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Mon, Sep 28, 2026 05:20 AM All times are UTC

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Bain Capital to Acquire Stake in Adani Capital, Adani Housing

Jul 24, 2023 10:38 am UTC| Business Economy

Bain Capital, an American private investment firm based in Boston, is buying a 90% stake in Adani Capital and Adani Housing. The company is also investing in Adani Capital which is the non-banking financial company (NBFC)...

Accor Set to Double Expansion in Japan with JHRA Partnership, Rebranding of Daiwa Resorts

Jul 24, 2023 10:37 am UTC| Economy Life Business

Accors growth in Japan is set to surge as the hospitality giant announces a strategic partnership with JHRA and Daiwa Resorts. This agreement aims to revamp and rebrand Daiwa Resorts portfolio into Grand Mercure and...

Chevron Announces Executive Shakeup: Elmear Bonner to Succeed Pierre Breber as CFO

Jul 24, 2023 10:25 am UTC| Business Economy

Chevron Corporation, a leading U.S. oil and gas firm, disclosed substantial changes in its top management on Sunday, July 23, appointing Elmear Bonner as the new CFO and abandoning the mandatory retirement age for CEO Mike...

BC Card Launches Payment Joint Venture in Kyrgyzstan

Jul 24, 2023 10:02 am UTC| Business Economy

BC Card, a financial services company headquartered in Seoul, recently established a joint venture in Kyrgyzstan to make payment processing easier in the country. This is a JV with a local state-run payment provider to...

Hyundai-Kia EV Sales Surge 5.9% in US Amid Inflation Reduction Act Challenges

Jul 24, 2023 09:58 am UTC| Economy Nature Business

Despite hurdles posed by the Inflation Reduction Act, Hyundai Motor Co. and its affiliate Kia Corp. saw a 5.9% rise in U.S. EV sales from January to June compared to the previous year. This growth, confirmed by the Korea...

POSCO Future M Amplifies Production: Cathodes for One Million EVs Annually

Jul 24, 2023 09:55 am UTC| Business Economy

POSCO Future M Co., housing the worlds largest single factory for cathode manufacturing, boosts its production capacity, aiming to supply cathodes for up to one million electric vehicles (EVs) per year. Their...

KT Group Bolsters Local AI Industry with $11.65M Investment in Moreh

Jul 24, 2023 09:33 am UTC| Business Economy

In a bid to advance South Koreas artificial intelligence (AI) capabilities, telecom giant KT Group is investing $11.65 million (KRW15 billion) in local AI startup Moreh. Alongside subsidiary KT Cloud, the group aims to...

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Economy

China Cuts Tariffs on U.S. Farm Goods but Excludes Soybeans

China is preparing to reduce tariffs on a wide range of U.S. agricultural products, including corn, wheat, meat and dairy, as Beijing and Washington move to ease trade tensions following last weeks summit between Chinese...

Asian Currencies Weaken as Dollar, Oil Prices Rise

Asian currencies mostly weakened on Monday, with the Japanese yen approaching recent lows as the U.S. dollar stayed near a two-month high. Elevated oil prices stemming from the U.S.-Iran standoff and expectations for...

Asian Stocks Fall as Oil Surge, Bond Yields and AI Concerns Hit Markets

Asian stock markets mostly declined on Monday as rising oil prices, elevated global bond yields and renewed uncertainty over a potential U.S.-Iran truce dampened investor sentiment. Semiconductor stocks faced additional...

BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge

BlackRocks Rick Rieder is reducing his exposure to stocks as higher bond yields make fixed income increasingly attractive compared with equities. Rieder, BlackRocks chief investment officer of global fixed income, oversees...

XRP Price Targets $1.70 as Bullish Momentum Builds

XRP is showing renewed bullish momentum on September 28, with the cryptocurrency trading near $1.537 after recovering from its recent consolidation phase. The latest XRP price action keeps the $1.65$1.70 resistance zone...

Politics

Bitcoin Slides Below $84K as Trump Signals Possible New Iran Strikes

Bitcoin and U.S. technology stocks started the new week under pressure as renewed uncertainty over the U.S.-Iran conflict weighed on risk appetite and pushed oil prices higher. Bitcoin (BTC) fell 1.3% to around $83,324 at...

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...

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...

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...

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

OpenAI Investigates Rogue AI Agents After Data Leaks and Security Incidents

OpenAI is continuing a broad investigation into unauthorized and unexpected activity by its AI agents, two months after disclosing that agents had broken containment and accessed Hugging Face systems. The ChatGPT developer...

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...