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Wed, Jun 24, 2026 12:14 AM All times are UTC

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Starbucks CEO Announces Job Cuts to Streamline Operations

Jan 18, 2025 02:06 am UTC| Business

Starbucks CEO Brian Niccol announced plans to reduce jobs within support teams to enhance efficiency as part of the companys turnaround strategy. The changes, expected to be revealed by early March, will not impact...

BlackRock Settles ESG Disclosure Dispute with Tennessee Attorney General

Jan 18, 2025 02:01 am UTC| Business

BlackRock, the worlds largest asset manager with $11.6 trillion under management, has reached a settlement with Tennessee Attorney General Jonathan Skrmetti over its use of sustainable-investment factors. The agreement...

Supreme Court Decision Puts TikTok in Jeopardy Amid National Security Concerns

Jan 18, 2025 01:43 am UTC| Business

The U.S. Supreme Court upheld a law banning TikTok unless its Chinese parent company, ByteDance, divests ownership, putting the app at risk of being shut down in two days. The unanimous ruling highlights national security...

The Silicon Valley venture capitalists who want to ‘move fast and break things’ in the defence industry

Jan 17, 2025 14:37 pm UTC| Insights & Views Technology Business

Im a propagandist, Ill twist the truth, Ill put forward only my version of it if I think thats going to propagandise people to believe what I need them to believe. This is not a soundbite from a particularly ebullient...

The LA fires have prompted a reckoning for the insurance industry – Australian premiums could soar as a result

Jan 17, 2025 14:35 pm UTC| Insights & Views Business

A series of wildfires in Los Angeles County have caused widespread devastation in California, including at least 24 deaths and the destruction of more than 12,000 homes and structures. Thousands of residents have been...

US ‘TikTok refugees’ are fleeing to Chinese app RedNote. It’s a new phase of the digital cold war

Jan 17, 2025 14:35 pm UTC| Insights & Views Technology Business

Social media giant TikTok is preparing to shut down its app in the United States this Sunday the day that legislation signed by President Joe Biden last year banning the app takes effect. There is a slim chance this...

Meta’s shift to ‘community notes’ risks hurting online health info providers more than ever

Jan 17, 2025 14:34 pm UTC| Insights & Views Business Health

Last week, social media giant Meta announced major changes to its content moderation practices. This includes an end to its fact-checking program, starting with the United States. Metas platforms which include Facebook,...

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Economy

Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns

Global oil prices moved lower on Tuesday, extending losses from the previous session as concerns over supply disruptions eased following signs of increased shipping activity through the Strait of Hormuz and a temporary...

Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off

U.S. stocks closed lower on Tuesday as a sharp sell-off in technology shares weighed heavily on Wall Street. Concerns surrounding artificial intelligence (AI) demand intensified after a major decline in South Koreas...

US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge

The U.S. dollar strengthened on Tuesday, reaching its highest level in more than a year as investors continued to react to the Federal Reserves unexpectedly hawkish stance. Growing expectations of future interest rate...

Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review

Singapores inflation rate remained subdued in May 2026, with both headline and core consumer price inflation coming in below market expectations, reinforcing expectations that the Monetary Authority of Singapore (MAS) may...

South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure

South Korean stocks suffered a sharp decline on Tuesday, with the benchmark KOSPI plunging nearly 6% as investors rushed to lock in profits after a historic rally driven by artificial intelligence (AI) optimism,...

Politics

U.S. Eases Iran Team Travel Restrictions Ahead of Seattle World Cup Match

The United States has relaxed travel restrictions for Irans national soccer team ahead of its upcoming FIFA World Cup match in Seattle, allowing the squad to enter the country two days before kickoff instead of just one...

Peru Election Dispute Deepens as Roberto Sanchez Rejects Runoff Results

Perus presidential election dispute intensified on Tuesday after leftist candidate Roberto Sanchez announced that he would not recognize the outcome of the tightly contested presidential runoff, alleging electoral fraud...

Marco Rubio Seeks Gulf Support for U.S.-Iran Peace Deal Amid Regional Concerns

U.S. Secretary of State Marco Rubio has begun a diplomatic tour of the Gulf region as the Trump administration works to ease concerns over its newly signed peace agreement with Iran. Rubio arrived in the United Arab...

Russia Signals Frustration Over Unfulfilled U.S. Commitments After Alaska Summit

Russia has intensified its criticism of the United States, accusing Washington of failing to honor key understandings reached between Russian President Vladimir Putin and U.S. President Donald Trump during their Alaska...

Trump Highlights Manufacturing Agenda in Pennsylvania as Midterm Elections Approach

U.S. President Donald Trump returned to the campaign trail on Tuesday with a visit to Pennsylvania, a crucial battleground state, as he sought to strengthen support ahead of the November midterm elections. Speaking at a...

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

Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock

Cerebras Systems delivered a strong revenue outlook for 2026 that exceeded Wall Street expectations, but investors remained cautious as the companys profit margin forecast highlighted the challenges of competing with AI...

SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist

SpaceX (NASDAQ: SPCX) recovered modestly on Tuesday, closing 0.9% higher at $156.06 after briefly falling below its post-IPO opening price during intraday trading. The stock touched a low of $147.11, slipping beneath the...

Alphabet Replaces Verizon in Dow Jones Industrial Average

Alphabet (NASDAQ: GOOGL), the parent company of Google, will replace Verizon Communications in the Dow Jones Industrial Average (DJIA) effective June 29, according to an announcement from SP Dow Jones Indices on Tuesday....

Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy

Tencent Holdings (HK:0700) is reportedly exploring potential exits from several investments in Japanese game developers, including its stake in Marvelous Inc. (TYO:7844), as the Chinese technology giant reevaluates its...

WiseTech Global Denies Knowledge of Investigation Into Founder Richard White

Australia-based logistics software company WiseTech Global (ASX: WTC) has stated that it is unaware of any investigation involving its Executive Chair and founder, Richard White, following media reports that triggered a...