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Gap announces departure of its CEO

Jul 12, 2022 08:32 am UTC| Business Economy

Gap Inc. revealed on Monday, July 11, that its chief executive officer, Sonia Syngal, is stepping down. In the meantime, she will be replaced by Bob Martin, the companys current executive chairman, as interim CEO. Gap...

Korea’s GS Retail to open its first stores in Malaysia after signing MOU with KK Group

Jul 12, 2022 08:00 am UTC| Business Economy

GS Retail, a South Korean supermarket chain company, is set to enter the Malaysian convenience store market. For this business expansion, it has signed a memorandum of understanding (MOU) with KK Group, a Malaysian firm...

Uber’s secret link to top politicians revealed via leaked documents

Jul 12, 2022 07:16 am UTC| Business Economy

Uber Technologies Inc. is in a hot seat after it was revealed that some top politicians had been secretly helping it in unfair ways. The companys hush-hush relationship with some lawmakers was uncovered after leaked...

Why Iraq is unlikely to fulfil rising oil demand

Jul 11, 2022 14:44 pm UTC| Business

At the recent G7 in Germany, French president Emmanuel Macron was overheard expressing doubts that Saudi Arabia and the United Arab Emirates (UAE) two of OPECs biggest exporters would be able to increase their oil...

How might the cost of living crisis affect the UK gambling industry?

Jul 11, 2022 14:42 pm UTC| Business

The cost of living is rising and has been continuous since 2021. In April 2022, inflation reached the highest level on record. It is expected to peak at almost 9% by Q4 2022. Soaring energy prices have seen domestic gas...

7-Eleven speeding up merger deal with MInistop

Jul 11, 2022 10:18 am UTC| Business Economy

7-Eleven operator, Lotte Groups Korea Seven, is picking up speed with the completion of its merger and acquisition (MA) deal with Ministop so it can start the take over of the stores in South Korea. As per Pulse News,...

Ford issues new recall for 100,000 vehicles in the US over fire risks

Jul 11, 2022 09:40 am UTC| Business Economy

Ford Motor Co. has issued another recall for its vehicle models, but this time, the number is higher. The company recalls 100,000 units of its hybrid vehicles due to the risk of catching fire. This new Ford Motor recall...

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Economy

U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases

The U.S. Treasury Department has imposed new sanctions on Hengli Petrochemical (Dalian) Refinery Co., a major Chinese independent refinery, over its large-scale purchases of Iranian crude oil and petroleum products. The...

US Dollar Weakens as Iran Talks Boost Risk Appetite in Forex Market

The U.S. dollar edged lower on Friday as global investors shifted toward riskier assets, encouraged by renewed diplomatic signals between the United States and Iran. This movement in the forex market reflects growing...

Gold Prices Edge Higher on Weak Dollar but Face Weekly Loss Amid Oil-Driven Inflation Fears

Gold prices saw a modest increase on Friday, supported by a weaker U.S. dollar and renewed geopolitical developments involving the United States and Iran. Despite this slight rebound, the precious metal remains on track...

Oil Prices Steady as U.S.-Iran Talks Ease Tensions Despite Strait of Hormuz Disruptions

Oil prices remained relatively stable on Friday as optimism over renewed U.S.-Iran negotiations helped calm market fears, even as supply disruptions in the Strait of Hormuz continued to support prices. Brent crude futures...

Wall Street Hits Record High as Tech Stocks Surge Amid U.S.-Iran Developments

Wall Street closed at record levels on Friday, driven by strong investor optimism surrounding potential U.S.-Iran peace talks and robust earnings from major technology companies. The stock market showed mixed results, with...

Politics

Federal Appeals Court Allows Texas SB4 Immigration Law Enforcement to Proceed

A U.S. federal appeals court has ruled that Texas can move forward with enforcing its controversial immigration law, SB4, marking a significant development in the ongoing legal battle over state-level immigration...

Pope Leo Calls for Abolition of Death Penalty Amid U.S. Execution Policy Debate

Pope Leo has once again spoken out against capital punishment, urging its complete abolition while criticizing recent efforts by the United States government to expand execution methods for federal inmates. His remarks...

Senate Moves Toward Vote on Cuba War Powers Resolution Amid Trump Military Threats

The U.S. Senate is expected to vote as early as next week on a Democratic-led measure aimed at preventing President Donald Trump from initiating military action against Cuba without congressional approval. Senate aides...

D.C. Flag Mix-Up Before King Charles Visit Quickly Fixed

Washington, D.C. officials briefly displayed Australian flags instead of British flags near the White House ahead of King Charles IIIs highly anticipated visit to the United States, according to the D.C. Department of...

US Freezes $344M in Crypto Linked to Iran Amid Escalating Sanctions

The U.S. Treasury Department has intensified its crackdown on illicit financial networks by sanctioning multiple cryptocurrency wallets tied to Iran, resulting in the freeze of approximately $344 million in digital assets....

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

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

Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations

A U.S. federal judge has dismissed key fraud claims brought by Elon Musk in his high-profile lawsuit against OpenAI and its co-founder Sam Altman, marking a significant development in the ongoing legal battle. The ruling,...

$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion

Related Digital, a major data center developer, announced on Friday that it has secured $16 billion in financing to support the construction of a large-scale data center campus in Michigan. This significant investment...

U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation

The U.S. State Department has launched a global diplomatic effort to highlight what it describes as large-scale intellectual property theft by Chinese artificial intelligence companies. According to a diplomatic cable...

DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window

DeepSeek has unveiled preview versions of its latest open-source artificial intelligence models, marking a significant step forward in AI performance and reasoning capabilities. The new releases, DeepSeek-V4-Pro and...

Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure

Amazon (NASDAQ: AMZN) shares climbed around 2% শুক্রবার morning after Meta revealed a major expansion of its partnership with Amazon Web Services (AWS), signaling strong momentum in the growing artificial intelligence...