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LG Electronics, Canada’s Tenstorrent AI Computing Startup Partner for Chips Development

Jun 01, 2023 09:01 am UTC| Business Economy

LG Electronics announced on Wednesday, May 31, that it has teamed up with a Canada-based AI computing startup called Tenstorrent. They will cooperate to develop next-generation chips that may power the formers home...

Posco Holdings, LG Electronics Forge Alliance to Upgrade Factories With AI and Robotics

Jun 01, 2023 05:45 am UTC| Business Economy

Posco Holdings and LG Electronics are partnering to revolutionize their facilities into advanced smart factories, leveraging AI, robotics, and wireless technology. The joint effort aims to improve safety, operational...

Grab Unveils JustSave Carpooling Service in Malaysia for Cheaper, More Efficient Rides

Jun 01, 2023 00:59 am UTC| Economy Business

Grab launches JustSave in Malaysia, a new carpooling feature designed to maximize driver earnings and offer passengers a 20% fare reduction. Only operational during peak hours, the service aims to enhance efficiency in...

TikTok CEO Shou Zi Chew to Spearhead ByteDance's Rising Social Media Star, Lemon8

Jun 01, 2023 00:21 am UTC| Technology Economy Business

ByteDance taps TikTok CEO Shou Zi Chew to steer Lemon8, its fresh social media app, amid a corporate reshuffle and escalating tension between TikTok and the West. Launched in February, the lifestyle-oriented Lemon8 has...

JumpStart Coffee Set to Expand After Ramping up Series B Funding Round

Jun 01, 2023 00:08 am UTC| Life Economy Business

JumpStart Coffee, Indonesias largest smart coffee bar, accelerates its global vending technology advancement with a fresh Series B funding round. The firm aims to expand its coffee vending network domestically and...

Unilever in Search of New CFO as Graeme Pitkethly Steps Down

May 31, 2023 11:38 am UTC| Business Economy

Unilever Plc, a global consumer goods brand headquartered in London, England, revealed that its chief financial officer, Graeme Pitkethly, is leaving the company. The 56-year-old executive is said to stepping down after...

Burger King Stake to be Acquired by General Atlantic, Advent from Everstone: Report

May 31, 2023 09:51 am UTC| Business Economy

Burger King stakes in India owned by Everstone Capital Asia Pte Ltd. are up for sale, and it was reported that private equity fund companies - General Atlantic and Advent International - are in the last stage of...

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Economy

World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures

The World Bank has approved $1.1 billion in emergency financing for Bangladesh to help the country cope with the economic impact of rising food, fuel, and fertilizer prices driven by the ongoing conflict in the Middle...

Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms

U.S. President Donald Trump announced on Friday that the United States will impose a 100% tariff on imports from any country that enforces digital services taxes (DSTs) on American technology companies, significantly...

US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated

The U.S. dollar edged lower on Friday, extending its decline for a second consecutive session after a six-day winning streak pushed the greenback to its strongest level since May 2025. Despite the modest pullback, the...

Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen

Gold prices rebounded more than 1% on Friday but still finished the week in negative territory, as renewed expectations of Federal Reserve interest rate hikes and a stronger U.S. dollar continued to pressure the precious...

Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts

Wall Street closed slightly lower on Friday, capping a difficult week for U.S. equities as technology stocks led the decline. With geopolitical tensions easing following diplomatic progress in the Middle East and oil...

Politics

Ukraine Strikes Russian Titan-Barrikady Plant With Long-Range FP-5 Flamingo Missile

Ukraine said it carried out a long-range missile strike on a major Russian military production facility in the Volgograd region overnight, marking another escalation in Kyivs campaign to target defense infrastructure deep...

Javier Milei Cabinet Chief Manuel Adorni Resigns Amid Spending Scandal Investigation

Argentine President Javier Milei has suffered a political setback after Cabinet Chief Manuel Adorni resigned following mounting scrutiny over his finances and personal spending, triggering fresh pressure on the government...

Australia Plans Higher Fines for Social Media Firms Failing to Block Underage Users

Australia is moving to strengthen its landmark online safety law by proposing significantly tougher penalties for social media companies that fail to prevent children under 16 from accessing their platforms. The planned...

US Strikes Iran Again After Strait of Hormuz Tanker Attack Escalates Ceasefire Tensions

The United States launched fresh military strikes against Iran after a Panama-flagged oil tanker was attacked in the Strait of Hormuz, marking the most serious escalation since Washington and Tehran signed an interim peace...

Maria Corina Machado’s Return to Venezuela Faces U.S. Hesitation After Deadly Earthquakes

Venezuelan opposition leader Maria Corina Machados renewed appeal for U.S. assistance to return to Venezuela following the countrys devastating earthquakes has reportedly caused frustration among senior officials in...

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

Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike

Italys antitrust authority has launched an investigation into Microsoft over allegations of unfair commercial practices tied to the pricing changes for its Microsoft 365 subscription service. The probe focuses on whether...

US Seizes Nearly 400 Illegal World Cup Streaming Domains in Global Anti-Piracy Crackdown

U.S. authorities have seized nearly 400 internet domains that were allegedly used to illegally stream FIFA World Cup matches, marking one of the largest anti-piracy enforcement actions tied to the global soccer tournament....

SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service

SpaceX and Charter Communications are reportedly in executive-level discussions about forming a strategic partnership that could accelerate the expansion of consumer mobile services across the United States. According to a...

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...