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Fri, May 01, 2026 06:46 AM All times are UTC

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US workers permanently lose 3.8 million jobs

Oct 03, 2020 23:28 pm UTC| Business

The number of workers in the US that have permanently lost their jobs surged 345,000 in September to a seven-year high of 3.8 million, up to 35.6 percent in September from just 11.1 percent in April. The labor market...

US appeals court reinstates verdict asking Teva to pay $235.5 million to GSK

Oct 03, 2020 00:00 am UTC| Business

The U.S. Federal Circuit Court of Appeals in Washington, D.C. reinstated a 2017 jury verdict ordering Teva Pharmaceutical Industries Ltd to pay $235.5 million to GlaxoSmithKline Plc for selling a generic version of a heart...

UK ferry operator P&O to scrap route to Belgium due to COVID impact

Oct 02, 2020 23:54 pm UTC| Business

PO Ferries will scrap its loss-making route between Hull and Zeebrugge, Belgium due to a coronavirus-induced sharp drop in demand. The ferry operator said it had to take difficult action due to the extended impact of...

Hyundai's US retail sales surge 7% in Q3

Oct 02, 2020 23:32 pm UTC| Business

Hyundai Motor Co. sold 161,354 units in the US via retail in the third quarter, up 7 percent from the same period last year due to rising demand for its sport utility vehicles. According to Randy Parker, vice president...

Too much sugar keeps Subway's rolls from being classified as bread in Ireland

Oct 02, 2020 00:00 am UTC| Business

Irelands Supreme Court ruled that the rolls that Subway uses in its hot sandwiches contain too much sugar to be considered as bread and entitled to zero VAT charges. The court concluded that the sugar content is around...

H&M to close 250 stores as it accelerates digital investment

Oct 01, 2020 23:57 pm UTC| Business

Swedens HM, the worlds second-biggest fashion retailer, plans to cut 250 of its stores 5,000 stores beginning next year as it accelerates plans to increase digital investment. The Stockholm-based firm said it would also...

Burger King hopes to crown itself with a Michelin star

Oct 01, 2020 23:51 pm UTC| Business

Burger King has launched a petition demanding a Michelin star for its new Master Angus burger, which elicited a response on Facebook from the Michelin Guides social media team. In its reply to the post by Burger King...

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Economy

Oil Prices Rise Amid Iran Conflict and Strait of Hormuz Disruption

Oil prices climbed on Friday as geopolitical tensions in the Middle East continued to unsettle global energy markets. Efforts to resolve the ongoing conflict involving Iran remain stalled, with Tehran maintaining its...

Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions

Asian stock markets edged higher on Friday in thin holiday trading, following record-breaking gains on Wall Street, while investors remained cautious about escalating tensions between the United States and Iran. Trading...

Gold Prices Hold Steady as Iran War and Interest Rate Outlook Weigh on Markets

Gold prices stabilized during Asian trading on Friday, showing slight gains after two consecutive months of losses. Investors remain cautious as uncertainty surrounding the Iran war and its impact on global inflation and...

Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions

The Japanese yen slipped on Friday after a sharp surge in the previous session, which was widely attributed to suspected currency market intervention by Tokyo. Meanwhile, the U.S. dollar stabilized following notable losses...

Tokyo Inflation Slows Despite Energy Pressures and BOJ Policy Outlook

Tokyos latest inflation data showed mixed signals in April, highlighting the complex balance between rising global energy costs and domestic government intervention. Japan inflation trends remain a key focus for investors,...

Politics

U.S. Flags Vietnam as “Priority Foreign Country” Over Intellectual Property Concerns

The Office of the United States Trade Representative (USTR) has officially designated Vietnam as a Priority Foreign Country in its latest annual intellectual property (IP) report, signaling heightened concern over the...

Japan Eases Arms Export Rules, Opening Door for Potential Ukraine Defense Support

Japans recent relaxation of its weapons export rules could pave the way for future discussions on supplying military equipment to Ukraine, according to Kyivs ambassador to Tokyo. The policy shift, led by Prime Minister...

FEMA Reinstates Employees After Dissent Letter, Signaling Shift in Workforce Stability

The U.S. Federal Emergency Management Agency (FEMA) has reinstated more than a dozen employees who were placed on administrative leave in August 2025 after signing a public letter criticizing agency leadership and...

Iran Threatens Prolonged Strikes as Strait of Hormuz Crisis Drives Global Oil Surge

Iran has warned it will launch long and painful strikes against U.S. positions if Washington escalates military action, intensifying tensions in the ongoing U.S.-Israeli conflict with Tehran. The situation has...

Lula Plans New Supreme Court Nomination After Historic Senate Rejection

Brazilian President Luiz Inácio Lula da Silva is preparing to submit a new nominee for the Supreme Federal Court after the Senate rejected his initial choice, marking a historic political setback. According to...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...

Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island

Taiwan has activated emergency backup communications for Dongyin, its northernmost and strategically important island, after an undersea cable was damaged due to shifting shipwreck debris caused by severe weather. The...

Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings

Meta Platforms has increased its full-year capital expenditure guidance for 2026, signaling continued aggressive investment in artificial intelligence infrastructure despite rising costs and market concerns. The company...

Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges

Amazon (AMZN) shares slipped 2.6% in after-hours trading on Wednesday, even after the company delivered record-breaking quarterly earnings that exceeded Wall Street expectations. The decline reflects investor concerns over...