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Sun, Sep 20, 2020 10:10 AM All times are UTC Edition :

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Gold steadies near 1-week peak on weaker greenback, investors eye ECB policy meet

Sep 10, 2020 07:46 am UTC| Commentary Investing

Gold prices held firm near a 1-week peak hit in the prior session as the dollar weakened, while markets awaited the European Central Banks monetary policy decision due later in the day. Spot gold was trading 0.05...

Ant Group: why America is missing out on the biggest IPO in history

Sep 02, 2020 13:21 pm UTC| Investing

The US capital markets are being shunned by the largest initial public offering in history. This is an indirect result of the recent China-baiting by US politicians, led by Donald Trump. Ant Groups US$200 billion (168...

Gold eases on profit-taking ahead of Fed Chair Powell's speech

Aug 27, 2020 06:51 am UTC| Investing

Gold prices declined, following a sharp rise in the previous session, as investors squared positions ahead of a much-awaited speech from U.S. Federal Reserve Chairman Jerome Powell. Spot gold was trading 0.8 percent...

Australia's Fortescue Metals Group eyes Afghan mineral wealth

Aug 23, 2020 03:52 am UTC| Business Investing

Australian billionaire Andrew Forrest, head of Fortescue Metals Group, is looking to invest in Afghanistans mining sector worth an estimated $1 trillion. Forrest and President Ashraf Ghani had discussed the potential...

The S&P 500 nears its all-time high. Here's why stock markets are defying economic reality

Aug 14, 2020 15:50 pm UTC| Investing

This old and playful maxim is typically not true: often the stock market is a good proxy for the economy and a very good indication of what will happen to it. But it aptly captures the current divergence between stock...

Timing the share market is hard – just ask your super fund

Aug 14, 2020 15:30 pm UTC| Investing

The past financial year has been one of the most volatile on record for stock markets, yet almost every Australian super fund has delivered similar returns. This not only demonstrates that super funds very rarely make...

Samsung Biologics to invest 1.74-T won on super plant

Aug 11, 2020 17:16 pm UTC| Business Investing

Samsung Biologics would invest 1.74 trillion in building a massive fourth plant in Songdo, Incheon, that would employ 1,800 new employees by 2023 and produce 256,000 liters of drug substances in a single...

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Economy

CaixaBank's acquisition of Bankia to create Spain's largest bank

CaixaBank will acquire state-owned Bankia in an all-share deal that would create Spains largest bank with total assets exceeding $786.6 billion. The deal will help the companies tackle dwindling profitability due to the...

Dubai’s DP World to work with Israel’s DoverTower in bid for Haifa Port

Dubai state-owned DP World is teaming up with Israels DoverTower in a joint venture that will bid in the privatization and to conduct a study on opening a direct shipping line between the two Middle East states. Haifa...

60% of pandemic-induced business closures in US become permanent

Yelp data revealed that 97,966 of the 163,735 business closures across the US due to the pandemic as of Aug, 31 wont be reopening. Permanent business closures rose 34 percent since Yelps last report in mid-July. Yelp...

S. Korea, Germany to boost energy ties towards economic recovery, climate goals

South Korea and Germany vowed via a virtual meeting to bolster cooperation in the energy sector towards the recovery of their virus-hit economies and helping each other achieve their climate goals. According to the...

S. Korea's corporate sales suffer record 10.1% drop in Q2

South Korean companies suffered a 10.1 percent dip in sales in the second quarter, its sharpest on record, and plunging from a 1.9 percent on-year drop in the first quarter. It was also the sixth consecutive quarterly...

Politics

Donald Trump: Model surfaces and alleged she was violated by the POTUS

Donald Trump has a new negative write-up and it is related to a model who alleged that she was sexually abused. Former model Amy Dorris claimed she has an unpleasant encounter with the POTUS in 1997. Speaking to The...

Melania Trump: FLOTUS' torched wooden statue replaced in her hometown Slovenia

Melania Trump has a statue in her image that was installed in her hometown in Slovenia, Russia. This was an original life-sized statue of the FLOTUS image that was carved from the trunk of a linden tree however it was...

Joe Biden: Jim Carrey to portray former VP on 'Saturday Night Live'

The comedy sketch show Saturday Night Live has often mocked presidential elections over the years, with cold opens featuring current and former presidents and other political figures. With the new season set to premiere in...

Barack Obama encourages Gen Z and Millenial voters to vote in video for ATTN:

The Obamas are among the most influential political figures, with former first lady Michelle Obama actively encouraging Americans to register to vote by stressing the importance of their votes. This time, former president...

Ivanka Trump: Bob Woodward's book reveals how White House adviser asked James Mattis for a plan to fight ISIS

Ivanka Trump serves as an advisor to her father Donald Trump in the White House, often seen alongside him during political events or attending political events on his behalf. Bob Woodwards new book, Rage, reveals her...

Science

Asteroids: Two rocks made a close approach to Earth this week

Asteroids can sometimes pass by without getting noticed, and that was the case for a pair of space rocks earlier this week. NASA has confirmed that two asteroids made a close approach to Earth around the same time. The...

NASA: Astronomers spot exoplanet closely orbiting a white dwarf star

There are still a lot of things about the universe that have yet to be explained, and astronomers recently discovered something once thought to be impossible. Astronomers picked up on an exoplanet orbiting a white dwarf at...

Mars mission: Scientists say acids may have erased traces of alien life on Red Planet

NASA is gearing up for its upcoming Mars mission, with the Perseverance Rover already getting a headstart in its journey to the Red Planet to search for life. However, researchers believe that the search for alien life on...

Climate change: Rising global temperatures will bring in a new Arctic, says scientists

Of all the parts in the world, the Arctic region is taking the biggest hit from the problem that is climate change. The problem has already gone to an extent where scientists are seeing a new Arctic region possibly form...

Aliens: Search for life outside Earth may shift to Venus, says scientist

While the current space exploration missions involve searching for alien life on Mars, a study found that the search for life outside Earth may also lie with another neighboring planet. Instead of searching for life in the...

Technology

PlayStation 5: Here's PS5's confirmed prices and release date; Sony details how to pre-order

Gamers have been waiting for PlayStation 5 for a long time now. Many are excited about the arrival of the gaming console that has been labeled as the best device ever created for gamers yet. PlayStation 5 has many...

‘Call of Duty: Black Ops Cold War’ Alpha goes live; beta follows in October

The Alpha testing of Call of Duty: Black Ops Cold War went live this week, but not for everyone. On the bright side, the full schedule of the subsequent beta access has been revealed for all platforms. Call of Duty:...

‘PUBG Mobile’ x BLACKPINK? Tencent teases collaboration with K-pop group

Tencent Games recently launched the PUBG Mobile version 1.0 along with many gameplay and visual improvements. However, it appears that the developer has a few more major updates in the pipeline that might bring BLACKPINK...

iOS 14 goes live on Sept. 16; here’s how to install the OS update

Months ago, the common belief was that the iOS 14 would be released once the new iPhones arrive since that has been the annual tradition for Apple. However, CEO Tim Cook surprised fans after announcing at the Time Flies...

‘GTA 6’: Is Rockstar Games announcing a new game at Sony’s PlayStation 5 event?

Sony is gearing for another PlayStation 5 event this week, and there are speculations that Rockstar Games could be part of it again. The last time the video game studio appeared at a PS5 showcase, they had an announcement,...