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Toshiba mulling on taking the $20 billion buyout deal to go private

Apr 08, 2021 08:05 am UTC| Business Economy

Toshiba has been reported to be mulling on signing a $20 billion buyout offer from UKs CVC Capital Partners, a private equity firm. The deal will make the Japanese company private, and the offer is being considered as it...

Self-driving truck startup TuSimple hopes to raise $1.3 billion in US IPO

Apr 08, 2021 07:08 am UTC| Business Economy

Self-driving truck startup TuSimple Holdings Inc is aiming to raise about $1.3 billion by selling around 34 million shares at $35 to $39 each in its initial public offering (IPO) in the US. The San Diego,...

S. Korea's Stronghold Technology applies artificial intelligence to coffee roasters

Apr 08, 2021 06:52 am UTC| Business Technology

South Korea-based Stronghold Technology Inc. aims to become the Tesla of coffee roasters with its application of artificial intelligence technology to coffee roasting machines. Roasting, according to Stronghold CEO, Woo...

SK Hynix, Netlist settle chip patent dispute

Apr 08, 2021 06:14 am UTC| Business Economy

SK Hynix and Netlist ended their dispute on chip patent after reaching a settlement. The two companies have now entered into a strategic agreement that will be beneficial to both sides. The South Korean chipmaker and...

Nestlé launching milk-free Milo in Malaysia as it ventures big in plant-based food in Asia

Apr 08, 2021 06:00 am UTC| Business Economy

Nestlés Milo is very popular in Southeast Asia, and it was able to maintain the same level of high popularity for decades. Now, as the Swiss food company ventures into plant-based food and drinks in Asia, a...

COVID-19’s Effects on the Forex Market According to Funding Talent

Apr 08, 2021 01:40 am UTC| Business

The global COVID-19 pandemic has had indelible effects on nearly every aspect of our lives. The pandemic has caused governments to place people in quarantine and issue stay-at-home orders. It has canceled public events,...

John Grifonetti on the Continued Need for Facemasks Post-Pandemic

Apr 08, 2021 01:38 am UTC| Business

Even though the coronavirus pandemic is beginning to ease thanks to the current vaccine rollout, doctors and public health professionals believe that mask-wearing will be necessary for quite some time to come. Not everyone...

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Economy

U.S. Denies Plans to Use Venezuelan Oil to Refill Strategic Petroleum Reserve

The U.S. Department of Energy has denied reports that the federal government is considering using Venezuelan oil in an exchange with American oil companies to help refill the Strategic Petroleum Reserve (SPR). On Friday, a...

U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales

The United States is accelerating efforts to grant Chevron an expanded license for oil production in Venezuela, a move that could significantly reshape the countrys energy sector and global oil markets. U.S. Energy...

U.S. Stocks Finish Nearly Flat as Earnings Season Begins and Investors Eye Volatility

U.S. stocks ended nearly flat on Friday after a choppy trading session, as investors remained cautious ahead of a long holiday weekend and the early stages of fourth-quarter earnings season. Despite modest daily moves, all...

Australia Treasurer Backs RBA Governor’s Support for Fed Chair Jerome Powell Amid Independence Concerns

Australias Treasurer Jim Chalmers has publicly backed Reserve Bank of Australia (RBA) Governor Michele Bullock after she joined a group of global central bank leaders in expressing solidarity with U.S. Federal Reserve...

Asian Currencies Trade Narrowly as US Dollar Holds Near Six-Week High on Strong Data

Most Asian currencies traded within tight ranges on Friday, while the U.S. dollar remained firm near a six-week high, supported by strong U.S. economic data and fading expectations for imminent Federal Reserve rate cuts....

Politics

DOJ Sues Virginia Over Failure to Provide Full Voter Registration Records

The U.S. Justice Department has filed a lawsuit against the state of Virginia, alleging that state officials failed to comply with federal requirements to provide complete voter registration lists. According to a statement...

Trump Honored With Road Renaming Near Mar-a-Lago as His Name Expands Across U.S. Institutions

U.S. President Donald Trump marked the ceremonial renaming of a major roadway near his private club in Palm Beach, Florida, highlighting the continued expansion of initiatives, buildings, and programs bearing his name...

Trump Expands Investment Portfolio With $100M Bond Purchases Amid Conflict Questions

U.S. President Donald Trump disclosed the purchase of nearly $100 million in municipal and corporate bonds between mid-November and late December, according to newly released financial filings. The disclosures, posted late...

White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability

The White House has urged PJM Interconnection, the largest electric grid operator in the United States, to hold an emergency power auction to prevent rolling blackouts as electricity demand from data centers accelerates...

Trump Announces “Board of Peace” to Oversee Transitional Governance of Gaza

The White House on Friday officially announced the members of the so-called Board of Peace, a new international body proposed under President Donald Trumps plan to supervise the temporary governance of Gaza. The...

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

China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production

Suppliers producing key components for Nvidias H200 artificial intelligence chips have reportedly paused production after Chinese customs authorities blocked shipments of the newly approved AI processors from entering...

California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery

California Attorney General Robert Bonta has issued a cease-and-desist letter to Elon Musks artificial intelligence company xAI, demanding an immediate stop to the creation and distribution of AI-generated nonconsensual...

TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure

TikTok is set to roll out new age-detection technology across Europe in the coming weeks, as the popular social media platform faces increasing regulatory scrutiny over child safety and age verification. The move follows a...

Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling

Alphabets Google has asked a federal judge to delay enforcing a key part of a landmark antitrust ruling that would require the company to share valuable search data with rivals, according to court filings submitted on...

Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion

Artificial intelligence startup Anthropic has appointed former Microsoft executive Irina Ghose as its Managing Director of India, signaling a major push into one of the worlds fastest-growing AI markets. The appointment...