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Tue, Sep 29, 2026 01:40 AM All times are UTC

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Majority of F1 teams against grid's expansion, questions Cadillac's intentions of joining

Jan 09, 2023 22:07 pm UTC| Sports Economy Business

A strong majority of the Formula 1 grid is against adding new teams as it would reduce revenues for existing members. Furthermore, Cadillacs intention of not bringing a full-manufacturer commitment to Formula 1, with...

Golden State Warriors owner Joe Lacob expresses interest in acquiring LA Angels

Jan 09, 2023 21:45 pm UTC| Sports Economy Business

Golden State Warriors majority owner Joe Lacob expressed interest in acquiring Major League Baseballs (MLB) Los Angeles Angels. Lacob, who bought the NBAs Warriors in 2010 for US$450 million, confirmed he is looking at...

SK On may withdraw from its battery venture deal with Ford Motor

Jan 09, 2023 10:01 am UTC| Business Economy

SK On, the South Korean electric vehicle battery maker, is thinking of pulling out from its deal with Ford Motor Co. The two companies previously agreed to a joint battery venture, and they are set to build a plant in...

Lotte Group, Meritz Securities join forces to solve Lotte E&C’s debt crisis

Jan 09, 2023 09:47 am UTC| Business Economy

Lotte Group has teamed up with Meritz Securities Co. to address the debt mess which Lotte EC is facing. The two set up a KRW1.5 trillion joint fund to support the struggling engineering and construction company, which is...

McDonald’s bares reorganization plans and job cuts to focus on expansion

Jan 09, 2023 08:29 am UTC| Business Economy

McDonalds may undergo reorganization, and job cuts may also be on the cards. It was reported that the fast-food chains chief executive officer, Chris Kempczinski, already told employees about the plans on Friday, Jan. 6,...

Naver completes acquisition of Poshmark online marketplace for $1.2 billion

Jan 09, 2023 08:12 am UTC| Business Economy

Naver Corp. has officially acquired Poshmark, a US-based online marketplace that allows users to buy and sell both brand-new and secondhand goods, including electronic items. The South Korean internet company recently...

Dell plans to stop using China-made chips by 2024

Jan 09, 2023 08:02 am UTC| Business Economy

Dell Technologies Inc. is reportedly planning to phase out chips from China and hopes to achieve this by next year. The company was said to have told its suppliers to minimize and lessen the number of China-made components...

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Economy

U.S. Stock Futures Steady as AI, Rate Concerns Weigh

U.S. stock futures were little changed Monday evening after Wall Street fell under pressure from elevated Treasury yields, concerns about slowing artificial intelligence development and persistent geopolitical tensions...

Gold Plunges 4% as Treasury Yields Surge and Fed Rate Hike Bets Rise

Gold prices tumbled nearly 4% on Monday as surging U.S. Treasury yields, a stronger dollar, rising oil prices and growing expectations for additional Federal Reserve interest rate hikes pressured precious metals. Spot gold...

South Korea Exports Set for 16th Monthly Gain on AI Chip Demand

South Korean exports are expected to increase for a 16th consecutive month in September, supported by strong semiconductor demand fueled by global artificial intelligence investment, according to a Reuters poll released...

Oil Prices Jump Nearly 3% as Iran Holds Firm on Hormuz Conditions

Oil prices surged on Monday as tensions between the United States and Iran fueled concerns over prolonged disruption to the Strait of Hormuz, a critical route for global energy supplies. Brent crude futures for November...

Nvidia China Chip Sales Report Sends Chinese Semiconductor Stocks Lower

Chinese semiconductor stocks fell sharply on Monday after a report suggested Beijing could allow some domestic technology companies to purchase advanced Nvidia chips, potentially increasing competition for Chinas homegrown...

Politics

UN Experts Urge US to Halt Third-Country Migrant Deportations

More than a dozen United Nations human rights experts have called on the U.S. government to halt its third-country migrant deportation policy, warning that the practice could expose vulnerable people to torture,...

Judge Blocks Trump Election Conditions on Counterterrorism Grants

A U.S. federal judge on Monday blocked the Trump administration from tying counterterrorism funding for state and local governments to changes in election administration, rejecting an effort to use federal security grants...

Denmark Expects Long-Term NATO Presence in Greenland, Arctic

Denmark expects NATO to maintain an expanded military presence in Greenland and across the Arctic for the long term following a new security agreement with the United States, Danish Defence Minister Jeppe Bruus said on...

Senate Democrats Say Tether USDT Helps Iran Evade Sanctions

Tethers USDT stablecoin has become an important tool in Irans alleged sanctions-evasion network, according to a new report from Democratic staff on the U.S. Senate Permanent Subcommittee on Investigations. The report...

California Bans Memecoins Issued by Public Officials Under New Law

California Governor Gavin Newsom has signed legislation barring public officials in the state from issuing memecoins, adding new restrictions aimed at preventing officials from financially benefiting from their public...

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

Anthropic Targets $2 Trillion Valuation in Planned IPO

Anthropic is preparing for a highly anticipated initial public offering that could value the artificial intelligence company at more than $2 trillion, putting investor enthusiasm for the booming AI sector and its massive...

Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure

Samsung Electronics and five affiliates are investing a combined $1 billion in Helix Digital Infrastructure, a new artificial intelligence infrastructure company backed by investment firm KKR, as Samsung expands deeper...

CSL Partners With AWS to Bring AI Into Drug Research

CSL has entered into a partnership with Amazon Web Services (AWS) to integrate artificial intelligence and cloud computing across its research and clinical development operations, aiming to accelerate drug discovery and...

OpenAI Scraps GPT-6.1 Astra Launch Over Safety Concerns

OpenAI has canceled the planned release of GPT-6.1 Astra after internal testing raised concerns about the artificial intelligence models safety, alignment and ability to stay within authorized boundaries. The...

Pi Network Price Holds $0.087 as Protocol 28 Mainnet Upgrade Nears

Pi Network price traded around $0.0886 on September 28 as investors looked ahead to the Protocol 28 Mainnet upgrade scheduled for October 16. PI remained below the key $0.10 level amid broader weakness across the...