of such...

G7 Finance Ministers to Meet in Washington on Critical Minerals Supply Chains

U.S. Treasury Secretary Scott Bessent has announced that Australia and several other countries will participate in a meeting of finance ministers from the Group of Seven (G7) advanced economies in Washington on Monday,...

Politics

Myanmar Military-Run Election Draws Criticism as Voters Head to Polls Amid Ongoing Conflict

Voters in conflict-ravaged Myanmar queued on Sunday to cast ballots in the second phase of a military-organized election, an exercise widely criticized by the international community as an attempt to legitimize junta rule...

U.S. Military Launches Multiple Airstrikes in Syria Targeting Islamic State

The United States military confirmed on Saturday that it carried out multiple airstrikes across Syria targeting the Islamic State (ISIS), as part of an ongoing operation launched in December following a deadly attack on...

Bangladesh Signals Willingness to Join International Stabilization Force in Gaza

Bangladesh has formally expressed its interest in joining a proposed international stabilization force that may be deployed in Gaza, signaling a potential new role in global peacekeeping efforts related to the ongoing...

Nicaragua Frees Political Prisoners Amid Growing U.S. Pressure on Latin American Governments

Nicaraguas government announced the release of dozens of inmates from its national penitentiary system, a move that came just one day after the United States publicly demanded the freedom of more than 60 political...

Norwegian Nobel Institute Clarifies Nobel Peace Prize Rules After Trump Remarks

The Norwegian Nobel Institute has firmly stated that the Nobel Peace Prize cannot be transferred, shared, or revoked, responding to recent remarks by Venezuelan opposition leader María Corina Machado suggesting she...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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...

Technology

Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny

Elon Musk announced on Saturday that X, the social media platform formerly known as Twitter, will publicly release its recommendation algorithm, including the full code behind organic content and advertising post...

China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges

China is accelerating efforts to narrow its technological gap with the United States, driven by increased risk-taking, innovation, and strong policy support for artificial intelligence and semiconductors. Leading Chinese...

Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability

The U.S. Supreme Court has agreed to hear an appeal by Cisco Systems that could significantly reshape how American companies are held liable for alleged human rights abuses committed overseas. The case centers on the scope...

FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites

The U.S. Federal Communications Commission (FCC) has approved SpaceXs request to deploy an additional 7,500 second-generation Starlink satellites, marking a major step forward in the companys mission to expand global...

xAI Cash Burn Highlights the High Cost of Competing in Generative AI

Elon Musks artificial intelligence startup, xAI, is rapidly emerging as a major player in the generative AI race, but new reports highlight the enormous financial costs behind that ambition. According to Bloomberg News,...