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Tue, Jul 28, 2026 03:00 AM All times are UTC

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Korea’s Netmarble buys SpinX casino game company for $2.1 billion

Aug 03, 2021 08:41 am UTC| Business Economy

Netmarble Corp., South Koreas largest mobile gaming company, revealed its plan to buy SpinX Games, a Hong Kong-based casino game firm. It was shared that the acquisition deal will cost the game developer some $2.1...

Apple beats Saudi Aramco to become the world's most profitable company

Aug 03, 2021 07:30 am UTC| Business Economy

Apple recorded an increase in its total profit, and with this, it has become the most profitable company in the world. Based on Fortune Global 500 list for the 2020 fiscal year, the iPhone makers revenue increased 3.9...

Google to ditch Qualcomm and make its own smartphone processor for Pixel 6

Aug 03, 2021 06:29 am UTC| Business Technology

Google said on Monday, Aug. 2, that it will be creating its own processor for smartphones, and this will be called the Google Tensor. This will be used for the companys upcoming Pixel 6 and Pixel 6 Pro mobile units that...

Abbott Labs paying $160M to settle kickbacks and false diabetes claims

Aug 03, 2021 05:21 am UTC| Business Economy

Abbott Laboratories is settling the case involving its two units, Arriva Medical LLC and its parent company Alere Inc. The American medical devices and health care company headquartered in Illinois will be paying $160...

Generac recalls generators after grisly reports of finger amputations

Aug 03, 2021 05:07 am UTC| Business Economy

Generac Power Systems, the maker of portable generators, announced a recall for some of its models after receiving reports of accidents involving fingers being amputated after using the machines. There have been...

S. Korea to release 80,000 tons of reserved rice in Aug. to address supply shortages

Aug 03, 2021 03:56 am UTC| Economy Business

South Korea will release 80,000 tons of rice into the market this month to deal with supply shortages and stabilize prices. The move brings the amount of reserved rice released into the market since January to 370,000...

Has Twitter Run Afoul of Canadian Law? Sujit Choudhry Weighs In on Content Policies

Aug 03, 2021 00:37 am UTC| Business

The Canadian government has had its hands full with the COVID-19 pandemic, but that doesnt mean that other battles cant be fought at the same time. In this digitally driven era, online content platforms like Twitter and...

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Economy

Asian Stocks Sink as AI Spending Fears and China Chip Advances Hit Tech Shares

Asian stock markets fell sharply on Tuesday as renewed concerns over massive artificial intelligence spending and Chinas rapid semiconductor progress triggered another selloff in global chip stocks, with South Koreas KOSPI...

South Korean Chip Stocks Plunge as AI Spending Concerns and China Competition Shake Market

South Korean semiconductor stocks tumbled on Tuesday as investors pulled back from artificial intelligence (AI)-related shares, driven by growing concerns over AI infrastructure financing, rising competition from China,...

Dollar Holds One-Month High as Fed Rate Hike Bets Grow, Yen Remains Under Pressure

The U.S. dollar hovered near a one-month high on Tuesday as investors assessed the possibility of a Federal Reserve interest rate hike this week, despite easing inflation concerns following a sharp decline in oil prices....

Brazil Challenges Trump Tariffs at WTO Over Trade Dispute

Brazil has formally requested consultations with the United States under the World Trade Organization (WTO) dispute settlement system, escalating its challenge against tariffs imposed by the Trump administration on...

Oil Prices Extend Slide as U.S.-Iran Talks Ease Middle East Supply Fears

Oil prices continued to fall in Asian trading on Tuesday after suffering their steepest decline in months, as renewed optimism over U.S.-Iran diplomatic talks reduced concerns about disruptions to Middle East crude...

Politics

West Bank Tensions Escalate as Palestinian Village Faces Settler Violence and Military Raids

Residents of the Palestinian village of Tal in the occupied West Bank say violence between Israeli settlers and Palestinians has pushed the area close to a breaking point after a deadly confrontation last week left six...

US Drone Industry Still Trails Ukraine as Pentagon Pushes American-Made Supply Chain

The Pentagon says the United States is still in the early stages of building a competitive domestic drone industry, even as it tightens requirements for military drones to use American-made components. Defense officials...

US Watchdog Finds State Department Struggled After USAID Shutdown Takeover

An internal watchdog report released Monday found that the U.S. State Department faced significant operational challenges after taking over billions of dollars in foreign aid programs following the closure of the U.S....

US Walks Out of UN Security Council as France Criticizes Washington

The United States staged a walkout during a United Nations Security Council meeting on Ukraine on Monday after accusing France of making inflammatory remarks about Washingtons stance on human rights issues, marking a sharp...

Haiti Sets Presidential Election for December After Years of Delays

Haitis Provisional Electoral Council (CEP) has officially scheduled the countrys first presidential election in nearly a decade, setting the first round for December 13 and a runoff vote for February 21, marking a...

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

ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters

Semiconductor capital equipment stocks tumbled Monday after reports that China has begun mass-producing domestically developed immersion deep ultraviolet (DUV) lithography machines, raising concerns about the future...

Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says

Investor positioning in large-cap technology stocks has fallen sharply from previously elevated levels and is now close to neutral, signaling that the ongoing rotation away from the sector is largely complete, according to...

Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum

Shares of South Korean internet and cloud services company Naver surged more than 10% on Monday after the company announced that Nvidia will invest $1 billion by purchasing newly issued shares to support a major artificial...

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...