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Tue, Dec 16, 2025 04:48 AM All times are UTC

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Verizon to Slash 15,000 Jobs as New CEO Launches Major Restructuring

Nov 14, 2025 01:01 am UTC| Business Technology

Verizon is preparing for its largest round of layoffs in company history, with plans to cut roughly 15,000 U.S. jobs as part of a major restructuring push under new CEO Dan Schulman, according to a source familiar with the...

Baidu Introduces New AI Chips to Boost China’s Domestic Computing Power

Nov 13, 2025 08:03 am UTC| Business Technology

Baidu has announced two new artificial intelligence chips designed to strengthen Chinas access to advanced, cost-efficient, and locally controlled computing power. The launch comes as ongoing U.S.China tensions continue to...

Cisco Stock Jumps as Strong AI-Driven Networking Demand Boosts Earnings and Guidance

Nov 13, 2025 02:17 am UTC| Business Technology

Cisco Systems Inc. (NASDAQ: CSCO) surged over 4% in after-hours trading on Wednesday after reporting stronger-than-expected fiscal first-quarter results and raising its full-year outlook, driven by robust demand for...

Trump’s tariffs threaten the future of innovation – and UK tech could be collateral damage

Nov 13, 2025 01:30 am UTC| Insights & Views Technology Economy Venture Capital

US president Donald Trumps 15% baseline tariffs on EU imports may read like a throwback to old-school protectionism, designed to safeguard American jobs and manufacturing. But in todays globalised and digitally driven...

AI Revolution Series

Yes, there is an AI investment bubble – here are three scenarios for how it could end

Nov 13, 2025 01:29 am UTC| Technology Insights & Views

Booms and busts are a recurring feature of modern economics, but when an assets value becomes overinflated, a boom quickly becomes a bubble. The two most recent major bubble episodes were the dot-com bubble in the United...

Foxconn’s Q3 Profit Surges 17% on Strong AI Server and iPhone Demand

Nov 12, 2025 07:28 am UTC| Technology Business

Taiwan-based Foxconn, officially known as Hon Hai Precision Industry, reported a 17% year-on-year rise in third-quarter profit, driven by robust global demand for artificial intelligence (AI) servers and steady iPhone...

Australia Warns of Chinese Cyber Threats Targeting Telecoms and Critical Infrastructure

Nov 12, 2025 02:19 am UTC| Politics Technology

Australias top intelligence official has issued a stark warning about escalating cyber threats from Chinese state-backed hackers targeting the nations critical infrastructure and telecommunications networks. Mike Burgess,...

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Economy

Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data

Wall Street futures edged lower on Monday evening as technology stocks remained under pressure following several weak sessions, while investors turned cautious ahead of critical US labor market and inflation data. Market...

Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist

The Bank of Japan (BOJ) is widely expected to raise interest rates to 0.75% at the conclusion of its two-day policy meeting on Friday, marking the highest level in more than 30 years and closing the year with two rate...

New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes

New Zealand has released updated financial forecasts showing the government is unlikely to return to a budget surplus over the next five years, as weak economic conditions continue to outweigh strict fiscal discipline. The...

Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth

Japans manufacturing sector showed fresh signs of stabilization in December, moving closer to expansion territory, according to the latest purchasing managers index (PMI) data released by SP Global. While the sector...

U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions

The U.S. dollar weakened to near a two-month low during early Asian trading on Tuesday, as investors adopted a cautious stance ahead of several high-impact economic releases, most notably the delayed U.S. employment...

Politics

Taiwan Political Standoff Deepens as President Lai Urges Parliament to Withdraw Disputed Laws

Taiwans political crisis has intensified as President Lai Ching-te warned that the islands global credibility and economic competitiveness are at risk, urging parliament to withdraw a series of controversial laws opposed...

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

U.S. President Donald Trump said he is considering an executive order to reclassify marijuana as a less dangerous drug, a move that could significantly reshape federal cannabis policy and the broader marijuana industry. If...

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

U.S. and Mexico Reach New Agreement to Tackle Tijuana River Sewage Crisis

The United States and Mexico have signed a new bilateral agreement aimed at addressing the long-standing Tijuana River sewage crisis, according to a statement released Monday by the U.S. Environmental Protection Agency...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market

SUPERFORTUNE, a web3 AI application incubated by Manta Network, has launched its first mobile application, expanding beyond crypto-native users into the global consumer market. The SUPERFORTUNE mobile app delivers...

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...