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IndiGo Strikes Historic Deal With Airbus, Outstripping Boeing With Record 500-Jet Order

Jun 05, 2023 09:29 am UTC| Economy Business

IndiGo, Indias leading airline, has broken records with a massive deal for 500 A320-family jets from Airbus, surpassing Air Indias previous record of 470. This deal not only propels Airbus ahead of its rival, Boeing, but...

Disney Plus, Hulu Scrap Shows as Walt Disney Reports $1.5B Write-Off Charge

Jun 05, 2023 09:15 am UTC| Business Economy

The Walt Disney Company appears to be in a difficult situation as it has taken a $1.5 billion impairment charge for the deletion of some shows and movies from its Disney Plus and Hulu streaming site. It was reported...

LG Electronics Joins Global RE100 Initiative, Commits to Full Renewable Energy Use by 2050

Jun 05, 2023 09:10 am UTC| Economy Business Nature

LG Electronics has pledged to transition its entire operations to 100% renewable energy by 2050, joining the global RE100 initiative. The South Korean tech giant aims to achieve 60% renewable energy usage by 2030, with...

Kia Motors Enlists Former BMW Designer John Buckingham as New Exterior Design Director

Jun 05, 2023 08:37 am UTC| Business Economy

Kia Motors boosts its design edge with former BMW designer John Buckingham. As their new Design Exterior Director, Buckingham will fortify Kias progressive design philosophy and next-gen vehicle exteriors. Kia Motors is...

Qatar Airways Bids Farewell to First-Class Seats Amid Strategic Shift

Jun 05, 2023 08:06 am UTC| Business Economy

Qatar Airways, Qatars flag carrier, is scrapping its first-class cabin options, paving the way for a streamlined, efficient travel experience. The move marks a significant shift in luxury air travel as the airline phases...

Microsoft Reportedly Removing Activision Blizzard From UK to Fight Acquisition Roadblock

Jun 05, 2023 07:42 am UTC| Business Technology Economy

Microsoft Corporation is reportedly planning to pull out Activision Blizzard from the United Kingdom, which has previously blocked its acquisition deal with the Santa Monica, California-headquartered video game holding...

Coca-Cola, Oriental Brewery, Other Retailers in Korea Shifting to Recycled Plastic to Attract Customers

Jun 05, 2023 06:57 am UTC| Business Economy

Coca-Cola, Oriental Brewery and other retailers in South Korea are upping their efforts to help lessen waste by ditching plastic and opting for recyclable packaging. It was reported that most of these companies are also...

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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...