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Digital Currency Revolution

y00ts NFT Collection Migrates to Ethereum, Refunds $3M Polygon Grant Amid Strategy Shift

Aug 17, 2023 10:22 am UTC| Economy Digital Currency Business

In a seismic shift, y00ts announces its bold exit from Polygon, returning a $3 million grant, and now aims to merge with the influential DeGods community on Ethereum. This comes ahead of LAs DeLabs launching DeGods Season...

Intel Scraps $5.4 Billion Tower Semiconductor Acquisition Over Regulatory Hurdles

Aug 17, 2023 10:00 am UTC| Business Economy

Intel Corporation has called off its planned $5.4 billion acquisition of Israeli chipmaker Tower Semiconductor after failing to secure pivotal regulatory approval from China. This setback forces Intel to pay a $353 million...

H&M Marks Expansion in Eastern India with Grand Debut in Ranchi's Mall

Aug 17, 2023 09:39 am UTC| Economy Life Business

Hennes Mauritz (HM) inaugurates its debut store in Ranchis Mall, marking its 53rd Indian location. The two-story outlet at the Mall of Ranchi underscores the brands commitment to reaching fashion enthusiasts in eastern...

General Motors to Invest $60M in Mitra Chem Battery Maker Startup

Aug 17, 2023 09:38 am UTC| Business Economy

General Motors made the decision to invest in a California-based startup called Mitra Chem. The automaker will spend about $60 million in financing for the said firm that develops cheaper batteries for electric...

Hyundai Motor Signs Deal for Take Over of General Motors Plant in India

Aug 17, 2023 08:53 am UTC| Business Economy

Hyundai Motor has acquired the production plant of General Motors in India. The automakers recently signed a deal for the purchase, and the Korean firm expects to start production in the facility by 2025. With the...

SK On Plans to Boost Battery Production in Korea Using $1.12B Investment

Aug 17, 2023 08:37 am UTC| Business Economy

SK on revealed on Wednesday that it will allot fresh investment to increase its battery production in South Korea. The company said it will spend KRW1.5 trillion or about $1.12 billion for the plan. To ramp up its...

Digital Currency Revolution

McDonald's Singapore Unveils 2,000 Exclusive Grimace NFTs in Partnership with 'The Hidden Walls'

Aug 17, 2023 08:26 am UTC| Economy Business Digital Currency

McDonalds Singapore partners with Bandwagon Labs and local NFT artist The Hidden Walls to launch 2,000 unique Grimace digital collectibles, blending nostalgia with innovative technology in an iconic character...

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Economy

Xi Jinping Highlights People-to-People Ties as U.S.-China Relations Show Signs of Stabilization

Chinese President Xi Jinping reaffirmed the enduring importance of people-to-people exchanges between China and the United States, emphasizing that cooperation between the two nations will continue regardless of...

Asian Stocks Rise as Japan Tech Shares Rebound Ahead of Fed Minutes and PCE Data

Asian stock markets moved higher on Wednesday, led by a rebound in Japanese technology shares, even as lingering concerns over artificial intelligence continued to weigh on the broader tech sector. Trading activity across...

RBNZ Holds OCR at 2.25% as Inflation Set to Ease Toward 2% Target

The Reserve Bank of New Zealand (RBNZ) kept its official cash rate (OCR) unchanged at 2.25% on Wednesday, signaling that monetary policy will remain supportive as inflation gradually moves back toward the midpoint of its...

Oil Prices Steady as U.S.-Iran Nuclear Talks and Fed Outlook Shape Market Sentiment

Oil prices were largely unchanged in Asian trading on Wednesday after posting sharp losses in the previous session, as progress in U.S.-Iran nuclear negotiations eased concerns about potential supply disruptions. The...

Christine Lagarde Reportedly Set to Exit ECB Before End of Term

Christine Lagarde is expected to step down as President of the European Central Bank (ECB) before completing her full eight-year term, according to a report published Wednesday by the Financial Times. The report cited a...

Politics

Vatican Declines to Join Trump’s “Board of Peace,” Urges UN to Lead Gaza Crisis Efforts

The Vatican has confirmed it will not participate in U.S. President Donald Trumps proposed Board of Peace, a new initiative aimed at overseeing Gazas temporary governance and addressing global conflicts. Cardinal Pietro...

Cambodia’s Hun Manet Urges Thailand to Resolve Border Dispute Amid Fragile Ceasefire

Cambodian Prime Minister Hun Manet has accused Thai forces of occupying Cambodian territory months after renewed fighting along the disputed Cambodia-Thailand border, despite a ceasefire brokered in December. In an...

U.S. Official Alleges China Conducted Underground Nuclear Test at Lop Nor in 2020

A senior U.S. official has alleged that China carried out a covert underground nuclear test in June 2020 at its Lop Nor test site in western China, raising fresh concerns about global nuclear security and arms control....

Zelenskiy Says Trump Pressuring Ukraine as Donbas Peace Talks Intensify

Ukrainian President Volodymyr Zelenskiy has raised concerns that U.S. President Donald Trump is placing excessive pressure on Ukraine to make concessions in ongoing peace negotiations aimed at ending the nearly four-year...

Medical Groups Sue FTC Over Gender-Affirming Care Investigations Amid Trump Policy Dispute

Two leading U.S. medical organizations have filed lawsuits against the Federal Trade Commission (FTC), alleging the agency launched unconstitutional investigations into their support of gender-affirming care for...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

European IT Hardware Stocks to Watch as Gaming Demand Outpaces Smartphones, Says BofA

BofA Researchs February report highlights a clear split in European IT hardware demand trends, with gaming spending significantly outperforming other consumer technology categories while smartphone sales remain under...

Microsoft Plans $50 Billion AI Investment to Accelerate Growth in the Global South

Microsoft has announced plans to invest up to $50 billion by the end of the decade to expand artificial intelligence (AI) infrastructure and digital capabilities across countries in the Global South. The announcement was...

Qualcomm to Invest $150 Million in India AI Startups, Strengthening Presence in Growing Market

Qualcomm (NASDAQ: QCOM) announced on Wednesday that it plans to invest up to $150 million in a new fund dedicated to supporting artificial intelligence startups in India. The move highlights the chipmakers long-term...

Yotta to Build $2 Billion AI Data Centre Hub in India with Nvidia Blackwell Ultra Chips

Indian data centre operator Yotta Data Services has announced plans to invest more than $2 billion to develop one of Asias largest AI computing hubs, powered by Nvidias latest Blackwell Ultra chips. The large-scale AI...

YouTube Outage Disrupts Thousands Worldwide as Recommendation System Fails

YouTube experienced a widespread outage on Tuesday evening and early Wednesday morning, affecting thousands of users across the globe. According to checks conducted by Investing.com, the popular video streaming platform...