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AB InBev CEO leaves post and company shares soar

May 07, 2021 06:56 am UTC| Business Economy

AB InBev, the brewing company, based in Leuven, Belgium, has appointed a new chief after Carlos Brito stepped down after serving for 15 years. He will be officially leaving Anheuser-Busch InBev in July. As per Fox...

Namyang Dairy may be ordered to temporarily shut down two plants in Sejong

May 07, 2021 05:45 am UTC| Business Economy

Namyang Dairy is reportedly facing the risk of being asked to close down two of its plants in Sejong City over breach of the Act on the Labeling and Advertising of Foods law. It was said that its production facilities may...

ECUADOR VIOLATED THE HUMAN RIGHTS OF ROBERTO AND WILLIAM ISAIAS AND THE UNITED NATIONS ORDERS "FULL REPARATION"

May 07, 2021 00:49 am UTC| Business

The Human Rights Committee of the United Nations at its 116th session held from 7 to 31 March 2016 in Communication No. 2244/2013, established a historic precedent for the protection of human rights and due process with...

How to Enter the Chinese Luxury Market

May 07, 2021 00:46 am UTC| Business

Overview Chinas luxury market has grown steadily at high rates over the past few decades. With such growth, China is predicted to become the worlds biggest luxury market by 2025, according to many expert reports....

China's Huawei and ZTE left out of India's 5G trials

May 06, 2021 21:05 pm UTC| Economy Business

Indias telecom ministry has left out Chinese equipment makers Huawei and ZTE from its 5G trials, while granting permission to a dozen others, including Ericsson, Nokia, and Samsung. The trials would last for six...

Ferrero exceeds 2022 deforestation, sustainability targets

May 06, 2021 20:54 pm UTC| Economy Business

Ferrero Group claims it has either met or exceeded over half of its 2022 targets under the Cocoa Forests Initiative (CFI) during the 2019/20 reporting period. the Italian confectionery company has mapped over 123,000...

Japan takes steps against Chinese and Korean strawberry copycats

May 06, 2021 19:56 pm UTC| Economy Business

Japans government and its companies are taking steps to protect the image and integrity of Japan-developed agricultural products against Chinese and South Korean copycats. Japan has revised the Plant Variety Protection...

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Economy

Oil Prices Climb Amid U.S.-Iran Tensions and Declining Global Crude Supplies

Oil prices moved higher on Friday as escalating tensions between the United States and Iran heightened fears of potential supply disruptions in global energy markets. Investors reacted after Washington warned that Tehran...

Dollar Posts Strongest Weekly Gain Since October on Hawkish Fed and U.S.-Iran Tensions

The U.S. dollar is on track to record its strongest weekly performance since October, supported by upbeat economic data, a hawkish Federal Reserve outlook, and rising geopolitical tensions between the United States and...

Indonesia–U.S. Reciprocal Trade Agreement Signals New Era of Economic Partnership

Indonesia and the United States have officially signed a reciprocal trade agreement, marking a significant step forward in strengthening bilateral economic ties. The Indonesian Ministry of Economic Affairs confirmed that...

Kim Jong Un Claims Economic Recovery as North Korea Opens Ninth Party Congress

North Korean leader Kim Jong Un declared that the country has overcome recession and achieved major economic goals over the past five years as he opened the Ninth Party Congress, according to state media KCNA. The...

U.S. Stocks Slip as Hawkish Fed Minutes Weigh on Markets; Walmart Shares Fall

U.S. stocks closed lower on Thursday after the Federal Reserves latest meeting minutes signaled a more hawkish stance on interest rates than investors had anticipated. The SP 500 declined 0.3% to 6,862.16, while the Nasdaq...

Politics

Trump Proposes Ban on Large Investors Buying Single-Family Homes

The White House has formally outlined President Donald Trumps proposal to restrict large-scale real estate investors from purchasing additional single-family homes, according to a report by The Wall Street Journal. In a...

Trump Orders Release of UFO and UAP Government Files on Alien Life

U.S. President Donald Trump announced Thursday that he will instruct Defense Secretary Pete Hegseth and other relevant federal agencies to begin identifying and releasing classified government files related to alien life,...

Alberta Referendum on Immigration Sparks Debate Over Provincial Control and Population Growth

Alberta Premier Danielle Smith has announced a province-wide referendum this fall that will ask residents whether the provincial government should limit the number of new international students, temporary foreign workers,...

Argentina Labor Reform Vote Sparks Nationwide Strike and Flight Cancellations

Argentinas lower house of Congress is preparing to vote on a controversial labor reform bill backed by libertarian President Javier Milei, as a nationwide strike led by the countrys largest union disrupts transport,...

Venezuela Approves Limited Amnesty Bill Amid Hunger Strike and Political Prisoner Debate

Venezuelas ruling party-controlled legislature has approved a limited amnesty bill that human rights organizations say does not go far enough to free hundreds of political prisoners. The vote comes as family members of...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Nvidia Nears $30 Billion Investment in OpenAI, Replacing Previous $100 Billion AI Partnership

Nvidia is reportedly close to finalizing a $30 billion investment in OpenAI, marking a major shift in the companies artificial intelligence partnership. According to a Financial Times report published Thursday, the new...

Meta Platforms Cuts Equity Awards Again Amid Massive AI Investment Push

Meta Platforms Inc (NASDAQ: META) has reduced equity-based compensation for most employees for the second consecutive year, according to a report by the Financial Times. The tech giant has trimmed its annual stock option...

Bill Gates Pulls Out of India’s AI Impact Summit Amid Controversy and Event Mismanagement

Bill Gates withdrew from Indias AI Impact Summit just hours before his scheduled keynote address, dealing a major setback to the high-profile artificial intelligence event in New Delhi. The Gates Foundation confirmed that...

OpenAI Nears $100 Billion Funding Round at $850 Billion Valuation: Bloomberg Report

OpenAI is reportedly close to completing the first phase of a massive new funding round expected to raise more than $100 billion, according to a Bloomberg report citing sources familiar with the matter. The deal could push...

Microsoft Responds to ICE Surveillance Concerns Amid Azure Cloud Expansion

Microsoft said Wednesday it does not believe U.S. Immigration and Customs Enforcement (ICE) is using its technology for mass surveillance of civilians, following a report that the agency significantly expanded its use of...