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Mon, Jul 06, 2026 02:48 PM All times are UTC

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Nike warns employees of looming layoffs after posting dismal sales

Jun 28, 2020 15:59 pm UTC| Business

Nike CEO John Donahoe warned employees of looming layoffs after announcing it suffered a sales decrease of 38 percent and a net loss of $790 million in the fiscal fourth quarter. According to an email sent to employees,...

Japanese carmakers suffer poor sales in S. Korea

Jun 28, 2020 15:55 pm UTC| Business

The sales of five Japanese brands Toyota, Lexus, Honda, Nissan, and Infiniti plunged 62 percent to 1,672 units in the first five months of the year from 4,415 a year ago due to the trade row between the two countries and...

Microsoft to close physical stores to focus on online sales

Jun 28, 2020 15:44 pm UTC| Business

Microsoft will permanently close nearly all of its physical stores worldwide in a strategic change for its retail business as sales increasingly shift online. To implement the strategy, the company would reimagine the...

“Worst-ever environmental catastrophe in Arctic” can cost Norilsk Nickel and its owner Vladimir Potanin $1.4 billion

Jun 28, 2020 02:45 am UTC| Business

Author: James Carnell Greenpeace estimates the environmental damage to Arctic marine ecosystem caused by the recent oil leakage from a failed diesel tank near Russian city of Norilsk at $1.4 billion. It will take at...

Hyundai leans on upgraded Genesis G90 to boosts sales

Jun 27, 2020 16:50 pm UTC| Business

Hyundai Motor Co. will launch the upgraded G90 flagship sedan under its Genesis brand next month to boost sales, with prices ranging from 79 million to 160 million won. The new G90 would be fitted with either a...

S. Korea's WeMade gains court's nod in IP lawsuit against Chinese firm

Jun 27, 2020 16:44 pm UTC| Business

A Singapore-based arbitration court ordered three firms led by the Chinese gaming company Shanda Game to pay compensatory damages to ChuanQi IP for using an online games name after their software license agreement (SLA)...

Why Online Poker Is Thriving Amidst the Current Economic Crisis

Jun 26, 2020 16:07 pm UTC| Business

The coronavirus lockdown has shuttered businesses, sent millions of furloughed employees back home and spelled a gloomy outlook on the worlds economy. Yet, for all these drawbacks, online traffic has soared, and people...

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Economy

Gold Price Today: Gold Slips as Dollar Rebounds Ahead of Fed Minutes

Gold prices edged lower on Monday as the U.S. dollar regained ground after last weeks sharp decline, with investors awaiting the Federal Reserves June meeting minutes for fresh clues on the outlook for U.S. interest rates....

Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone

The U.S. dollar strengthened modestly on Monday, recovering some of last weeks losses as the euro and British pound weakened ahead of key economic data releases and the Federal Reserves June meeting minutes. Investors...

Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market

Oil prices edged lower in early Asian trading on Monday after OPEC+ agreed to increase production targets for August, adding to expectations of stronger global crude supplies and easing concerns over disruptions in the...

US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings

U.S. stock index futures moved higher on Sunday evening as investors prepared for a key week featuring the release of the Federal Reserves June meeting minutes and the unofficial start of the second-quarter earnings...

Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand

Gold prices climbed during Asian trading on Monday as a weaker U.S. dollar and fading expectations of another Federal Reserve interest rate hike this year supported demand for the precious metal. The recovery extended...

Politics

China Submarine Missile Test Sparks Concern Across Asia-Pacific

China conducted a missile test from a nuclear-powered submarine into the Pacific Ocean on Monday, prompting concern from Japan, Australia, and New Zealand over regional security and military transparency. According to...

UN Rights Council Launches Sudan Probe Over RSF Violence in al-Obeid

The United Nations Human Rights Council on Monday approved a resolution condemning the escalating violence allegedly carried out by Sudans paramilitary Rapid Support Forces (RSF) in the city of al-Obeid and authorized an...

Russia Strikes Kyiv as Ukraine Faces Patriot Missile Shortage Before NATO Summit

Russia launched a massive overnight missile and drone attack on Kyiv early Monday, killing at least 12 people and injuring more than 50, as Ukraine struggled to intercept ballistic missiles due to a critical shortage of...

Sara Duterte Impeachment Trial Opens, Putting 2028 Philippine Election in Focus

The impeachment trial of Philippine Vice President Sara Duterte officially began on Monday, marking the first impeachment proceedings against a sitting vice president in the countrys history. The closely watched case is...

Flavio Bolsonaro Urges Trump to Delay Brazil Tariffs Until After 2026 Election

Brazilian Senator Flavio Bolsonaro is set to ask the Trump administration during a hearing in Washington on Monday to postpone a proposed 25% tariff on Brazilian goods until after Brazils October 2026 presidential...

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

Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone

Bank of America upgraded T-Mobile US (NASDAQ: TMUS) to Buy from Neutral on Monday, arguing that the recent selloff in telecom stocks has created an attractive buying opportunity and that investors are overstating the...

Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand

Foxconn, officially known as Hon Hai Precision Industry, reported a sharp rise in second-quarter revenue as booming demand for artificial intelligence infrastructure continued to drive growth across its cloud and...

Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook

Citi has raised its target price for Taiwan Semiconductor Manufacturing Co. (TSMC) to NT$3,800 from NT$2,875, while maintaining its Buy rating, citing stronger confidence in the chipmakers long-term growth as demand for...

AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says

Concerns that a new wave of investment announcements by South Korean memory chipmakers could trigger another memory chip oversupply cycle may be exaggerated, according to Nomura analysts, who believe strong artificial...

Samsung Q2 Profit Seen Soaring as AI Memory Demand Keeps Chip Prices Elevated

Samsung Electronics is expected to report another record-breaking quarter as booming artificial intelligence (AI) demand continues to fuel higher memory chip prices and tighten global supply. Analysts estimate the South...