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NFTs to help push sports memorabilia market to $227 billion by 2032

Jul 07, 2022 23:22 pm UTC| Sports Technology Economy Business

The sports memorabilia market is set to hit US$227.2 billion by 2032, with US$92 billion comprising of non-fungible token (NFT) sports collectibles, according to market research and consultancy firm Market Decipher....

What happens when your local council goes bankrupt

Jul 07, 2022 16:13 pm UTC| Economy

Local government fulfils an essential role in society. It provides fundamental services from social care and transport to education, water and waste collection. And when it no longer can, when a council goes bankrupt, it...

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Inflation, recession fears and tax cuts: any new UK chancellor faces an unenviable in-tray

Jul 07, 2022 15:59 pm UTC| Insights & Views Economy

The flood of ministerial resignations from UK prime minister Boris Johnsons government in recent days started with Rishi Sunaks resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid...

Ben & Jerry's sues Unilever to stop the sale of its biz in Israel

Jul 07, 2022 09:53 am UTC| Business Economy

Ben Jerrys, the popular ice cream brand, has brought its parent company, Unilever, to court in an attempt to stop the sale of its business in Israel. The British consumer goods company headquartered in London previously...

Juul’s e-cigarette sales ban temporarily suspended by the FDA

Jul 07, 2022 09:02 am UTC| Business Economy

Juul, the American electronic cigarette company, was previously banned from selling its products by the U.S. Food and Drug Administration (USFDA) due to public health-related issues. However, more than two weeks after the...

Netflix, ‘Stranger Things’ Duffer brothers to form a new production company

Jul 07, 2022 08:19 am UTC| Business Economy

Netflix is making new moves to boost its offerings to its subscribers around the world. It was revealed that it will be producing more content based on one of its most popular productions, Stranger Things. As part of...

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Economy

U.S. Stock Futures Slip as Year-End Trading Turns Cautious

U.S. stock index futures edged lower on Tuesday evening as investors prepared for the final trading session of the year, with market sentiment dampened by thin liquidity, lingering Federal Reserve uncertainty, and fading...

Asian Markets End Year on AI Optimism as Precious Metals and Currencies Shine

Asian stocks edged lower on the final trading day of the year, capping a period in which investors largely looked past tariff-related uncertainty and instead focused on the powerful rally in artificial intelligence chip...

U.S. Dollar Slides Toward Biggest Annual Loss Since 2017 as 2026 Risks Loom

The U.S. dollar held steady in thin year-end trading but remained on track for its sharpest annual decline since 2017, as a mix of interest rate cuts, fiscal concerns, and uncertainty around U.S. trade policy weighed...

Oil Prices Slide in 2025 as Oversupply and Geopolitical Risks Shape Market Outlook

Global oil prices declined sharply in 2025, with Brent crude posting its longest stretch of annual losses on record as rising supply continued to outpace demand despite persistent geopolitical tensions. Brent crude futures...

China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook

Chinas manufacturing activity unexpectedly returned to expansion in December, ending eight consecutive months of contraction and providing policymakers with renewed confidence as they worked to achieve the countrys annual...

Politics

Philippines Challenges Chinese Research Vessel Spotted Near Cagayan Coast

The Philippine Coast Guard (PCG) has deployed an aircraft to challenge a Chinese deep-sea research vessel spotted operating near the northern Philippines, underscoring rising maritime tensions in the West Philippine Sea...

Salvador Nasralla Challenges Honduras Election Results Amid Fraud Allegations

Honduran presidential candidate Salvador Nasralla has formally challenged the results of Honduras recent presidential election, intensifying political tensions following a narrowly decided and controversial vote. Nasralla,...

U.S. Appeals Court Allows Trump Administration to Enforce Medicaid Funding Ban on Planned Parenthood

A U.S. appeals court has ruled in favor of the Trump administration, allowing it to enforce a controversial Medicaid funding restriction targeting Planned Parenthood in several Democratic-led states. On Tuesday, a...

Zohran Mamdani Names Steve Banks as New York City Corporation Counsel Amid Clash With Trump

Incoming New York City Mayor Zohran Mamdani has announced his pick for corporation counsel, selecting Steve Banks as the citys top lawyer in a move that underscores his administrations combative stance toward President...

U.S. Lifts Sanctions on Three Intellexa-Linked Executives Amid Spyware Controversy

The administration of President Donald Trump has lifted U.S. sanctions on three executives connected to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury Departments...

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

SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round

SoftBank Group has officially completed a massive $41 billion investment in OpenAI, marking one of the largest private funding rounds in global technology history. The deal gives the Japanese conglomerate an estimated 11%...

Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power

Elon Musk announced on Tuesday that his artificial intelligence startup, xAI, has acquired a third building to further expand its computing infrastructure, signaling a major step in the companys effort to compete with...

ByteDance Plans Massive AI Chip Spending Boost as Nvidia Demand Grows in China

Chinas technology giant ByteDance is preparing to significantly ramp up its artificial intelligence investment, with plans to spend about 100 billion yuan (approximately $14 billion) on AI chips in 2026, according to a...

Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026

Samsung Electronics has obtained an annual licence from the United States government that allows the South Korean technology giant to import critical semiconductor manufacturing equipment into its China-based facilities...

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...