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Wed, Jan 07, 2026 05:52 AM All times are UTC

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Nordstrom acquires stake in UK's premier fashion brands Topshop, Topman

Jul 13, 2021 08:55 am UTC| Business Economy

Nordstrom announced last weekend that it has purchased a minority stake in four leading clothing lines that are owned by UKs online fashion house Asos. The American luxury department store chain acquired stakes in...

Tencent Music: Chinese regulators may demand the company to forgo its exclusive rights to its music labels

Jul 13, 2021 08:29 am UTC| Business Economy

Tencent Music is reportedly facing a hefty fine and may lose its exclusive rights to its own music label. According to sources, Chinas anti-trust regulators are likely to order the company to release its rights to its...

Microsoft acquiring RiskIQ as threats on cybersecurity escalates

Jul 13, 2021 07:26 am UTC| Business Economy

Microsoft revealed on Monday, July 12, that it will acquire RiskIQ, a cyber security company based in San Francisco, California. The announcement comes as ransomware and cyber attacks have become rampant...

ByteDance reportedly drops IPO plans after meetings with Chinese regulators

Jul 13, 2021 06:09 am UTC| Business Economy

ByteDance Ltd., the parent company of TikTok, reportedly halted its plans to go public and list offshore. The Dow Jones reported that the plan was indefinitely scrapped earlier this year after the firm was told to tackle...

Hyundai, Kia to develop electrolysis system for green hydrogen production with Canadian firm

Jul 13, 2021 00:14 am UTC| Economy Nature

Hyundai Motor Co. and its affiliate Kia Corp. would jointly develop and commercialize a water electrolysis system for green hydrogen production with Canadian electrolyzers manufacturer Next Hydrogen Solutions Inc. Under...

Hyundai Steel, POSCO demand 64% price hike for ship steel plates

Jul 13, 2021 00:09 am UTC| Economy Business

South Koreas largest steelmakers, POSCO and Hyundai Steel Co. are demanding that the ship steel plate prices be increased to 1.15 million won per ton in the second half, up 64 percent from 700,000 won in the first...

Tokyo's Akasaka Excel Hotel apologizes for 'Japanese only' elevator sign

Jul 12, 2021 23:57 pm UTC| Economy Business

Akasaka Excel Hotel Tokyu in downtown Tokyo has apologized and removed signs reading Japanese only and foreigners only from elevators after it sparked outrage on social media ahead of the 2021 Summer Olympics. The signs...

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Economy

Thailand Economy Faces Competitiveness Challenges as Strong Baht and U.S. Tariffs Pressure Exports

Thailands economy is facing mounting structural and external challenges, with declining competitiveness and pressure on exports emerging as key concerns, according to a statement released Wednesday by the Bank of Thailand...

Asian Currencies Trade Sideways as Dollar Wavers Ahead of Key U.S. Jobs Data; Aussie Dollar Hits 15-Month High

Most Asian currencies traded within a narrow range against the U.S. dollar as global markets turned cautious ahead of key U.S. labor market data due later this week. Currency traders largely avoided taking major positions,...

Oil Prices Slide in Asia as Trump Signals Venezuela Supply Boost, Raising Global Glut Fears

Oil prices fell sharply during Asian trading on Wednesday as markets reacted to comments from U.S. President Donald Trump suggesting Venezuela could soon supply tens of millions of barrels of crude oil to the United...

Asian Markets Slip as Oil Prices Fall on Venezuela Developments and Global Tensions

Asian markets traded mixed as investors digested falling oil prices, rising commodity stocks, and heightened geopolitical tensions tied to Venezuela, China, and broader global uncertainty. Crude oil futures extended losses...

Dollar Holds Steady as Markets Await Key U.S. Economic Data and Fed Signals

The U.S. dollar traded in tight ranges on Wednesday as investors adopted a cautious stance ahead of a series of important U.S. economic data releases that could shape expectations for the Federal Reserves interest rate...

Politics

Trump Administration Expands U.S. Visa Bond Requirement to 38 Countries

The U.S. government under President Donald Trump has expanded a controversial visa bond policy, adding 25 more countries to a list of nations whose citizens may be required to post a bond of up to $15,000 in order to apply...

China’s Taiwan War Games Signal Political Pressure Amid Economic Strain

Chinas recent large-scale military exercises around Taiwan were part of a broader political and psychological campaign aimed at countering rising international support for the island while diverting attention from Beijings...

Trump Administration Freezes Federal Child Care Funds Over Fraud Concerns

The Trump administration has announced a freeze on certain federal child care and family assistance funds for five U.S. statesCalifornia, Colorado, Illinois, Minnesota, and New Yorkciting serious concerns about fraud and...

Five Years After January 6 Capitol Riot, Democrats and Republicans Clash Over History and Power

Five years after the January 6, 2021 attack on the U.S. Capitol, sharp political divisions resurfaced in Washington as Democrats accused Republicans of attempting to rewrite history, while President Donald Trump downplayed...

US–Venezuela Oil Deal Signals Major Shift in Energy Trade and Sanctions Strategy

The United States and Venezuela have reached a significant agreement that could reshape global oil flows, following an announcement by U.S. President Donald Trump that Caracas will export up to $2 billion worth of...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Baidu’s AI Chip Unit Kunlunxin Prepares for Hong Kong IPO to Raise Up to $2 Billion

Baidu Inc (NASDAQ: BIDU) is moving forward with plans to list its artificial intelligence chipmaking subsidiary, Kunlunxin, in Hong Kong, in a deal that could raise as much as $2 billion, according to a Bloomberg report...

Hyundai Motor Shares Surge on Nvidia Partnership Speculation

Shares of Hyundai Motor surged sharply on Wednesday, climbing as much as 14.9% to reach a record high during morning trading, significantly outperforming South Koreas benchmark KOSPI index, which gained 1.2%. The rally was...

Lenovo Unveils AI Cloud Gigafactory With NVIDIA and Launches New AI Platform at CES 2026

Lenovo made a major impact at the Consumer Electronics Show (CES) in Las Vegas on Tuesday by unveiling an artificial intelligence cloud gigafactory developed in collaboration with NVIDIA, reinforcing its position as a...

China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns

Chinese government officials are reportedly reviewing Meta Platforms $2 billion acquisition of artificial intelligence startup Manus, raising potential concerns over technology transfer and national security controls....

Discord Confidentially Files for U.S. IPO, Signaling Major Milestone

Popular chat platform Discord has confidentially filed for an initial public offering (IPO) in the United States, according to a Bloomberg News report citing people familiar with the matter. The move marks a significant...