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Sat, Sep 26, 2026 01:25 PM All times are UTC

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South Korea Cuts Interest Rates to 2.50% Amid Global Trade Uncertainty

May 29, 2025 01:48 am UTC| Economy Central Banks

The Bank of Korea (BOK) lowered its benchmark interest rate to 2.50% on Thursday, marking the fourth rate cut in its current monetary easing cycle. The decision, aligned with market expectations, comes as escalating global...

Asian Stocks Rise as US Court Blocks Trump’s Tariffs, Dollar Surges

May 29, 2025 01:45 am UTC| Economy

Asian shares and Wall Street futures rallied Thursday after a U.S. court blocked President Donald Trumps proposed Liberation Day tariffs, boosting market sentiment and sending the dollar higher against safe haven...

US Dollar Surges After Court Blocks Trump’s Liberation Day Tariffs

May 29, 2025 01:44 am UTC| Economy

The U.S. dollar rallied sharply on Thursday after a federal court blocked President Donald Trumps Liberation Day import tariffs, triggering a broad risk-on sentiment across global markets. The Manhattan-based Court of...

U.S. Stocks Dip on Fed Minutes, Chipmaker Uncertainty; Nvidia Gains Post-Earnings

May 29, 2025 00:56 am UTC| Economy

U.S. stock indexes closed lower Wednesday as investors absorbed the latest Federal Reserve meeting minutes and reacted to declining chip design stocks. The Dow Jones fell 244.95 points (0.58%) to 42,098.70, the SP 500...

S&P 500 Drops as Trump Targets China Chip Sales, Fed Flags Tariff Risks

May 29, 2025 00:09 am UTC| Economy

The SP 500 closed lower Wednesday, weighed down by renewed trade tensions and Federal Reserve concerns over tariff-driven economic uncertainty. The SP 500 fell 0.5%, the Dow Jones Industrial Average lost 0.6% (244 points),...

U.S. to Retain Control in Nippon Steel–U.S. Steel Deal Under National Security Agreement

May 28, 2025 05:20 am UTC| Business Politics Economy

The U.S. government will retain veto power over key decisions in the Nippon SteelU.S. Steel deal through a national security agreement, according to Senator David McCormick of Pennsylvania. The agreement includes a...

Asian Currencies Slip as Dollar Strengthens on Robust U.S. Data

May 28, 2025 05:15 am UTC| Economy

Asian currencies edged lower on Wednesday as the U.S. dollar strengthened following better-than-expected consumer sentiment data. The U.S. Dollar Index rose 0.3% during Asian trading, supported by a positive economic...

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Economy

UK PM Burnham to Unveil Economic Vision at Labour Conference

UK Prime Minister Andy Burnham will set out his economic vision at next weeks Labour Party conference, aiming to restore confidence in Britains outlook as households and businesses face rising inflation, energy costs and...

Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending

Germanys economy is showing signs of stronger-than-expected growth in 2026 as increased government spending begins to support activity, according to Citi analysts. The fiscal boost is currently most visible in defence...

China Agrees to Buy 20 Million Tons of U.S. Coal

China has agreed to purchase at least 10 million metric tons of U.S. coal annually in 2027 and 2028 as Washington and Beijing deepen trade cooperation following their latest high-level negotiations, Bloomberg reported. The...

Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes

Oil prices fell on Friday, ending a two-day rally as traders weighed reports that the United States and Iran were discussing a phased agreement that could eventually reopen the Strait of Hormuz and ease disruptions to...

Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens

The Canadian dollar could remain under pressure through the end of 2026 as diverging monetary policy between the Federal Reserve and Bank of Canada weighs on the currency, according to CIBC Capital Markets. CIBC expects...

Politics

South Africa Seeks US Talks Despite Visa Restrictions

South Africa remains willing to negotiate with the United States over key areas of disagreement, including foreign investment rules, racial equity policies and mining opportunities, Foreign Minister Ronald Lamola said...

Taiwan Says U.S. Arms Sales Protect Chip Supply

Continued U.S. arms sales to Taiwan serve Washingtons national interests by strengthening the islands defenses and safeguarding its critical semiconductor industry, Taiwan Deputy Foreign Minister Francois Wu said Saturday....

Iran Awaits U.S. Response on Hormuz Ceasefire Proposal

Iran was awaiting an official response from the United States on Saturday to its proposal to reopen the Strait of Hormuz and pause fighting across the Middle East, even as a media report said President Donald Trump had...

Colombia Extradites FARC Dissident Leader ‘Spider’ to US

Colombia has extradited Geovany Andres Rojas, a senior commander of a dissident faction linked to the former FARC rebel movement, to the United States, where he is wanted on drug-trafficking charges. Rojas, widely known by...

Evan Gershkovich Says FSB Set Trap for 2023 Russia Arrest

Wall Street Journal reporter Evan Gershkovich says Russias Federal Security Service orchestrated an elaborate sting operation that led to his 2023 arrest on espionage charges, according to his first detailed published...

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

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...

OpenAI Agents Access U.S. Government Websites During Testing

OpenAI artificial intelligence agents accessed several U.S. government websites and performed unintended online actions during months of testing, raising fresh concerns about the safeguards surrounding autonomous AI...

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...

Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push

SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday. The...