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Thu, Jan 08, 2026 07:28 PM All times are UTC

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Social Capital founder sells minority ownership stake in Golden State Warriors

Jul 07, 2022 23:30 pm UTC| Sports Economy Business

Social Capital founder Chamath Palihapitiya has confirmed that he has sold his remaining two percent ownership stake in NBA champions Golden State Warriors. Palihapitiya acquired a ten percent share in the Warriors in...

Manchester United taps DXC Technology as sleeve sponsor, digital transformation partner

Jul 07, 2022 23:25 pm UTC| Sports Economy Business

Manchester United have named US IT services firm DXC Technology as their new shirt sleeve sponsor for its mens, womens, and youth teams, replacing household manufacturing company Kohler. DXC will also be the football...

NFTs to help push sports memorabilia market to $227 billion by 2032

Jul 07, 2022 23:22 pm UTC| Sports Technology Economy Business

The sports memorabilia market is set to hit US$227.2 billion by 2032, with US$92 billion comprising of non-fungible token (NFT) sports collectibles, according to market research and consultancy firm Market Decipher....

What happens when your local council goes bankrupt

Jul 07, 2022 16:13 pm UTC| Economy

Local government fulfils an essential role in society. It provides fundamental services from social care and transport to education, water and waste collection. And when it no longer can, when a council goes bankrupt, it...

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Inflation, recession fears and tax cuts: any new UK chancellor faces an unenviable in-tray

Jul 07, 2022 15:59 pm UTC| Insights & Views Economy

The flood of ministerial resignations from UK prime minister Boris Johnsons government in recent days started with Rishi Sunaks resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid...

Ben & Jerry's sues Unilever to stop the sale of its biz in Israel

Jul 07, 2022 09:53 am UTC| Business Economy

Ben Jerrys, the popular ice cream brand, has brought its parent company, Unilever, to court in an attempt to stop the sale of its business in Israel. The British consumer goods company headquartered in London previously...

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Economy

U.S. Stock Futures Slip as Investors Await Key Jobs Data; Premarket Movers in Focus

U.S. stock futures edged lower on Thursday as investors remained cautious ahead of the release of crucial U.S. unemployment data. Market participants are closely watching the labor market figures for signals on the Federal...

Trump's Hammer on Russian Oil Buyers: 500% Tariffs Loom

President Donald Trump has declared his support for the bipartisan Sanctioning Russia Act of 2025, a bill that Senators Lindsey Graham (R, SC) and Richard Blumenthal (D, CT) have put forward. Secondary sanctions...

Japanese Chemical Stocks Slide as China Launches Anti-Dumping Probe into Chipmaking Material

Shares of major Japanese chemical manufacturers declined sharply on Thursday after China announced the launch of an anti-dumping investigation into imports of dichlorosilane, a critical material used in semiconductor and...

Trump Proposes $1.5 Trillion U.S. Military Budget for 2027, Fueling Defense Stock Rally and Fiscal Concerns

President Donald Trump said Wednesday that he wants the 2027 U.S. military budget to reach $1.5 trillion, a dramatic increase from the $901 billion defense budget approved by Congress for 2026. The proposal immediately...

Asian Currencies Trade Mixed as Dollar Firms Ahead of Key U.S. Jobs Data

Asian currencies traded in a narrow, mostly weaker range on Thursday as the U.S. dollar found modest support ahead of a closely watched U.S. labor market report due later this week. Investors across the foreign exchange...

Politics

Senate Vote Looms on Blocking Trump’s Military Action in Venezuela

The U.S. Senate is preparing for a closely watched vote on a war powers resolution that would prevent President Donald Trump from taking further military action against Venezuela without explicit congressional...

Greenland Weighs Direct U.S. Talks as Trump Renews Push for Control

Greenlands political debate over independence and its relationship with the United States has intensified after a senior opposition leader called for direct talks with Washington, bypassing Denmark, amid renewed pressure...

Steny Hoyer Announces Retirement, Ending Historic Career in U.S. House

Democratic Congressman Steny Hoyer has announced that he will not seek reelection, bringing an end to a distinguished career in the U.S. House of Representatives that has spanned more than four decades. The Washington Post...

Trump to Attend World Economic Forum in Davos with Senior U.S. Officials

U.S. President Donald Trump is set to attend the 2026 World Economic Forum (WEF) in Davos, Switzerland, marking his first in-person appearance at the annual global gathering since returning to the White House for a second...

Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks

U.S. oil major Chevron is reportedly in discussions with the U.S. government to expand a crucial license that would allow it to increase crude oil exports from Venezuela, according to sources close to the negotiations. The...

Science

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...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Technology

EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content

The European Commission has ordered Elon Musks social media platform X, formerly known as Twitter, to retain all internal documents and data related to its built-in artificial intelligence chatbot, Grok, until the end of...

SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally

Shares of South Korean memory chip giant SK Hynix surged to a fresh all-time high on Thursday, reflecting growing investor optimism around booming demand for artificial intelligence (AI) memory products and a strengthening...

OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook

OpenAI has reportedly established a massive $50 billion employee stock grant pool, a move that underscores the companys aggressive strategy to attract, retain, and reward top talent as it continues to scale its artificial...

Ford Targets Level 3 Autonomous Driving by 2028 with New EV Platform and AI Innovations

Ford Motor Company has announced plans to bring Level 3 driver-assistance technology to market by 2028, marking a significant step toward hands-free and eyes-off driving on select highways. The advanced system will allow...

Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom

Samsung Electronics Co Ltd (KS:005930) surprised markets by forecasting a stronger-than-expected fourth-quarter operating profit, driven by surging global demand for memory chips fueled by artificial intelligence. The...