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Mon, Dec 29, 2025 07:41 AM All times are UTC

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Topshop, Dorothy Perkins owner Arcadia Group permanently closing dozens of stores and 700 employees are set to lose their jobs

Jan 20, 2021 10:27 am UTC| Business Economy

Topshop, Dorothy Perkins, and other fashion outlets owned by the Arcadia Group are facing permanent closure as the lockdown due to the COVID-19 pandemic badly hurt the company. It was revealed that the company decided to...

Goldman Sachs extinguishes Wall Street predictions on stock trading as its profit shoots up to more than double

Jan 20, 2021 06:11 am UTC| Business Economy

Goldman Sachs Group surprised the Wall Street analysts after their prediction for its stock trading was overshadowed by the actual figures for the companys fourth-quarter profit. The American multinational investment bank...

Ford ordered to recall 3 million vehicles in US over deadly Takata airbags

Jan 20, 2021 05:31 am UTC| Economy Business

The National Highway Traffic Safety Administration (NHTSA) has rejected Ford Motor Cos petition against recalling 3 million vehicles with potentially defective Takata airbags. The auto safety agencys decision also will...

Tesla to route investment in India via Netherlands

Jan 19, 2021 23:09 pm UTC| Economy Business

US automaker Tesla has decided to route its investment in India via the Netherlands to avail of a treaty between the two countries that lower capital gains tax. The India-Netherlands treaty stands out because of capital...

Hyundai, Kia capture 7% market share in Europe

Jan 19, 2021 18:49 pm UTC| Business Economy

Hyundai Motor Co. and affiliate Kia Corp. posted a combined market share of a record 7 percent in Europe last year, rising from 6.7 percent in Europe in 2019. However, in line with European market trends, their sales in...

S. Korea's data industry enjoys 14% on-year growth

Jan 19, 2021 10:35 am UTC| Business Economy

A survey revealed that South Koreas data industry grew by 14.3 percent to 19.3 trillion won in 2020 from $17.4 billion in 2019. The survey was conducted by the Ministry of Science and ICT and the Korea Data Agency on...

S. Korean exports to Japan plunge 11.7% to $25 billion in 2020

Jan 19, 2021 07:29 am UTC| Economy

South Korean exports to Japan shrank 11.7 percent to $25.09 billion in 2020 from 2019 due to a pandemic-triggered plunge in petrochemical and steel products shipments, falling export prices, and low oil costs. Japan,...

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Economy

Asian Stock Markets Trade Narrowly as Year-End Volumes Thin, KOSPI Outperforms on Tech Rally

Asian stock markets moved mostly sideways on Monday as thin year-end trading volumes and reduced investor participation kept activity muted across the region. With many global investors already having completed year-end...

Hong Kong Home Prices Rise for Sixth Straight Month as Rate Cuts Lift Market Sentiment

Hong Kong private home prices continued their steady recovery in November, rising for the sixth consecutive month as lower interest rates and a strong stock market helped improve buyer confidence. According to government...

Trump Says Ukraine Peace Deal ‘Closer,’ But Key Disputes Remain Unresolved

Following talks with Ukrainian President Volodymyr Zelensky, former US President Donald Trump stated a possible peace agreement on Ukraine is closer, citing a lot of progress toward a possible conclusion of the conflict....

BOJ Signals Further Rate Hikes as Inflation and Weak Yen Remain in Focus

Bank of Japan policymakers are increasingly signaling that further interest rate hikes may be necessary, even after the central bank raised rates in December, according to a recently released summary of opinions. The...

China’s Central Bank to Launch New Digital Yuan Management Framework from January 1

Chinas central bank is preparing to strengthen oversight of its digital currency with the release of a new action plan focused on digital yuan management, signaling another major step in the evolution of the countrys...

Politics

Trump and Zelenskiy Signal Progress Toward Ukraine Peace Deal, Donbas Still Unresolved

U.S. President Donald Trump said he and Ukrainian President Volodymyr Zelenskiy are moving very close to a potential agreement to end the war in Ukraine, following high-level talks at Trumps Mar-a-Lago resort in Florida....

Trump–Netanyahu Talks Aim to Revive Gaza Ceasefire and Address Iran, Hezbollah Tensions

U.S. President Donald Trump is expected to push for progress on the stalled Gaza ceasefire when he meets Israeli Prime Minister Benjamin Netanyahu on Monday, according to statements from Israeli officials. The high-level...

FBI Surges Resources to Minnesota Amid Fraud Investigations Linked to Somali Community

The Federal Bureau of Investigation has surged additional investigative resources and personnel to Minnesota, according to FBI Director Kash Patel, marking a significant escalation in federal fraud investigations that have...

Australia Orders Independent Review After Bondi Mass Shooting, Albanese Resists Royal Commission Calls

Australian Prime Minister Anthony Albanese has announced an independent review into the countrys law enforcement and security agencies following the deadly Bondi mass shooting, as pressure mounts on the government to...

South Korea Prosecutor Alleges Former First Lady Kim Keon Hee Abused Power for Bribes

A special prosecutor in South Korea has concluded that Kim Keon Hee, the wife of former President Yoon Suk Yeol, interfered in state affairs in exchange for expensive gifts and money, according to findings announced on...

Science

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...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...