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Tue, Dec 30, 2025 02:19 AM All times are UTC

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Peloton confirms the departure of its key executives in major management shake-up

Sep 13, 2022 09:59 am UTC| Business Economy

Peloton is currently going through a major management shakeup and announced the departure of its co-founders, John Foley and Hisao Kushi. The former is also serving as the companys chairman. Pelotons broad executive...

JPMorgan Chase agreed to acquire Renovite fintech

Sep 13, 2022 08:57 am UTC| Business Economy

JPMorgan Chase acquired Renovite payment fintech startup to rival Stripe and Block, and other fintech companies. The deal was also made to repel threats from its competitors. JPMorgan Chase is one of the major firms in...

Disney chief rejects calls to spin off ESPN, Daniel Loeb backs off

Sep 13, 2022 08:17 am UTC| Business Economy

Walt Disney chief executive officer Bob Chapek rejected the calls of investors to spin off its sports cable channel, ESPN. The call has been spearheaded by billionaire and activist investor, Daniel Loeb. Chapek said...

HiteJinro, truck drivers reach an agreement to end long-running strike

Sep 13, 2022 07:47 am UTC| Business Economy

HiteJinro and its striking truck drivers have finally reached an agreement to resolve the conflict over working conditions. This development put an end to the strike that lasted for four months. The truckers who are...

Burger King announces $400M 'Reclaim the Flame' investment for sales recovery in the US

Sep 13, 2022 07:29 am UTC| Business Economy

Burger King reveals its plan for sales recovery in the United States. The fast-food giant is investing $400 million in fresh advertising, remodelling of its restaurants, enhancement of its app, and more. Burger King...

Darigold to process 8 million pounds of milk per day in $600 million plant

Sep 13, 2022 00:48 am UTC| Life Economy Business

Darigold has broken ground on a $600 million processing facility to be built in Pasco, Washington that will process 8 million pounds of milk per day. It is expected to be operational by early 2024. The Pasco facility...

KFC teams up with PepsiCo on limited-edition Ruffles potato chips

Sep 12, 2022 22:56 pm UTC| Life Economy Business

KFC will add its herb and spice mix to Ruffles ridged chips in a collaboration with PepsiCo Foods Canada to create the new Ruffles KFC Original Recipe Chicken-flavored potato chips. Katherine Bond-Debicki, CMO, KFC...

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Economy

European Markets Mixed as Pound Weakens and Major Corporate Deals Emerge

European financial markets opened the week on a cautious note as investors returned after the long Christmas holiday weekend. British stocks were largely flat at Mondays open, while the pound sterling weakened against the...

Silver Prices Hit Record Highs: How Silver Is Traded and Why Demand Is Surging

Silver prices surged past $80 an ounce for the first time on Monday, driven by a powerful combination of industrial demand, investor interest, persistent supply shortages, and momentum-based trading. The rally briefly...

Gold Prices Ease After Record Highs as Dollar Firms, Broader Bullish Outlook Intact

Gold prices edged lower on Monday after reaching record highs in the previous session, as some investors opted to lock in profits and the U.S. dollar strengthened modestly. Despite the pullback, gold continues to draw...

China to Cut Import Tariffs on Key Commodities and Medical Products From Next Year

China has announced a new round of tariff adjustments set to take effect next year, signaling continued efforts to support domestic industries, enhance supply chains, and promote economic stability. According to a...

European Defense Stocks Slide as Trump Signals Progress in Ukraine-Russia Peace Talks

European defense stocks moved lower on Monday after comments from U.S. President Donald Trump suggested renewed momentum in peace negotiations between Ukraine and Russia, dampening near-term expectations for sustained...

Politics

Russia Accuses Ukraine of Drone Plot Against Putin as Peace Talks Face New Strain

Russia and Ukraine exchanged sharp accusations on Monday after Moscow claimed that Ukraine attempted to attack President Vladimir Putins residence with drones, an allegation Kyiv firmly rejected as false and provocative....

China Conducts Largest-Ever Live-Fire War Games Around Taiwan Amid Rising Cross-Strait Tensions

China has launched 10 hours of live-firing military exercises around Taiwan, marking the second day of what Beijing describes as its largest-ever war games encircling the island. The drills, carried out under the Eastern...

Bukele Signals Willingness to Extend Power as El Salvador’s Term Limits Are Scrapped

El Salvadors President Nayib Bukele has again fueled debate over democracy and constitutional order after stating he would be open to remaining in power for another decade. Bukele, who first took office in 2019 and is...

Lavrov Says Russia Holds Strategic Initiative in Ukraine as Settlement Talks Continue

Russian Foreign Minister Sergei Lavrov has stated that Russia maintains the strategic initiative in Ukraine, emphasizing that Western nations must accept the current battlefield realities as discussions on a potential...

Trump and Netanyahu Diverge on West Bank Policy Amid Rising Tensions

U.S. President Donald Trump acknowledged that he and Israeli Prime Minister Benjamin Netanyahu do not fully agree on the future of the Israeli-occupied West Bank, highlighting ongoing divisions over one of the most...

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...