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Thu, May 28, 2026 10:36 AM All times are UTC

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Nike, Adidas to cut order volumes by 40% as sales expected to drop

Dec 03, 2022 13:00 pm UTC| Life Sports Economy Business

Nike and Adidas will reduce their order volumes by 30 percent to 40 percent beginning next summer due to pandemic-related hurdles in China and the pullout of Russia. Both companies have reportedly notified their...

Korean Air introduces A321neo equipped with fully lie-flat seats in business class

Dec 01, 2022 05:39 am UTC| Life Economy Business

Korean Air became the first Korean airline to offer fully lie-flat seats in business class on a short-haul aircraft with its first Airbus A321neo, a single-aisle narrow-body with a total of 182 seats. The airlines first...

Honda to develop advanced level 3 technology by 2029 in efforts to eliminate traffic deaths

Nov 30, 2022 23:09 pm UTC| Life Economy Business

Honda Motor Co Ltd would develop level 3 technology that functions at any speed below legal limits on highways by 2029 as it strives to eliminate traffic deaths. According to Honda engineer Mahito Shikama, level 3...

Volkswagen's Skoda to launch 3 electric vehicles in 2026

Nov 30, 2022 23:03 pm UTC| Life Economy Business

Volkswagen subsidiary Skoda will offer three new electric models by 2026, four years earlier than originally planned. According to Skoda CEO, Klaus Zellmer, they are investing 5.6 billion euros by 2026 in...

Kraft Heinz launches time-saving pan-Asian cuisine brand, Sosu from Amoy

Nov 30, 2022 22:51 pm UTC| Economy Business Life

Kraft Heinz has launched its Sosu from Amoy range of pan-Asian recipes in the form of meal kits and cooking ingredients, which can be made in 15 minutes. The meal kit and cooking range allow consumers to explore new...

Mizuno launches sneaker collection celebrating Japan's fishing towns

Nov 30, 2022 21:58 pm UTC| Business Sports Life

Mizuno released a trio of sneakers dubbed the Fisherman Pack. which commemorates the fishing towns of Japan via an oceanic palette and trawling-inspired details. Dubbed Mizunos ultimate drop of 2022, the collection...

Pepsi launches zero-calorie cola to pair with Christmas fried chicken in Japan

Nov 30, 2022 21:56 pm UTC| Life Economy Business Health

Pepsi is following up a Japanese Christmas-seasonal formula designed to be paired with Japanese-style fried chicken, dubbed Pepsi Zero Karaage Senyo Cola on Dec. 6. The name translates in English to Pepsi Zero Cola...

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Economy

Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution

Asian stock markets declined on Thursday as renewed U.S. military strikes on Iran weakened investor confidence and raised concerns over escalating geopolitical tensions in the Middle East. The latest attacks reduced hopes...

U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil

The United States has imposed new sanctions on the Persian Gulf Strait Authority, the organization established by Iran to oversee transit requests through the Strait of Hormuz, according to a statement released by the U.S....

ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated

European Central Bank Chief Economist Philip Lane warned that the ongoing Middle East conflict could create long-lasting inflationary pressure, even if the war is resolved quickly. Speaking at a conference hosted by the...

Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026

Large mutual funds and passive index funds are increasing cash reserves and preparing to reduce exposure to existing large-cap stocks ahead of several expected blockbuster IPOs in 2026, including SpaceX, OpenAI, and...

South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns

The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 2.5% on Thursday, matching market expectations as policymakers remain cautious about rising inflation risks and global economic uncertainty linked to...

Politics

DOJ Opens Criminal Investigation Into E. Jean Carroll Over Alleged Perjury

The U.S. Department of Justice has launched a criminal investigation into writer E. Jean Carroll, who accused U.S. President Donald Trump of sexually assaulting her in the mid-1990s, according to a source familiar with the...

Baltic Drone Incidents Raise NATO Security Concerns

Recent Ukrainian drone incursions into Baltic airspace have increased regional tensions and raised new concerns about NATO security near Russias borders. The incidents come as Ukraine intensifies long-range drone attacks...

U.S.-China Taiwan Conflict Could Trigger Nuclear Escalation, IISS Warns

A potential military conflict between the United States and China over Taiwan could escalate into a nuclear confrontation, according to a new report released by the International Institute for Strategic Studies (IISS). The...

Hamas Commander Mohammad Odeh Killed in Gaza as Israel Intensifies Campaign

Israels military campaign in Gaza escalated further after Hamas armed wing chief Mohammad Odeh was killed in an Israeli airstrike in Gaza City. The targeted strike came just days after the death of senior Hamas commander...

U.S. Reinstates Sanctions on U.N. Expert Francesca Albanese Amid Legal Battle

The United States has officially restored sanctions against Francesca Albanese, the United Nations special rapporteur on the Palestinian territories, according to an updated notice published by the U.S. Treasury Department...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand

Marvell Technology Inc. (NASDAQ: MRVL) posted stronger-than-expected first-quarter fiscal 2027 results, driven by booming demand for AI infrastructure and data center solutions. The semiconductor company reported record...

Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership

Snowflake Inc. (NYSE: SNOW) delivered a strong first-quarter performance that surpassed Wall Street expectations, sending the companys stock soaring nearly 30% in after-hours trading. The cloud-based AI Data Cloud company...

Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook

Salesforce (NYSE: CRM) reported stronger-than-expected first-quarter fiscal 2027 earnings on Wednesday, driven by solid demand for its AI-powered enterprise solutions and continued growth in its cloud-based CRM business....

HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure

HP Inc. (NYSE: HPQ) reported stronger-than-expected fiscal second-quarter 2026 results, surpassing Wall Street estimates on both earnings and revenue. However, HP stock slipped slightly in after-hours trading as investors...

Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand

Synopsys (NASDAQ: SNPS) reported stronger-than-expected second-quarter fiscal 2026 earnings on Wednesday, fueled by rising demand for semiconductor design software and AI-powered engineering solutions. The electronic...