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Mon, Jan 12, 2026 01:33 AM All times are UTC

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Amazon reportedly shutting warehouses, discarding plans of building dozens of facilities due to slow sales

Sep 05, 2022 08:52 am UTC| Business Economy

Amazon revealed its plans to close a number of its warehouses citing slow sales growth. The e-commerce and tech firm also said it would scrap its plans to build more warehouse facilities. The decision comes after Amazon...

Baskin-Robbins, Nintendo collaborate to create squid-themed ice cream in Japan

Sep 05, 2022 08:25 am UTC| Business Economy

Baskin-Robbins and Nintendo have formed an unlikely partnership to release unique ice cream flavors in Japan. The American multinational chain of ice cream and cake specialty shop restaurants and the Japanese video game...

Universal Entertainment regains control of Okada Manila casino, ousting illegally appointed officials

Sep 05, 2022 08:15 am UTC| Business Economy

Universal Entertainment Corp., a Japanese manufacturer of pachinko, slot machines, arcade games other and gaming products, has finally taken over the operations and management of Okada Manila Casino after a long period of...

Lotte breaks ground to build its landmark project Eco Smart City in Vietnam

Sep 05, 2022 07:46 am UTC| Business Economy

Lotte Group has started the construction of its facilities as part of its Eco Smart City project in Vietnam. This is a landmark project for the company as it will be building its smart logistic center and buildings in an...

Five problems that could slow supplies of food, computers, cars and other goods this winter

Sep 05, 2022 04:25 am UTC| Economy

The pandemic highlighted how interconnected the world is right now. Multiple bottlenecks have disrupted global supply chains the networks of people, companies and modes of transport that order and manufacture goods and...

Economic Data Watch - Monday, 5th September, 2022

Sep 05, 2022 04:24 am UTC| Economy

Time (GMT) Event Forecast Previous 0700 Swiss GDP (YoY) (Q2) 3.0% 4.4% 0700 Swiss GDP (QoQ) (Q2) 0.4% 0.5% 0715 Spanish Services PMI...

Rent crisis? Average rents are increasing less than you might think

Sep 05, 2022 04:23 am UTC| Economy Real Estate

You wouldnt know it from the pages of our daily newspapers, but the rate of growth in rents has been pretty modest. Not everywhere, not for everyone, but for most Australians who rent. According to the most recent...

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Economy

U.S. Stock Futures Edge Lower Ahead of Key Q4 Earnings and Inflation Data

U.S. stock index futures slipped slightly on Sunday evening as investors turned cautious ahead of a pivotal week filled with major fourth-quarter earnings reports and crucial inflation data for December. The modest...

U.S. Prosecutors Investigate Fed Chair Jerome Powell Over Headquarters Renovation

U.S. prosecutors have reportedly opened an investigation into Federal Reserve Chair Jerome Powell regarding the renovation of the central banks Washington, D.C. headquarters, according to a New York Times report published...

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...

Politics

Who Is Li Chenggang? The Diplomat Shaping U.S.-China Trade Talks

Chinas lead trade negotiator Li Chenggang has emerged as one of the most influential figures in U.S.-China trade negotiations, despite a rocky moment last year that briefly threatened to derail high-level diplomacy. In...

Trump Weighs Military and Diplomatic Options as Protests Intensify in Iran

President Donald Trump said on Sunday that his administration is considering a wide range of responses to the growing unrest in Iran, including potential military options, as large-scale protests continue to spread across...

Trump Weighs Blocking Exxon Investment as Venezuela Deemed “Uninvestable”

U.S. President Donald Trump said on Sunday that he may consider blocking Exxon Mobil from investing in Venezuela, following comments made by Exxons chief executive during a recent White House meeting. The remarks have...

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...

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,...