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Wed, Dec 24, 2025 04:25 AM All times are UTC

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Compliance Disputes Including Russian Assets, Cricket Rights Cause Merger Collapse Between Sony and Zee

Feb 01, 2024 06:10 am UTC| Business

In what can be described as a corporate saga, the anticipated merger between Sony and Zee has been abandoned following disagreements on over 20 compliance matters. Details emerging from internal correspondence indicate...

Amer Sports Embarks on a Challenging US Market Debut

Feb 01, 2024 05:20 am UTC| Business Sports

Despite the uncertainties marred by its deepening ties to the Chinese economy, Amer Sports entered the US stock market on January 31st by raising $1.365 billion in a discounted initial public offering. This figure fell...

Chinese EV Manufacturers Suffer Delays in Deliveries Due to Huawei's Production Snag

Feb 01, 2024 04:51 am UTC| Business

Several prominent Chinese car manufacturers are facing delivery postponements for their top electric vehicles (EVs) due to complications within Huaweis crucial computing unit production chain. The predicament hinges on the...

Silver Hill Energy Partners Acquires Liberty Resources' Oil and Gas Assets

Feb 01, 2024 04:43 am UTC| Business

Silver Hill Energy Partners LP said it has signed definitive agreements with Liberty Resources II, an oil and gas company based in Denver. It will acquire the latters oil and gas properties, rights, and other assets it...

The Messenger Closes Business Less Than a Year After Launch, Employees Facing Dismissal

Feb 01, 2024 04:35 am UTC| Business

The Messenger, a US-based news website founded by Jimmy Finkelstein, announced it is shutting down its news site. The startup struggled to stay afloat even if it was only launched on May 15, 2023. The Messenger said the...

Argentina's President Engages Big Tech with Tinder's Co-Founder

Feb 01, 2024 04:17 am UTC| Business Technology

President Javier Milei seeks to charm the worlds tech sector in a bold initiative to bolster Argentinas economic engagement. He is starting with a notable connection through Tinders co-founder. Mileis Quest for Economic...

Qualcomm Unveils AI-Infused Chips, Boosting Post-Slump Performance

Feb 01, 2024 03:17 am UTC| Business Technology

Qualcomm has announced optimistic financial projections, projecting second-quarter earnings that slightly surpass Wall Streets predictions, supported by its innovative lineup of AI-integrated chips. This buoyancy arises as...

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Economy

Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy

Japan is preparing to issue new government bonds worth approximately $189 billion to help finance a record-breaking national budget for the next fiscal year, according to a draft budget reviewed by Reuters. The move...

BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks

Bank of Japan (BOJ) policymakers actively debated whether to continue raising interest rates toward levels considered neutral for the economy, according to minutes from their October policy meeting released on Wednesday....

Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally

Spot gold surged past the key psychological level of $4,500 per ounce for the first time on Wednesday, marking a historic milestone for the precious metal and reinforcing its status as a preferred safe-haven asset. The...

Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs

Asian shares edged higher on Wednesday, rounding off a strong finish to 2025 as artificial intelligence-driven optimism continued to fuel global equity markets. The positive momentum followed an overnight rally on Wall...

U.S. Stock Index Futures Steady After S&P 500 Hits Record on Strong Economic Data

U.S. stock index futures were little changed on Tuesday evening following a record-setting close for the SP 500, as stronger-than-expected economic growth data continued to bolster confidence in the U.S. economy. Market...

Politics

DOJ Releases New Epstein Files Detailing Alleged Trump Flights on Private Jet

A newly released batch of Jeffrey Epstein-related documents from the U.S. Department of Justice has renewed scrutiny around former President Donald Trumps past social ties to the late financier, according to emails and...

U.S. Coast Guard Faces Resource Strain as It Pursues Venezuela-Linked Oil Tanker

The U.S. Coast Guard is waiting for specialized reinforcements before deciding whether to board and seize a Venezuela-linked oil tanker it has been pursuing since Sunday, according to U.S. officials cited by Reuters. The...

Federal Judge Upholds Trump Administration’s $100,000 H-1B Visa Fee

A federal judge has rejected a legal challenge to President Donald Trumps controversial $100,000 fee on new H-1B visa applications, delivering a significant win for the administrations immigration policy agenda. On...

Trump Administration Recalls Nearly 30 U.S. Ambassadors in Push for “America First” Agenda

The Trump administration has recalled nearly 30 U.S. ambassadors and senior career diplomats from overseas posts, a move officials say aligns embassies more closely with the presidents America First foreign policy, but...

Australia Moves Toward Tougher Gun Laws After Bondi Shooting

Australias most populous state, New South Wales, is set to introduce significantly tougher gun laws alongside new measures targeting terrorism and public protests, following a deadly mass shooting in Sydneys Bondi area....

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...