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Mon, Sep 28, 2026 04:21 AM All times are UTC

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Starbucks Emerges Victorious in Trade Secret Lawsuit Over Coffee-Flavored Lip Balm

Jul 28, 2023 06:09 am UTC| Business Life Economy

A federal judge has dismissed a 2019 lawsuit against Starbucks, filed by Balmuccino LLC, accusing the coffee giant of stealing its coffee-flavored lip balm trade secrets. The judge ruled that Balmuccino LLC waited too long...

McDonald's Announces 'CosMc,' A Spinoff Restaurant Inspired by Vintage Mascot from 80s McDonaldland

Jul 28, 2023 04:54 am UTC| Business Economy Life

McDonalds is gearing up to introduce CosMc, a unique spinoff restaurant concept centered around the once-popular McDonaldland mascot, CosMc. The nostalgic move, revealed during their second-quarter earnings call, follows a...

Volkswagen Forges Strategic Partnership with Xpeng, Plans Dual EV Release for Chinese Market

Jul 27, 2023 10:28 am UTC| Business Economy Technology

German car giant Volkswagen AG has inked a strategic partnership with Chinese EV manufacturer Xpeng, with plans to develop two new electric vehicles tailored to the Chinese market. The agreement, which includes a 4.99%...

Dish Network, Amazon Announce Collaboration for Wireless Services in the US

Jul 27, 2023 10:08 am UTC| Business Economy

Dish Network Corporation revealed on Wednesday, July 26, that its Boost Infinite postpaid wireless brand has signed an agreement with Amazon.com for a partnership deal. The parties agreed that the e-commerce retailer would...

Adidas, Puma Revive '70s 'Terrace' Styles: Outflanking Nike in Summer Shoe Wars?

Jul 27, 2023 10:07 am UTC| Economy Life Sports Business

Adidas and Puma, renowned German sportswear firms, are capitalizing on the growing global trend for vintage low-rise rubber-soled terrace sneakers, potentially outpacing Nike this summer. This resurgence, anchored in 1970s...

Big Seven Automakers Unite to Rival Tesla with Massive North American EV Charging Network

Jul 27, 2023 09:40 am UTC| Economy Investing Nature Business

Seven leading automakers, including General Motors, BMW, and Honda, are joining forces to double North Americas fast-charging infrastructure for electric vehicles (EVs), seeking to rival Teslas prominent network. This...

Gap Hires Mattel Executive to Lead Company’s Turnaround Plans as New CEO

Jul 27, 2023 09:18 am UTC| Business Economy

Gap Inc. announced it has tapped a former Mattel executive to be its new chief executive officer. The American clothing and accessories retailer said it hired Richard Dickson, the president and chief operating officer at...

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Economy

China, US Extend Trade Truce Through January 10 After Trump-Xi Summit

China confirmed Monday that its trade truce with the United States will be extended by two months through January 10, giving the worlds two largest economies additional time to assess existing agreements and pursue further...

Australia Budget Deficit Narrows to A$22.3 Billion on Stronger Tax Revenue

Australia recorded a final budget deficit of A$22.3 billion ($15.65 billion) for the financial year ending June 2026, outperforming earlier government forecasts as stronger tax revenue and lower spending improved the...

China Industrial Profit Growth Slows as Weak Demand Offsets AI Gains

Chinas industrial profit growth lost momentum in August as persistent weakness in domestic demand outweighed strong gains in technology manufacturing driven by the artificial intelligence boom. Profits at major Chinese...

RBA Set for September Rate Hike as Inflation Stays High

The Reserve Bank of Australia is widely expected to raise interest rates by 25 basis points on September 29 as persistent inflation and surging energy prices reinforce expectations for tighter monetary policy. The RBA is...

Asian Chip Stocks Tumble as OpenAI Safety Pause Sparks AI Growth Concerns

Asian semiconductor stocks fell sharply on Monday as fresh concerns about the pace of artificial intelligence development pressured major chipmakers across South Korea, China and Japan. South Koreas SK Hynix dropped 4.8%,...

Politics

Russian Bomb Strike on Kharkiv Injures 22, Including Children

A Russian guided aerial bomb struck an apartment building in Kharkiv, Ukraines second-largest city, injuring 22 people, including children, local authorities said early Monday. Kharkiv Mayor Ihor Terekhov reported the...

Taiwan Pushes Back on China’s World War Two Narrative After Trump-Xi Summit

Taiwan is challenging Beijings portrayal of World War Two history after Chinese President Xi Jinping and U.S. President Donald Trump emphasized the wartime partnership between China and the United States during Xis state...

South Korea Demands Ukraine Apology Over North Korean POW Disclosure

South Koreas presidential office has demanded an official explanation and apology from Ukraine over the disclosure of the transfer of two captured North Korean soldiers to Seoul, accusing Kyiv of breaching a...

Swiss Voters Reject Stricter Neutrality Rules in Referendum

Swiss voters overwhelmingly rejected a proposal to impose stricter constitutional rules on the countrys long-standing neutrality, preserving Switzerlands ability to adopt economic sanctions and cooperate with international...

UK Police Arrest Five in RAF Fairford Terror Probe

British counterterrorism police arrested five men near RAF Fairford on Sunday on suspicion of terrorism and explosives offences after authorities received reports of suspicious vehicles heading toward the military air...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

TSMC Accelerates 2nm Expansion as AI Chip Demand Surges

Taiwan Semiconductor Manufacturing Co. (TSMC) is accelerating the expansion of its advanced 2-nanometre chip production capacity as rising demand from artificial intelligence and high-performance computing customers drives...

Morgan Stanley Raises TD Synnex Price Target to $359 on Strong AI Demand

Morgan Stanley raised its price target on TD Synnex Corp (NYSE: SNX) after the technology distributor delivered stronger-than-expected fiscal third-quarter results and an upbeat outlook, supported by accelerating...

OpenAI, Anthropic CEOs Summoned to Australia AI Inquiry

OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have been asked to appear before an Australian Senate inquiry into artificial intelligence following revelations that an OpenAI agent accessed the countrys Medicare...

OpenAI AI Agents Bypassed UN Website Controls in Data Scraping

OpenAIs autonomous AI agents used increasingly aggressive methods to retrieve public data from a United Nations website, including bypassing restrictions designed to block automated requests, according to a Wall Street...

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...