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Samsung Cashes in $2.2B from ASML Shares Sale, Bolstering Chipmaking Arsenal

Aug 16, 2023 06:34 am UTC| Economy Technology Business

Samsung Electronics, the global memory chip titan, has sold 3.55 million shares of ASML Holding for an estimated $2.2 billion, reinforcing its semiconductor prowess amid industry recovery. As a result of this...

Women's World Cup Stirs Adidas, Nike: First-Time Champ, Market Shifts Emerge

Aug 16, 2023 06:11 am UTC| Economy Sports Business

The Womens World Cup unveils surprising outcomes as the US departs early, pushing leading brands like Adidas and Nike to adapt to shifting consumer trends. As empowerment themes dominate, anticipation swells for the...

Emart's Bold Revamp Challenges Coupang's E-commerce Dominance

Aug 16, 2023 05:55 am UTC| Economy Life Business

Emart, Koreas premier discount chain, unveils a strategic overhaul targeting a resurgence against e-commerce giant, Coupang. Reinventing retail spaces and reporting a 10% sales surge in flagship stores, Emart signals a...

McDonald's Teams Up with Palace Skateboards for Exclusive 'As Featured In Meal' Merchandise

Aug 16, 2023 05:47 am UTC| Business Economy

McDonalds is merging fast food and streetwear by partnering with Londons Palace Skateboards to launch a limited-edition collection. As a highlight of the fast-food giants ongoing As Featured In Meal event, this unique...

Genesis Nears 1 Million Global Sales in Record Time; Hyundai Bolsters EV Footing in China

Aug 15, 2023 12:28 pm UTC| Economy Life Business

Genesis, Hyundai Motor Co.s luxury brand, is poised to hit a million sales just under eight years after its 2015 launch, outpacing industry norms. Meanwhile, Hyundai secures a strategic EV partnership in China with...

DeepOcean Awarded Key Contract in RWE's 1.6 GW Nordseecluster Offshore Wind Project

Aug 15, 2023 12:06 pm UTC| Economy Nature Business

DeepOcean, a leading Norway-based subsea service provider, has clinched a pivotal contract for the first phase of RWE AGs Nordseecluster offshore wind venture in the North Sea. Tasked with installing around 185km of cables...

Berjaya Food to Invest $1.5M in Paris Baguette's Philippines Expansion: First Store Opening Q4 2023

Aug 15, 2023 11:33 am UTC| Economy Life Business

Berjaya Food Berhad, the powerhouse behind brands like Starbucks and Kenny Rogers, will invest $1.5 million to introduce South Korean bakery giant Paris Baguette to the Philippine market, with the first café set to...

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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...