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Thu, Jul 02, 2026 05:06 AM All times are UTC

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Unilever sells its Suave brand to Yellow Wood Partners

Feb 15, 2023 09:31 am UTC| Business Economy

Unilever consumer goods company announced this week that its Suave brand in North America has been acquired by Yellow Wood Partners LLC, a private equity firm. The British company confirmed the sale on Tuesday, Feb....

Ford Motor to invest $3.5B for Michigan EV plant in partnership with Chinese firm

Feb 15, 2023 09:30 am UTC| Business Economy

Ford Motor is spending about $3.5 billion to proceed with its plans of building a new plant for the production of batteries for electric vehicles. The American automaker is doing this business in partnership with a Chinese...

Subway confirms it is considering the sale of its business

Feb 15, 2023 08:12 am UTC| Business Economy

Subway sandwich restaurant chain revealed it may sell its business. The company admitted there is a big possibility for the sale and this was shared through an official statement that was published on Tuesday, Feb....

Mattel announces relaunch of popular ‘Barney’ franchise

Feb 15, 2023 08:11 am UTC| Business Economy

Mattel, an American toy manufacturing and entertainment company announced this week that it will bring back its Barney franchise through a relaunch of the brand. The El Segundo, California-based toymaker said the plan...

CJ Olive Young enters Middle East cosmetic market, Wakemake brand gains attention

Feb 15, 2023 07:38 am UTC| Business Economy

CJ Olive Young Co. Ltd. has entered the Middle East cosmetic market after introducing its own Wakemake brand to the region. The company has been targeting consumers in the United Arab Emirates for quite some time now and...

McDonald's creates meal for Cardi B and Offset

Feb 14, 2023 21:13 pm UTC| Life Economy Business

McDonalds will be serving up the first-ever couple duo meal to honor Cardi B and Offsets relationship, beginning Valentines Day. According to the Grammy award-winning Cardi B, now that Offset and she have a...

Fonterra taps Man Energy's technology to reduce CO2 emissions

Feb 14, 2023 21:02 pm UTC| Nature Economy Business

Fonterra has strategically partnered with Man Energy Solutions in utilizing heat pump technology for steam generation in dairy production to reduce CO2 emissions. Man Energy Solutions, which provides engines and...

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Economy

Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report

Asian currencies traded in a narrow range on Thursday as the U.S. dollar remained close to a 13-month high, with investors awaiting the closely watched U.S. nonfarm payrolls report for fresh clues on the Federal Reserves...

US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms

The U.S. labor market is expected to remain resilient in June, although hiring likely slowed from the strong pace recorded over the previous three months. Economists forecast that the upcoming nonfarm payrolls report will...

Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert

Japan is shifting its foreign exchange strategy by abandoning its long-standing practice of warning markets before intervening, opting instead for a more unpredictable approach aimed at catching speculators off guard and...

Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May

Australia recorded an unexpected trade deficit in May after stronger import growth outpaced solid gains in exports, signaling a shift in the countrys trade performance and raising concerns about second-quarter economic...

US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus

U.S. stock index futures traded little changed late Wednesday after Wall Street ended a volatile session lower, as investors looked ahead to the closely watched June nonfarm payrolls report for fresh signals on the Federal...

Politics

EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report

Europes semiconductor industry faces mounting challenges from Chinese export controls, heavy reliance on U.S. technology, and persistent structural weaknesses, leaving the region with a difficult outlook unless it...

NRC Proposes Radiation Rule Changes to Boost U.S. Nuclear Power Expansion Under Trump

The U.S. Nuclear Regulatory Commission (NRC) on Wednesday unveiled a proposal to revise long-standing radiation protection rules, a move that aligns with the Trump administrations broader strategy to accelerate nuclear...

Trump Vows U.S. Will Prevent China From Taking Over the Panama Canal

U.S. President Donald Trump declared on Wednesday that the United States will not allow China to take control of the Panama Canal, underscoring Washingtons continued focus on one of the worlds most strategically important...

US Envoy Urges Taiwan to Build ‘Hornet’s Nest’ Drone Defense Against China

Taiwan should rapidly expand its drone capabilities to strengthen deterrence against potential conflict with China, the top U.S. representative to the island said on Thursday, underscoring growing support for Taipeis...

Trump Dedicates Theodore Roosevelt Museum, Unveils New Air Force One Ahead of America’s 250th Anniversary

President Donald Trump on Wednesday dedicated the Theodore Roosevelt Presidential Library in North Dakota, celebrating the legacy of the 26th U.S. president while tying Roosevelts leadership and patriotism to his own...

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

Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch has reportedly launched a private funding round led by venture capital giant Andreessen Horowitz, aiming to raise approximately $2 billion in fresh capital at a valuation approaching $50...

ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says

Indias ShareChat is preparing for a potential initial public offering (IPO) next year that could raise up to $400 million, according to a Bloomberg News report citing the companys chief financial officer. The move would...

Trump Administration to Launch Voluntary AI Standards for Frontier Models

The Trump administration is preparing to introduce a new set of voluntary standards for advanced artificial intelligence models as early as next week, according to a Financial Times report. The move is expected to provide...

Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain

Apple Inc. is reportedly in advanced discussions to source memory chips from Chinese semiconductor makers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Co. (YMTC), as the company works to secure...

Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google

Meta Platforms (NASDAQ: META) surged 8.8% on Wednesday after a Bloomberg report revealed the company is preparing to enter the cloud infrastructure market by offering excess artificial intelligence (AI) computing capacity...