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Gucci CEO Steps Down Amid Kering Group's Strategic Management Overhaul

Jul 20, 2023 09:50 am UTC| Business Economy

Guccis Chief Executive Officer, Marco Bizzarri, is set to resign later this year amid a significant leadership shake-up at its parent company, Kering Group. The move, part of an aggressive effort to outpace rival LVMH, is...

GM Korea Debuts Customized Chevrolet Trailblazer for Domestic Market, Building on Impressive Global Sales

Jul 20, 2023 09:30 am UTC| Economy Business Life

General Motors (GM) Korea steps up in the SUV segment by releasing a revamped Chevrolet Trailblazer, specifically designed for South Koreas discerning consumers. Since its 2020 debut, the Trailblazer has shown remarkable...

LG Unveils EXAONE 2.0: A Giant Leap in AI with Multimodal, Energy-Efficient Technology

Jul 20, 2023 08:58 am UTC| Technology Economy Business

LG AI Research introduced its second-generation AI model, EXAONE 2.0, a multimodal, more efficient, and energy-conserving upgrade, during the LG AI Talk Concert. Trained on a vast 45-million patent paper dataset and 350...

Tata Motors Picks UK for New £4B Electric Vehicle Battery Plant, Bolsters British Auto Industry

Jul 20, 2023 08:47 am UTC| Business Economy

Tata Motors, the parent company of Jaguar Land Rover, has chosen the UK for its new electric vehicle battery plant, planning a landmark 4 billion investment. This significant move is set to generate roughly 4,000 jobs and...

Johnson & Johnson Takes Legal Action Against Biden Administration Over Drug Prices

Jul 20, 2023 07:56 am UTC| Business Economy

Johnson Johnson is joining the other major pharmaceutical company in challenging President Bidens administrations Inflation Reduction Act which gives Medicare more powers to trim down prices of medicines. This week,...

SM Group Plans to Acquire HMM If Price is Not Over $3.5B

Jul 20, 2023 07:37 am UTC| Business Economy

SM Group, formerly known as Samla Midas Group, is reportedly planning to place a bid to acquire HMM Company Limited, a South Korean container transportation and shipping company. However, the companys chairman Woo Oh Hyun...

BTS V Takes on New Role as Cartier's Global Brand Ambassador, Causes Website Crash

Jul 20, 2023 06:58 am UTC| Life Economy Business

French jeweler Cartier has chosen BTSs Kim Tae-Hyung, better known as V, in a striking blend of luxury and pop culture, to be its new global brand ambassador. Not new to the world of high-end fashion, V, already an...

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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...