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Pinduoduo to invest in agricultural technology, nurture young talent to promote digital inclusion

Dec 07, 2021 04:33 am UTC| Business

Pinduoduo, Chinas largest agriculture platform, sees technology and talent as the twin driving forces that can help raise productivity in farming and bring more economic benefits to the countrys rural communities. The...

Samsung Life faces probe for improperly benefitting affiliate

Dec 07, 2021 02:18 am UTC| Law Economy Business

The countrys top antitrust regulator Korea Fair Trade Commission (KFTC) could probe Samsung Life Insurance for violating shareholder regulations in allegedly providing improper benefits to another affiliate. It is...

Starbucks Reserve Roastery Tokyo now serving caramel cappuccino spiked with rum

Dec 06, 2021 21:59 pm UTC| Economy Business Life

The Starbucks Reserve Roastery in Tokyo is now serving a cappuccino spiked with a touch of rum called the Kinema Cappuccino and topped with caramel popcorn and craft caramel sauce for $17.44. It is available in hot and...

Suntory develops 100% plant-based PET bottle

Dec 06, 2021 21:52 pm UTC| Science Nature Economy Business

The Suntory Group has created a prototype polyethylene terephthalate (PET) bottle made from 100 percent plant-based materials as a crucial step toward eliminating all petroleum-based virgin plastic from its bottles and...

Nevada judge tasked to define 'Mexican' food in chopped salads dispute

Dec 06, 2021 21:47 pm UTC| Law Economy Business

A US judge has been tasked to decide what makes cuisine Mexican in a Nevada lawsuit that hinges on whether what a salad chain is serving falls under the classification. Café Rio Mexican Grills restaurant in a...

LeBron James' next Nike signature shoe to debut Dec. 19 in Space Jam color scheme

Dec 06, 2021 19:50 pm UTC| Sports Economy Business

LeBron James 19th signature shoe will debut in the Uniform Hook makeup on December 19 via the brands SNKRS website, according to Nike. The announcement directly references the blue and orange uniforms that James and the...

Better.com fires 900 employees via Zoom meeting

Dec 06, 2021 10:25 am UTC| Business Economy

Better.com recently announced a massive layoff of employees, and this was shockingly done via Zoom meeting. It was the mortgage companys chief executive officer, Vishal Garg, who personally fired 900 employees while on a...

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Economy

Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer

Brazils government will remove its gasoline subsidy much sooner than the diesel subsidy, opting for a gradual approach to prevent disruptions in the countrys fuel market while maintaining its fiscal-neutrality goals....

Denmark Central Bank Intervenes to Support Krone Peg Against Euro

Denmarks central bank stepped into the foreign exchange market in June for the first time in more than six years to support the Danish krone after the currency weakened to its lowest level against the euro in over 25...

Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations

Gold prices rallied sharply on Thursday, with spot gold climbing more than 2% after a weaker-than-expected U.S. jobs report reduced expectations for additional Federal Reserve interest rate hikes. The softer labor market...

Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend

Oil prices traded little changed on Thursday as investors paused after weeks of sharp declines that pushed crude benchmarks back to levels seen before the recent U.S.-Iran conflict. Improved shipping activity through the...

Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble

Wall Street closed mixed on Thursday as losses in technology shares, led by semiconductor companies and Tesla, offset optimism from a weaker-than-expected U.S. jobs report that reduced expectations for additional Federal...

Politics

Russian Attacks Kill Three in Eastern Ukraine as Civilian Casualties Mount

Russian attacks across eastern Ukraine killed at least three people on Thursday, including a seven-year-old child, while several others were injured in strikes targeting multiple regions, according to Ukrainian regional...

DHS Investigates Cyber Breach in Homeland Security Information-Sharing Network

The U.S. Department of Homeland Security (DHS) has launched an investigation into a cybersecurity breach involving an unnamed government information-sharing network, raising fresh concerns about the security of sensitive...

Trump Accounts Now Accept Stock Donations as Treasury Launches New Child Investment Program

Individuals and businesses will soon be able to donate publicly traded stocks to Trump Accounts, the government-backed investment accounts created under President Donald Trumps landmark tax and immigration law, according...

South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan

South Korea signaled heightened vigilance over its currency market on Thursday, with Vice Finance Minister Huh Chang saying the government is maintaining close communication with Japan and other major partners on foreign...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...

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

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027

Apple is reportedly preparing one of its most ambitious iPhone product cycles in years, with plans to significantly expand its smartphone lineup through 2027 while increasing production targets for its highly anticipated...

Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production

Samsung Group has unveiled a major investment plan worth 140 trillion won (approximately $90 billion) to strengthen South Koreas technology manufacturing sector, with a strong focus on artificial intelligence (AI),...

Super Micro Employees Detained in Taiwan AI Server Export Investigation

Super Micro Computer (NASDAQ: SMCI) said two employees at its Taiwan subsidiary have been detained pending a court hearing, while two others were released on bail after being questioned in an investigation into the alleged...

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...