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BMW granted a license to acquire majority share in its Chinese joint venture

Feb 14, 2022 07:20 am UTC| Business Economy

BMW Group just bolstered its business partnership in China after extending its joint venture contract until 2040. This was made possible after the Bayerische Motoren Werke AG German automaker was given a license to do...

Netflix dropping Marvel shows, ‘Daredevil,’ ‘Luke Cage,’ ‘The Punisher’ are leaving the platform

Feb 14, 2022 07:00 am UTC| Business Economy

Netflix, the American streaming platform, notified its subscribers that most of the Marvel shows and series are leaving. Hawk-eyed subscribers revealed seeing a message telling viewers that Luke Cage, The Punisher,...

McDonald’s Korea is raising menu prices this week as inflation bites

Feb 14, 2022 06:27 am UTC| Business Economy

McDonalds Korea is set to raise prices of food items, and the new rates are taking effect starting Feb. 17. The fast-food chain said that its move comes after other restaurants implemented price hikes not long...

Renault Samsung appoints Stephane Deblaise as CEO

Feb 14, 2022 06:19 am UTC| Business Economy

Renault Samsung announced late last week that it has appointed its new chief executive officer. The South Korean car manufacturer headquartered in Busan named Renault Groups former program director Stephane Deblaise as its...

Coca-Cola pledges 25% reusable packaging amid criticism for plastic pollution

Feb 14, 2022 03:03 am UTC| Economy Nature Business

The Coca-Cola Company is aiming to make 25 percent of its packaging globally to be reusable by 2030 after environmental groups have called it out for worldwide plastic pollution. Consumer, investor, and environmental...

Kusto Group’s KazBeef to Receive Prestigious Quality Certificate

Feb 14, 2022 00:28 am UTC| Business

Kusto Groups meat manufacturing entity, KazBeef, has become the first firm in Kazakhstan to achieve the agricultural GLOBALG.A.P. certificate. Kusto Groups meat manufacturing company, KazBeef, recently made history, as...

McDonald's temporarily removes Chicken Big Mac from UK menu due to 'incredible' demand

Feb 13, 2022 21:27 pm UTC| Economy Business Life

McDonalds UK is temporarily removing its limited-edition Chicken Big Mac from its restaurants, due to its inability to keep up with the incredible demand for the burger. The Chicken Big Mac had sold out almost...

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Economy

Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates

Singapores central bank surprised markets on Monday by tightening its monetary policy, citing expectations that inflation will strengthen in the coming months. Unlike most central banks that adjust benchmark interest...

Oil Prices Plunge as U.S.-Iran Pause Eases Middle East Supply Fears

Oil prices fell sharply on Monday after the United States and Iran paused military strikes over the weekend, prompting traders to unwind the geopolitical risk premium that had pushed crude to multi-month highs. As of 20:19...

US Stock Futures Rally as Oil Prices Drop Ahead of Fed Meeting and Big Tech Earnings

U.S. stock index futures surged Sunday night as easing geopolitical tensions in the Middle East pushed oil prices sharply lower, boosting investor sentiment ahead of a critical week featuring the Federal Reserves policy...

Asian Markets Rise as Oil Prices Fall Ahead of Fed, BOE, BOJ Meetings

Asian stock markets advanced on Monday after easing tensions in the Middle East pushed oil prices sharply lower, reducing inflation concerns and boosting investor confidence ahead of a busy week of central bank decisions,...

Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations

Japans services producer price index (SPPI) increased 3.2% year over year in June, highlighting persistent inflationary pressure that could strengthen expectations for additional interest rate hikes by the Bank of Japan...

Politics

Russia Launches Ballistic Missiles, Drones Across Ukraine as Civilian Death Toll Rises

Russia launched a fresh wave of ballistic missiles and drones across Ukraine early Sunday, striking Kyiv and several other regions in attacks that killed at least six people and injured dozens, according to Ukrainian...

Brazil Recalls Ambassador From Argentina After Milei's Remarks on Lula

Brazil has recalled its ambassador to Argentina following comments by Argentine President Javier Milei criticizing Brazilian President Luiz Inacio Lula da Silva, the Brazilian government, and the countrys judiciary,...

Trump Pauses Iran Strikes as Tehran Signals Conditional Halt to Attacks

Iran has signaled it will suspend its military attacks as long as the United States refrains from launching new strikes, raising cautious hopes for a temporary easing of tensions in the Middle East. A senior Iranian...

Kyiv Hit by Russian Missile Attack as Fires Erupt Across Multiple Districts

Russia launched an early morning attack on Ukraines capital, Kyiv, on Sunday, with ballistic missiles triggering explosions and fires in several parts of the city, according to Ukrainian officials. Kyiv Mayor Vitali...

Iran Condemns Ukrainian Attack on Commercial Ship as Zelenskiy Alleges Russia Aids Tehran

Iran condemned Ukraine on Saturday over an alleged attack on an Iranian commercial vessel in the Caspian Sea, saying the incident triggered an explosion that killed one sailor and injured another, further escalating...

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

CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight

Chinas ChangXin Memory Technologies (CXMT) is set to begin trading on the Shanghai Stock Exchange on Monday following the largest initial public offering (IPO) in Asia this year, with investors closely watching the...

Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project

Nvidia (NASDAQ: NVDA) is reportedly in discussions to provide a financial guarantee worth approximately $250 billion for OpenAI as part of an ambitious artificial intelligence data center project in Ohio, according to a...

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,...

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...

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...