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Fri, Jul 03, 2026 02:28 AM All times are UTC

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China’s JD.com founder Richard Liu ends sexual assault lawsuit with settlement in the US

Oct 03, 2022 09:52 am UTC| Business Economy

JD.Coms founder Richard Liu has settled his civil lawsuit related to a sexual assault complaint in the United States. The billionaire that owns one of the largest e-commerce platforms in China has resolved the case that...

Stanley Black & Decker lays off 1,000 finance roles

Oct 03, 2022 09:32 am UTC| Business Economy

Stanley Black Decker, a manufacturer of industrial tools and household hardware headquartered in New Britain, Connecticut, has laid off 1,000 jobs in its finance division. Sources who are familiar with the matter said the...

China’s Geely acquires 7.6% stake in UK’s Aston Martin

Oct 03, 2022 09:16 am UTC| Business Economy

Zhejiang Geely Holding Group Co., Ltd has purchased a 7.6% stake in Aston Martin Lagonda Global Holdings PLC, a London-based English manufacturer of luxury sports cars and grand tourers. Prior to this new acquisition, it...

Lindt wins case as Swiss court ordered Lidl to pull out Gold Bunny chocolate

Oct 03, 2022 08:53 am UTC| Business Economy

Lindt Sprngli AG, a Swiss chocolatier and confectionery company, has won a trademark lawsuit against Lidl. The win was revealed the past weekend, and now the court has ordered the latter to cancel the chocolate bunnies it...

Korean Air’s acquisition of Asiana expected to be approved by the UK, US

Oct 03, 2022 08:16 am UTC| Business Economy

Korean Air is in the process of acquiring Asiana Airlines, and the procedure requires approval from several countries competition boards. The flag carrier of South Korea is one of the top 10 largest airlines in the world,...

Nestle to ditch Indonesian palm oil supplier over abuse allegations

Oct 03, 2022 07:48 am UTC| Business Economy

Nestle is reportedly removing Astra Agro Lestari (AAL), an Indonesian palm oil producer, from its list of suppliers. The decision comes after the latter was accused of many rights abuse. Nestle SA vowed to sever its...

Kakao hiking up emoji prices for iOS users

Oct 03, 2022 07:47 am UTC| Business Economy

Kakao is set to raise the prices for its emojis, and this will affect users of iOS operating systems. The price hike was announced after Apple said last month that it would increase the price of in-app items in some...

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Economy

Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence

Moodys believes Perus President-elect Keiko Fujimori is well-positioned to strengthen investor confidence by maintaining economic policy continuity and protecting the countrys key institutions. According to the ratings...

New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease

New Zealand consumer confidence improved in June as inflation expectations declined, signaling a gradual recovery in household sentiment despite overall optimism remaining below pre-oil price spike levels, according to the...

Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer

Brazils government will remove its gasoline subsidy much sooner than the diesel subsidy, opting for a gradual approach to prevent disruptions in the countrys fuel market while maintaining its fiscal-neutrality goals....

Denmark Central Bank Intervenes to Support Krone Peg Against Euro

Denmarks central bank stepped into the foreign exchange market in June for the first time in more than six years to support the Danish krone after the currency weakened to its lowest level against the euro in over 25...

Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations

Gold prices rallied sharply on Thursday, with spot gold climbing more than 2% after a weaker-than-expected U.S. jobs report reduced expectations for additional Federal Reserve interest rate hikes. The softer labor market...

Politics

Russia’s Deadly Kyiv Missile and Drone Attack Kills 27 as Zelensky Urges Faster Air Defense Support

Russia launched one of its largest air assaults on Ukraines capital, Kyiv, overnight, killing at least 27 people, injuring 91 others, and damaging around 130 buildings in the deadliest attack on the city this year....

Russian Attacks Kill Three in Eastern Ukraine as Civilian Casualties Mount

Russian attacks across eastern Ukraine killed at least three people on Thursday, including a seven-year-old child, while several others were injured in strikes targeting multiple regions, according to Ukrainian regional...

DHS Investigates Cyber Breach in Homeland Security Information-Sharing Network

The U.S. Department of Homeland Security (DHS) has launched an investigation into a cybersecurity breach involving an unnamed government information-sharing network, raising fresh concerns about the security of sensitive...

Trump Accounts Now Accept Stock Donations as Treasury Launches New Child Investment Program

Individuals and businesses will soon be able to donate publicly traded stocks to Trump Accounts, the government-backed investment accounts created under President Donald Trumps landmark tax and immigration law, according...

South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan

South Korea signaled heightened vigilance over its currency market on Thursday, with Vice Finance Minister Huh Chang saying the government is maintaining close communication with Japan and other major partners on foreign...

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

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...

Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027

Apple is reportedly preparing one of its most ambitious iPhone product cycles in years, with plans to significantly expand its smartphone lineup through 2027 while increasing production targets for its highly anticipated...

Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production

Samsung Group has unveiled a major investment plan worth 140 trillion won (approximately $90 billion) to strengthen South Koreas technology manufacturing sector, with a strong focus on artificial intelligence (AI),...

Super Micro Employees Detained in Taiwan AI Server Export Investigation

Super Micro Computer (NASDAQ: SMCI) said two employees at its Taiwan subsidiary have been detained pending a court hearing, while two others were released on bail after being questioned in an investigation into the alleged...