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Michael Shah Discusses the Impact of COVID-19 on the Hospitality Industry

Jul 14, 2020 06:44 am UTC| Business

As one of the first industries to experience the impacts of COVID-19, the hospitality landscape may experience long-term implications, once the pandemic over. The decision to temporarily shut down hotels, restaurants,...

Samsung may tap the competitor's display panels for its LCD TV

Jul 14, 2020 02:50 am UTC| Business

Samsung Electronics Co. may use the display panels of its competitor LG Display Co. for its LCD TVs in a deal worth between 1 trillion and 2 trillion won as it transitions to quantum-dot (QD) display production. Early...

Johnnie Walker whiskey to be housed in paper bottles

Jul 14, 2020 00:44 am UTC| Business

Johnnie Walker will soon be available in fully-recyclable paper bottles made of the wood pulp, which are set for trial beginning spring 2021. Diageo, the drinks giant that owns Johnnie Walker, is looking for ways of...

Doosan Group on track to repay debts with assets sale

Jul 14, 2020 00:25 am UTC| Business

South Koreas Doosan Group is on track to repay debts worth 1 trillion won by the end of the year by selling its assets, including affiliate Doosan Solus Co. and a golf course. A deal has been signed for Doosan to sell...

Tesla reduces price of Model Y SUV to boost sales

Jul 13, 2020 15:51 pm UTC| Business

Tesla Inc reduced the price of its sport utility vehicle Model Y by $3,000, just four months after its launch to maintain sales momentum during the pandemic. The starting price of Model Y is now at $49,990, down almost...

IBAS: General Info & Duties

Jul 13, 2020 14:43 pm UTC| Business

The house always wins cliche is engraved with fire in the gambling scene. A monolithic figure against bettors cannot win in the long run. While the odds might favor the betting operators, that doesnt mean that true and...

UKGC Opens Consultation on High Value ‘VIP’ Customers

Jul 13, 2020 14:40 pm UTC| Business

For many years it has been a standard in the gambling industry to provide enhanced benefits for those customers that have proven themselves to be of high value. Is not only the background like celebrities that can boast...

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Economy

Gold Price Rallies as Fed Holds Rates, Middle East Tensions Boost Safe-Haven Demand

Gold prices climbed nearly 1% on Wednesday as investors flocked to safe-haven assets following renewed geopolitical tensions in the Middle East, while a weaker U.S. dollar after the Federal Reserves latest policy decision...

Fed Holds Rates Steady as US Dollar Slides, Euro and Yen Gain

The U.S. dollar recorded its biggest one-day decline in nearly four weeks on Wednesday after the Federal Reserve left interest rates unchanged, easing concerns that policymakers could unexpectedly tighten monetary policy....

Asian Stocks Tumble as Tech Selloff Deepens Ahead of Fed Decision, Big Tech Earnings

Asian stock markets posted steep losses on Wednesday as a sharp technology sector selloff continued for a second day, with South Korea leading regional declines ahead of the U.S. Federal Reserves policy announcement and...

Gold Price Holds Near $4,025 Ahead of Fed Decision as Middle East Tensions Lift Oil

Gold prices traded little changed during Asian trading on Wednesday as investors stayed cautious ahead of the U.S. Federal Reserves closely watched interest rate decision, while renewed geopolitical tensions in the Middle...

Hong Kong Home Prices Extend Winning Streak With 13th Straight Monthly Gain in June

Hong Kong home prices continued their upward momentum in June, marking the 13th consecutive month of gains, although the pace of growth slowed as the property market faced fresh economic headwinds. According to data...

Politics

California ICE Detention Center Found to Have Inadequate Medical Care, Court Monitor Says

A court-appointed monitor has concluded that Californias largest immigration detention center failed to provide adequate medical care to detainees, finding the facility out of compliance with a previous federal court order...

US Intercepts Iranian Ballistic Missiles as Middle East Tensions Escalate

The U.S. military said it successfully intercepted multiple ballistic missiles launched by Iran toward American forces in the Middle East on Tuesday, describing the attack as an attempted surprise strike amid heightened...

Trump, Zelenskiy Discuss Patriot Missile Production and Ukraine Peace Talks

U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy met in Washington on Tuesday to discuss reviving peace negotiations with Russia, expanding Ukraines air defense capabilities, and strengthening...

U.S., Saudi Forces Launch Precision Strikes on Iran-Backed Militants in Iraq

The U.S. military announced Tuesday that American and Saudi Arabian armed forces carried out coordinated precision strikes in Iraq targeting Iran-backed militant groups accused of threatening regional security. According...

Zelenskiy Urges Trump for More Anti-Ballistic Missile Systems to Strengthen Ukraine Defense

Ukrainian President Volodymyr Zelenskiy said on Tuesday that he used his visit to Washington to press U.S. President Donald Trump and key U.S. senators for additional anti-ballistic missile systems and interceptors,...

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

Arm Holdings Q1 Earnings Beat Estimates, Strong Q2 Outlook Fails to Lift ARM Stock

Arm Holdings delivered stronger-than-expected first-quarter fiscal 2027 results, beating Wall Street estimates on both earnings and revenue while issuing an upbeat outlook for the current quarter. Despite the solid...

Qualcomm Stock Falls as Weak Q4 Forecast, Apple Revenue Decline Overshadow AI Data Center Growth

Qualcomm (NASDAQ: QCOM) shares dropped more than 4% in after-hours trading after the chipmaker issued a weaker-than-expected fiscal fourth-quarter profit forecast and warned that revenue from Apple-related products will...

X Challenges Australia’s Expanded Social Media Ban Enforcement Powers

Elon Musks social media platform X has criticized Australias proposal to expand the powers of its online safety regulator, arguing the changes could conflict with U.S. law, threaten international legal principles, and...

Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation

Meta CEO Mark Zuckerberg has urged the U.S. government not to prohibit advanced Chinese artificial intelligence models, arguing that such restrictions would not help the United States maintain its competitive edge in the...

Trump Administration to Ban Chinese Robots, Power Inverters Over AI Security Concerns

The Trump administration is set to introduce new restrictions on Chinese technology imports, targeting advanced robots and power inverters as part of a broader effort to strengthen U.S. national security and protect the...