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Digital Currency Revolution

Cryptocurrency: Binance, CEO Changpeng Zhao Sued by US SEC for Alleged Securities Law Violations

Jun 06, 2023 08:27 am UTC| Business Digital Currency Investing

Binance Holdings Ltd. has been sued by the U.S. Securities and Exchange Commission for allegedly violating investment laws in the country. The financial regulators said the crypto company misused funds and engaged in a web...

CEO: It Doesn't Make Sense for Ferrari to Buy Other Supercar Makers

Jun 06, 2023 08:16 am UTC| Life Economy Business

Ferrari CEO Benedetto Vigna reveals the companys strategic focus on partnerships and in-house innovation rather than acquiring other sports car makers. The luxury car brand aims to maintain its DNA while actively exploring...

Burger King Unveils Plant-Based 'Burgerrito' in Menu Expansion; Peter Perdue Promoted to COO

Jun 06, 2023 08:04 am UTC| Life Economy Business

Burger King is spicing up its menu with a test run of the Burgerrito, a plant-based burger featuring a blend of beans, corn, and Mexican spices, priced at $5.75. This move caters to the growing demand for non-meat options,...

Spotify Slashes Podcast Team: 200 Jobs Cut in Strategic Realignment

Jun 06, 2023 07:49 am UTC| Business Economy

Spotify announced Monday the layoff of 200 employees, affecting its podcast division in a significant strategic realignment. This accounts for two percent of the global workforce, part of a bid to enhance partnerships with...

Digital Currency Revolution

Warner Bros. Launches NFT Bundles of Iconic 'Superman: The Movie'; Unveils Interactive Web3 Experience

Jun 06, 2023 07:23 am UTC| Business Digital Currency Investing

Warner Bros. is offering limited-edition NFT bundles of the 1978 classic, Superman: The Movie, accompanied by an innovative Web3 Movie experience. The company is also aiming to provide the Superman Web3 Movie experience...

China Gezhouba Group to Drive Renewable Energy Potential in Azerbaijan: Landmark Agreement Signed

Jun 06, 2023 07:10 am UTC| Nature Economy Business

China Gezhouba Group and Azerbaijans government partner to assess utility-scale solar, wind energy, and integrated smart energy system investments, targeting a 2 GW development by 2025. The meeting between Azeri energy...

General Motors Invests Over $1B in Flint Facilities for Next-Gen Heavy-Duty Pickup Production

Jun 06, 2023 06:57 am UTC| Business Economy

General Motors has announced a $1 billion investment to equip its Flint, Michigan manufacturing facilities for the production of next-gen internal combustion heavy-duty pickups. This strategic move bolsters GMs competition...

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Economy

BOJ Rate Hike to 1% by June in Focus as Inflation and Weak Yen Pressure Mount

The Bank of Japan (BOJ) is increasingly expected to raise its key interest rate to 1% by the end of June, according to a recent Reuters poll of economists. The shift in forecasts reflects growing concerns about rising...

Sanae Takaichi Seeks Market Trust as Japan Weighs Spending and Tax Cuts

Japanese Prime Minister Sanae Takaichi is preparing to defend her proactive fiscal policies as parliament begins deliberations on her flagship spending and tax cut plans next week. While Takaichi has pledged to boost...

RBNZ Signals Potential Interest Rate Hike as Inflation Outlook Remains Uncertain

New Zealands central bank has indicated that the next move in interest rates is likely to be upward, although economic uncertainty continues to cloud the timing. Karen Silk, Assistant Governor of the Reserve Bank of New...

Oil Prices Ease After 4% Surge as U.S.-Iran Tensions and Supply Risks Remain in Focus

Oil prices edged lower during early Asian trading on Thursday, retreating slightly after a sharp 4% rally in the previous session. Investors are closely monitoring rising geopolitical tensions between the United States and...

Asian Markets Rise on Tech Rally as Oil and Gold Hold Firm Amid Fed and Geopolitical Tensions

Asian stock markets advanced on Thursday, buoyed by a renewed rally in U.S. technology shares, while geopolitical tensions between the United States and Iran supported oil prices and sustained safe-haven demand for gold....

Politics

Trump Says U.S. Trade Deficit Shrinking Sharply as 2026 Trade Surplus Looms

U.S. President Donald Trump said Wednesday that Americas trade deficit has narrowed significantly due to his 2025 trade tariffs, adding that the country could post its first trade surplus in decades as early as this year....

Lavrov Warns of Serious Consequences if U.S. Launches New Strike on Iran

Russian Foreign Minister Sergei Lavrov has warned that any new U.S. strike on Iran would trigger serious consequences and further destabilize the Middle East. In an interview aired by Saudi Arabias Al-Arabiya television...

U.S. Military Delegation Visits Venezuela After Maduro’s Arrest in Rare Diplomatic Shift

A senior U.S. military delegation led by General Francis Donovan, the top commander overseeing U.S. forces in Latin America, made a surprise visit to Venezuela on Wednesday, marking a significant development in...

South Korean Court to Deliver Landmark Verdict in Yoon Suk Yeol Insurrection Case

A South Korean court is set to deliver a pivotal ruling on whether former President Yoon Suk Yeol masterminded an insurrection during his controversial attempt to impose martial law in December 2024. The decision by the...

Putin Condemns New U.S. Sanctions on Cuba, Pledges Russian Support

Russian President Vladimir Putin met Cuban Foreign Minister Bruno Rodriguez at the Kremlin on Wednesday, strongly criticizing newly imposed U.S. restrictions on Cuba and reaffirming Moscows support for the island nation....

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

Mark Zuckerberg Testifies in Youth Social Media Addiction Trial Over Instagram Policies

Meta Platforms CEO Mark Zuckerberg testified in a landmark Los Angeles trial addressing allegations that Instagram and YouTube contributed to youth social media addiction and harmed a young users mental health. The...

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...