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

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TikTok Muscles Into Music Streaming, Challenges Spotify, Apple Music With Global Expansion

Jul 26, 2023 10:05 am UTC| Business Technology Economy

TikTok, the global sensation in video-sharing, is broadening its horizons with a foray into music streaming. This week, the Chinese platform unveiled TikTok Music, a direct competitor to industry giants like Apple Music...

Banc of California to Acquire PacWest; Merger Deal to Save Banking Company from Possible Collapse

Jul 26, 2023 09:54 am UTC| Business Economy

Banc of California is set to acquire its rival, PacWest Bancorp, via a merger deal. In a joint announcement published on Tuesday, July 25, the banks said the agreement is worth $400 million. CNN Business reported that...

Kellogg Company Advances Split Plan: Files Form 10 for Cereal Spin-Off, Reveals Kellanova, WK Kellogg Co

Jul 26, 2023 09:49 am UTC| Economy Life Business

The Kellogg Company takes a critical stride in its division plan, filing a Form 10 registration statement with the US SEC to spin off its North American cereal business, WK Kellogg Co, into a separate public entity. This...

Kia Revamps Best-Selling Sorento SUV, Heating Up Korean Rivalry with Toyota's New Highlander

Jul 26, 2023 09:28 am UTC| Economy Life Business

Kia Corp. is set to intensify the rivalry in the Korean automotive market with its newly unveiled Sorento facelift, ramping up competition against Toyotas latest Highlander. The remodeled Sorento, Koreas top-selling...

Levi's Launches One of Asia's Largest Stores in Manila: A Milestone in its Asian Expansion Strategy

Jul 26, 2023 07:49 am UTC| Economy Life Business

Levis has intensified its footprint in Asia by launching one of its largest stores at SM North EDSA in the Philippines, signifying a critical advancement in its direct-to-consumer expansion strategy. The store, showcasing...

TSMC to Build New $2.9B Chip Plant in Taiwan Amid Soaring AI Demand

Jul 26, 2023 07:26 am UTC| Business Economy Technology

Taiwan Semiconductor Manufacturing Company (TSMC) is committing $2.9 billion to a new advanced chip packaging plant in Taiwan, aiming to capitalize on surging global demand for AI chips and to support major clients like...

McDonald's Japan Bans Local Middle School Students in Tana, Sagamihara Amid Behavioral Issues

Jul 26, 2023 06:54 am UTC| Economy Life Business

The Sagamihara Tana McDonalds, popular among Tana Middle School students, has implemented a controversial ban prohibiting these students from entering the restaurant due to disruptive behavior, mirroring a similar move by...

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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...