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JAG Revolutionizes Fashion with Generative AI, Swapping Photo Shoots for Digital Imagery

Aug 08, 2023 07:32 am UTC| Economy Life Business

Australias JAG, under APG Co, pioneers fashion with generative AI, swapping costly on-location shoots for digital avatars. Their latest campaign harnesses AI for authentic digital imagery, streamlining costs and enhancing...

Beyond Meat Revenue Plummets 30.5%: Challenges, Future Plans Revealed

Aug 08, 2023 07:19 am UTC| Economy Life Business

Beyond Meat, a leading plant-based meat alternative producer reported a staggering 30.5% drop in Q2 revenue. Despite price cuts and expanded offerings, shifting consumer perceptions are affecting sales, leading to revised...

Toshiba Announces 2 Trillion Yen Tender Offer for Privatization Led by Japan Industrial Partners

Aug 08, 2023 06:51 am UTC| Investing Business Economy

Amid financial setbacks, Toshiba Corp. has unveiled a 2 trillion yen tender offer to transition private, steered by a coalition of major Japanese financial institutions and enterprises under Japan Industrial Partners. The...

Warner Bros. Makes History by Surpassing $1B Mark in ‘Barbie’ Ticket Sales

Aug 08, 2023 06:32 am UTC| Business Economy

Warner Bros. Pictures, a subsidiary of Warner Bros Discovery, made history after the ticket sales for its blockbuster Barbie movie topped $1 billion at the worldwide box office. The film raked in more than a billion...

Burger King Reveals Return of This 70s Favorite Menu Item

Aug 07, 2023 10:32 am UTC| Business Economy

Burger King is bringing back a popular menu item introduced in the 1970s. After decades of non-appearance in the restaurant, the fast-food chain said it would add the Italian Original Chicken Sandwich to the menu...

Hana Financial Group Partners with State Bank of India to Bolster Global Expansion

Aug 07, 2023 09:59 am UTC| Business Economy

Hana Financial Group announced a strategic collaboration with the State Bank of India (SBI) on Aug 6, following a memorandum of understanding (MOU) signing. This partnership, born from a business meeting at the 56th annual...

Tesla Brands Electric Semi Trucks with PepsiCo Logo in Pioneering Fleet Collaboration

Aug 07, 2023 09:30 am UTC| Business Economy

In a collaboration between Tesla and PepsiCo, Elon Musks EV giant has remodeled its Semi trucks, integrating the Pepsi logo. This signifies a deeper union, adapting Teslas design to PepsiCos branding and operational needs...

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Economy

Asian Stock Markets Rise as Australian Shares Rally; Investors Eye U.S. Jobs Data and China Inflation

Asian stock markets posted modest gains on Wednesday, led by a strong rally in Australian shares, as investors weighed softer-than-expected Chinese inflation data and awaited key U.S. jobs figures that could influence...

Asian Currencies Rise as Dollar Weakens Ahead of U.S. Payrolls Data; Aussie Hits Three-Year High

Asian currencies strengthened on Wednesday as the U.S. dollar extended its recent decline ahead of closely watched U.S. nonfarm payrolls data. The softer greenback provided broad support across regional foreign exchange...

Australian Central Bank Signals Tough Stance as Inflation Pressures Persist

A senior official at the Reserve Bank of Australia (RBA) has reinforced the central banks firm commitment to curbing inflation, warning that price pressures remain uncomfortably high despite signs of resilience across the...

Yen Strengthens as Japan Election Boosts Confidence, Dollar Wavers Ahead of U.S. Jobs Data

The Japanese yen held onto solid gains on Wednesday, supported by a strong rally in Japans stock market and growing optimism over the countrys political outlook following Prime Minister Sanae Takaichis landslide election...

Oil Prices Hold Firm as U.S.–Iran Talks and Inventory Data Shape Market Sentiment

Oil prices edged slightly higher on Wednesday as traders remained cautious, balancing ongoing U.S.Iran nuclear talks with fresh geopolitical risks and upcoming U.S. inventory data. Brent crude futures gained 23 cents, or...

Politics

House Rejects GOP Effort to Block Challenges to Trump Tariffs in Narrow Vote

The U.S. House of Representatives rejected a Republican-led effort to block legislative challenges to President Donald Trumps tariffs in a razor-thin 217-214 vote on Tuesday, marking a significant political setback for...

Trump Executive Order Aims to Boost U.S. Coal Power Plants with Pentagon Support

U.S. President Donald Trump is expected to sign a new executive order directing the Pentagon to use federal funding and defense contracts to support struggling U.S. coal-fired power plants, according to a Bloomberg News...

FAA Confirms $1.5 Billion Peraton Contract as U.S. Air Traffic Control Overhaul Accelerates

The Federal Aviation Administration has confirmed that its contract with national security firm Peraton, the project manager for a sweeping $12.5 billion modernization of the U.S. air traffic control system, is valued at...

China Signals Strategic Rare Earth Push Amid Rising U.S. Competition

China has sent a fresh signal about the growing strategic importance of rare earth minerals as Premier Li Qiang, the countrys second-ranking official, inspected rare earth facilities in Jiangxi province this week,...

U.S. to Deploy 200 Troops to Nigeria to Train Military Against Islamist Militants

The United States is preparing to deploy approximately 200 troops to Nigeria to help train the countrys military in its fight against Islamist militant groups, according to a U.S. official. The deployment comes weeks after...

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

ByteDance Advances AI Chip Development With Samsung Manufacturing Talks

Chinas ByteDance is accelerating its push into artificial intelligence hardware, reportedly developing its own AI chip while holding discussions with Samsung Electronics for manufacturing support. The TikTok parent company...

SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms

Shares of Semiconductor Manufacturing International Corp (HK:0981), Chinas largest contract chipmaker, declined 3.6% to HK$68.95 in Hong Kong trading on Wednesday, underperforming the Hang Seng Index, which edged up 0.4%....

Russia Signals Further Restrictions on Telegram Amid Ongoing Regulatory Disputes

Russia is set to impose additional restrictions on Telegram, one of the countrys most widely used messaging platforms, after authorities said the app failed to address earlier violations of Russian law. The announcement...

Cloudflare Forecasts Strong Revenue Growth as AI Fuels Cloud Services Demand

Cloudflare has projected annual and first-quarter revenue above Wall Street expectations, signaling strong confidence in the growing demand for cloud services driven by rapid advancements in artificial intelligence. The...

Minnesota Governor Says Trump Immigration Crackdown Could End Soon

Minnesota Governor Tim Walz said Tuesday that the federal immigration crackdown ordered by President Donald Trumps administration in Minnesota could end within days, following direct conversations with senior White House...