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Volkswagen's problems have just begun, lawsuits could push firm to bankruptcy

Sep 25, 2015 06:27 am UTC| Business Technology

The world has come crashing down for Volkswagen ever since the news about its emission scandal broke. Martin Winterkorn, Volkswagen Chief Executive,resignedon Wednesday stating, Volkswagen needs a fresh start - also in...

Volkswagen scandal widens platinum-palladium spread

Sep 24, 2015 12:47 pm UTC| Insights & Views Business

Platinum is taking major hit over Volkswagen scandal as it is expected to reduce the demand for the metal which is highly used in diesel cars. Industry expectation is that Volkswagen scandal over diesel car emissions...

Google to unveil Nexus Smartphones on September 29th

Sep 24, 2015 11:43 am UTC| Technology Business

Google has officially sent invitations for its launch event for 29th September. According to latest reports, the search engine giant will unveil the next generation of Nexus devices, including Nexus 5X and Nexus...

TikTok CEO Shou Zi Chew to Attend Trump’s Inauguration

| Technology Politics Business

TikTok CEO Shou Zi Chew is set to attend U.S. President-elect Donald Trumps inauguration, according to a report from The New York Times. The report, citing sources familiar with the matter, reveals that Chew has been...

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Economy

U.S. Tightens Chip Export Controls, Adds Chinese AI Firms to Blacklist

The Biden administration has added over 25 entities, including Chinese AI firm Zhipu AI and chipmaker Sophgo, to the U.S. restricted trade list. These companies, along with two Singapore-based firms, now face strict export...

Taiwan Gains Confidence as U.S. Excludes It from AI Export Curbs

The U.S. governments decision to exclude Taiwan from its new restrictions on artificial intelligence (AI) chip and technology exports reflects confidence in the islands regulatory controls and legal compliance, Taiwans...

UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery

In November 2024, the Consumer Price Index (CPI) for the UK was reported at 2.6% compared to the same month last year, which matched what experts had predicted. This is an increase from October 2024, when the CPI was at...

China's Tightened Export Controls Disrupt U.S. Tech Firms' Production Plans

China is intensifying scrutiny of exports by U.S. tech giants like Apple, Microsoft, and Dell, delaying their production shifts to Southeast Asia and India, according to Nikkei Asia. Since December, dual-use technology...

Trump's Economic Policies to Face New Challenges in 2025

U.S. President-elect Donald Trump is set to inherit a strong economy, but his aggressive policiestariffs, immigration restrictions, and tax cutsmight disrupt growth. With output above trend, near full employment, and...

Politics

Big Tech Leaders, Including Sundar Pichai and Tim Cook, to Attend Trump Inauguration

Alphabet CEO Sundar Pichai and other Big Tech leaders are set to attend U.S. President-elect Donald Trumps inauguration on Monday, sources told Reuters. Tim Cook, CEO of Apple, is also confirmed to be present, as reported...

Trump's AG Pick Pam Bondi Vows DOJ Fairness Amid Criticism

Donald Trumps attorney general nominee, Pam Bondi, promised to avoid politicizing the Department of Justice (DOJ) but sidestepped questions about investigating Trumps critics. During a Senate Judiciary Committee hearing,...

Trump Taps Rubio to Lead Bold Shift in U.S. Foreign Policy

Senator Marco Rubio, President-elect Donald Trumps pick for Secretary of State, emphasized a robust foreign policy to counter growing reliance on China. In a Senate hearing, Rubio highlighted the need to boost U.S....

South Korean Ex-President Yoon Arrested After Martial Law Attempt

Impeached South Korean President Yoon Suk Yeol was arrested on Wednesday following a failed attempt to impose military law in late 2024, according to local media reports. Investigators successfully executed an arrest...

Biden Moves to Normalize U.S.-Cuba Relations Amid Major Policy Shifts

The Biden administration announced plans to remove Cuba from the U.S. terrorism blacklist, signaling a major policy shift that could reshape U.S.-Cuba relations. The move reverses sanctions imposed by former President...

Science

Double Moonshot: Japan’s ispace and Firefly Launch Lunar Missions

In a significant stride for lunar exploration, Japanese company ispace and U.S.-based Firefly Aerospace launched moon landers aboard a SpaceX rocket from Florida. This rare double mission highlights the growing competition...

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Technology

Apple Explores New Credit Card Partners as Goldman Sachs Reevaluates Deal

Apple Inc. (NASDAQ:AAPL) is reportedly in talks with Barclays (NYSE:BCS) and Synchrony Financial (NYSE:SYF) to replace Goldman Sachs Group Inc. (NYSE:GS) as its credit card partner, according to Reuters. Discussions with...

TikTok Braces for Possible US Shutdown This Sunday Amid Security Concerns

TikTok, the popular short-video platform owned by ByteDance, could face a nationwide shutdown in the U.S. as early as this Sunday, according to The Information. The move follows increased scrutiny from lawmakers and...

What si RedNote? The Chinese App Gaining Global Attention Amid TikTok Uncertainty

RedNote, known as Xiaohongshu in China, has gained massive attention as over half a million TikTok users flock to the platform amid concerns over a U.S. ban on TikTok. This lifestyle app allows users to share experiences,...

SEC Accuses Elon Musk of Securities Law Violation Over Twitter Stake Delay

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, accusing him of delaying the disclosure of his substantial stake in Twitter, now known as X, in 2022. The SEC alleges Musk violated...

Trade Groups Push Back on Biden's New Chip Export Rules

A coalition of semiconductor and manufacturing trade groups has expressed concerns to U.S. President Joe Biden over recently announced export controls on advanced computing chips. The Semiconductor Industry Association...