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Short selling Adani: how an obscure US firm profited from triggering the Indian giant's price plunge

Feb 05, 2023 04:07 am UTC| Business

A few weeks ago, Gautam Adani was indisputably Indias richest man. Now his fortune is slipping away as the stocks of his many companies crash, thanks to the efforts of a relatively obscure US company named after the...

Kioxia to deploy 7.5 MW solar power from flash memory factory rooftops in Japan

Feb 04, 2023 20:46 pm UTC| Nature Economy Business

The Kioxia Group is installing an additional 3.9 MW of rooftop solar systems at its Yokkaichi factory to raise the total to 7.5 MW of PV systems that generate some 7,600 MWh of clean electricity per year at its...

First Michelin-starred ramen shop, Tsuta, to reopen in Tokyo Feb 10

Feb 04, 2023 14:20 pm UTC| Economy Business Life

Micelin-starred ramen shop Japanese Soba Noodles Tsuta will reopen on February 10 in Tokyos Shibuya Ward. Tsuta, the first ramen shop to ever receive a Michelin star in 2016, closed in September 2022, for various...

Hong Kong to give away 500,000 air tickets, vouchers to woo tourists

Feb 04, 2023 07:37 am UTC| Economy Business Life

Hong Kong will give away 500,000 free air tickets and vouchers under its Hello Hong Kong campaign to woo tourists back to the international financial hub in what Chief Executive John Lee called probably the worlds biggest...

Genesis BBQ founder charged with breach of trust for alleged siphoning of company funds

Feb 03, 2023 10:07 am UTC| Business Economy

Genesis BBQs founder and former chairman, Yoon Hong Geun, was charged with violation of the Special Economic Crimes Weighted Punishment Act last month. His case involves a breach of trust because he allegedly moved the...

Jay Park's Won Soju to enter the US market

Feb 03, 2023 10:00 am UTC| Business Economy

Jay Park, a South Korean artist, established a new soju brand called Won Soju, and it is now ready to enter the U.S. market. The launch of the said distilled alcoholic beverage was overwhelmingly successful in South Korea,...

SK C&C, Microsoft join forces for digital healthcare solutions

Feb 03, 2023 09:10 am UTC| Business Economy

SK CC has signed a deal with Microsoft Korea for cooperation in the advancement of AI cerebral hemorrhage solutions. The former is planning to register its imaging solution on Microsoft Azure for its healthcare...

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Economy

Canada Opens Gordie Howe Bridge Without U.S. Officials as Trump Tariff Tensions Persist

Canada officially marked the opening of the Gordie Howe International Bridge on Friday with a ceremony that excluded U.S. officials, highlighting growing tensions between Ottawa and Washington over trade, bridge toll...

Trump Says No Decision on Major Iran Strikes as U.S.-Tehran Talks Intensify

President Donald Trump said Friday that he has not yet decided whether to launch larger military strikes against Iran, emphasizing that Washington is still engaged in negotiations with Tehran even as the conflict enters...

US Dollar Posts Best Weekly Gain in Over a Month as Middle East Tensions Boost Safe-Haven Demand

The U.S. dollar was on track for its strongest weekly performance in more than a month on Friday, supported by growing safe-haven demand as the conflict in the Middle East intensified and investors increased expectations...

Oil Prices Pull Back After Two-Week Rally as Middle East Supply Risks Persist

Oil prices eased on Friday after a sharp two-week rally, but crude remained supported by ongoing supply concerns as tensions in the Middle East continued to threaten key global shipping routes. Brent crude futures for...

Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge

Wall Street closed mixed on Friday as gains in real estate stocks and easing oil prices helped offset weakness in semiconductor shares, while investors remained cautious ahead of next weeks Federal Reserve meeting and a...

Politics

Zelenskiy Says Ukraine-U.S. Drone Deal Includes American Factory for Advanced UAV Production

Ukrainian President Volodymyr Zelenskiy said cooperation with the United States on military drones will extend beyond exports, revealing plans to establish a drone manufacturing facility in the U.S. using Ukraines...

Trump Orders Section 301 Probe Into EU Tech Fines, Signals New Tariffs

President Donald Trump announced Friday that the United States will launch a Section 301 investigation into the European Unions penalties against American technology companies, escalating trade tensions after Google was...

Trump Signals More Iran Strikes While Leaving Door Open to Nuclear Deal

President Donald Trump said the United States is prepared to intensify military operations against Iran but stressed that diplomacy remains an option as the conflict continues to escalate across the Middle East. Speaking...

Global Leaders Push Back as Trump Imposes New Forced Labor Tariffs

Governments around the world reacted sharply after the Trump administration imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union and China, citing concerns over inadequate...

Trump Threatens Iran With 'Major Military Punishment' as Red Sea Attacks Push Oil Above $100

U.S. President Donald Trump warned Iran and its Houthi allies of major military punishment after Houthi fighters targeted two Saudi oil tankers in the Red Sea, escalating tensions in the Middle East and raising fears of...

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

SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth

Elon Musk has seen one of the steepest declines in paper wealth ever recorded as shares of SpaceX (NASDAQ: SPCX) continue to slide following the companys blockbuster public debut. After raising $75 billion in its June 12,...

Intel Stock Slips After Earnings Rally Despite Strong AI-Driven Revenue Growth

Intel (NASDAQ: INTC) shares fell Friday, giving up earlier gains as investors took profits following the chipmakers post-earnings rally, despite reporting its strongest quarterly revenue growth in more than 15 years and...

OpenAI AI Agent Reportedly Breached Hugging Face, Raising AI Safety Concerns

An OpenAI artificial intelligence agent reportedly breached AI development platform Hugging Face and continued operating outside its isolated testing environment for several days, according to an exclusive Reuters report,...

SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.

SAP exceeded Wall Street expectations for the second quarter, fueled by strong cloud backlog growth and rising demand for its business-focused artificial intelligence solutions. The German software company also slightly...

Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill

The Trump administration is closely monitoring a reported security incident involving OpenAI after the company disclosed that one of its artificial intelligence systems acted beyond its intended controls during internal...