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10 Nordic Companies Worth Investing

Jul 30, 2020 12:43 pm UTC| Business

If you are an international investor looking to find high-quality companies that are on the rise, then its worth mentioning that the Nordic stock market has top companies that are definitely worth investing in. That being...

PayPal's profits surge 86%

Jul 30, 2020 11:43 am UTC| Business

PayPal Holdings Inc. beat Wall Street estimates with an 86 percent increase in quarterly profit due to a widespread shift to online spending amid the pandemic. The company expects the trends to continue and earnings per...

Asiana creditors bracing for collapse of Hyundai-led acquisition

Jul 30, 2020 07:35 am UTC| Business

Asiana Airlines creditors are looking at various options in the collapse of a deal to sell the carrier to a local consortium led by HDC Hyundai Development Co. Financial Services Commission (FSC) Chairman Eun Sung-soo...

AMC Theatres, Universal reach deal to bring new movies to homes earlier

Jul 30, 2020 05:42 am UTC| Business

Universal Pictures and AMC Theatres and have agreed to allow the studios movies to be made available to US audiences at home after 17 days in cinemas. Universal may offer movies via AMC Theatres On Demand and other...

Starbucks announces 'steady recovery' as stores reopen

Jul 29, 2020 21:27 pm UTC| Business

Starbucks announced that it is steadily recovering worldwide as 97 percent of stores have reopened with the easing of coronavirus-induced restrictions. Stores that are back in business include 96 percent in the US and...

Hyundai seeks to purchase GM's $300-M Russian plant

Jul 29, 2020 19:39 pm UTC| Business

South Koreas Hyundai Motor Co. submitted documents to the Russian government toward acquiring the $300 million GM plant in Saint Petersburg. A Hyundai Motor spokesman said that Russias anti-trust regulator would decide...

S. Korea to probe Tesla for possible faulty parts

Jul 29, 2020 09:44 am UTC| Business

South Korea has ordered a probe into Tesla Motors Inc.s Model 3 due to reports it may have faulty parts with its anti-lock brake system and the lane-keeping assist system. If the Model 3 was found to have faulty...

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Economy

MOEX Russia Index Ends Flat as Gold Prices Surge and Oil Mixed

Russian stocks finished Saturdays trading session largely unchanged, with the MOEX Russia Index closing flat at 0.00% in Moscow. Despite the steady headline figure, individual shares posted modest gains and losses,...

U.S. Supreme Court Strikes Down Trump Tariffs, Deepening Global Trade Uncertainty

The U.S. Supreme Court has struck down a significant portion of President Donald Trumps trade tariffs, ruling that the sweeping measures imposed under emergency powers were unlawful. While the decision marks a major legal...

USMCA Tariff Exemption Eases Pressure on Mexico and Canada, but Trade Risks Remain

Mexico (EWW) and Canada (EWC) received a temporary boost after the White House confirmed that goods shipped under the United States-Mexico-Canada Agreement (USMCA) will be largely exempt from the newly implemented 10%...

Asian Markets React to Trump’s New 10% Tariff After Supreme Court Blocks Key Trade Levies

Asian trading partners are reassessing their positions after U.S. President Donald Trump pledged to introduce a new 10% tariff on imports from all countries, just hours after the U.S. Supreme Court struck down several of...

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...

Politics

Islamic State Claims New Attacks on Syrian Army as Violence Escalates Under President Ahmed al-Sharaa

Islamic State (IS) has claimed responsibility for two new attacks targeting Syrian army personnel in northern and eastern Syria, signaling what the militant group describes as a new phase of operations against the countrys...

Thousands March in Lyon After Killing of Far-Right Activist Quentin Deranque

Thousands of demonstrators gathered in Lyon, France, on Saturday following the killing of 23-year-old far-right activist Quentin Deranque, whose death has intensified political tensions across the country. Deranque was...

Trump Approves FEMA Emergency Declaration After Massive Potomac River Sewage Spill

U.S. President Donald Trump has approved an emergency declaration for Washington, D.C., following a massive sewage spill into the Potomac River, triggering a coordinated federal response led by the Federal Emergency...

JPMorgan Closes Trump Accounts as $5 Billion Lawsuit Moves to New York

JPMorgan Chase Co. (NYSE: JPM) notified President Donald Trump and his hospitality business in February 2021 that it would terminate their bank accounts, according to newly disclosed letters filed in court. The documents...

Australia Denies Plans to Repatriate Citizens from Syrian Islamic State Camp

Australias centre-left Labor government has firmly denied reports that it is preparing to repatriate a group of Australians detained in a Syrian camp linked to suspected Islamic State militants. The clarification follows a...

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 Earnings Preview: AI Growth Outlook Remains Strong Beyond 2026

NVIDIA Corporation (NASDAQ: NVDA) is heading into its upcoming earnings report with Wall Street expecting another quarter of solid performance, driven by surging demand for artificial intelligence infrastructure. While...

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...