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Sat, May 02, 2026 07:36 PM All times are UTC

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French wine exporters lament US imposition of 'sledgehammer' taxes

Jan 02, 2021 06:13 am UTC| Business

French wine exporters lamented that they have to absorb the impact of an aircraft subsidy battle in the form of new sledgehammer US tariffs in addition to a first set last year that will cost them a total of over $1.23...

Ford, Mahindra cancel India joint venture due to changing economic conditions

Jan 02, 2021 00:44 am UTC| Business Economy

Mahindra Mahindra and Ford Motor Company have been called off their much-awaited joint venture in India due to significant changes in the global business environment caused by the pandemic. The two carmakers have...

US drugmakers Pfizer, Sanofi, GSK to hike prices due to reduced demand

Jan 01, 2021 11:25 am UTC| Business

Drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc are raising prices on over 300 drugs in the US on Jan. 1 due to reduced demand for some drugs triggered by the pandemic. As lesser doctor visits on...

US EPA finalizing greenhouse gas emissions rules for airplane

Jan 01, 2021 06:25 am UTC| Business

The US Environmental Protection Agency is finalizing the first-ever proposed standards regulating greenhouse gas emissions for airplanes used in commercial aviation and for large business jets. The EPA has been...

Posco readies steel supply for surging LNG tank market

Jan 01, 2021 05:30 am UTC| Business

Posco is readying to expand steel supply for liquefied natural gas (LNG)-fuel tanks on expectations that global demand for environmentally-friendly vessels will increase rapidly next year. A surge in demand for LNG is...

Daimler agrees to $30 million penalty for delayed truck recalls in US

Jan 01, 2021 04:31 am UTC| Business

Daimler Trucks North America agreed to a $30 million penalty slapped by the National Highway Traffic Safety Administration (NHTSA) for failing to resolve an investigation of delayed recalls. Daimler AGs North American...

KDB refuses SsangYong's financing request

Jan 01, 2021 03:50 am UTC| Business

The Korea Development Bank (KDB) turned down SsangYong Motors request for financing after the latter requested an autonomous restructuring support (ARS) program with a local court. KDBs decision would force SsangYongs...

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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...