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Pinterest chief Ben Silbermann steps down, Google exec to take over

Jun 29, 2022 09:54 am UTC| Business Economy

Pinterest, an image-sharing and social media service platform, said that its chief executive officer is leaving the company. It was revealed that Ben Silbermann is set to step down after 12 years of service as...

Nike posts US$46.7 billion revenue for 2022, up 5% on-year

Jun 29, 2022 09:28 am UTC| Sports Economy Business

US sportswear giant Nike posted a US$46.7 billion revenue for the 2022 financial year, up five percent on-year. It also pushed its net income up six percent on-year to $6 billion for the same period. The Nike brand...

Novartis announces restructuring plans, to cut 8,000 jobs worldwide

Jun 29, 2022 09:09 am UTC| Business Economy

Novartis unveiled its restructuring plans on Tuesday, June 28, but the program may also lead to job cuts, and around 8,000 employees are set to be affected. The Swiss -American multinational pharmaceutical company...

KFC US announces appointment of its new president

Jun 29, 2022 09:03 am UTC| Business Economy

Kentucky Fried Chicken Corp. announced a change in the executive management of its business in the United States. The fried chicken chain, which is a subsidiary of Yum! Brands Inc. revealed it has appointed Tarun Lal as...

Hyundai Heavy wins deal to build patrol vessels for the Philippine navy

Jun 29, 2022 08:34 am UTC| Business Economy

Hyundai Heavy Industries has secured an order from the Philippine Department of National Defense. The contract is for the delivery of six patrol vessels for the Philippine Navy. According to The Korea Herald, the cost...

Korea’s Cyworld introduces ‘digital inheritance’ service that gives bereaved families access to digital data of departed loved ones

Jun 29, 2022 08:19 am UTC| Business Economy

Cyworld, a social media platform in South Korea, revealed the past weekend that it has launched a new kind of service offering called the digital inheritance. The company explained this would allow the families of departed...

Korea’s CHA Healthcare acquires Australian fertility specialist center

Jun 29, 2022 08:08 am UTC| Business Economy

CHA Healthcare Co., a South Korean medical hospital operator, announced on Monday, June 28, that it has secured management rights to Fertility Specialists of Western Australia (FSWA) via an acquisition deal. The FSWA is...

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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...