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Sun, Jan 18, 2026 02:25 AM All times are UTC

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Hormel Foods acquires Planters for $3.35 billion after Kraft Heinz agreed to the sale

Feb 12, 2021 05:40 am UTC| Business

Planters have been acquired by Hormel Food Corporation for $3.35 billion, which is the 130-year-old companys largest purchase in its history. Hormel continues to buy smaller food brands, and Planters is probably the most...

Uber suffers $6.8 billion loss in 2020

Feb 11, 2021 23:57 pm UTC| Economy Business

Uber lost $6.8 billion in2020, a significant drop from the $8.5 billion it lost in 2019, after it sold off costly ventures, cut staff, and focused on what it called profitable growth. The company suffered $968 million...

PepsiCo's net revenue up 4.8% in 2020

Feb 11, 2021 23:55 pm UTC| Economy Business

PepsiCo posted net revenues of $70.37 billion for 2020, rising 4.8 percent on-year. For the fourth quarter ended Dec. 26, the companys net revenue rose 8.8 percent to $22.46 billion, surpassing a market expectation of...

Samsung tablets to be manufactured in Egypt

Feb 11, 2021 23:54 pm UTC| Technology Business

The Egyptian government has agreed to manufacture Samsungs educational tablets as part of its strategy to localize the technology sector. The contract with South Korean technology company Samsung would last for five...

United Airlines to buy 200 flying electric taxis to bring passengers to airports

Feb 11, 2021 23:51 pm UTC| Economy Business

United Airlines plans to buy 200 flying electric taxis to transport passengers to the airport within the next five years while investing in flying taxi firm Archer in a $1.1 billion deal to develop the...

Best Buy to lay off retail workers

Feb 11, 2021 10:45 am UTC| Business Economy

Best Buy is reducing its workforce, so some employees are going to be laid off. It was said that the number of the affected workers was not revealed, but those who will be cut from the jobs are mostly in-store...

Hyundai introduces innovative robot vehicle called ‘TIGER’

Feb 11, 2021 10:30 am UTC| Business

Hyundai Motor Group proudly presented its TIGER robotic vehicle on Feb. 10. This is the South Korean companys second UMV or Ultimate Mobility Vehicle. This is a unique concept because the robot was designed to do a lot...

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Economy

Russia Stocks End Mixed as MOEX Index Closes Flat Amid Commodity and Currency Moves

Russian stocks finished the latest trading session mixed after the close on Saturday, as gains in select blue-chip shares were offset by declines in energy and technology names. By the end of trading in Moscow, the MOEX...

EU Ambassadors Hold Emergency Talks as Trump Threatens Tariffs Over Greenland Dispute

Ambassadors from the European Unions 27 member states are set to gather on Sunday for an emergency meeting following escalating tensions with the United States, after U.S. President Donald Trump threatened a new wave of...

Macron Warns EU Will Respond to U.S. Tariff Threats Over Greenland

French President Emmanuel Macron has strongly criticized recent tariff threats reportedly made by U.S. President Donald Trump concerning Greenland, warning that Europe will not tolerate economic intimidation and will...

Trump Administration Pushes Rollback of Vehicle Emissions Rules to Lower Car Prices

Senior officials from the Trump administration are promoting major changes to U.S. auto policy, arguing that rolling back vehicle emissions regulations will help lower car prices and address affordability concerns for...

EU and Mercosur Seal Landmark Free Trade Deal After 25 Years of Talks

The European Union and South Americas Mercosur bloc have officially signed a historic free trade agreement, marking a major breakthrough after 25 years of negotiations. The deal was signed on Saturday in Asuncion,...

Politics

U.S. Military Kills Al Qaeda-Linked Leader Connected to Deadly ISIS Attack in Syria

U.S. military forces have killed a senior al Qaeda affiliate leader in Syria who was directly linked to a recent Islamic State (ISIS) attack that targeted American personnel, according to a statement released by U.S....

JD Vance to Lead U.S. Presidential Delegation at Milano Cortina Winter Olympics Opening Ceremony

United States Vice President JD Vance will lead the American presidential delegation to the opening ceremony of the Milano Cortina Winter Olympics, President Donald Trump announced on Saturday. The highly anticipated...

DOJ Urges Judge to Block Lawmakers’ Bid for Special Master in Jeffrey Epstein Records Case

The U.S. Justice Department has formally asked a New York federal judge to reject a request by two bipartisan lawmakers seeking court oversight of the public release of records related to the late financier and convicted...

Trump Administration Proposes $1 Billion Fee for New Global Peace Board

The Trump administration is reportedly proposing that countries pay as much as $1 billion to secure a seat on a newly envisioned international peace board, according to a Bloomberg News report published Saturday. The...

Syrian Army Advances Into Kurdish-Held Areas Amid Rising Tensions and U.S. Warnings

The Syrian army continued its advance into Kurdish-held territory in northern Syria on Saturday, escalating tensions despite U.S. calls to halt offensive operations. State media reported that government forces had taken...

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

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...

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...