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LG Innotek, Tesla sign a $746M deal for supply of camera modules

Aug 29, 2022 08:09 am UTC| Business Economy

LG Innotek Co., the electronic materials and component manufacturing arm of the LG Group, has struck a deal with Elon Musks Tesla company for the supply of camera modules. Sources said that the deal is worth $746 million...

Apple AR/VR headset clues may have been spotted in trademark applications for ‘Reality’ brands

Aug 29, 2022 08:03 am UTC| Technology Business

Apple has been tight-lipped about its long-rumored AR/VR headset, but recent trademark filings might provide more clues about the product. The company, through law firms and shell corporations, has reportedly filed...

Krispy Kreme launches special Artemis Moon doughnut to honor NASA’s unmanned mission

Aug 29, 2022 07:49 am UTC| Business Economy

Krispy Kreme is releasing a special doughnut on Monday, Aug. 29, to honor NASAs rocket launch to the moon. The treat has been named after the Artemis 1 mission project, and it is called the Artemis Moon doughnut. Krispy...

Moderna sues Pfizer and BioNTech for patent infringement over mRNA COVID-19 vaccines

Aug 29, 2022 07:47 am UTC| Business Economy

Moderna has filed a lawsuit against Pfizer and BionNTech over its mRNA technology that was used to produce COVID-19 vaccines. The American pharmaceutical and biotechnology company based in Cambridge, Massachusetts, is...

Foreign banks are absent in Nigeria. We tracked down why

Aug 29, 2022 06:47 am UTC| Economy Business

Privately owned Nigerian banks hold 94% of Nigerian banking assets. Only one other country in the world Israel has a higher share of ownership by local banks. The share of banking assets is the most reliable way to...

Why clean, affordable water should not be in the hands of private companies targeting profit – new research

Aug 29, 2022 06:45 am UTC| Business

Englands water companies have come in for some heavy criticism this summer. An extremely dry July has led to drought status being declared in many areas, while 3 billion litres of water are lost through leakage every...

Want to get more women to start their own businesses? Here's what it takes

Aug 29, 2022 06:45 am UTC| Insights & Views Business

Globally, men are twice as likely as women to start a business. Most research into how to start a business has been focused on men. Not much has looked at why women are not fully represented among entrepreneurs or how to...

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Economy

MOEX Russia Index Closes Flat as Gold Surges and Ruble Strengthens

Russian stocks ended Saturdays session little changed, with the MOEX Russia Index closing flat at 0.00% on the Moscow Exchange. Market activity remained subdued, reflecting a balanced performance across major sectors as...

ECB Expands Euro Liquidity Backstop to Strengthen Global Role of the Euro

The European Central Bank (ECB) has unveiled plans to permanently expand access to its euro liquidity backstop, opening the facility to central banks worldwide in a strategic move to reinforce the euros international...

U.S. Inflation Cools in January as Gas Prices Fall, Core CPI Signals Sticky Price Pressures

U.S. consumer prices rose less than expected in January, offering modest relief to households as gasoline and rental costs eased. However, persistent increases in service-related expenses suggest the Federal Reserve may...

U.S. Stocks End Mixed as January CPI Cools, Treasury Yields Slide

U.S. stocks closed mixed on Friday after a volatile trading session, as investors reacted to softer-than-expected January CPI data and falling Treasury yields. The SP 500 finished flat at 6,835.08, while the Dow Jones...

Asian Currencies Slip as Dollar Stabilizes Ahead of U.S. CPI Data

Asian currencies edged lower on Friday as the U.S. dollar steadied, with traders closely monitoring upcoming U.S. consumer price index (CPI) data for signals on the Federal Reserves interest rate outlook. Despite the daily...

Politics

European Leaders Welcome Marco Rubio’s Munich Security Conference Speech, Stress Strong Transatlantic Alliance

U.S. Secretary of State Marco Rubio struck a conciliatory yet candid tone at the Munich Security Conference, describing the United States as the child of Europe and calling for renewed unity within the transatlantic...

Trump’s Bad Bunny Super Bowl Criticism Sparks Concern Among Latino Republicans Ahead of Midterms

President Donald Trumps criticism of Puerto Rican superstar Bad Bunnys Super Bowl halftime show is raising concerns among Republican strategists and Latino leaders as the party heads into crucial congressional elections....

Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks

Vietnam has officially granted SpaceX permission to deploy its Starlink satellite internet service in the country, marking a significant step in expanding high-speed connectivity across Southeast Asia. According to state...

Reza Pahlavi Urges U.S. Military Intervention as Iran Nuclear Talks Continue

Iranian opposition figure Reza Pahlavi has called for potential U.S. military intervention in Iran, arguing that decisive action could save lives and accelerate political change. Speaking to Reuters on the sidelines of the...

Zelenskiy Urges Serious U.S.-Brokered Peace Talks as Ukraine Faces Pressure Over Concessions

Ukrainian President Volodymyr Zelenskiy said he hopes upcoming U.S.-brokered peace talks in Geneva will deliver meaningful progress toward ending the war, while raising concerns that Ukraine is being asked too frequently...

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

Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development

U.S. defense technology firm Anduril Industries is reportedly in discussions to raise billions of dollars in fresh funding at a valuation of at least $60 billion, according to a recent report by The Information citing...

Grok AI Market Share Surges as xAI Faces Scrutiny Over Image Generation Controversy

Elon Musks AI chatbot Grok is rapidly gaining traction in the U.S., even as it faces mounting global criticism over the generation of non-consensual and sexualized AI images. According to data from app intelligence firm...

Lockheed Martin Secures $101M in U.S. Defense Contracts for AEGIS, F-35, and Missile Systems

Lockheed Martin has been awarded three U.S. Department of Defense contracts worth approximately $101 million, reinforcing its role as a leading defense contractor in advanced military systems, fighter jet support, and...

GE Aerospace Expands Singapore Engine Repair Hub with Automation and AI to Tackle Aviation Bottlenecks

GE Aerospace is accelerating automation and AI-driven innovation at its Singapore engine repair hub as global airlines grapple with maintenance delays, parts shortages, and extended turnaround times. At the center of this...

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....