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The sale of publisher Simon & Schuster is good news for staff and authors, but the long-term implications are uncertain

Aug 10, 2023 08:21 am UTC| Business

A year after the US Department of Justice blocked the merger of two of the worlds biggest publishers, a New York-based private equity investment firm, Kohlberg Kravis Roberts Co., has agreed to buy Simon ...

Ditching the young entrepreneur myth: research shows over-50s are the more radical innovators

Aug 10, 2023 08:19 am UTC| Business

Julie Wainwright working as a CEO for almost two decades was in her mid-50s when she created The RealReal platform for secondhand luxury. Harland Sanders was 62 when he started Kentucky Fried Chicken (KFC) restaurant...

What are your rights as an Airbnb renter in Australia? A law expert answers 6 common questions

Aug 10, 2023 08:18 am UTC| Business Law

Airbnb has revolutionised the short-stay industry. Launched in 2008, it now eclipses the worlds biggest hotel chains. In Australia alone there are about 100,000 listed properties. But in dealing with both a digital...

Hyundai Mobis Lands Major EV Parts Deal with Volkswagen, Aiming for $5.4B Global Order

Aug 10, 2023 07:47 am UTC| Business Economy

South Korean auto parts giant Hyundai Mobis secures a monumental deal to supply Volkswagen AG with electric vehicle (EV) battery systems. This move marks Hyundai Mobis significant stride into global expansion, with the...

Lotte Biologics Signs MOU with Roche Diagnostics: Boosting CDMO Operations, Global Reach

Aug 10, 2023 06:49 am UTC| Business Economy

Lotte Biologics has inked a memorandum of understanding (MOU) with Roche Diagnostics to bolster its Contract Development and Manufacturing Organization (CDMO) capabilities. This collaboration signifies major diagnostics,...

ESPN Partners with Penn Entertainment to Launch Sportsbook

Aug 09, 2023 10:16 am UTC| Business Economy

ESPN revealed it has teamed up with Penn Entertainment to open its own sports betting business. It was reported that Disneys sports entertainment unit signed a $2 billion deal for this. ESPN will now have a betting...

Dish Network, EchoStar to be Merged by Charlie Ergen for 5G Expansion Goal

Aug 09, 2023 09:57 am UTC| Business Economy

Dish Network and EchoStar are set to be consolidated into one as their owner, Charlie Ergen, aims to expand his telecommunication and satellite business empire. The billionaire is merging his satellite and broadband...

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Economy

Oil Prices Surge Amid Middle East Tensions as Global Markets React Cautiously

Oil prices climbed sharply on Monday while global stock futures dipped, as escalating geopolitical tensions in the Middle East disrupted shipping activity in the Strait of Hormuz, a critical global energy chokepoint. Brent...

Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty

Most Japanese households expect inflation to continue rising in the coming years, according to a recent Bank of Japan (BOJ) quarterly survey, reinforcing pressure on policymakers to pursue further interest rate hikes....

Gold Prices Drop as Oil Rally and U.S.-Iran Tensions Shake Markets

Gold prices declined in Asian trading on Monday as rising oil prices and escalating U.S.-Iran tensions dampened demand for the safe-haven asset. Investors remained cautious ahead of a potential ceasefire expiration later...

Asian Currencies Slip as Dollar Gains Safe-Haven Strength Amid U.S.-Iran Tensions

Asian currencies weakened on Monday while the U.S. dollar rebounded, supported by renewed safe-haven demand as geopolitical tensions between the United States and Iran escalated over the weekend. Investor sentiment...

Asian Stocks Rise as Tech Gains Offset US-Iran Tensions, Oil Prices Add Pressure

Asian stock markets opened the week on a cautiously positive note, supported by gains in technology shares despite rising geopolitical tensions between the United States and Iran. Investors remained wary as developments...

Politics

Bulgaria Election 2026: Rumen Radev’s Landslide Victory Signals Political Shift and Economic Implications

Pro-Russian former President Rumen Radev is on track for a decisive victory in Bulgarias 2026 parliamentary election, according to exit polls, marking a potential turning point in the countrys political landscape and...

Keir Starmer Faces Resignation Pressure Over Mandelson Appointment Controversy

British Prime Minister Keir Starmer is set to address Parliament on Monday amid growing calls for his resignation following controversy surrounding the appointment of senior Labour figure Peter Mandelson as UK ambassador...

North Korea Fires Multiple Ballistic Missiles Amid Growing Nuclear Ambitions

North Korea launched several ballistic missiles toward the sea off its eastern coast on Sunday, according to South Korea and Japan, marking Pyongyangs seventh ballistic missile test this year and its fourth in April alone....

U.S.-Iran Tensions Escalate as Hormuz Crisis Deepens Amid Ceasefire Strains

Fragile ceasefire negotiations between the United States and Iran are facing serious pressure after a dramatic weekend of escalating confrontations in and around the Strait of Hormuz. New reporting from the Wall Street...

Brazil, Spain, and Mexico Unite to Support Cuba Amid U.S. Blockade

During a high-profile international summit held in Barcelona, the leaders of Brazil, Spain, and Mexico came together to announce a strengthened commitment to providing coordinated humanitarian aid to Cuba. The meeting,...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

Chinese Robotics Stocks React as Humanoid Robot Marathon Sparks Competition Concerns

Chinese robotics stocks showed mixed performance on Monday after a high-profile humanoid robot half-marathon in Beijing highlighted rapid advancements in artificial intelligence and robotics technology. The event drew...

Huawei Expands Vietnam Presence Through Strategic Partnership with SHB Bank

Vietnams Saigon-Hanoi Commercial Joint Stock Bank (SHB) has signed a strategic cooperation agreement with Chinas Huawei Technologies Group, marking a significant step in the tech giants expansion within Vietnams growing...

SK Hynix Launches 192GB SOCAMM2 Memory for Nvidia’s Next-Gen AI Chips

SK Hynix Inc (KS:000660) has announced the mass production of its latest high-performance memory module, the 192GB SOCAMM2, specifically designed to support Nvidias upcoming Vera Rubin artificial intelligence platform....

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

Anthropic CEO Meets Trump Officials to Discuss Powerful New AI Model Mythos

Anthropic CEO Dario Amodei sat down with senior Trump administration officials last Friday in what analysts are calling a pivotal move to repair a strained relationship between the AI company and the federal government....
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