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Aeroflot Suffers 95% Drop in Passengers in April

May 26, 2020 08:35 am UTC| Business

Aeroflot carried 229,000 passengers in April, down 95.2 percent compared to last year due to dwindling demand and flight restrictions caused by the pandemic. For the first four months of 2020, the airlines number of...

Court Orders Volkswagen to Buy Back Modified Diesel Car

May 25, 2020 23:55 pm UTC| Business

Germanys Federal Court of Justice (BGH) ordered Volkswagen to buy back a modified diesel car, among those used to cheat emissions testing. This decision could impact the outcome of other dieselgate cases. The judges...

JioMart Expands to 200 Indian Cities to Take on Amazon, Flipkart

May 25, 2020 22:26 pm UTC| Business

JioMarts expansion to 200 cities across India over the weekend is a reason for worry to Amazon and Flipkart, according to Forrester analyst Satish Meena. Amazon and Flipkarts weaknesses in grocery deliveries could be...

Doosan Solus to Expand Copper Foil Business in Hungary

May 25, 2020 22:26 pm UTC| Business

South Korean copper foil maker will utilize the 34 billion won incentives it got from the Hungarian government in expanding its annual production of copper foil at its Hungarian unit. The South Korean copper foil makers...

Lotte Shopping Speeding Up Selling of Assets, Unloading 121 Stores This Year

May 25, 2020 22:26 pm UTC| Business

Lotte Shopping Co will sell 121 brick-and-mortar stores within this year amid the new coronavirus impact on the retail industry. South Koreas biggest department store chain has initially been planning to sell 200 of...

How the movie industry is fighting lockdown

May 25, 2020 12:33 pm UTC| Business Entertainment

Its a tough time for the global film industry, for which the pandemic represents a disruption of seismic proportions. All movie production spaces have been officially locked down and all talent whether in front of or...

High-speed rail on Australia's east coast would increase emissions for up to 36 years

May 25, 2020 07:29 am UTC| Business Politics

Bullet trains are back on the political agenda. As the major parties look for ways to stimulate the economy after the COVID-19 crisis, Labor is again spruiking its vision of linking Melbourne, Sydney, Canberra and Brisbane...

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Economy

Oil Prices Ease After Sharp Rally as Trump Warns of More Action Against Iran

Oil prices slipped slightly during Asian trading on Thursday after posting their biggest gains in weeks, as investors locked in profits while monitoring escalating geopolitical tensions in the Middle East and tightening...

Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions

The Federal Reserve left its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 3.50% to 3.75% for a fifth consecutive meeting as policymakers continued to monitor inflation and broader...

US Stocks Slide as Fed Holds Rates, AI Chip Selloff Deepens and Oil Prices Surge

U.S. stocks ended sharply lower on Wednesday as investors reacted to a prolonged selloff in semiconductor stocks and a sharp rebound in oil prices, while awaiting earnings from Microsoft and Meta Platforms for fresh...

Oil Prices Jump as Trump Vows Response to Iran Attack, Supply Risks Return

Oil prices rebounded sharply on Wednesday after the United States said it intercepted a surprise Iranian missile attack and President Donald Trump pledged a forceful response, reigniting concerns over potential supply...

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...

Politics

Lebanon Lawyers Seek Probe Into Banker Over Alleged Netanyahu Dinner in Washington

A group of Lebanese lawyers has filed a legal complaint urging the countrys top prosecutor to investigate prominent banker Antoun Sehnaoui over allegations that he co-hosted a dinner in Washington attended by Israeli Prime...

U.S. Launches Air Strikes on Iran After Alleged Missile Attack on American Forces

The United States launched air strikes against targets in Iran on Wednesday night, marking a sharp escalation in tensions across the Middle East following what Washington described as an attempted Iranian attack on U.S....

New Jewish-Arab Party Seeks Young Voters Ahead of Israel Election Amid Debate Over Arab Vote

A newly formed Jewish-Arab political party is aiming to attract younger voters ahead of Israels October 27 parliamentary election, but critics argue its emergence could divide the Arab vote and strengthen Prime Minister...

Oman Proposes Strait of Hormuz Plan as U.S. Rejects Iran Shipping Fee Idea

Oman has presented Iran with a Gulf-backed proposal to help manage shipping through the Strait of Hormuz, including a system of voluntary contributions from vessels, according to Reuters sources. The initiative aims to...

Ukraine F-16 Fighter Jet Crashes During Mission, Pilot Ejects Safely

Ukraines Air Force confirmed on Wednesday that one of its U.S.-made F-16 fighter jets crashed while carrying out a combat mission, although the pilot survived after successfully ejecting from the aircraft. According to 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

Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer

Tamron (TYO:7740) confirmed Thursday that it has received a non-binding acquisition proposal from Sony (TYO:6758), following reports that the potential deal could be worth approximately 200 billion yen ($1.3 billion). The...

SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027

SpaceX has secured $1.6 billion in new contracts from the U.S. Space Force to carry out 18 Falcon 9 rocket launches through 2027, further strengthening its position as the Pentagons leading commercial launch provider. The...

Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half

Samsung Electronics reported stronger-than-expected second-quarter earnings, driven by soaring demand for artificial intelligence (AI) memory chips as global investment in AI infrastructure continued to accelerate. For the...

Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest

Russia has formally charged Telegram founder Pavel Durov with facilitating terrorist activity, accusing the messaging platform of being used by Ukrainian intelligence services to recruit operatives and organize attacks...

Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit

Meta Platforms (NASDAQ: META) shares fell 8% in after-hours trading after the social media giant reported second-quarter earnings that missed Wall Street expectations and issued weaker-than-expected third-quarter revenue...