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Fri, Jul 24, 2026 03:05 AM All times are UTC

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LG Electronics Targets $77B Revenue by 2030, Shifting Focus to Smart Life Solutions

Jul 13, 2023 10:25 am UTC| Life Technology Business Economy

LG Electronics is set to reinvent its brand by achieving sales of $77 billion by 2030, evolving from a traditional home appliance maker to a leader in smart life solutions. CEO Cho Joo-wan announced ambitious plans to...

Starbucks Launches Super-Sized 'Trenta' in South Korea for Limited Time

Jul 13, 2023 10:14 am UTC| Business Economy Life

Starbucks has announced the launch of the Trenta, a super-sized 31-ounce beverage option, exclusively in South Korea. Available from July 20 to September 30, this move celebrates Starbucks 24th year in the country and is a...

Audi Mulls Acquisition of SAIC Motor's Electric Vehicle Platform

Jul 13, 2023 10:06 am UTC| Business Economy

Audi AG, a German automotive manufacturer of luxury vehicles based in Ingolstadt, Bavaria, is said to be in talks with Chinese state-owned automobile manufacturer SAIC Motor Corp. Ltd. They are said to be discussing the...

H&M Boosts Third-Party Brands in Its Mix, Aims to Double Sales by 2030

Jul 13, 2023 10:05 am UTC| Life Economy Business

Fast-fashion giant HM, led by CEO Helena Helmersson, is expanding its product mix with a strategic focus on third-party brands to boost growth. The retailers ambitious plan aims to double its sales by 2030 by offering...

Coca-Cola Forms $137.7M Fund Focused on Sustainability; Partners with Greycroft for Eco-Tech Investments

Jul 13, 2023 09:11 am UTC| Nature Economy Business

Coca-Cola and eight bottling partners launch a $137.7 million VC fund dedicated to sustainability innovations, managed by Greycroft. The Greycroft Coca-Cola System Sustainability Fund seeks to reduce the carbon footprint...

Walt Disney Reportedly Looking Into Sale or Partnership for Its Business in India

Jul 13, 2023 09:07 am UTC| Business Economy

Walt Disney is reportedly exploring its options for its business unit in India. The American entertainment firm is trying to figure out if it would sell or just look for a partner for its Indian digital and TV...

Microsoft, KPMG Scale Up AI Cooperation to Unlock New Growth Opportunities in Other Business Areas

Jul 13, 2023 09:07 am UTC| Business Economy

Microsoft Corporation and KPMG International Limited have signed a landmark agreement that will put artificial intelligence (AI) at the front line of their professional services. Moreover, the companies entered into a...

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Economy

Iran Rejects U.S.-Backed Ceasefire as Trump Escalates Military Threats, Oil Tops $100

Iran has rejected a U.S.-backed ceasefire proposal delivered by Iraqi Prime Minister Ali al-Zaidi, opting against a temporary truce as tensions with the United States continue to escalate, according to a New York Times...

Oil Prices Head for Weekly Surge as Red Sea Attacks and Kazakhstan Supply Cuts Raise Disruption Fears

Oil prices were set for strong weekly gains on Friday as renewed supply concerns gripped global energy markets following Houthi attacks on Saudi oil tankers in the Red Sea and temporary production cuts in Kazakhstan. Brent...

Asian Stocks Slide as Oil Tops $100, Middle East Conflict Fuels Inflation Fears

Asian stock markets tumbled on Friday as crude oil surged above $100 per barrel, heightening concerns over global inflation and prompting investors to reassess the outlook for interest rates. Escalating tensions in the...

Japan CPI Rises in June, but Core Inflation Stays Below BOJ’s 2% Target

Japans consumer inflation accelerated in June, but underlying price pressures remained below the Bank of Japans (BOJ) 2% target, reinforcing expectations that policymakers will keep interest rates unchanged at their...

Japan Manufacturing Growth Holds Strong in July Despite Middle East Uncertainty

Japans manufacturing sector continued to expand in July, supported by the strongest factory output growth in more than a decade, although businesses remained cautious as geopolitical tensions in the Middle East clouded the...

Politics

Arizona Primaries Set High-Stakes Governor and House Battles Ahead of Midterm Elections

Arizonas Republican primary delivered major victories for candidates backed by U.S. President Donald Trump, setting up closely watched contests for governor and a key U.S. House seat in the November 3 midterm elections....

Amish Shah Wins Arizona Democratic Primary in Key U.S. House Race

Moderate Democrat Amish Shah has won the Democratic primary for Arizonas 1st Congressional District, according to media projections, setting up a closely watched general election contest that could play a significant role...

Trump Administration Opens Civil Rights Probes Into Five U.S. Medical Schools Over Admissions

The U.S. Department of Education has launched civil rights investigations into five medical schools over alleged racial discrimination in admissions, expanding President Donald Trumps campaign against diversity, equity,...

ASEAN Forum Puts Middle East Conflict, South China Sea Tensions in Spotlight

Top diplomats from Asia, Europe, and North America gathered in Manila on Thursday for the ASEAN Regional Forum (ARF), with the escalating Middle East conflict and South China Sea tensions expected to dominate discussions....

Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad

U.S. Secretary of State Marco Rubio has directed American diplomats to push back against claims that the United States has a kill switch capable of shutting off access to U.S. technology products, according to a State...

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

Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract

Oracle Corporation (NYSE: ORCL) gained 2.3% in after-hours trading on Thursday after securing a U.S. Department of Defense enterprise software contract worth up to $6.99 billion over 10 years. The agreement strengthens...

Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership

Amkor Technology (NASDAQ: AMKR) shares surged 16.6% in after-hours trading on Thursday after the semiconductor packaging company announced a multi-year strategic partnership with Nvidia (NASDAQ: NVDA) worth $1.5 billion to...

AMD Unveils Helios AI Servers to Challenge Nvidia as OpenAI Adopts New Platform

Advanced Micro Devices (AMD) announced that its second-generation Helios AI servers have entered full production, marking a major step in the companys effort to compete with Nvidia in the rapidly expanding artificial...

Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch

Intel and Advanced Micro Devices (AMD) are negotiating long-term purchase agreements with Chinese server customers as demand for data center processors continues to outpace supply, according to people familiar with the...

Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook

Alphabet (NASDAQ: GOOGL) delivered stronger-than-expected second-quarter 2026 results, driven by rapid growth in Google Cloud and continued investment in artificial intelligence infrastructure. Despite beating Wall Street...