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PUMA and Magnus Carlsen Introduce Chess-inspired Iconic Clyde Sneaker

May 16, 2023 22:25 pm UTC| Life Sports Economy Business

PUMA and five-time World Chess Champion, Magnus Carlsen, have teamed up to launch an iconic Clyde model sneaker as a tribute to the game of chess. The Magnus Carlsen x PUMA Clyde Chess sneakers capture the essence of...

PepsiCo Invests €127 Million in Irish Beverage Manufacturing Facility

May 16, 2023 22:25 pm UTC| Life Economy Business

PepsiCo is nearing completion of a 127 million investment in an additional manufacturing facility for beverage ingredients and further investment in its RD campus at Little Island, Cork. The new facility uses...

Nike To Expand Solar Array at Vietnamese Factory

May 16, 2023 22:24 pm UTC| Sports Economy Business

TotalEnergies ENEOS will increase the capacity to 7.5 MWp of an existing rooftop solar array at a Nike sports shoe factory in Vietnam under a new long-term agreement with its operator, Golden Victory Vietnam Co Ltd. The...

Ethiopia has one of Africa's most ambitious housing policies – but the lottery-based system is pulling communities apart

May 16, 2023 13:19 pm UTC| Economy

The shortage of adequate housing in cities is an issue around the globe, particularly among developing countries that are rapidly urbanising. The UN estimates that more than one billion people live in slums or informal...

Central Banking Series

Why the Bank of England is now more upbeat than the IMF

May 16, 2023 13:16 pm UTC| Economy Central Banks

The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high...

Europe Roundup: Pound gains after British jobs data, European shares steady, Gold slips,Oil steadies as IEA turns more bullish on oil demand

May 16, 2023 10:23 am UTC| Market Roundups Economy

Market Roundup UK Mar Average Earnings Index +Bonus 5.8%, 5.8%forecast,5.9% previous UK Labour Productivity -1.4% forecast, 0.4% previous UK Apr Claimant Count Change 46.7K,31.2K forecast,28.2K...

Hublot, Nestlé Nespresso Unveils Luxury Watch Made From Used Coffee Grounds, Recycled Coffee Pods

May 16, 2023 09:58 am UTC| Business Life Economy

Hublot Swiss luxury watchmaker, has formed an unlikely partnership with Nestlé Nespresso SA, a maker of coffee machines and coffee pods. They have created a limited-edition luxury watch made from recycled coffee...

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Economy

Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons

Japan has declined to comment on why the Bank of Japan (BOJ) did not join a rare joint statement issued by other major central banks in support of U.S. Federal Reserve Chair Jerome Powell, following reports of threats of...

Gold Prices Hold Near Record Highs as Fed Rate Cut Bets and Iran Tensions Fuel Safe-Haven Demand

Gold prices edged higher in Asian trading on Wednesday, hovering just below the record highs reached in the previous session, as a combination of easing U.S. inflation data, expectations of future Federal Reserve rate...

Asian Stocks Rise as Japan Hits Record Highs and China Gains on Trade Data

Asian stock markets showed mixed but generally positive performance on Wednesday, led by strong gains in Japanese stocks and renewed optimism around Chinas economy and technology sector. Japans equity markets surged to...

US–India Trade Talks Race Toward USD 500 Billion Goal

On January 13, 2026, the United States and India resumed negotiations to establish a new trade relationship between the two countries under the leadership of newly appointed U.S. Ambassador Sergio Gor. The goal of the...

Jefferies Sees Further Upside for Chinese AI Stocks as Valuation Gap Narrows

Jefferies has expressed a bullish outlook on Chinese artificial intelligence stocks, saying the sector still has significant upside potential as the valuation gap with U.S. AI peers continues to narrow. In a recent...

Politics

Trump Signals Confidence in Potential Greenland Agreement Amid Security Talks

U.S. President Donald Trump expressed renewed optimism about reaching an agreement involving Greenland following high-level diplomatic meetings between U.S., Danish, and Greenlandic officials at the White House. Speaking...

U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China

U.S. lawmakers and former national security officials are voicing strong concerns over President Donald Trumps decision to allow Nvidia to resume sales of its advanced H200 artificial intelligence chips to China, warning...

U.S. Launches Phase Two of Gaza Peace Plan Amid Ongoing Ceasefire Challenges

The United States announced it is moving forward with the second phase of its Gaza peace plan, even as major components of the first phase, including a full ceasefire between Israel and Hamas, remain incomplete. The...

Trump Signals Confidence China Could Open Markets to U.S. Goods Amid Rising Global Tensions

U.S. President Donald Trump said on Tuesday that he believes China could eventually open its markets wider to American goods, once again emphasizing what he described as a strong personal relationship with Chinese...

Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules

The Trump administration has officially approved the sale of Nvidias H200 artificial intelligence chips to China, marking a major shift in U.S. export policy and reigniting debate over national security and global AI...

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

Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities

Title: Taiwanese prosecutors have issued an arrest warrant for Pete Lau, the chief executive officer of Chinese smartphone maker OnePlus, accusing him of involvement in illegal business operations and recruitment...

Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive

Chinese artificial intelligence startup Zhipu AI has unveiled a new open-source image generation model, marking a significant milestone in Chinas push for technological self-reliance. The model, called GLM-Image, was...

Alphabet Stock Poised for Growth as Bank of America Sees Strong AI Momentum Into 2026

Bank of America has reinforced its bullish outlook on Alphabet, citing improving artificial intelligence sentiment and a strengthening competitive position that could drive the company toward becoming the worlds most...

AFT Leaves X Over AI-Generated Images of Minors

The American Federation of Teachers (AFT), one of the largest teachers unions in the United States, has announced it is leaving the social media platform X, citing serious concerns over the creation and spread of...

Nvidia Denies Upfront Payment Requirement for H200 AI Chips Amid China Export Scrutiny

Nvidia has denied claims that it requires full upfront payments for its H200 artificial intelligence chips, pushing back against reports suggesting unusually strict sales terms for Chinese customers. In a statement issued...
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