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Thu, Feb 12, 2026 02:07 PM All times are UTC

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Alibaba's CEO Daniel Zhang Steps Down, Eddie Wu Steps Up; Zhang to Head Cloud Division in Major Reshuffle

Jun 21, 2023 07:45 am UTC| Business Economy

Amidst the biggest reorganization in its history, Alibaba announces a leadership shakeup with CEO Daniel Zhang stepping down and Eddie Wu succeeding him. Zhang is set to helm the companys expanding cloud computing...

Big money bought the PGA Tour, but can it make golf a popular sport in Saudi Arabia?

Jun 21, 2023 07:26 am UTC| Business

The recent merger between the PGA Tour, DP World Tour and Saudi-funded LIV Golf now being reviewed by the U.S. Department of Justice over antitrust concerns stunned the golf community. A year ago, the idea that Saudi...

Supermarket shelves were empty for months after the Lismore floods. Here's how to make supply chains more resilient

Jun 21, 2023 07:25 am UTC| Economy Business

From the outside, the Northern Rivers region of New South Wales seems idyllic. Rainforests, mountains, beaches and Byron Bay. But the past few years have made life harder for many who live there, with Black Summer...

Why are we paying so much for alcohol-free drinks that aren't taxed?

Jun 21, 2023 07:24 am UTC| Business

Dry July, an Australian fundraising campaign to support people affected by cancer, is almost here again. The premise is that abstaining from booze and hangovers for a month frees up money to donate. But with prices in...

Why the Scottish ferry system is in crisis again this summer

Jun 21, 2023 07:20 am UTC| Business

Scottish ferry operator CalMac cancelled all direct sailings from the mainland to South Uist, the second largest island in the Outer Hebrides, off the north-west coast of Scotland on June 1 2023. Cancellations are expected...

South Korean Retail Giant CU Ventures Into Central Asia With Kazakhstan Expansion

Jun 21, 2023 06:58 am UTC| Business Economy

BGF Retails South Korean convenience store brand CU is breaking ground in Central Asia, partnering with local firm Shin-Line to launch its first Kazakhstan store next year amidst plans for wider expansion. CU is...

Intel Seals Landmark $33B Deal With Germany for Mega Chip Factory; Awaits EU Approval

Jun 20, 2023 10:03 am UTC| Business Economy

Intel Corporation is poised to construct a $33 billion semiconductor plant in Germany, marking its largest overseas investment, following a generous funding agreement with German authorities. As per Associated Press...

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Economy

Oil Prices Edge Higher as US-Iran Tensions and Strong Payroll Data Shape Market Sentiment

Oil prices moved higher in Asian trading on Thursday as ongoing geopolitical tensions between the United States and Iran kept a risk premium firmly embedded in crude markets. Investors closely monitored developments in the...

Gold and Silver Prices Slip After Strong U.S. Jobs Data, Fed Rate Cut Bets Fade

Gold and silver prices edged lower in Asian trading on Thursday after stronger-than-expected U.S. nonfarm payrolls data reduced expectations of aggressive Federal Reserve interest rate cuts. However, ongoing geopolitical...

Asian Stocks Hit Record High as Strong U.S. Jobs Data Tempers Fed Rate Cut Hopes

Asian stocks surged to fresh record highs on Thursday, supported by a rally in technology shares and renewed investor confidence across the region. South Korean and Japanese equities led gains in early trading, pushing...

RBA Signals Further Interest Rate Hikes if Inflation Persists, Says Governor Michele Bullock

Reserve Bank of Australia (RBA) Governor Michele Bullock has warned that additional interest rate hikes remain possible if inflation in Australia becomes entrenched, underscoring the central banks firm commitment to...

U.S. Stock Futures Steady as Strong Jobs Data Clouds Fed Rate Cut Outlook

U.S. stock futures were little changed Wednesday evening following a muted session on Wall Street, as investors weighed a stronger-than-expected jobs report that dampened expectations for near-term Federal Reserve rate...

Politics

House Votes to End Trump’s Canada Tariff Emergency, Senate Showdown Looms

The U.S. House of Representatives voted Wednesday evening to terminate the national emergency declared by President Donald Trump to impose tariffs on Canada, marking a significant development in the ongoing debate over...

Pentagon Seeks Broader Access to AI Tools on Classified Military Networks

The Pentagon is accelerating efforts to deploy advanced artificial intelligence tools across both unclassified and classified military networks, signaling a major shift in how the U.S. Department of Defense plans to...

Trump to Host Governors at White House Amid Dispute Over Democratic Invitations

President Donald Trump plans to host a bipartisan group of U.S. governors at the White House on February 20, according to National Governors Association (NGA) Chairman Kevin Stitt. The annual NGA meeting in Washington...

U.S. Offers Payments to Afghans in Qatar as Camp As Sayliyah Closure Nears

The U.S. State Department has begun offering financial incentives to Afghans stranded in Qatar to encourage voluntary repatriation, as officials move to shut down Camp As Sayliyah (CAS) by the end of March. The facility, a...

Angus Taylor Challenges Sussan Ley as Liberal Party Leadership Tensions Escalate

Australias opposition leader Sussan Ley is facing mounting pressure within the Liberal Party after senior frontbencher Angus Taylor resigned from his role as shadow defence minister, signaling a potential leadership...

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

U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports

The U.S. Department of Commerce has announced a $252 million settlement with Applied Materials, resolving allegations that the semiconductor equipment maker illegally exported U.S. chip manufacturing technology to China....

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...

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...