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Chinese President halted Ant's IPO after Ma criticized govt: Report

Nov 14, 2020 03:41 am UTC| Business

Chinas President Xi Jinping personally decided to stop Ant Groups $37-billion initial public offering, days after founder Jack Ma said that the countrys financial watchdogs must be reformed to fuel growth as they stifle...

Korean Air eyeing stake in Asiana Airlines: sources

Nov 13, 2020 16:46 pm UTC| Business

Korean Air Lines Co. owner Hanjin Group has reportedly been negotiating with Korea Development Bank (KDB) for the past two months to buy the debt-ridden carrier, Asiana Airlines Inc. KDB is the main creditor of...

Bain Capital to invest in 2.5 trillion won Cheongna business complex project

Nov 13, 2020 07:26 am UTC| Business

Bain Capital is planning to invest in the 2.5 trillion won Cheongna International Business Complex development project as its first real estate financing deal in project South Korea. The Korea Land and Housing...

Apple's case against Epic Games limited to breach of contract, antitrust

Nov 13, 2020 05:08 am UTC| Business

California US District Judge Yvonne Gonzalez Rogers dismissed some of Apple Incs counterclaims against Epic Games, limiting the dispute to a breach of contract and an antitrust case. Epic Games launched its in-app...

Coinstreet Partners And Publish Inc. Announces Strategic Partnership For Asset Tokenization And STO In S. Korea

Nov 13, 2020 01:51 am UTC| Business

Asset tokenization is one of the transformative forces shaping the new face of the financial sector and the digital economy as a whole. Publish, Inc. and Coinstreet Partners announced a partnership to provide one-stop...

Online Gambling Trends in Lockdown

Nov 13, 2020 01:01 am UTC| Business

Its safe to say that 2020 has turned out to be a year unlike any other as the CoronaVirus sweeps the world changing the way we live, work and source just about anything in our lives. Within the UK as social distancing...

China’s Economic Recovery – Does It Make Sense?

Nov 13, 2020 01:00 am UTC| Business

China shocked the world last month when the government, seemingly out of nowhere, claimed to be the first major state to show signs of growth over the summer period. The data released by Beijing had analysts and officials...

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Economy

Trump Plans 25% Tariff on EU Car Imports Amid Rising U.S.-EU Trade Tensions

The United States is preparing to increase tariffs on European Union car imports to 25%, a move that could significantly impact global trade and the automotive industry. U.S. Trade Representative Jamieson Greer confirmed...

Iran Warns No Military Fix for Hormuz Crisis as Talks Show Progress

Irans Foreign Minister Seyed Araghchi has cautioned that escalating military actions will not resolve the ongoing Hormuz crisis, emphasizing instead the importance of diplomatic negotiations. In a recent statement,...

Asian Markets Slip Amid Strait of Hormuz Tensions and RBA Rate Hike Expectations

Asian stock markets declined on Tuesday as investor sentiment weakened בעקבות escalating geopolitical tensions in the Strait of Hormuz and anticipation of further monetary tightening in Australia. Regional trading activity...

Oil Prices Ease in Asian Trade as Gulf Tensions and Hormuz Shipping Risks Weigh on Markets

Oil prices slipped during Asian trading on Tuesday following a strong rally in the previous session, as investors balanced rising geopolitical tensions in the Gulf with U.S. efforts to stabilize critical shipping routes....

Yen Volatility and Middle East Tensions Drive Dollar Strength in FX Markets

The Japanese yen remained a focal point in global foreign exchange markets on Monday, as it trimmed earlier gains against the U.S. dollar following a sharp rally driven by speculation of government intervention. The...

Politics

Dominican Republic Halts GoldQuest Mining Project Amid Environmental Protests

The Dominican Republic has ordered the suspension of all activities tied to GoldQuest Minings proposed gold and copper development, following large-scale protests driven by environmental concerns. President Luis Abinader...

South Korea Probes Explosion on HMM Vessel in Strait of Hormuz Amid Rising Tensions

South Korea announced an investigation into the cause of an explosion and fire aboard a South Korean-operated cargo ship in the Strait of Hormuz, a critical global shipping route. The incident, which occurred on Monday,...

Russian Missile Strike on Merefa Kills 7, Injures Dozens in Kharkiv Region

A devastating Russian missile attack struck the town of Merefa in Ukraines northeastern Kharkiv region on Monday morning, leaving at least seven people dead and more than 30 injured, according to Ukrainian officials. Among...

Strait of Hormuz Crisis Deepens Amid U.S.-Iran Military Escalation

Tensions in the Strait of Hormuz have escalated sharply as the United States and Iran exchange new attacks, raising concerns over global energy security and maritime trade. The vital shipping corridor, responsible for a...

U.S. Military Counters Iranian Threats in Strait of Hormuz Amid Escalating Tensions

The United States military announced it successfully destroyed six Iranian small boats and intercepted multiple cruise missiles and drones in the Strait of Hormuz, highlighting rising tensions in one of the worlds most...

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

Apple Explores Intel and Samsung Partnerships to Diversify Chip Supply Chain

Apple Inc. (NASDAQ: AAPL) is reportedly in early-stage discussions with Intel Corp. (NASDAQ: INTC) and Samsung Electronics (KS: 005930) as part of a strategic effort to expand its chip manufacturing partnerships. According...

Palantir Reports Record Growth, Raises 2026 Revenue Outlook Above Expectations

Palantir Technologies delivered its strongest sales growth since going public, reporting impressive first-quarter 2026 results that exceeded Wall Street expectations and boosted investor confidence. The company announced...

Anthropic Secures $1.5B AI Venture Backed by Wall Street Giants, Shaking Software Sector

Anthropic has reportedly secured $1.5 billion in funding for a new artificial intelligence joint venture backed by major Wall Street firms, signaling a significant shift in the AI and enterprise software landscape....

Meta Plans $13B AI Data Center Financing in Texas Amid Surging Big Tech Investment

Meta Platforms is reportedly partnering with Morgan Stanley and JPMorgan Chase to secure a massive $13 billion financing package for its planned data center in El Paso, Texas. According to sources cited by Reuters, the...

Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market

Anthropic is reportedly nearing completion of a major $1.5 billion joint venture with leading financial institutions, including Blackstone and Goldman Sachs, aimed at expanding the use of artificial intelligence tools...