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Monster Beverage Corp. Wins Approval to Acquire Rival Bang Energy for $362M Amid Bankruptcy Battle

Jul 14, 2023 09:48 am UTC| Life Economy Business

Monster Beverage Corp. has been granted court approval to acquire Bang Energy for $362 million, ending the rivals litigation in Chapter 11 bankruptcy, Bloomberg reports. The decision, while still pending Federal Trade...

Hanssem Replaces CEO, Names Eugene Kim as New Chief to Deal with Performance Crisis

Jul 14, 2023 09:42 am UTC| Business Economy

Hanssem Co. Ltd., a Korea-based company that makes and sells home furniture, just replaced its chief executive officer to improve the companys performance. It appointed Eugene Kim to lead the group and work on increasing...

Domino's Pizza Group Taps Andrew Rennie as New CEO After Eliad Diaz Sese Steps Down

Jul 14, 2023 09:41 am UTC| Business Economy

Dominos Pizza Group names seasoned industry veteran Andrew Rennie as its new CEO, succeeding Eliad Diaz Sese, who will transition to a non-executive director role. Rennie, known for his successful stint in Dominos major...

Chipotle Pilots 'Autocado' Robot for Guacamole Production Amid Industry Labor Shortages

Jul 14, 2023 09:37 am UTC| Business Economy

Chipotle Mexican Grill Inc. has partnered with Vebu Labs to test Autocado, a robot designed to automate guacamole preparation. In an effort to streamline operations and combat labor shortages, the Autocado could...

Hyundai Unleashes Ioniq 5 N at Goodwood Festival, Signaling Electric Future

Jul 14, 2023 08:46 am UTC| Economy Business Life Nature

Hyundai Motor Co. takes a pivotal leap toward its future mobility vision, premiering the highly anticipated Ioniq 5 N at Britains esteemed 2023 Goodwood Festival of Speed. The groundbreaking vehicle merges Hyundais E-GMP...

Mercedes-Benz, Soex Launch Shoe Recycling Initiative to Combat Annual Waste

Jul 14, 2023 06:57 am UTC| Economy Business Nature

Mercedes-Benz Group is addressing shoe waste head-on, launching a novel recycling initiative in collaboration with Soex, a German textile recycling specialist. The project, estimated to rescue around 25,000 pairs of shoes...

Hana Financial Group Emerges as KDB Life’s Acquisition Preferred Bidder

Jul 14, 2023 06:50 am UTC| Business Economy

Hana Financial Group has been chosen as the preferred bidder for acquiring KDB Life Insurance. The state-owned Korea Development Bank (KDB) announced on Thursday, July 13, that it picked the said insurance firm after...

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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...