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Report: Microsoft braces for EU regulator's 'Phase 2' investigation as it declines to submit remedies for Activision-Blizzard acquisition

Nov 03, 2022 06:01 am UTC| Technology Business

Microsoft has reportedly chosen not to respond to the European Commissions request to submit remedies to the conclusion of the regulators preliminary review of the Xbox owners merger with Activision-Blizzard. This follows...

Lotte Shopping partners with UK’s Ocado Group to expand its online grocery store

Nov 03, 2022 05:37 am UTC| Business Economy

Lotte Shopping recently signed a deal with the UK-based Ocado Group Plc for the expansion of its online grocery store. Their new partnership was announced on Tuesday, Nov. 1. South Koreas Lotte Shopping retail company...

PlayStation Plus loses nearly 2 million subscribers last quarter but Sony's revenue from the service increased

Nov 03, 2022 05:31 am UTC| Technology Business

Sonys gaming business won some and lost some in the second quarter of its fiscal year 2022. The companys latest financial results reveal it lost nearly two million PlayStation Plus subscribers, but its PS5 console...

Johnson & Johnson buys Abiomed medical device company for $16.6 billion

Nov 03, 2022 05:17 am UTC| Business Economy

Johnson Johnson acquires Abiomed medical device technology company that develops and manufactures temporary external and implantable mechanical circulatory support devices such as the heart pump. The company invested...

Frito-Lay introduces bite-sized versions of Doritos, Cheetos, and SunChips

Nov 02, 2022 22:50 pm UTC| Life Economy Business

Frito-Lay introduced its bite-sized classic flavors of Doritos, Cheetos, and SunChips, packaged in convenient canisters dubbed Frito-Lay Minis. According to Stacy Taffet, senior vice president of marketing at Frito-Lay...

Panasonic to start building EV battery factory in US to supply Tesla

Nov 02, 2022 22:49 pm UTC| Nature Economy Business

Panasonic will begin constructing a $4 billion plant this month to produce batteries for electric vehicles in Kansas, USA, widely seen for supplying to Tesla. According to Panasonic Energy President Kazuo Tadanobu, they...

High-end burger brands Five Guys, Gordon Ramsay, Super Duper are flocking to Seoul for this reason

Nov 02, 2022 09:07 am UTC| Business Economy

Fancy burger joints, including Five Guys, Gordon Ramsay Street Burger, and Super Duper Burgers, are opening their stores in South Korea. These are American brands that are venturing into the food business in Asia and have...

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Economy

Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply

Canada has awarded C$7 million (approximately $4.93 million) in non-repayable funding to support the development of a major molybdenum mining project in Greenland, reinforcing Western efforts to secure critical mineral...

Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire

Asian currencies traded in tight ranges on Monday as investors balanced easing geopolitical tensions in the Middle East with a busy week of key economic releases across Asia. While the tentative ceasefire between the...

Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan

Japans government is preparing an ambitious long-term economic strategy aimed at achieving sustained annual real economic growth of more than 1%, according to a draft of its latest economic and fiscal policy framework. The...

China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy

Chinas manufacturing sector is expected to return to modest growth in June, supported by resilient exports tied to the booming global artificial intelligence (AI) industry. However, economists caution that the recovery...

US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment

U.S. stock index futures moved higher late Sunday as investors reacted positively to reports that the United States and Iran had agreed to suspend recent military hostilities and resume diplomatic negotiations, easing...

Politics

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

Iran Skips U.S. Technical Talks Over Unmet MoU Conditions and Frozen Funds Dispute

Iran did not participate in the technical talks scheduled for Sunday, citing recent military attacks on the country and unresolved conditions outlined in its memorandum of understanding (MoU) with the United States. The...

Trump Announces September Overhaul of Washington’s East Potomac Golf Links

U.S. President Donald Trump announced that a major renovation of Washingtons historic East Potomac Golf Links will begin on September 1, with plans to transform the century-old public golf course into what he described as...

Andy Burnham Sets Out Vision to Decentralize Britain as Labour Leadership Race Begins

Andy Burnham is set to outline his vision for the United Kingdom on Monday as the Labour politician positions himself to succeed Keir Starmer as the countrys next prime minister. Burnham is expected to focus on shifting...

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

Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings

Chinese insurtech firm Baige Online Digital Technology Co. (HK:2672) delivered an impressive debut on the Hong Kong Stock Exchange on Monday, with its shares surging as much as 333% in early trading. The strong performance...

Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO

Baidu Inc. (HK:9888) shares climbed sharply on Monday after reports indicated that its artificial intelligence chip subsidiary, Kunlunxin, is aiming for a valuation of approximately $50 billion through a planned initial...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...

Samsung, SK Hynix to Unveil $1.3 Trillion AI and Semiconductor Investment Plan

South Korean technology leaders Samsung Electronics and SK Hynix are reportedly preparing to announce investment plans worth a combined 2,000 trillion won (approximately $1.3 trillion) to strengthen the countrys...

UBS Raises TSMC Price Target to T$3,400 on Strong AI Chip Demand Outlook

Taiwan Semiconductor Manufacturing Company (TSMC) received a fresh vote of confidence from UBS after the investment bank raised its price target for the worlds largest contract chipmaker, citing robust artificial...