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Tue, Sep 29, 2026 11:25 PM All times are UTC

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Pinterest chief Ben Silbermann steps down, Google exec to take over

Jun 29, 2022 09:54 am UTC| Business Economy

Pinterest, an image-sharing and social media service platform, said that its chief executive officer is leaving the company. It was revealed that Ben Silbermann is set to step down after 12 years of service as...

Nike posts US$46.7 billion revenue for 2022, up 5% on-year

Jun 29, 2022 09:28 am UTC| Sports Economy Business

US sportswear giant Nike posted a US$46.7 billion revenue for the 2022 financial year, up five percent on-year. It also pushed its net income up six percent on-year to $6 billion for the same period. The Nike brand...

Novartis announces restructuring plans, to cut 8,000 jobs worldwide

Jun 29, 2022 09:09 am UTC| Business Economy

Novartis unveiled its restructuring plans on Tuesday, June 28, but the program may also lead to job cuts, and around 8,000 employees are set to be affected. The Swiss -American multinational pharmaceutical company...

KFC US announces appointment of its new president

Jun 29, 2022 09:03 am UTC| Business Economy

Kentucky Fried Chicken Corp. announced a change in the executive management of its business in the United States. The fried chicken chain, which is a subsidiary of Yum! Brands Inc. revealed it has appointed Tarun Lal as...

Hyundai Heavy wins deal to build patrol vessels for the Philippine navy

Jun 29, 2022 08:34 am UTC| Business Economy

Hyundai Heavy Industries has secured an order from the Philippine Department of National Defense. The contract is for the delivery of six patrol vessels for the Philippine Navy. According to The Korea Herald, the cost...

Korea’s Cyworld introduces ‘digital inheritance’ service that gives bereaved families access to digital data of departed loved ones

Jun 29, 2022 08:19 am UTC| Business Economy

Cyworld, a social media platform in South Korea, revealed the past weekend that it has launched a new kind of service offering called the digital inheritance. The company explained this would allow the families of departed...

Korea’s CHA Healthcare acquires Australian fertility specialist center

Jun 29, 2022 08:08 am UTC| Business Economy

CHA Healthcare Co., a South Korean medical hospital operator, announced on Monday, June 28, that it has secured management rights to Fertility Specialists of Western Australia (FSWA) via an acquisition deal. The FSWA is...

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Economy

Fed’s Williams Signals One More Rate Hike Before Year-End

Federal Reserve Bank of New York President John Williams said Tuesday that policymakers have time to assess incoming economic data before deciding on their next interest rate move, although he still expects one additional...

US Dollar Hits Two-Month High as Aussie, Pound Slide

The U.S. dollar climbed to a two-month high on Tuesday as investors weighed easing oil prices, volatile Treasury yields and shifting expectations for Federal Reserve monetary policy. The U.S. Dollar Index (DXY), which...

Gold Rebounds as Oil Falls and Treasury Rout Eases

Gold prices rebounded Tuesday as falling oil prices and easing pressure in the U.S. Treasury market helped the precious metal overcome a stronger dollar. Spot gold climbed 1.6% to settle at $4,182.45 an ounce, while U.S....

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...

Politics

Israeli Settlers Attack West Bank Village, Block Palestinian Family’s Return

More than 100 Israeli settlers attacked the occupied West Bank village of Jalud, preventing a Palestinian family from returning to their homes and clashing with Israeli troops, according to witnesses and the Israeli...

CNN, Politico and MS NOW Seek Court Order Blocking Trump White House Ban

CNN, MS NOW and Politico have asked a federal judge to preserve their access to the White House while they challenge President Donald Trumps decision to ban the news organizations over their coverage. The three outlets...

Trump, Tech Leaders Sign ‘Morally Binding’ AI Safety Accord

President Donald Trump and executives from major technology companies signed a voluntary artificial intelligence agreement in Washington on Tuesday, establishing a set of principles intended to guide the development and...

Polymarket Traders Bet on Trump AI Rename to ‘Super Intelligence’

Polymarket traders are betting on whether President Donald Trump will formally rename artificial intelligence as super intelligence, after he publicly called for the terminology change and federal officials began adopting...

Tim Scott Blames Democrats as CLARITY Act Stalls in Senate

Senate Banking Committee Chairman Tim Scott criticized Democrats after the U.S. Senate failed to advance the CLARITY Act, arguing the stalled crypto legislation represented a missed opportunity to establish clearer rules...

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

Apple CEO John Ternus Plans Major Overhaul

Apple Inc. (NASDAQ: AAPL) CEO John Ternus is reportedly moving quickly to reshape the technology giant, launching a broad organizational overhaul just weeks after taking the top job. His strategy focuses on speeding up...

TD Cowen Starts SpaceX at Buy, Sees AI Compute Driving Growth

TD Cowen initiated coverage of SpaceX (NASDAQ: SPCX) with a Buy rating and a $200 price target, pointing to artificial intelligence computing as a major near-term growth engine alongside the companys expanding space...

OpenAI Seeks $30 Billion at $1.4 Trillion Valuation

OpenAI is reportedly seeking to raise at least $30 billion from investors in a new funding round after postponing plans for an initial public offering, according to Bloomberg, citing people familiar with the discussions....

BlackRock Sees AI Agents Fueling New Crypto Demand

BlackRock says the rapid growth of artificial intelligence could create a new source of demand for cryptocurrencies as autonomous AI agents increasingly need payment systems designed for machines. In its research paper,...

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...