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Thu, Jun 25, 2026 09:07 PM All times are UTC

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Samsung to Increase Outsourcing Smartphone Production in China to 25% of 2024 Output

May 26, 2024 07:54 am UTC| Technology Business

Samsung plans to significantly boost its smartphone production by outsourcing to Chinese manufacturers, increasing output from 44 million to 67 million units. Samsungs Outsourcing Strategy Targets Cost...

Elon Musk’s xAI to Build Oracle-Powered Supercomputer, Expands Grok to Europe

May 26, 2024 07:00 am UTC| Technology Business

Elon Musk revealed that xAI plans to construct a supercomputer, partnering with Oracle, to enhance its AI automaton Grok. The company targets operational status by autumn 2025. Building a Future with Oracle In a...

Shein Purse Stunned Customer With Hidden COVID Test Kit; AliExpress, Shein Products Tested for Toxins

May 26, 2024 00:35 am UTC| Business

A Shein shopper was shocked to find their purse made from a COVID testing kit, as chemical tests reveal toxins in AliExpress and Shein products. Viral TikTok Reveals Unusual Purse Composition The Sun reports that a...

Why Matthew Fleeger Sees Long-Term Global Oil and Gas Dependency

May 25, 2024 03:54 am UTC| Business

As the worlds population increases, energy demand is also rising. While interest in alternative energy is growing, the world still primarily operates on a foundation of oil and gas. In fact, 80% of the worlds primary...

The Economic Implications of Quitting Smoking and the Role of Nicotine Pouches as a Cost-Effective Alternative

May 24, 2024 12:33 pm UTC| Business

In todays society, we all prioritise our health and finances. Quitting smoking impacts both areas significantly. Studies suggest that in developed nations, smoking contributes to 15% of total healthcare expenses. By...

Drug companies pay doctors over A$11 million a year for travel and education

May 24, 2024 10:25 am UTC| Insights & Views Business

Drug companies are paying Australian doctors millions of dollars a year to fly to overseas conferences and meetings, give talks to other doctors, and to serve on advisory boards, our research shows. Our team analysed...

Shein, Temu Face End of EU Tax Breaks as Germany Pushes for Reform

May 24, 2024 08:51 am UTC| Business

Shein and Temu, facing scrutiny in the U.S., now risk losing EU tax exemptions as Germany backs abolishing import duty limits, potentially increasing costs. Shein is presently intensifying its preparations for a London...

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Economy

Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns

Global oil prices continued to decline on Thursday, reaching levels close to those seen before tensions escalated between Iran and its regional rivals. The sharp drop in crude prices reflects growing confidence that oil...

White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response

The White House has formally asked Congress to approve an $87.6 billion supplemental spending package aimed at covering expenses tied to the ongoing Iran war, while also providing funding for American farmers and...

Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies

Japans government is preparing to push for a monetary policy that supports stronger private demand, highlighting its preference for keeping borrowing costs low even as the Bank of Japan (BOJ) continues normalizing interest...

Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion

Gold prices continued their downward trend during Asian trading on Thursday, falling to their lowest level in more than seven months as a stronger U.S. dollar and growing expectations of additional Federal Reserve interest...

South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost

South Koreas benchmark KOSPI index soared more than 5% at Thursdays market open, prompting the Korea Exchange (KRX) to temporarily halt program trading after a sharp rally fueled by leading semiconductor stocks. The...

Politics

US Mobilizes Aid After Powerful Earthquakes Devastate Venezuela

Powerful earthquakes that struck Venezuela on Wednesday have prompted an immediate response from the United States, which is coordinating with Venezuelan authorities and preparing emergency assistance for the disaster-hit...

US Urges States and Businesses to Strengthen Taiwan Ties Amid China Pressure

The United States has urged state governments and private businesses to strengthen their engagement with Taiwan after raising concerns that Chinese officials have been attempting to discourage such relationships. According...

Young Brazilian Voters Shift Right Ahead of 2026 Election

As Brazil prepares for its October presidential election, a growing number of young voters are moving away from the left, signaling a major political shift that could influence the countrys future. Many who once supported...

Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million

Representative Nancy Pelosi has disclosed a new financial transaction report revealing that her spouse, Paul Pelosi, purchased substantial call options in Intel Corporation (NASDAQ: INTC) and Uber Technologies Inc. (NYSE:...

Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers

U.S. President Donald Trump has asked Congress to approve more than $11 billion in additional farm aid to help American farmers cope with soaring fuel and fertilizer expenses linked to the recent Iran conflict. According...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Kioxia Targets U.S. Listing as AI Chip Boom Accelerates

Japan-based Kioxia Holdings Corp. (TYO:285A) is preparing to launch U.S. depositary shares in the spring of 2027, a strategic move aimed at expanding its global investor base and taking advantage of growing enthusiasm for...

Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates

Doncasters has successfully raised $919.3 million through its U.S. initial public offering (IPO), marking a significant milestone in the aerospace components manufacturers long-term transformation. The historic British...

SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business

SK Hynix has announced plans to raise as much as $29.4 billion through a Nasdaq listing in the United States, positioning the deal as one of the largest global stock offerings in history. The South Korean memory chip...

Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign

Alibaba Groups Hong Kong-listed shares dropped sharply on Thursday after reports revealed that U.S.-based artificial intelligence company Anthropic accused the Chinese tech giant of conducting a large-scale campaign to...

Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism

Samsung Electronics and SK Hynix posted strong gains on Thursday after Micron Technology delivered record quarterly earnings and issued a stronger-than-expected revenue forecast, reinforcing confidence in the growing...