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Tue, May 05, 2026 04:54 PM All times are UTC

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Chinese EV maker XPeng eyes to $1.11-B in US IPO

Aug 22, 2020 03:33 am UTC| Business

Chinese electric vehicle manufacturer XPeng Inc intends to sell 85 million American depositary shares (ADS) to raise up to $1.11 billion in its initial public offering (IPO) in New York. Each ADS represents two Class A...

Volkswagen now producing ID.4 electric SUV to take on Tesla's Model Y

Aug 22, 2020 01:57 am UTC| Business

Volkswagen has started producing the ID.4 compact SUV, which could compete with Teslas Model Y, at its plant in Zwickau. The ID.4 is Volkswagens first electric SUV. According to Ralf Brandsttter, head of the...

Korea Shipbuilding tapped to build 10 petrochemical carriers by Saudi firm

Aug 22, 2020 01:52 am UTC| Business

Korea Shipbuilding Offshore Engineering Co. clinched a 485 billion-won order from a Saudi shipper to build 10 petrochemical carriers, each weighing 50,000 tons. The vessels would be built by its subsidiary Hyundai Mipo...

Chemknock partners with Chemicalnews to revitalize the domestic chemical industry

Aug 21, 2020 11:19 am UTC| Business

E-Biz and News Media Chemicalnews signed a memorandum of understanding (MOU) to work closely in support of small and medium-sized companies in the local chemical industry. E-Biz Inc. owns the B2B platform called...

Merger interest boosts shares of hoteliers Accor, IHG

Aug 21, 2020 02:43 am UTC| Business

Shares of Frances Accor went up 1.9 percent on Thursday following reports of a potential merger with UKs InterContinental Hotels that would form the worlds biggest hotel group with a market value of about $17 billion. A...

US firm mum on 'rumor and speculation' about SsangYong Motor bid

Aug 21, 2020 01:03 am UTC| Business

California-based HAAH Automotive Holdings, Inc. called the news that it would submit a binding offer next month to acquire a stake in SsangYong Motor Co. as mere rumor and speculation. Such categorization came from...

Digital Onboarding Explained

Aug 20, 2020 12:04 pm UTC| Business

If youre familiar with online marketing, then youve heard of the term before. As the COVID-19 pandemic grips the world, industries must find ways to evolve to remain active. The banking industry is no different, and it...

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Economy

Copper Prices Hold Near Three-Week Low Amid Strong Dollar and Global Slowdown Fears

London copper prices stabilized on Tuesday after earlier slipping to a three-week low, as market sentiment remained pressured by a strengthening U.S. dollar and growing concerns over a potential global economic slowdown....

RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions

The Reserve Bank of Australia (RBA) increased its benchmark interest rate by 25 basis points to 4.35% on Tuesday, a move widely anticipated by markets. The decision reflects growing concerns over inflation, particularly as...

Asian Currencies Hold Steady as RBA Rate Hike and Middle East Tensions Shape Market Sentiment

Asian currencies traded in a narrow range on Tuesday as investors remained cautious amid escalating geopolitical tensions between the United States and Iran, while also focusing on central bank policy signals. Market...

European Stocks Volatile as U.S.-Iran Tensions Threaten Oil Supply and Global Markets

European stock markets showed volatility on Tuesday as escalating tensions between the United States and Iran raised concerns about global oil supply disruptions and economic stability. The pan-European Stoxx 600 index...

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,...

Politics

NATO Tensions Rise as Trump Reduces U.S. Troops in Germany

European leaders are intensifying diplomatic efforts to keep the United States committed to NATO as tensions escalate following President Donald Trumps controversial decision to withdraw 5,000 U.S. troops from Germany....

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,...

Armed Suspect Shot Near White House After Firing at Secret Service Officers

A tense security incident unfolded near the White House on Monday when U.S. Secret Service officers confronted an armed and suspicious individual, leading to an exchange of gunfire and a brief lockdown of the area....

Rudy Giuliani Hospitalized in Critical but Stable Condition After Pneumonia

Former New York City Mayor Rudy Giuliani is recovering in a Florida hospital after being diagnosed with pneumonia, according to his spokesperson. The 81-year-old political figure remains in critical but stable condition,...

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

Intel Emerges as Key Contender in Apple’s Chip Manufacturing Strategy Shift

Apple Inc. (NASDAQ: AAPL) is reportedly exploring new partnerships with Intel Corp. (NASDAQ: INTC) and Samsung Electronics (KS: 005930) to manufacture its main processors, signaling a potential shift in its long-standing...

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...