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Asian Stocks Drop as Tech Selloff Deepens Ahead of Nvidia Earnings

Feb 25, 2025 04:55 am UTC| Economy

Asian stocks tumbled on Tuesday, driven by a sharp decline in technology shares ahead of Nvidias highly anticipated earnings. Hong Kongs Hang Seng index led losses, dropping 2% as investors took profits after a strong...

Tech Stocks Slide as Nvidia’s Earnings Loom; Wall Street Wary of Tariffs and Economic Slowdown

Feb 25, 2025 04:55 am UTC| Economy

U.S. stock index futures steadied Monday evening after Wall Street saw losses, driven by a tech sell-off ahead of Nvidias earnings. Concerns over a slowing U.S. economy and looming trade tariffs under Donald Trump further...

Tech War Escalates: Trump's China Chip Strategy Intensifies

Feb 25, 2025 03:12 am UTC| Economy Insights & Views

Strengthening Semiconductor Restrictions The Trump administration is poised to strengthen semiconductor limits on China, expanding on prior actions by the Biden administration to constrain Beijings technological...

Thailand’s Car Production Plunges 24.63% in January Amid Weak Demand

Feb 24, 2025 11:51 am UTC| Economy

Thailands auto industry faced a sharp decline in January, with car production dropping 24.63% year-on-year to 107,103 units, according to the Federation of Thai Industries (FTI). The slump, driven by weak domestic sales...

Gold Prices Hold Near Record Highs Amid U.S. Economic Worries and Tariff Uncertainty

Feb 24, 2025 11:51 am UTC| Economy

Gold prices remained steady on Monday, hovering near recent record highs as safe-haven demand surged due to concerns over a U.S. economic slowdown and escalating trade tensions. Spot gold edged up 0.1% to $2,940.18 an...

Iron Ore Prices Dip as Chinese Steel Tariffs Weigh on Demand

Feb 24, 2025 05:53 am UTC| Economy

Iron ore futures fell on Monday, snapping a four-day rally as rising levies on Chinese steel weakened demand prospects. However, declining portside inventories in China limited the losses. The most-traded May iron ore...

Australian Bank Stocks Struggle After $40 Billion Wipeout Amid Interest Rate Cut

Feb 24, 2025 05:53 am UTC| Economy

Australian bank stocks took a breather on Monday after a brutal eight-session sell-off wiped over A$63 billion ($40 billion) from market value. The Big Four banksCommonwealth Bank of Australia (CBA), National Australia...

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Economy

South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports

South Korea is moving to secure favorable treatment from the United States on tariffs affecting memory chip imports, following recent trade actions announced by the U.S. government. A spokesperson from South Koreas...

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...

Politics

Pentagon Prepares Troops for Possible Minnesota Deployment Amid Deportation Protests

The Pentagon has placed roughly 1,500 active-duty U.S. Army soldiers on prepare-to-deploy status amid escalating protests in Minnesota linked to the federal governments immigration enforcement campaign, according to U.S....

Pedro Sánchez Warns U.S. Greenland Move Could Undermine NATO and Benefit Russia

Spanish Prime Minister Pedro Sánchez has warned that any attempt by the United States to invade or forcibly acquire Greenland would seriously damage NATO unity and ultimately benefit Russian President Vladimir...

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...

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...