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Tue, Feb 24, 2026 08:29 PM All times are UTC

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Nike warns employees of looming layoffs after posting dismal sales

Jun 28, 2020 15:59 pm UTC| Business

Nike CEO John Donahoe warned employees of looming layoffs after announcing it suffered a sales decrease of 38 percent and a net loss of $790 million in the fiscal fourth quarter. According to an email sent to employees,...

Japanese carmakers suffer poor sales in S. Korea

Jun 28, 2020 15:55 pm UTC| Business

The sales of five Japanese brands Toyota, Lexus, Honda, Nissan, and Infiniti plunged 62 percent to 1,672 units in the first five months of the year from 4,415 a year ago due to the trade row between the two countries and...

Microsoft to close physical stores to focus on online sales

Jun 28, 2020 15:44 pm UTC| Business

Microsoft will permanently close nearly all of its physical stores worldwide in a strategic change for its retail business as sales increasingly shift online. To implement the strategy, the company would reimagine the...

“Worst-ever environmental catastrophe in Arctic” can cost Norilsk Nickel and its owner Vladimir Potanin $1.4 billion

Jun 28, 2020 02:45 am UTC| Business

Author: James Carnell Greenpeace estimates the environmental damage to Arctic marine ecosystem caused by the recent oil leakage from a failed diesel tank near Russian city of Norilsk at $1.4 billion. It will take at...

Hyundai leans on upgraded Genesis G90 to boosts sales

Jun 27, 2020 16:50 pm UTC| Business

Hyundai Motor Co. will launch the upgraded G90 flagship sedan under its Genesis brand next month to boost sales, with prices ranging from 79 million to 160 million won. The new G90 would be fitted with either a...

S. Korea's WeMade gains court's nod in IP lawsuit against Chinese firm

Jun 27, 2020 16:44 pm UTC| Business

A Singapore-based arbitration court ordered three firms led by the Chinese gaming company Shanda Game to pay compensatory damages to ChuanQi IP for using an online games name after their software license agreement (SLA)...

Why Online Poker Is Thriving Amidst the Current Economic Crisis

Jun 26, 2020 16:07 pm UTC| Business

The coronavirus lockdown has shuttered businesses, sent millions of furloughed employees back home and spelled a gloomy outlook on the worlds economy. Yet, for all these drawbacks, online traffic has soared, and people...

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Economy

Gold Prices Pull Back from Three-Week High as Dollar Strengthens and Trade Tensions Resurface

Gold prices retreated in Asian trading on Tuesday after reaching a three-week high, as investors locked in profits and the U.S. dollar strengthened amid renewed concerns over U.S. trade tariffs. Despite the pullback,...

China Stock Market Rallies After Lunar New Year as Tariff Relief and Holiday Spending Boost Sentiment

Chinas mainland stock markets opened higher on Tuesday following the extended Lunar New Year holiday, supported by easing U.S. trade tariff concerns and strong consumer spending data. The Shanghai Shenzhen CSI 300 Index...

Oil Prices Hover Near Seven-Month High as U.S.-Iran Nuclear Talks and Trade Tensions Stir Market Uncertainty

Oil prices remained just below a nearly seven-month high on Tuesday as investors closely monitored renewed U.S.-Iran nuclear talks and ongoing uncertainty surrounding U.S. trade policy. Heightened Middle East tensions and...

Dollar Stalls as Trump Tariff Turmoil Shakes Global Markets

The U.S. dollar weakened on Tuesday as Asian markets reacted to renewed uncertainty surrounding President Donald Trumps tariff policy and its potential fallout on global trade. Investors reassessed currency positions after...

China Holds Loan Prime Rates Steady as PBOC Maintains Cautious Monetary Policy

Chinas central bank kept its benchmark lending rates unchanged in February, marking the ninth consecutive month of steady policy as officials navigate mixed economic signals and subdued domestic demand. The Peoples Bank of...

Politics

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...

Australia Launches Royal Commission Into Antisemitism After Bondi Beach Hanukkah Attack

Australia will formally begin a government-backed Royal Commission into antisemitism on Tuesday, following the deadly Bondi Beach Hanukkah attack that left 15 people dead last December. The mass shooting at a Jewish...

Democrats Warn Trump’s China Tech Security Pause Threatens U.S. National Security

Democrats in the U.S. House of Representatives are raising alarms over the Trump administrations decision to pause key technology security measures targeting Beijing, arguing the move could weaken U.S. national security...

Mexico Kills ‘El Mencho’ in Major Military Raid, Escalating War on Cartels

Mexicos military has killed Nemesio Oseguera Cervantes, known as El Mencho, the powerful leader of the Jalisco New Generation Cartel (CJNG), in a dramatic raid that could reshape the countrys fight against organized crime....

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

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...

xAI’s Grok Secures Pentagon Deal for Classified Military AI Systems Amid Anthropic Dispute

Elon Musks artificial intelligence company, xAI, has signed a significant agreement with the Pentagon to deploy its Grok AI model within classified U.S. military systems, according to a report by Axios citing a defense...