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India accelerates talks with Taiwan on bringing $7.5 billion chip plant to its shores

Sep 28, 2021 23:26 pm UTC| Economy Business

Indian and Taiwanese officials are negotiating to bring a $7.5 billion chip plant to India with tariff reductions on components for producing semiconductors by the end of the year. The plant could supply everything from...

UFC owner Endeavor acquires sports-betting firm OpenBet

Sep 28, 2021 23:22 pm UTC| Sports Economy Business

Endeavor Group Holdings Inc acquired OpenBet for $1.2 billion, consisting of $1 billion in cash and $200 million in shares, to further diversify its business and help it monetize its assets. Endeavor, which owns the...

Ford issues recall on 17,000 Mustang Mach-Es in the US

Sep 28, 2021 10:01 am UTC| Business Economy

Ford Motor announced a new recall for some of its vehicle units. It was reported that the affected models are the brands electric Mustang Mach-E cars. According to Fox Business, more or less 17,692 units that were made...

Beyond Meat plant-based chicken to debut in Walmart, ShopRite, Safeway Norcal, and other groceries

Sep 28, 2021 09:44 am UTC| Business Economy

Beyond Meat is finally offering its plant-based chicken products to the public through release in grocery stores in the U.S. It was reported that the meatless chicken tenders are set to debut in select locations across the...

Wendy's Canada is launching Wendy’s custom Android mobile phone

Sep 28, 2021 09:10 am UTC| Business Economy

Wendys Canada announced that it would be releasing the Android-based Wendys Phone next month. The fast-food chain will launch the device, but there will only be 20 units available and will be exclusively awarded to the...

Ford, SK Innovation to build battery manufacturing complex BlueOvalSK Battery Park and create jobs

Sep 28, 2021 06:09 am UTC| Business Economy

Ford Motor Company and SK Innovation are jointly investing in building battery plants in the United States. It was said that they would be spending around $5.8 billion for the twin battery factories that they will call the...

UK start-up Polymateria strikes deals for technology that turns plastic waste into wax

Sep 27, 2021 23:51 pm UTC| Science Nature Economy

UK start-up Polymateria Ltd has struck a deal with a 7-Elevens supplier in Taiwan, South Plastic Industry Co., to use its innovative process to decompose plastic into a wax that is digested by nature. President Chain...

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Economy

BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target

Bank of Japan Governor Kazuo Ueda said Japans underlying inflation is steadily accelerating and moving closer to the central banks long-standing 2% target, reinforcing expectations that interest rate hikes will continue if...

UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs

Gold, silver, and platinum have surged to fresh record highs heading into the year-end holiday period, drawing strong attention across global commodity markets. However, UBS is urging investors to exercise caution, warning...

Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment

Japans government has revised upward its economic growth forecast for the fiscal year ending next March and projected faster expansion in the following year, citing the positive impact of a large-scale stimulus package...

U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average and the SP 500 finishing at record closing highs during a broad-based rally in a holiday-shortened trading session. All three major indexes...

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

Politics

Christmas Eve Jazz Concert Canceled After Kennedy Center Renaming to Include Trump

A planned Christmas Eve jazz concert at the Kennedy Center in Washington, D.C., has been canceled following a controversial decision to rename the iconic performing arts institution to include the name of Republican U.S....

Palau Agrees to Accept Up to 75 U.S.-Transferred Migrants in Deal Tied to Increased American Aid

Palau has agreed to accept up to 75 migrants transferred from the United States after signing a memorandum of understanding (MOU) with Washington, a move that has drawn international attention amid ongoing debate over U.S....

U.S. Shifts Strategy Toward Economic Pressure With Venezuelan Oil Quarantine

The White House has directed U.S. military forces to focus almost exclusively on enforcing a quarantine of Venezuelan oil for at least the next two months, signaling that Washington is prioritizing economic pressure over...

Democratic Governors Urge Trump Administration to Lift Halt on East Coast Offshore Wind Projects

Four Democratic governors have formally urged the Trump administration to reverse its recent suspension of five offshore wind projects along the U.S. East Coast, arguing that the move is politically motivated and...

Kim Jong Un Oversees Missile Test Amid Rising Korean Peninsula Tensions

North Korean leader Kim Jong Un has overseen the test-firing of long-range surface-to-air missiles near the countrys east coast, according to a report by state media outlet KCNA. The missile test, conducted on Wednesday...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...