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Thu, Mar 26, 2026 02:45 AM All times are UTC

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Trump Withdraws Nomination of Landon Heid, Raising Questions on U.S.-China Tech Policy

Sep 12, 2025 01:51 am UTC| Politics Governance

President Donald Trump has unexpectedly withdrawn the nomination of Landon Heid, a strong China hawk, for assistant secretary for export administration at the U.S. Department of Commerce. The position oversees export...

Senate Republicans Ease Rules to Speed Up Trump Nominee Confirmations

Sep 12, 2025 01:41 am UTC| Politics Governance

Republicans in the U.S. Senate voted Thursday to change long-standing rules, allowing faster confirmation of President Donald Trumps executive branch nominees. The move passed 53-45, reducing Democrats ability to delay...

U.S. Outsourcing Tax Threatens India’s $283 Billion IT Sector

Sep 11, 2025 07:18 am UTC| Economy Governance

Indias $283 billion IT industry, a global leader in software services, faces growing uncertainty as U.S. lawmakers propose a 25% outsourcing tax. The HIRE Act, introduced by Senator Bernie Moreno, aims to penalize American...

China Plans Measures to Clear $1 Trillion Local Government Debt to Private Sector

Sep 11, 2025 06:57 am UTC| Economy Business Governance

China is preparing to address a massive backlog of unpaid bills owed by local governments to private companies, a debt estimated to exceed $1 trillion, according to a Bloomberg News report. The move highlights Beijings...

Trump Halts Deportation of South Korean Workers After Hyundai-LG Plant Raid

Sep 11, 2025 06:33 am UTC| Politics Governance

U.S. President Donald Trump has halted the deportation of hundreds of South Korean workers arrested in an immigration raid at a Hyundai-LG battery plant in Georgia, according to the Financial Times. The move follows...

South Korea, U.S. in Talks Over New Visa After Hyundai Worker Detentions

Sep 11, 2025 06:24 am UTC| Politics Governance

South Korea and the United States are in discussions to create a new visa category for Korean workers following a U.S. immigration raid that detained 475 employees at a Hyundai Motor electric vehicle battery plant in...

U.S. House Passes $900 Billion Defense Bill Amid Partisan Disputes

Sep 11, 2025 01:42 am UTC| Politics Governance

The U.S. House of Representatives has approved its version of the National Defense Authorization Act (NDAA), authorizing nearly $900 billion in military spending for 2025. The measure, passed 231196 largely along party...

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Economy

Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward

New research from the Brookings Institution suggests the Federal Reserve could shrink its balance sheet through a combination of regulatory adjustments, payment system reforms, and more active market interventions without...

Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds

A new academic paper from the Brookings Institution reveals that the sweeping tariffs introduced during President Donald Trumps administration had a negligible effect on overall U.S. economic output, while significantly...

India’s Investment Upgrade: A Historic Milestone for the "High-Quality EM" Narrative

SP Global has raised Indias sovereign credit rating to BBB from BBB-, with a Stable outlook, indicating the agencys first upward change for the country in 18 years. This major step increases Indias long-term rating one...

Asian Markets Rally as Oil Prices Tumble and Middle East Peace Hopes Emerge

Asian stock markets posted strong gains on Wednesday, driven by a sharp decline in oil prices and growing optimism over a potential diplomatic resolution in the Middle East. The broad-based rally swept across the region,...

Australia's Inflation Eases in February but Core Pressures Persist

Australias consumer inflation dipped slightly in February, though stubborn underlying price pressures are keeping the Reserve Bank of Australia cautious about cutting interest rates anytime soon. According to the latest...

Politics

Trump's Overhaul of American History: Museums, Monuments, and Cultural Institutions

Since returning to the White House, President Donald Trump has launched a sweeping campaign to reshape how American history is presented across cultural institutions, national parks, and public monuments. Framing his...

Pakistan's Diplomatic Rise: Mediating U.S.-Iran Peace Talks

Pakistan is emerging as a key global mediator in efforts to end the ongoing U.S.-Iran conflict, leveraging its unique position as a trusted contact for both Washington and Tehran. This diplomatic role could elevate...

US Accelerates Taiwan Arms Deliveries Amid Rising China Threat

Taiwans Defense Minister Wellington Koo confirmed Wednesday that the United States has expressed a strong sense of urgency in bolstering Taiwans military capabilities, with active efforts underway to resolve long-standing...

Trump Administration Settles Lawsuit Barring Federal Agencies from Pressuring Social Media Censorship

The Trump administration has reached a landmark settlement that prohibits three major federal agencies from coercing social media platforms into removing or suppressing constitutionally protected speech. The agreement,...

Cuba Receives Humanitarian Aid Convoy Amid U.S. Sanctions

Cuba welcomed a long-awaited shipment of international humanitarian aid on Tuesday, as activists from the global Nuestra America Convoy successfully delivered essential supplies to the island nation despite ongoing U.S....

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...

SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion

South Korean memory chip giant SK Hynix has submitted a confidential filing for a U.S. stock market listing in 2026, with sources indicating the move could raise as much as $14 billion. The company intends to offer...

Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push

Meta Platforms made a significant move this week by granting restricted stock units and stock options to several of its most senior leaders, including Chief Financial Officer Susan Li and Chief Technology Officer Andrew...

SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion

Elon Musks SpaceX is reportedly moving closer to going public, with plans to submit its initial public offering prospectus to regulators as early as this week or next, according to a report by The Information citing a...

OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership

OpenAI has officially shut down Sora, its AI-powered video generation tool, in a move that blindsided partners and staff alike and effectively ended a landmark deal with Walt Disney Co. The decision marks a major...