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UPS, FedEx suspend delivery services to Russia and Ukraine

Feb 28, 2022 09:47 am UTC| Business Economy

United Parcel Service Inc. and FedEx Corp. are two of the biggest parcel delivery companies in the United States and the world. Due to the ongoing Russian invasion of Ukraine, they have halted their services in Russia and...

Nike, LeBron James, Pebbles Cereals collaborate for fruity new sneakers

Feb 28, 2022 09:34 am UTC| Business Economy

Nike, LeBron James, and Pebbles Cereals have teamed up to create the new Nike LeBron James 19 Low Magic Fruity Pebbles kicks. The Magic Sneakers is also being launched to mark the National Cereal Day celebrations. The...

Huawei launches MatePad Paper to rival Amazon’s Kindle

Feb 28, 2022 09:15 am UTC| Business Economy

Huawei has been releasing a bunch of new products, and the past weekend, it has unveiled a device to compete with Amazons popular Kindle line. The Chinese tech company introduced its Huawei MatePad Paper. The release of...

Target testing Starbucks curbside order pickup

Feb 28, 2022 06:38 am UTC| Business Economy

Target may soon be handing out orders of Starbucks coffee as it is currently testing its curbside order pickup and returns. For the trial, shoppers at select Target outlets will be able to pick up their favorite Starbucks...

Russian billionaires starting to lose big portions of their fortune due to Ukraine invasion

Feb 28, 2022 06:23 am UTC| Business Economy

Russia started to attack Ukraine last week, and a full-scale invasion has been launched the past weekend. President Vladimir Putin has ordered devastating attacks by air, land, and sea, and the Russian troops are now...

South Korea establishing a $1.66 billion support program to aid businesses affected by the Russia-Ukraine crisis

Feb 28, 2022 05:32 am UTC| Business Economy

South Korea revealed it will be launching a support program so it can extend help to businesses in case they will be affected by the ongoing crisis in Russia and Ukraine. The scheme is primarily to aid local companies with...

Intel announces chosen location for its chip plant in Europe

Feb 28, 2022 04:22 am UTC| Business Economy

Intel is setting up a chip factory in Europe with an investment of around $95 billion, and it has finally chosen a location. An insider revealed that the company would be making a formal public announcement about its...

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Economy

Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes

The Trump administration has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) in its current form, triggering a 10-year countdown that keeps the North American trade pact in force while negotiations continue over...

Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report

Asian currencies traded in a narrow range on Thursday as the U.S. dollar remained close to a 13-month high, with investors awaiting the closely watched U.S. nonfarm payrolls report for fresh clues on the Federal Reserves...

US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms

The U.S. labor market is expected to remain resilient in June, although hiring likely slowed from the strong pace recorded over the previous three months. Economists forecast that the upcoming nonfarm payrolls report will...

Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert

Japan is shifting its foreign exchange strategy by abandoning its long-standing practice of warning markets before intervening, opting instead for a more unpredictable approach aimed at catching speculators off guard and...

Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May

Australia recorded an unexpected trade deficit in May after stronger import growth outpaced solid gains in exports, signaling a shift in the countrys trade performance and raising concerns about second-quarter economic...

Politics

EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report

Europes semiconductor industry faces mounting challenges from Chinese export controls, heavy reliance on U.S. technology, and persistent structural weaknesses, leaving the region with a difficult outlook unless it...

NRC Proposes Radiation Rule Changes to Boost U.S. Nuclear Power Expansion Under Trump

The U.S. Nuclear Regulatory Commission (NRC) on Wednesday unveiled a proposal to revise long-standing radiation protection rules, a move that aligns with the Trump administrations broader strategy to accelerate nuclear...

Trump Vows U.S. Will Prevent China From Taking Over the Panama Canal

U.S. President Donald Trump declared on Wednesday that the United States will not allow China to take control of the Panama Canal, underscoring Washingtons continued focus on one of the worlds most strategically important...

US Envoy Urges Taiwan to Build ‘Hornet’s Nest’ Drone Defense Against China

Taiwan should rapidly expand its drone capabilities to strengthen deterrence against potential conflict with China, the top U.S. representative to the island said on Thursday, underscoring growing support for Taipeis...

Trump Dedicates Theodore Roosevelt Museum, Unveils New Air Force One Ahead of America’s 250th Anniversary

President Donald Trump on Wednesday dedicated the Theodore Roosevelt Presidential Library in North Dakota, celebrating the legacy of the 26th U.S. president while tying Roosevelts leadership and patriotism to his own...

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

Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch has reportedly launched a private funding round led by venture capital giant Andreessen Horowitz, aiming to raise approximately $2 billion in fresh capital at a valuation approaching $50...

ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says

Indias ShareChat is preparing for a potential initial public offering (IPO) next year that could raise up to $400 million, according to a Bloomberg News report citing the companys chief financial officer. The move would...

Trump Administration to Launch Voluntary AI Standards for Frontier Models

The Trump administration is preparing to introduce a new set of voluntary standards for advanced artificial intelligence models as early as next week, according to a Financial Times report. The move is expected to provide...

Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain

Apple Inc. is reportedly in advanced discussions to source memory chips from Chinese semiconductor makers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Co. (YMTC), as the company works to secure...

Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google

Meta Platforms (NASDAQ: META) surged 8.8% on Wednesday after a Bloomberg report revealed the company is preparing to enter the cloud infrastructure market by offering excess artificial intelligence (AI) computing capacity...