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Mon, Jan 20, 2025 01:48 PM All times are UTC

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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...

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Economy

Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close

Goldman Sachs reported Monday that the copper market is pricing in a 50% chance of a 10% U.S. tariff on the metal by the end of Q1 2025. The banks own estimate aligns with this, assigning a 50% probability of such tariffs...

Gold Prices Rise as Markets Await Trump’s Policy Announcements

Gold prices edged higher in Asian trading as investors anticipated policy insights from U.S. President-elect Donald Trumps inauguration speech. Spot Gold gained 0.3% to $2,709.3 per ounce, while February Gold Futures rose...

Quad Ministers Reaffirm Commitment to Indo-Pacific Cooperation

Australian Foreign Minister Penny Wong emphasized the Quads strong commitment to Indo-Pacific cooperation after meeting her Indian and Japanese counterparts in Washington. She highlighted the significance of the invitation...

Asian Currencies Edge Higher as Dollar Weakens Before Trump Inauguration

Asian currencies rose slightly on Monday as the U.S. dollar weakened ahead of President-elect Donald Trumps inauguration. Markets remained cautious amid concerns about potential trade tariffs on Chinese exports, which...

Bank of Japan Eyes Rate Hike as Trump Era Begins

The Bank of Japan is expected to raise its short-term interest rate to 0.5% this Friday, barring significant market disruptions as U.S. President-elect Donald Trump takes office. This move would mark the first increase...

Politics

Taiwanese Tech Firms Eye Texas Amid U.S. Tariff Threats

Taiwanese laptop makers Compal and Inventec are considering U.S. expansion, with Texas as a top contender, in response to President-elect Donald Trumps proposed tariffs. Trump, set to take office Monday, plans to impose a...

Impeached South Korean President Refuses Questioning Amid Violent Protests

South Koreas impeached President Yoon Suk Yeol refused questioning on Monday in an investigation into alleged insurrection. Authorities have increased security at the Seoul Detention Centre, where Yoon is held, and the...

Investors Brace for Market Moves as Trump Begins Second Term

Investors are closely watching Donald Trumps second inauguration, eyeing potential benefits from his pro-business agenda while wary of protectionist trade policies, particularly tariffs. His ambitious plans include trade...

Donald Trump to Usher in Second Term with “Revolution of Common Sense”

Donald Trump is set to be sworn in as U.S. President on Monday, marking the start of his second term and a remarkable political comeback. According to the Wall Street Journal, Trump will call for a "revolution of common...

China Responds to Trump’s TikTok Ownership Proposal, Advocates Business Autonomy

Chinas foreign ministry emphasized on Monday that businesses should make independent decisions regarding their operations and deals. The statement came in response to a question about U.S. President-elect Donald Trumps...

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...

From dead galaxies to mysterious red dots, here’s what the James Webb telescope has found in just 3 years

On this day three years ago, we witnessed the nail-biting launch of the James Webb Space Telescope (JWST), the largest and most powerful telescope humans have ever sent into space. It took 30 years to build, but in three...

Technology

China’s Han Zheng Meets Tesla CEO Elon Musk to Boost U.S.-China Trade Ties

Chinas Vice President Han Zheng met Tesla (NASDAQ:TSLA) CEO Elon Musk and U.S. business leaders on Sunday in Washington D.C., according to Xinhua. Han encouraged Tesla and other American companies to capitalize on Chinas...

U.S. TikTok Users Celebrate Return but Worry About Future Changes

On Saturday night, millions of American TikTok users faced an unexpected notice: their favorite app had been banned. The shutdown lasted less than 24 hours, ending when President-elect Donald Trump announced plans to...

TSMC Confident in U.S. Funding Under Trump Administration

TSMC (NYSE:TSM), the worlds largest contract chipmaker, expects continued U.S. government funding under President Donald Trump, CFO Wendell Huang said in a CNBC interview. TSMC has so far received $1.5 billion of the $6.6...

TikTok Halts Operations in the US, Anticipates Resolution Under Trump

TikTok went offline in the U.S. late Saturday, disappearing from Apple and Google app stores as a law banning the platform takes effect Sunday. Used by 170 million Americans, TikTok cited potential reprieve from...

Oracle Prepares to Shut Down TikTok U.S. Servers Amid Ban

Oracle (NYSE: ORCL), the cloud provider for TikToks U.S. operations, has reportedly instructed staff to prepare for shutting down servers hosting TikToks U.S. data. According to The Information, the shutdown could occur as...