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Exxon Mobil Seeks Lithium Supply Deals with Tesla, Ford, Volkswagen Amid EV Boom

Aug 01, 2023 09:49 am UTC| Economy Investing Business

Exxon Mobil, an oil industry leader, is reportedly discussing with automakers Tesla, Ford, and Volkswagen to supply lithium for electric vehicle batteries. The talks, still in preliminary stages, reveal Exxons swift push...

CJ Cheiljedang Unloads Its Chinese Food Production Subsidiary Sichuan Jixiangju Food to Focus on K-Food

Aug 01, 2023 09:17 am UTC| Business Economy

CJ CheilJedang Corporation has sold its shares in Sichuan Jixiangju Food, a Chinese food production company, for KRW300 billion or about $235.8 million. The South Korean firm said on Monday, July 31, that it has unloaded...

Digital Currency Revolution

SEC Requested Coinbase to Limit Trading to Bitcoin Only, Preceding Lawsuit: CEO Armstrong Reveals

Aug 01, 2023 09:10 am UTC| Economy Digital Currency Law Business

The U.S. Securities and Exchange Commission (SEC) reportedly asked Coinbase, a leading cryptocurrency platform, to suspend all cryptocurrency trading except bitcoin, ahead of a lawsuit in June, according to CEO Brian...

Foxconn to Boost India's Tech Scene with $194M Investment for New Tamil Nadu Factories

Aug 01, 2023 08:30 am UTC| Business Economy Technology

Foxconn, Taiwans electronics giant, is set to inject a $194.45 million investment into Indias technology sector by building new electronic component factories in Tamil Nadu. This project, expected to generate over 6,000...

Naver Pay's Strategic Leap into China: Partners with Alipay Plus, UnionPay

Aug 01, 2023 08:04 am UTC| Economy Fintech Business

In a significant financial development, South Koreas Naver Financial announced plans to expand its simple payment service, Naver Pay, into China by year-end. This move, the first for a domestic payment service to partner...

Taco Bell Faces Class-Action Lawsuit Over Allegedly Misleading Ads for Crunchwraps, Mexican Pizzas

Aug 01, 2023 07:24 am UTC| Business Economy Life

Taco Bell is embroiled in a lawsuit accusing it of misleading advertising that violates two New York General Business Law acts. The plaintiff alleges that the fast-food giant overstated the ingredients in its Crunchwrap...

Adidas Strikes $1.2B Partnership Deal with Manchester United, Extending Decades-Long Collaboration

Aug 01, 2023 05:52 am UTC| Business Sports Economy

Adidas AG and Manchester United have inked a monumental $1.2 billion partnership deal, extending their iconic collaboration by another decade. This deal fortifies Adidas as the official kit supplier for Manchester United,...

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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

Trump and Netanyahu Hold Talks on Iran Nuclear Deal, Gaza Ceasefire, and Middle East Security

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu concluded high-level talks at the White House without reaching a definitive agreement on how to proceed with Iran, though both leaders confirmed that...

Zelenskiy Urges Stronger U.S. Pressure on Russia as Miami Peace Talks Loom

Ukrainian President Volodymyr Zelenskiy has called on the United States to intensify pressure on Russia if Washington hopes to secure an end to the war in Ukraine by summer. Speaking on Wednesday, Zelenskiy said it remains...

UG Solutions in Talks With Trump’s Board of Peace Over Gaza Security Role

UG Solutions, a North Carolina-based U.S. security firm, has confirmed it is in discussions with the Trump administrations Board of Peace about a potential new role in Gaza. The disclosure follows reports that the company...

UK Commits £150 Million to PURL Initiative to Boost Ukraine Air Defense with U.S. Weapons

The United Kingdom has pledged 150 million ($205 million) to the Prioritised Ukraine Requirements List (PURL) initiative, reinforcing its commitment to strengthening Ukraines air defense capabilities. UK Defence Secretary...

Russian Strikes Kill Four Civilians in Ukraine’s Dnipropetrovsk Region

Russian strikes killed four civilians on Wednesday in Ukraines southeastern Dnipropetrovsk region, according to regional governor Oleksandr Ganzha. The deadly attacks targeted several small communities near the town of...

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...