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EU consumes more electricity from renewable sources than fossil fuel for first time in 2020

Jan 25, 2021 14:25 pm UTC| Economy Business

Europeans got 38 percent of their electricity from renewable sources last year, surpassing fossil fuels, which accounted for 37 percent, for the first time. According to an annual report from Ember and Agora...

Huawei's selling of P and Mate brands signals exit from high-end smartphone-manufacturing

Jan 25, 2021 14:14 pm UTC| Economy Business

Huawei Technologies is in talks to sell its premium smartphone brands P and Mate to a group led by Shanghai government-backed investment firms, which could signal the start of the companys exit from high-end...

Taiwan's TSMC vows to prioritize auto chip production amid global shortage

Jan 25, 2021 13:50 pm UTC| Economy Business

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) vowed to increase auto chip production capacity and make the process more efficient, amid a global shortage that has hampered car production. According to TSMC, its...

South Korea: Beauty store outlets gravely suffers amid the COVID-19 pandemic

Jan 25, 2021 10:40 am UTC| Business Economy

South Korea is a well-known region for cosmetics, and in fact, it can be considered as the center for beauty products. The countrys K-beauty industry blossomed, and franchises from the leading local cosmetic companies have...

South Korea: Lotte and Shilla are closing duty-free stores at Incheon Airport

Jan 25, 2021 10:00 am UTC| Business Economy

Lotte and Shilla are two of South Koreas leading major duty-free operators. Both have opened outlets inside the Incheon Airport Terminal 1, but they will be vacating the area next month, according to the reports. The...

Debenhams: Boohoo acquires the British retail company’s online stores

Jan 25, 2021 09:38 am UTC| Business

Debenhams has many outlets in the U.K. and overseas, and like most of the companies that were affected by the COVID-19 pandemic, the British global retailer is also losing money, which forced it to close down some of its...

US Gambling Market Shifts Heavily to Online Sports Betting

Jan 25, 2021 08:55 am UTC| Business

The traditional epicenter of American gambling has been Las Vegas and Atlantic City casinos. Placing a bet used to mean wagering in person at a blackjack table, slot machine, or racetrack. However, as more US states...

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Economy

Trump Meets Vietnam’s To Lam, Signals Easing of U.S. Tech Restrictions and Announces New 10% Tariff

President Donald Trump met with Vietnamese leader To Lam at the White House on Friday, marking their first formal in-person talks and signaling a potential shift in U.S.-Vietnam relations. According to a summary published...

Trump Imposes Temporary 10% Global Tariff After Supreme Court Blocks Earlier Trade Duties

U.S. President Donald Trump has announced a temporary 10% global import tariff after the Supreme Court struck down his previous tariff program imposed under the International Emergency Economic Powers Act (IEEPA). The new...

USTR Launches New Section 301 Trade Investigations After Supreme Court Tariff Ruling

U.S. Trade Representative Jamieson Greer announced Friday that his office will begin several new investigations under Section 301 of the Trade Act of 1974, signaling a renewed focus on U.S. trade enforcement. The move...

U.S. Stocks Rally as Supreme Court Blocks Trump Tariffs, Boosting Tech Giants

U.S. stocks closed higher on Friday after the Supreme Court struck down President Donald Trumps global tariffs, easing investor concerns and lifting major Wall Street indexes. The 6-3 ruling invalidated tariffs introduced...

Gold Prices Rise in Asian Trade Amid U.S.-Iran Tensions, Weekly Losses Loom

Gold prices moved higher in Asian trading on Friday, extending gains for a third consecutive session as investors reacted to escalating U.S.-Iran tensions and positioned themselves ahead of key U.S. inflation data. Despite...

Politics

Supreme Court Reviews Trump Administration Policies on Tariffs, Immigration, and Federal Power

Since President Donald Trump returned to office in January 2025, the U.S. Supreme Court has taken up a wide range of high-stakes cases challenging his administrations policies. The rulings and pending decisions touch on...

Pedro Sanchez Challenges U.S. Policy as Spain Navigates Tensions with Trump Administration

Spanish Prime Minister Pedro Sanchez has adopted an increasingly defiant stance toward U.S. policy, a move that resonates with many Spanish voters but risks straining SpainU.S. relations. As one of Europes few prominent...

Yoon Suk Yeol Apologizes After Life Sentence for Martial Law Decree in South Korea

Former South Korean President Yoon Suk Yeol has issued a public apology following his life sentence for orchestrating what a Seoul court described as an insurrection linked to his brief declaration of martial law in...

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,...

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

Microsoft Gaming Leadership Overhaul: Phil Spencer Retires, Asha Sharma Named New Xbox CEO

Microsoft has announced a major leadership transition in its gaming division, as longtime executive Phil Spencer retires after 38 years with the company. The move marks a significant shift for Microsoft Gaming at a time...

OpenAI Targets $600B Compute Spend as IPO Valuation Could Reach $1 Trillion

OpenAI is reportedly planning a massive expansion of its artificial intelligence infrastructure, targeting approximately $600 billion in total compute spending through 2030. According to a source cited by Reuters, the...

Alibaba, Baidu, BYD Shares Slide After Pentagon Military List Update

Alibaba Group, Baidu, and electric vehicle giant BYD saw their Hong Kong-listed shares fall sharply on Friday after the companies were briefly included on a U.S. Pentagon list of firms allegedly linked to the Chinese...

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...