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Hitachi and Toshiba Consortium Wins ¥124 Billion Order For High-Speed Trains For Taiwan

May 22, 2023 21:15 pm UTC| Economy Business

Hitachi Toshiba Supreme Consortium (HTSC) has been awarded an order worth approximately 124 billion yen to build 12 sets of new-generation high-speed trains consisting of 144 cars by Taiwan High-Speed Rail Corporation...

Costa Coffee Releases Matcha Espresso Latte in Japan

May 22, 2023 21:03 pm UTC| Life Economy Business

Costa Coffee in Japan will release the bottled Matcha Espresso Latte, which combines the sharp taste of 100 percent domestically grown matcha with Costa Coffees rich espresso, rounded out with creamy milk. Though its...

Lactalis Nestlé Debuts HFSS compliant Milkybar Gold Créme Dessert

May 22, 2023 20:52 pm UTC| Life Health Economy Business

Lactalis Nestlé Chilled Desserts UK will debut its Milkybar Gold White Chocolate Caramel Crème dessert, the first HFSS compliant crème dessert to market in the UK chilled desserts category The...

PepsiCo To Convert Used Oil Into Biofuel To Power Fleet of Torries

May 22, 2023 20:48 pm UTC| Nature Economy Business

PepsiCo will convert over 40,000 liters of used oil into hydrotreated vegetable oil (HVO) at its snack plant in Burgos, Spain, which will power the companys fleet of lorries that transport PepsiCo products. The HVO use...

Siemens Energy Nears Deal To Sell 32% Stake in Windar Renovables

May 22, 2023 20:38 pm UTC| Economy Business

Siemens Energy AG will sell its 32% stake in Spanish wind turbine towers maker Windar Renovables to British investment firm Bridgepoint Group. Windar Renovables is a joint venture between Siemens Energy and the Spanish...

Hotel Lotte to Open Lifestyle Hotel, Aquarium in Hanoi in August

May 22, 2023 16:52 pm UTC| Life Economy Business

Hotel Lotte Co. will launch a lifestyle hotel and aquarium in the soon-to-open 128,900-square-meter shopping complex, Lotte Mall Westlake Hanoi. The five-star boutique hotel brand, L7 Hanoi, with a French-colonial...

Vegan Fast-Food Chain Odd Burger To Open 150 Restaurants in India, Singapore

May 22, 2023 16:31 pm UTC| Life Economy Business

Vegan fast-food chain Odd Burger will open a corporate flagship location in Mumbai by the end of this year and is aiming to roll out 145 locations in India and five stores in Singapore over the next 10 years. The...

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Economy

Asian Currencies Slide as Strong US Dollar and Hawkish Fed Pressure Regional FX Markets

Asian currencies weakened on Thursday as a stronger US dollar and hawkish signals from Federal Reserve officials weighed on regional foreign exchange markets. The South Korean won and Indian rupee led losses, while the...

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...

Politics

Bill Gates Pulls Out of India’s AI Impact Summit Amid Controversy and Event Mismanagement

Bill Gates withdrew from Indias AI Impact Summit just hours before his scheduled keynote address, dealing a major setback to the high-profile artificial intelligence event in New Delhi. The Gates Foundation confirmed that...

Trump Convenes Board of Peace as $5 Billion Gaza Reconstruction Fund Announced

U.S. President Donald Trump will chair the first meeting of his newly formed Board of Peace on Thursday, placing the future of Gaza reconstruction and regional stability at the center of global attention. The high-profile...

Peru Elects Jose Balcazar as Interim President Ahead of April General Elections

Peruvian lawmakers have elected veteran left-wing legislator Jose Balcazar as the countrys new interim president, marking Perus eighth president in just eight years and underscoring the nations ongoing political...

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...

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

OpenAI Nears $100 Billion Funding Round at $850 Billion Valuation: Bloomberg Report

OpenAI is reportedly close to completing the first phase of a massive new funding round expected to raise more than $100 billion, according to a Bloomberg report citing sources familiar with the matter. The deal could push...

Microsoft Responds to ICE Surveillance Concerns Amid Azure Cloud Expansion

Microsoft said Wednesday it does not believe U.S. Immigration and Customs Enforcement (ICE) is using its technology for mass surveillance of civilians, following a report that the agency significantly expanded its use of...

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...