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Wed, Feb 25, 2026 03:20 AM All times are UTC

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Court overturns judgment against Costco for allegedly infringing 'Tiffany' rings

Aug 17, 2020 22:54 pm UTC| Business

The 2nd US Circuit Court of Appeals in Manhattan overturned a $21 million judgment in favor of Tiffany Cos against Costco Wholesale Corp over the latters sale of diamond engagement rings bearing the Tiffany name. In a...

IBM taps Samsung to manufacture processor chip

Aug 17, 2020 22:22 pm UTC| Business

Samsung Electronics Co. was tapped by the International Business Machines Corp. (IBM) to manufacture a new processor chip for enterprise hybrid cloud computing dubbed the IBM POWER10. According to IBM, Samsungs...

SK Group posts highest net profit among S. Korean conglomerates in H1

Aug 17, 2020 08:09 am UTC| Business

SK Group posted a net profit of 6.19 trillion won in the first half, jumping 32 percent from 4.69 trillion won last year to edge Samsung Group, which raked in 5.62 trillion won, down 30 percent from 8.05 trillion...

Apollo to invest $265-M in US Wind

Aug 15, 2020 17:20 pm UTC| Business

Apollo Global Management will invest $265 million in offshore wind developer US Wind Inc. to fund the construction of an offshore wind project off the coast of Maryland. Apollos investment in US Wind was made out of its...

Fortnite maker sues Apple, Google for removing game from online stores

Aug 15, 2020 14:46 pm UTC| Business

Epic Games sued Apple and Google for removing its popular Fortnite video game from their online stores. In filing the lawsuit in a US District Court in California, Epic sought no monetary compensation from Apple and but...

TikTok and Microsoft: government agendas are driving businesses like no time since WW2 – here's what they can do about it

Aug 14, 2020 15:55 pm UTC| Business

The Trump administration has turned up the heat on Chinese tech companies TikTok and WeChat with an executive order that US companies have 45 days to stop transacting with them. The administration has also recommended that...

Is Bitcoin Going to Peak in 2020?

Aug 14, 2020 14:54 pm UTC| Business

Bitcoin is one of the biggest and most revolutionizing inventions of the modern era. This cryptocurrency allows people to complete various e-transactions without fearing any hidden or added fees. As you may know, one of...

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Economy

Australia Inflation Rises Above Forecast in January, Fueling Interest Rate Hike Concerns

Australias inflation rate came in stronger than expected in January, intensifying speculation that the Reserve Bank of Australia (RBA) may consider another interest rate hike in the coming months. Fresh data released by...

Asian Markets Rally as AI Stocks Surge; Yen and BOJ Rate Outlook in Focus

Asian financial markets climbed on Wednesday, led by strong gains in Korean semiconductor stocks as investors doubled down on artificial intelligence (AI) plays. Growing optimism around AI-driven demand and a global memory...

Oil Prices Near Seven-Month Highs as U.S.-Iran Tensions Fuel Supply Concerns

Oil prices climbed close to seven-month highs on Wednesday as escalating U.S.-Iran tensions heightened fears of potential supply disruptions in the Middle East. Despite renewed diplomatic talks scheduled for Thursday in...

Yen Near Two-Week Low as Policy Concerns Weigh; Yuan Strength Pressures U.S. Dollar

The Japanese yen hovered near a two-week low on Wednesday after reports that Prime Minister Sanae Takaichi expressed reservations about further interest rate hikes during a recent meeting with Bank of Japan Governor Kazuo...

U.S. Imposes Steep Countervailing Duties on Solar Imports from India, Indonesia and Laos

The U.S. Commerce Department has announced significant countervailing duties on solar cells and solar panels imported from India, Indonesia, and Laos, citing unfair government subsidies that disadvantage American solar...

Politics

House Fails to Pass ROTOR Act After Pentagon Objections, Delaying ADS-B Aviation Safety Mandate

The U.S. House of Representatives narrowly failed to pass the ROTOR Act on Tuesday, delaying critical aviation safety reforms that would have mandated Automatic Dependent Surveillance-Broadcast (ADS-B) technology across...

Al Green Removed from House Chamber After Protesting Trump’s State of the Union Address

Democratic U.S. Representative Al Green of Texas was escorted out of the House of Representatives chamber on Tuesday night after staging a protest at the start of President Donald Trumps State of the Union address. The...

Ukraine Responds to U.S. Demarche After Novorossiysk Strike Impacts American Interests

Ukraines ambassador to the United States, Olha Stefanishyna, confirmed that the Ukrainian government recently received a formal diplomatic message, known as a demarche, from the U.S. State Department following Ukrainian...

Venezuela Amnesty Law Frees Nearly 2,200 Prisoners, Says Jorge Arreaza

Nearly 2,200 people have been released from Venezuelan prisons following the implementation of a new amnesty law, according to lawmaker Jorge Arreaza. The measure, which officially came into effect on Friday, marks a...

Albanese Backs Move to Remove Prince Andrew from Line of Succession Amid Ongoing Investigation

Australian Prime Minister Anthony Albanese has confirmed he would support legislation to remove Prince Andrew, also known as Andrew Mountbatten-Windsor, from the line of succession to the British throne. In a letter sent...

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

Hyundai Motor Plans Multibillion-Dollar Investment in Robotics, AI and Hydrogen in South Korea

Hyundai Motor is reportedly preparing a multibillion-dollar investment in South Koreas Saemangeum west coast zone, targeting robotics, artificial intelligence, a large-scale data centre, and hydrogen infrastructure....

Meta Encryption Plan Sparks Child Safety Concerns Amid New Mexico Lawsuit

Meta executives moved forward with plans to implement end-to-end encryption across Facebook Messenger and Instagram Direct despite internal warnings that the change could significantly reduce the companys ability to detect...

Apple to Begin Mac Mini Production in Texas Amid $600 Billion U.S. Investment Plan

Apple is set to shift part of its Mac Mini production to the United States, marking a significant expansion of its domestic manufacturing footprint. According to a report by The Wall Street Journal, the tech giant will...

Nvidia Earnings Preview: AI Chip Demand, Data Center Growth and Blackwell Shipments in Focus

Nvidia is poised to report another quarter of strong growth, with Wall Street anticipating upbeat guidance driven by accelerating demand for AI infrastructure, rising shipments of next-generation Blackwell chips, and...

DeepSeek AI Model Trained on Nvidia Blackwell Chip Sparks U.S. Export Control Concerns

Chinese AI startup DeepSeek is reportedly preparing to release a new artificial intelligence model trained on Nvidias most advanced AI chip, the Blackwell, raising serious concerns about potential violations of U.S. export...