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Fri, Jul 03, 2026 03:57 PM All times are UTC

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Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Inflation, recession fears and tax cuts: any new UK chancellor faces an unenviable in-tray

Jul 07, 2022 15:59 pm UTC| Insights & Views Economy

The flood of ministerial resignations from UK prime minister Boris Johnsons government in recent days started with Rishi Sunaks resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid...

Ben & Jerry's sues Unilever to stop the sale of its biz in Israel

Jul 07, 2022 09:53 am UTC| Business Economy

Ben Jerrys, the popular ice cream brand, has brought its parent company, Unilever, to court in an attempt to stop the sale of its business in Israel. The British consumer goods company headquartered in London previously...

Juul’s e-cigarette sales ban temporarily suspended by the FDA

Jul 07, 2022 09:02 am UTC| Business Economy

Juul, the American electronic cigarette company, was previously banned from selling its products by the U.S. Food and Drug Administration (USFDA) due to public health-related issues. However, more than two weeks after the...

Netflix, ‘Stranger Things’ Duffer brothers to form a new production company

Jul 07, 2022 08:19 am UTC| Business Economy

Netflix is making new moves to boost its offerings to its subscribers around the world. It was revealed that it will be producing more content based on one of its most popular productions, Stranger Things. As part of...

Asiana Airlines launches its own Asiana Hoppy Lager craft beer

Jul 07, 2022 07:52 am UTC| Business Economy

Asiana Airlines debuted its own craft beer that it has named the Asiana Hoppy Lager. The airline offers the alcoholic beverage to its passengers, and people can also buy them at the CU convenience stores in South...

Subway announces major makeover for its restaurants' menu

Jul 07, 2022 06:43 am UTC| Business Economy

Subway is upgrading its restaurant by introducing a new menu lineup. The move is part of the sandwich companys makeover, which is its most extensive one to date. As per CNN Business, this revamp is so far the largest in...

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Economy

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions

Asian stock markets rebounded sharply on Friday as investors returned to technology shares following a week of heavy selling, while easing geopolitical tensions and growing expectations of Federal Reserve interest rate...

Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook

Oil prices edged lower on Friday as improving global crude supplies and expectations of near-term oversupply continued to pressure the market, while traders reduced bearish positions ahead of the U.S. holiday weekend....

Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears

Gold prices stabilized on Friday as weaker-than-expected U.S. nonfarm payrolls data eased concerns over additional Federal Reserve interest rate hikes, helping bullion recover after recently falling to an eight-month low....

China Services PMI Beats Forecasts as Strong Demand Supports June Growth

Chinas services sector expanded at a faster-than-expected pace in June, highlighting the resilience of the countrys economy despite ongoing challenges in domestic consumption. A private business survey released on Friday...

Politics

US Ambassador Prioritizes Cook Islands Critical Minerals, Warns of China’s Pacific Influence

The United States is placing greater emphasis on securing critical minerals from the Cook Islands, with newly appointed U.S. Ambassador Jared Novelly identifying the resource-rich nation as a key strategic priority while...

Air Force Investigates Officer After Capitol Protest Calling for Trump, Vance Impeachment

The U.S. Air Force has launched an investigation into an active-duty officer who publicly called for the impeachment of President Donald Trump and Vice President JD Vance during a protest outside the U.S. Capitol, drawing...

Venezuela Interim President Defends Earthquake Response as Death Toll Climbs

Venezuelas Interim President Delcy Rodriguez on Thursday strongly defended her governments response to the devastating earthquakes that struck the countrys northern coast, rejecting accusations that officials reacted too...

Taiwan Simulates Chinese Blockade and Invasion in Major Civil Defense Drill

Taiwan has stepped up its civil defense and military preparedness with one of its most comprehensive resilience exercises, simulating a Chinese blockade, cyberattacks, disinformation, infrastructure sabotage, a major...

US Appeals Court Limits ICE Detention Without Bond Hearings After 90 Days

A U.S. federal appeals court ruled that Immigration and Customs Enforcement (ICE) cannot detain migrants for more than 90 days without giving them an opportunity to seek release through a bond hearing, dealing a setback to...

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 Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

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...