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Mon, Dec 22, 2025 10:34 AM All times are UTC

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Victoria's Secret slashes 160 management jobs for restructuring

Jul 14, 2022 09:54 am UTC| Business Economy

Victorias Secret Co announced on Tuesday this week that it will slash management roles in the company, and around 160 workers are affected. This is said to be equivalent to five percent of the companys workers, including...

Lego shuts down business in Russia, 90 workers to lose jobs

Jul 14, 2022 09:47 am UTC| Business Economy

Lego, the maker of plastic construction toys headquartered in Denmark, has terminated its franchise contract with a local store operator in Russia as it announced it would be shutting its business there. According to...

PepsiCo may implement price hikes on its products as raw material costs soar

Jul 14, 2022 08:23 am UTC| Business Economy

PepsiCo said this week that it might impose higher prices for its snack and soda products. The beverage and snack maker revealed its products may get pricier because of the increasing cost of raw materials and steady...

Naver, Coupang under probe for suspected antitrust violations

Jul 14, 2022 07:56 am UTC| Business Economy

Naver and Coupang are two of the leading companies in South Korea, and it was revealed this week that they are under investigation. Based on the reports, the countrys Fair Trade Commission (FTC) launched a probe due to...

Burger King appoints new chief digital officer in US, Canada

Jul 14, 2022 07:46 am UTC| Business Economy

Burger King has a new chief digital officer after hiring Thibault Roux for the job. Starting July 18, he will be the fast-food chains CDO in the United States and Canada. As per Restaurant Dive, Roux will be joining...

Twitter sues Elon Musk to enforce $44 billion purchase deal

Jul 13, 2022 22:34 pm UTC| Law Economy Business

Twitter Inc sued Elon Musk for violating the $44 billion deal to buy the social media platform in a Delaware court, demanding that the worlds richest person complete the merger at the agreed $54.20 per Twitter...

Bank of Korea to conduct CBDC simulations involving at least 10 banks

Jul 13, 2022 22:34 pm UTC| Technology Economy Business

The Bank of Korea will be conducting its retail central bank digital currency (CBDC) simulations involving at least ten commercial banks, including Shinhan Bank and NH Nonghyup Bank. Examining user payments and...

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Economy

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

U.S. coffee drinkers hoping for cheaper coffee after President Donald Trump rolled back key import tariffs are likely to be disappointed. While the tariff reductions removed duties on hundreds of food items, including...

UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile

The British economy recorded modest growth in the third quarter of 2025, expanding by 0.1% between July and September, according to the latest confirmation from the Office for National Statistics (ONS). The final GDP...

German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025

German exports to the United States recorded a significant downturn in 2025, underscoring the lasting impact of U.S. trade policies on Europes largest economy. According to a study cited by Reuters, German car exports to...

China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious

China has once again kept its benchmark lending rates unchanged, extending the pause in monetary policy adjustments to a seventh consecutive month in December, in line with broad market expectations. The Peoples Bank of...

Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike

Asian share markets moved higher at the start of the week, following strong tech-led gains on Wall Street, while the Japanese yen continued to weaken sharply against major currencies despite a significant interest rate...

Politics

Trump Appoints Louisiana Governor Jeff Landry as Special Envoy to Greenland

U.S. President Donald Trump announced on Sunday that Louisiana Governor Jeff Landry has been appointed as a special envoy to Greenland, a move that has reignited global attention on the strategic Arctic territory and its...

ASEAN Pushes to Revive Thailand–Cambodia Ceasefire as Border Conflict Intensifies

Southeast Asian foreign ministers convened in Malaysia on Monday in a renewed diplomatic effort to restore a fragile ceasefire between Thailand and Cambodia after nearly two weeks of intense border fighting. The conflict,...

NSW Parliament Recalled After Bondi Beach Shooting to Debate Stricter Gun Laws and Protest Limits

Australias New South Wales state parliament was recalled on Monday for an urgent two-day session to debate proposed new laws that would significantly tighten firearm ownership, ban the public display of terror symbols, and...

U.S. Coast Guard Pursues Sanctioned Oil Tanker Near Venezuela Amid Rising Geopolitical Tensions

The U.S. Coast Guard is actively pursuing a sanctioned oil tanker in international waters near Venezuela, according to U.S. officials cited by Reuters, marking what could become the third such operation in less than two...

Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift

Japan is approaching a pivotal moment in its post-Fukushima energy policy as the Niigata regional assembly is expected to endorse the restart of the Kashiwazaki-Kariwa nuclear power plant, the largest nuclear facility in...

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...