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Korea’s CJ Cheiljedang to buy Dutch firm Batavia Biosciences for $226M

Nov 09, 2021 08:51 am UTC| Business Economy

CJ Cheiljedang, South Koreas largest food and beverage conglomerate, is set to buy Batavia Biosciences, a Dutch bio firm for $226 million or about 195 million. It was reported that the deal came not long after the company...

Walmart to deploy driverless trucks to bolster its online grocery business

Nov 09, 2021 07:21 am UTC| Business Economy

Walmart announced this week that it had deployed fully driverless trucks to deliver groceries to customers. The move is part of the companys goal to boost its online grocery venture by increasing capacity and minimizing...

Disney Plus offers a limited-time low streaming service fee to subscribers

Nov 09, 2021 06:23 am UTC| Business Economy

Disney Plus revealed early this week that it would offer big discounts to those who will sign up for its subscription service. The offer is for a limited time only, and subscribers can enjoy a low fee of just $1.99 for one...

Le Coq Sportif collaborates with ramen chain for noodle-inspired sneakers

Nov 08, 2021 18:35 pm UTC| Life Sports Economy Business

Japanese ramen chain Tenkaippin is collaborating with French sports equipment maker Le Coq Sportif to release ramen-themed sneakers to celebrate its 50th anniversary. The collaboration sneaker, model LCS R800 Z1 TI,...

Fast-food chain Jack in the Box sues crypto exchange FTX for copying its mascot

Nov 08, 2021 15:54 pm UTC| Digital Currency Law Economy Business

Jack in the Box has sued cryptocurrency exchange FTX over its Moon Man mascot, which it alleges was brazenly and illegally copied and derived from its 70-year old mascot, Jack. The restaurant chain accuses FTX of...

Dairy Queen announces the return of seasonal favorite drink

Nov 08, 2021 10:38 am UTC| Business Economy

Dairy Queen has come up with a frosty offering for the fall, and fans are excited. This is because the fast-food restaurant that is known to serve ice cream is bringing back a favorite item to its stores. Dairy Queen...

Empire State Building launches its own craft beer

Nov 08, 2021 10:15 am UTC| Business Economy

The Empire State Building is one of the famous buildings in New York. The Art Deco skyscraper sits in Midtown Manhattan, and almost everyone in the world knows about it. Now the 102-story building was revealed to have...

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Economy

Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season

Goldman Sachs has outlined three major themes investors should watch as Europes corporate earnings season approaches, warning that elevated market expectations could lead to stronger share-price swings if companies...

Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027

Goldman Sachs has raised its USD/JPY exchange rate forecasts, predicting the Japanese yen will remain under pressure as elevated U.S. Treasury yields, limited recession risks in the United States, Japans fiscal concerns,...

JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026

JPMorgan has sharply lowered its near-term gold price outlook, citing weaker-than-expected demand from major buying sectors and growing uncertainty over U.S. monetary policy. The bank now expects gold prices to average...

Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears

Oil prices ended the week largely unchanged as investors weighed improving prospects for a lasting U.S.-Iran peace agreement against rising crude supply from the Middle East. Brent crude futures settled up 14 cents, or...

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...

Politics

Trump Marks America’s 250th Anniversary With National Mall Rally Amid Political Divide

U.S. President Donald Trump is set to headline a major rally at Washingtons National Mall on Saturday as part of Americas 250th anniversary celebrations, concluding weeks of events that have sparked debate over the growing...

Trump Administration Proposes Repeal of 702 Federal Regulations in Major Deregulation Push

The Trump administration is moving forward with one of its largest deregulation efforts, proposing to eliminate 702 federal regulations across multiple government agencies as part of its latest semiannual regulatory...

Iran Holds State Funeral for Ali Khamenei as Security Fears Shape Succession

Millions of Iranians gathered in Tehran on Saturday for the state funeral of slain Supreme Leader Ali Khamenei, while authorities confirmed that his son and successor, Ayatollah Mojtaba Khamenei, would not lead funeral...

Trump Offers to Help Advance Ukraine Peace Talks in Call With Putin

U.S. President Donald Trump told Russian President Vladimir Putin that Washington remains ready to help advance efforts to end the war in Ukraine during a phone call that lasted nearly 90 minutes, according to Kremlin aide...

Kim Jong Un Oversees North Korea Destroyer Missile Tests, Orders Rapid Naval Deployment

North Korean leader Kim Jong Un supervised a series of weapons tests aboard the newly built naval destroyer Kang Kon, reinforcing Pyongyangs push to strengthen its maritime military capabilities, according to the Korean...

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...