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Tue, Apr 28, 2026 06:46 AM All times are UTC

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PepsiCo India to invest $24 million to expand Uttar Pradesh food manufacturing plant

Jun 28, 2022 13:47 pm UTC| Business Economy

PepsiCo India will invest US$ 23.7 million to expand its largest greenfield foods manufacturing plant in Kosi Kalan, Mathura in Uttar Pradesh, which produces the popular Lays potato chips . The infusion would push the...

Credit Suisse convicted in cocaine cash laundering case

Jun 28, 2022 12:50 pm UTC| Law Economy Business

Switzerlands Federal Criminal Court convicted Credit Suisse on Monday for failing to prevent money-laundering by a Bulgarian cocaine trafficking gang/ It was the countrys first criminal trial of one of its major...

Bentley joins growing number of auto brand launching NFTs

Jun 28, 2022 12:33 pm UTC| Business Economy Technology

Luxury car brand Bentley Motors will launch a non-fungible token (NFT) in September by dropping just 208, in reference to the top-speed Grand Tourer and the number of 1952 R-Type Continentals produced. The key benefit...

More companies with ties to Toyota targeted in cyberattacks

Jun 28, 2022 12:19 pm UTC| Business Economy Technology

Key suppliers to Toyota Motor Corp. such as TB Kawashima Co., Kyoho Machine Works Ltd, Denso Corp., and Kojima Press Industry Co., continue to be plagued by cyberattacks. TB Kawashima Co., which makes fabric for seat...

Samsung, LG Electronics slashes production as consumer demand declines

Jun 28, 2022 10:17 am UTC| Business Economy

Samsung Electronics and LG Electronics have reportedly reduced their production and cited the harsh economic conditions as the reason. The South Korean companies will bring down the number of television sets and other home...

Holiday Inn operator IHG hotel group to cease business in Russia

Jun 28, 2022 09:55 am UTC| Business Economy

The International Hotels Group, or IHG, which runs the Holiday Inn Hotel, announced on Monday, June 27, that it has decided to withdraw its business in Russia. The hotel and resort company said that it made the decision...

Siemens acquires Brightly American software company for $1.58B

Jun 28, 2022 09:37 am UTC| Business Economy

Siemens AG, a German multinational corporation and the largest industrial manufacturing company in Europe headquartered in Munich, announced on Monday, June 27, that it had bought Brightly, an American software...

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Economy

China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.

The Beijing Auto Show is drawing global attention as it highlights a dramatic shift in the automotive market: electric vehicle (EV) prices in China are significantly lower than in the United States. Intense competition...

Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting

The Japanese yen strengthened on Tuesday after the Bank of Japan (BOJ) maintained its interest rates but hinted at potential rate hikes amid rising inflation risks. The USD/JPY pair declined by 0.2%, hovering near the 159...

Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets

Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japans decision to keep interest rates unchanged. Market sentiment...

Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock

Oil prices moved higher during Asian trading on Tuesday as geopolitical tensions between the United States and Iran continued to weigh on global energy markets. The ongoing stalemate over the Strait of Hormuz, a critical...

Wall Street Futures Rise as Trump Discusses Iran’s Hormuz Strait Proposal and Tech Earnings Loom

Wall Street futures moved slightly higher on Monday evening after major U.S. stock indexes reached new record highs, reflecting cautious optimism among investors. SP 500 Futures climbed 0.2% to 7,217.0 points, while Nasdaq...

Politics

King Charles Addresses U.S. Congress, Emphasizes UK-US Alliance Amid Political Tensions

Britains King Charles III is set to deliver a historic address to the U.S. Congress on Tuesday, reinforcing the long-standing special relationship between the United Kingdom and the United States. The speech comes at a...

Trump Skeptical of Iran Hormuz Proposal as Nuclear Talks Stall

U.S. President Donald Trump and his national security team remain doubtful about Irans recent proposal to reopen the Strait of Hormuz while delaying discussions on its nuclear program, according to a Wall Street Journal...

White House Withdraws Trump’s National Park Service Nominee Amid Criticism

The White House has officially withdrawn President Donald Trumps nomination of Scott Socha to lead the National Park Service (NPS), more than two months after it was submitted to the U.S. Senate. The administration did not...

Trump Administration Dismisses Entire National Science Board, Sparking Debate Over Scientific Independence

The Trump administration has removed all members of the National Science Board, a major advisory group that oversees the National Science Foundation (NSF), according to statements from two former board members. The...

Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal aimed at resolving the ongoing two-month conflict, according to a U.S. official. The development has reduced hopes for a near-term...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Google Secures Pentagon AI Deal for Classified Projects

Alphabets Google has reportedly entered into an agreement with the U.S. Department of Defense to deploy its advanced artificial intelligence models for classified operations, according to a report by The Information citing...

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...