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Tue, Jun 23, 2026 01:49 PM All times are UTC

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EA Announces 5% Workforce Slash, Cancels Games in Industry-Wide Downturn

Feb 29, 2024 09:08 am UTC| Business Technology

Electronic Arts Inc., an American video game company based in Redwood City, California, is laying off 5% of its workforce. This announcement comes amid the declining gaming business. Electronic Arts is known for its...

Apple Gears Up for Next-Gen 2nm Chips with TSMC, Eyes 2025 Mass Production

Feb 29, 2024 07:39 am UTC| Technology

The processors that will utilize TSMCs next-generation 2-nanometer fabrication process are already in the design stages at Apple, according to information purportedly obtained from an Apple employee on LinkedIn. Apples...

Tesla's Top Designer for Model Y, 3, and Roadster Departs for Aviation Startup Skyryse

Feb 29, 2024 06:27 am UTC| Business Technology

Teslas designer, who led the design concepts for Model Y, Model 3, Roadster, and Semi-Truck, has left the company. It was reported that Peter Blades quit to move to the aviation startup called Skyryse. Blades Time at...

Biden Faces Congressional Backlash Over EV Transition, Concerns Over China Rise

Feb 29, 2024 04:32 am UTC| Technology

Representative Mike Simpson of the United States has joined the nearly 140 other senators and representatives who have urged President Joe Biden to terminate electric vehicle transition objectives. Congressional Critics...

Xiaomi CEO Reacts with Shock to Apple's EV Project Shutdown, Pledges Continued Development

Feb 29, 2024 03:40 am UTC| Technology

Unlike Chinas ambitious EV competitors, Apples decision to abandon its plan to manufacture electric vehicles has sparked debate among the founders of Xiaomi, Li Auto, and Xpeng. Xiaomi CEO Lei Taken Aback By Apples EV...

Tesla Targets Next Year for Roadster Release, Elon Musk Rekindles Hype Amid Delays

Feb 28, 2024 13:49 pm UTC| Technology

On Wednesday, Elon Musk, CEO of the electric vehicle manufacturer Tesla, stated that the company intends to dispatch its Roadster electric sports car within the next year. Tesla Roadsters Final Design to Be Unveiled...

Samsung Galaxy Z Fold 6 Design Leaked Ahead of Anticipated July Release

Feb 28, 2024 13:30 pm UTC| Technology

The new foldable phones from Samsung are not anticipated to be released until July or August. A seasoned leaker has now unveiled the complete design of the Galaxy Z Fold 6. Samsung Galaxy Z Fold 6 Renders...

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Economy

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,...

Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline

Asian stock markets mostly moved lower on Tuesday as investors locked in profits following a strong artificial intelligence-driven rally that had pushed several regional indexes to record highs. The pullback was led by...

New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum

New Zealand is accelerating the development of major gold mining projects and attracting new mining investment as record-high gold prices breathe life into a sector that has struggled for years. The governments push to...

Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns

The Japanese yen hovered near its weakest level in almost four decades on Tuesday, fueling speculation that Japanese authorities may once again intervene in the foreign exchange market to support the struggling currency....

Politics

Lebanon Pushes Ahead With Israel Talks Despite Iran-U.S. Deal Impact

Lebanon is set to begin a new round of direct negotiations with Israel in Washington on Tuesday, despite growing concerns that recent Iran-U.S. diplomatic developments have weakened Beiruts position. Lebanese officials...

Andy Burnham Emerges as Favorite After Keir Starmer Resigns

British Prime Minister Keir Starmer announced on Monday that he is stepping down as leader of the Labour Party, paving the way for Andy Burnham to become the next prime minister of the United Kingdom. The move could bring...

Rubio Faces Gulf Skepticism Over U.S.-Iran Peace Deal

U.S. Secretary of State Marco Rubio is embarking on a critical diplomatic tour of the Gulf this week as he seeks to reassure key Arab allies about Washingtons newly signed Iran peace agreement. The visit comes amid growing...

Russia-Ukraine War: Fresh Strikes Injure Civilians as Fuel Crisis Worsens in Russia

Six people were injured in overnight Russian air strikes across Ukraine, according to local officials, while Kyiv briefly issued an air raid alert early Tuesday, urging residents to seek shelter. The latest attacks...

DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post

The U.S. Department of Justice has launched an investigation into a New York City coffee shop after the business publicly stated it would have refused service to Representative Dan Goldman if employees had recognized him...

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

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...

Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom

Baseten, a California-based artificial intelligence startup co-founded by Australian entrepreneurs, has raised $1.5 billion in a new funding round, pushing its valuation to $13 billion. The deal highlights the growing wave...

Meta Pauses Employee Activity Tracking Program Over Data Security Concerns

Meta has temporarily suspended an internal employee monitoring program used to train its artificial intelligence models after concerns emerged about potential data security and privacy risks. The program, known as the...

Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates

Oracle reduced its global workforce by approximately 21,000 employees, or 13%, during fiscal 2026 as the company continued a major restructuring effort while expanding its artificial intelligence and cloud computing...