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Mon, Jan 12, 2026 01:12 AM All times are UTC

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Nike unlikely to extend signature shoe deal with Kyrie Irving: ESPN

May 17, 2022 01:14 am UTC| Sports Economy Business

Nike is unlikely to extend its signature shoe deal with Brooklyn Nets ace point guard Kyrie Irving beyond the 2022/23 season, despite the popularity and profitability of his signature shoes, according to ESPN. Due to...

Elon Musk confirms deal to acquire Twitter on hold

May 16, 2022 10:19 am UTC| Business Economy

Elon Musk revealed that his acquisition of Twitter is temporarily suspended for now, and this announcement came a few weeks after the Twitter board agreed to sell the company. The Tesla and SpaceX owner placed a bid of $44...

Korea’s Lotte acquires Bristol-Myers Squibb New York plant

May 16, 2022 10:13 am UTC| Business Economy

Lotte Corporation, a South Korean multinational company that is also the fifth-largest chaebol in the country, is buying a Bristol-Myers Squibb bio facility in Syracuse, New York. Based on the reports, the sale deal is...

Starbucks’ pro-union baristas asked to be reinstated for alleged wrongful dismissal

May 16, 2022 09:50 am UTC| Business Economy

Starbucks is being asked to give back the jobs of its seven pro-union baristas who were said to have been wrongfully fired. Union organizers have filed a petition in a federal court to order the coffee chain to reinstate...

Instacart aims for IPO, secretly files for listing despite weak market

May 16, 2022 09:38 am UTC| Business Economy

Instacart retail company has filed for an initial public offering or IPO. It has submitted documents for listing, and this was reportedly done in a discrete manner. The company may have decided to file for an IPO after...

Burger King Japan replaces french fries with dried ramen due to potato shortage

May 16, 2022 09:33 am UTC| Business Economy

Burger King Japan has experienced a potato shortage several times already, and there are instances when this even happened just weeks apart. Now the shortage problem is back, and the company started looking for a way to...

Beyond Meat’s shares fell after launching plant-based jerky product

May 16, 2022 09:32 am UTC| Business Economy

Beyond Meat reported last week that it incurred losses in the first quarter and the number was wider than expected. The meat alternative food manufacturing company said that the losses came after the launch of its...

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Economy

Gold Prices Hit Record High in 2026 as Safe-Haven Demand Surges

Spot gold prices surged more than 1% on Monday, reaching their first record high of 2026 at $4,563.61 per ounce, as investors flocked to the precious metal amid heightened geopolitical tensions and growing expectations of...

Trump Tightens Pressure on Cuba as Venezuelan Oil Supplies Halt

U.S. President Donald Trump has escalated pressure on Cuba by declaring that no more Venezuelan oil or money will flow to the Communist-run island, urging Havana to strike a deal with Washington before it is too late. The...

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%,...

Politics

Jerome Powell Says Trump Administration Threatened Criminal Charges Over Fed Testimony

U.S. Federal Reserve Chair Jerome Powell said on Sunday that the Trump administration has threatened him with a potential criminal indictment connected to congressional testimony he delivered last summer, escalating an...

Russia Launches Overnight Air Attack on Kyiv, Causing Fire as Air Defenses Respond

Russia carried out an overnight air attack on Kyiv, Ukraines capital, triggering a fire in one of the citys districts, according to Ukrainian military officials on Monday. The assault is part of the ongoing Russia-Ukraine...

Jimmy Lai Faces Sentencing as Hong Kong Security Trial Nears Conclusion

Hong Kongs High Court will on Monday hear the mitigation plea of pro-democracy media tycoon Jimmy Lai, marking the final stage before sentencing in a landmark national security case that has drawn widespread international...

U.S. Lawmakers Split Over Military Action Against Iran Amid Rising Unrest

Some U.S. lawmakers from both major political parties are questioning whether military action against Iran is the best course for the United States as the country experiences its most significant anti-government protests...

UK and NATO Allies Hold Routine Talks on Arctic Security Amid Greenland Deployment Reports

Britain has confirmed that ongoing discussions with NATO allies about strengthening security in the Arctic are part of routine alliance cooperation, following media reports suggesting plans for a possible military...

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,...