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Tue, Sep 29, 2026 12:15 PM All times are UTC

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TikTok steps up e-commerce biz with plans to open warehouses in the US

Oct 12, 2022 09:34 am UTC| Business Economy

TikTok is stepping up its game in the e-commerce market, and this was revealed after it posted a job recruitment announcement for a role that will support its new warehousing and logistics facilities in the United...

General Motors launches GM Energy to link homes, businesses with EV chargers and energy storage

Oct 12, 2022 09:12 am UTC| Business Economy

General Motors announced the launch of its new business, which it named GM Energy. The company created the new unit with the aim of connecting homes and businesses to EV chargers and energy storage. General Motors...

Intel to slash thousands of jobs as PC sales slowed down

Oct 12, 2022 08:08 am UTC| Business Economy

Intel Corporation is reportedly planning to lay off thousands of employees as sales of personal computers have significantly slowed down. The tech company headquartered in Santa Clara, California, may announce the job cuts...

Nissan withdraws from the Russian market as it decided to flee over the Ukraine invasion

Oct 12, 2022 07:01 am UTC| Business Economy

Nissan Motor Company Ltd. is leaving Russia, and this will mark the end of its business in the country. As the Japanese carmaker pulls out of the country, it will be selling all its assets to the state and is likely to...

Samsung Biologics inaugurates the largest biopharma CDMO plant in the world

Oct 12, 2022 06:49 am UTC| Business Economy

Samsung Biologics just opened the largest Contract Development and Manufacturing Organization (CDMO) plant in the world, and it is located in Incheon, South Korea. The biotech firm is now hoping that through its new...

Mercedes F1's profits increase by $61 million in 2021

Oct 11, 2022 23:39 pm UTC| Sports Economy Business

Mercedes Formula One team increased its profits by $61 million in 2021, based on its published accounts for the 2021 season. The Brackley-based team largely attributed the increase in turnover to higher sponsorship and...

Burger King in Germany found to have served out-of-date bacon, had mice infestations

Oct 11, 2022 23:38 pm UTC| Health Economy Business Life

Some Burger King restaurants in Germany have been shut down after they were found to have served out-of-date products, had mouse infestations, and cooked vegan patties in the same oil as chicken, according to a TV...

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Economy

RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise

The Reserve Bank of Australia raised interest rates by 25 basis points on Tuesday, taking borrowing costs to their highest level in nearly 15 years as policymakers respond to persistent inflation and rising energy prices....

Asian Stocks Fall as Bond Yields and Oil Prices Surge

Asian stock markets fell broadly on Tuesday as surging U.S. Treasury yields, elevated oil prices and renewed pressure on technology shares dampened investor sentiment. Markets also awaited the Reserve Bank of Australias...

Asian Currencies Mixed as Yen Weakens, RBA Hike Looms

Asian currencies traded mixed on Tuesday, with the Japanese yen weakening toward recent lows as investors weighed intervention risks and the Bank of Japans policy outlook. The U.S. dollar remained near a two-month high,...

Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise

Gold prices stabilized near a seven-week low on Tuesday after plunging 4% in the previous session, as elevated oil prices, rising U.S. Treasury yields and expectations for further Federal Reserve rate hikes continued to...

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...

Politics

White House Blames Democrats as CLARITY Act Stalls

The White House and Republican Senator Cynthia Lummis have blamed Senate Democrats for the CLARITY Acts failure to advance, escalating partisan tensions over landmark U.S. cryptocurrency legislation. The Senate voted 49-50...

US Troops Set to Complete Iraq Withdrawal as Iran Influence Grows

US forces are expected to withdraw from their remaining bases in Iraq by Wednesday, completing a departure agreed in 2024 and raising concerns over Irans expanding influence and the potential resurgence of Islamic State....

Malaysia Begins Deportation of 1,500 Myanmar Nationals

Malaysia began deporting about 1,500 Myanmar nationals on Tuesday under a repatriation programme that has drawn objections from the United Nations and human rights organisations over safety concerns in conflict-hit...

Trump Denies Offering Iran Sanctions Relief for Nuclear Concessions

U.S. President Donald Trump on Monday denied reports that his administration had offered Iran sanctions relief and access to frozen funds in exchange for concessions on Tehrans nuclear program. This is untrue. I offered...

Rubio Warns Cuba to Change Course as US Pressure Mounts

U.S. Secretary of State Marco Rubio said Washington hopes Cuba will pursue a different path, warning that Cuban officials should not expect to simply wait out President Donald Trumps administration without making changes....

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...