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Boeing Chief Dave Calhoun Resigns Amid Ongoing Safety Probes

Mar 26, 2024 03:43 am UTC| Business

Boeings chief executive officer, Dave Calhoun, will leave the company at the end of this year. His departure was announced abruptly on Monday, March 25, as part of the firms leadership overhaul. Boeing said it will...

Cadbury's 'SRK My Ad' Campaign Wins Top Spot in WARC's Effective 100

Mar 25, 2024 10:00 am UTC| Business

As per WARCs Effective 100 summary, the Shah Rukh Khan-My-Ad campaign by Ogilvy Mumbai and Wavemaker Mumbai for Cadbury emerged as the most effective campaign of 2023. This campaign showcased a remarkable increase in sales...

SM Entertainment Founder Lee Soo Man Ventures in AI By Funding Mindlogic

Mar 25, 2024 09:54 am UTC| Business Technology

Lee Soo Man, the founder of SM Entertainment in South Korea, has invested $5.2 million in Mindlogic Inc., a South Korean AI startup company. Sole Investor for the AI Company The Korea Economic Daily reported that the...

Toyota Introduces Next-Gen Tamaraw for Diverse Commercial Applications in Philippines

Mar 25, 2024 09:48 am UTC| Business

The iconic Toyota Tamaraw is set to make a comeback this year, as Toyota Motor Philippines plans to unveil the new model in the fourth quarter. Production will kick off by the third quarter at TMPs Santa Rosa City...

ANZ Group Settles Class Action Over Credit Card Interest Charges

Mar 25, 2024 09:40 am UTC| Business

Australias ANZ Group has settled a class action lawsuit regarding interest charges on personal credit cards. The agreed-upon settlement amount is A$57.5 million ($37.44 million). The settlement, reached on Monday, does...

Nissan to Reduce EV Costs, Targets 1M Sales as It Competes With Chinese Rivals

Mar 25, 2024 09:11 am UTC| Business

Nissan Motor Co. Ltd. is cutting its production cost for electric vehicles and aiming to sell an additional one million EVs in the next three years. Japanese automakers are reportedly making this move to compete well with...

PepsiCo to Invest $400 Million in New Renewable Energy-Powered Plants in Vietnam

Mar 25, 2024 09:09 am UTC| Business

U.S. food and beverage giant PepsiCo has announced a substantial investment of US$400 million in Vietnam to establish two new plants powered by renewable energy sources. The move will boost the companys regional operations...

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Economy

Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks

Wall Street closed sharply lower on Friday, ending a two-week winning streak as investors sold technology shares amid a continued pullback in the artificial intelligence (AI) sector and renewed concerns over inflation...

Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears

Global oil prices posted their strongest weekly gains in months on Friday as the escalating conflict between the United States and Iran heightened concerns over global crude supply and shipping disruptions through the...

Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis

President Donald Trump has threatened to impose higher tariffs on Canada, blaming the country for worsening air pollution across the United States as smoke from hundreds of active Canadian wildfires spreads south of the...

AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software

The explosive rally in AI semiconductor stocks is showing signs of cooling as investors question lofty valuations and whether the massive spending on artificial intelligence infrastructure can continue at its current pace....

Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand

Malaysias economy expanded by 5.8% year-on-year in the second quarter of 2026, outperforming market expectations and highlighting the countrys resilience despite ongoing geopolitical uncertainties. According to advance...

Politics

Iran Expands Gulf Attacks as U.S. Strikes Intensify, Oil Prices Surge

Iran widened its military campaign against U.S. allies in the Gulf on Saturday after the United States carried out a seventh consecutive night of strikes on Iranian military targets, marking another escalation in the...

Brazil Supreme Court Tightens Jair Bolsonaro House Arrest Ahead of Election

Brazils Supreme Court has imposed stricter restrictions on former President Jair Bolsonaro, suspending all non-essential visits to his residence for 30 days as the country moves closer to its October presidential election....

US Expands Iran Strikes as Strait of Hormuz Shipping Drops, Oil Prices Climb

The United States carried out a seventh straight night of military strikes on Iran, extending operations beyond the countrys southern coast and deeper into its interior, while Tehran launched retaliatory attacks on...

DOJ Subpoenas Major Law Firms in Trump Executive Order Dispute

The U.S. Justice Department has issued subpoenas to 14 major law firms seeking records and sworn testimony related to executive orders signed by President Donald Trump that targeted several prominent legal firms or...

Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech

President Donald Trump criticized ABC, NBC and CNN after the three major U.S. news organizations declined to air his prime-time address on their main television platforms, intensifying his long-running dispute with the...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO

Chinese artificial intelligence startup DeepSeek is preparing a new fundraising round that could value the company at approximately 500 billion yuan ($74 billion) as it moves closer to a potential initial public offering...

SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave

SpaceX briefly recovered some of its losses on Friday after a Wall Street Journal report said the aerospace company is negotiating a multi-billion-dollar agreement with the Pentagon to provide artificial intelligence...

Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit

Swiss automation and machining systems manufacturer Mikron Group AG reported lower first-half 2026 results as weaker demand in its Automation and Machining businesses offset strong growth in its Tool division. Despite the...

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...