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Ford to lose $610M after the NHSTA ordered a recall and replacement of airbags in 3 million vehicles

Jan 24, 2021 11:56 am UTC| Business

Ford will be losing money after the National Highway Traffic Safety Administration rejected its appeal in the airbag recall order. The NHTSA has been asked to recall three million vehicles earlier this month for the...

Indian regulators approve Reliance's deal with Future Group amid Amazon's protest

Jan 22, 2021 23:48 pm UTC| Business

The Securities and Exchange Board of India has approved Reliance Retails $3.4 billion acquisition of Future Groups retail assets against Amazons opposition. The deal would transfer the retail and wholesale business of...

American Airlines creates program to sell and ship excess wine

Jan 22, 2021 22:14 pm UTC| Business

American Airlines hopes to bring in $40,000 to $50,000 during the first three months of the year by selling and shipping some of its excess wine directly to peoples homes. The wine was meant to be served to...

S. Korean's stockholdings in Tesla reach $7.8 billion

Jan 22, 2021 20:18 pm UTC| Economy Business

South Korean investors have collectively acquired $7.8 billion worth of Tesla stocks at the end of 2020, accounting for 16.6 percent of the entire $47 billion foreign currency-denominated stock holdings of Korean...

Volkswagen faces EU fine for missing 2020 emissions targets

Jan 22, 2021 18:04 pm UTC| Economy Business

Volkswagen is facing a fine of over $121 million for narrowly missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet. CEO Herbert Diess blamed the COVID-19 pandemic for its failure to...

Hyundai E&C swings to Q4 loss mainly due to currency-related woes

Jan 22, 2021 15:50 pm UTC| Business Economy

Hyundai Engineering Construction Co. shifted to a net loss of 122 billion won in the fourth quarter of 2020 after posting a net profit of 6.9 billion won in the same period last year, mainly due to the US dollars strength...

S. Korea to deploy ships to cushion exporters from soaring freight rates

Jan 22, 2021 12:11 pm UTC| Economy Business

South Korea will deploy at least five vessels by the end of February to support exporters facing increasing freight costs amid soaring demand. According to the Ministry of Trade, Industry, and Energy, HMM Co., South...

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Economy

Trump Rejects Iran Proposal as Tensions Persist Amid Fragile Ceasefire

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal for renewed talks, signaling continued deadlock in efforts to resolve the ongoing U.S.-Iran conflict. Despite a ceasefire reached on...

EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports

The European Commission signaled it is prepared to defend its economic interests after the United States threatened to impose new tariffs on European vehicles, raising concerns over a potential escalation in transatlantic...

Wall Street Mixed as Apple Earnings Boost Nasdaq and Oil Prices Ease

U.S. stock market performance ended mixed on Friday, with major indices showing resilience despite ongoing geopolitical tensions and fluctuating oil prices. The SP 500 and Nasdaq Composite posted gains, while the Dow Jones...

Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns

Gold prices edged slightly lower on Friday, hovering near one-month lows after a volatile trading session. The precious metal continues to face pressure following consecutive monthly declines, as global economic...

Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention

Currency markets closely monitored the Japanese yen on Friday after suspected intervention by Tokyo triggered significant volatility, while the U.S. dollar began May with a modest rebound following April losses. The U.S....

Politics

Cuba Condemns New U.S. Sanctions, Calls Measures “Collective Punishment”

Cuba has strongly rejected the latest sanctions imposed by U.S. President Donald Trump, describing them as unjust and harmful to its citizens. The response came from Cuban Foreign Minister Bruno Rodríguez, who...

Rising Tensions in US-Europe Relations Amid Trump Policies and Iran War

Recent developments in US-Europe relations have raised concerns among global leaders as tensions escalate due to policy disagreements and political rhetoric. European officials are increasingly uneasy following a series of...

Trump Expands Cuba Sanctions Targeting Key Sectors and Foreign Entities

U.S. President Donald Trump has signed a sweeping executive order expanding sanctions against Cuba, intensifying pressure on the islands government and its international partners. According to White House officials, the...

US to Withdraw 5,000 Troops from Germany Amid Growing Rift with European Allies

The United States is set to withdraw approximately 5,000 troops from Germany, signaling rising tensions between Washington and its European allies amid the ongoing Iran conflict. The Pentagon confirmed the move, which will...

U.S. Weapons Delays Raise Concerns Among European Allies Amid Iran Conflict

The United States has reportedly warned several European allies to prepare for delays in the delivery of military equipment, as ongoing tensions and conflict involving Iran continue to strain American weapons stockpiles....

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

U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats

U.S. cybersecurity officials are exploring significantly shorter deadlines for fixing critical vulnerabilities in government IT systems, driven by growing concerns that hackers are leveraging advanced artificial...

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...

Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island

Taiwan has activated emergency backup communications for Dongyin, its northernmost and strategically important island, after an undersea cable was damaged due to shifting shipwreck debris caused by severe weather. The...

Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings

Meta Platforms has increased its full-year capital expenditure guidance for 2026, signaling continued aggressive investment in artificial intelligence infrastructure despite rising costs and market concerns. The company...