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Paytm Shares Plummet as Regulatory Crackdown Takes Toll

Feb 05, 2024 06:28 am UTC| Business Fintech

Shares of Indian digital payments firm Paytm slumped 10% to a near-record low on Monday, triggered by a regulatory crackdown on its banking unit. The new low extended a route from last week. Regulatory Crackdown...

Faraday Technology Corporation Collaborates with Arm and Intel in Developing 64-Core SoC Using Intel 18A

Feb 05, 2024 05:31 am UTC| Business Technology

Faraday Technology Corporation announced its collaboration with industry giants Arm and Intel to spearhead a cutting-edge 64-core System-on-Chip (SoC) development. This innovative SoC seamlessly integrates Arm Neoverse...

6 Steps to Scaling Up: How to Gain a Competitive Advantage in Your Career

Feb 05, 2024 05:28 am UTC| Business

In todays fast-paced and highly competitive job market, everyone needs to find ways to stand out and boost their career. Whether youre just starting or looking to take your career to the next level, these six steps provide...

Hyundai Motor Expands Used Car Business, Enters Second-Hand EV Market

Feb 05, 2024 05:21 am UTC| Business

Hyundai Motors Co. started selling used cars in October last year and is expanding this business to include electric vehicles this year. This will mark the companys entry into the second-hand EV market. Hyundai...

HD Korea Shipbuilding Achieves Impressive Yearly Order Target on Rising Demand for Green Vessels

Feb 05, 2024 04:12 am UTC| Business

In a remarkable feat, HD Korea Shipbuilding Offshore Engineering Co., the worlds leading shipyard, has already achieved nearly one-third of its yearly order target due to brisk demand for green vessels, according to...

Boeing Put Off 737 MAX Deliveries Over New Quality Defect

Feb 05, 2024 03:41 am UTC| Business

The Boeing Company is reportedly moving the delivery dates for some of its 737 MAX planes to a later date. The aircraft maker explained on Sunday, Feb. 4, that the delay was mainly due to a quality glitch that needed more...

Trump's Threat to Block Nippon Steel's Purchase of US Steel Raises Concerns for Japan Inc.

Feb 05, 2024 03:37 am UTC| Business

Donald Trumps pledge to block Nippon Steels planned purchase of U.S. Steel if he retakes the White House compounds political troubles for the $15 billion deal, whose failure could reverberate across Japan Inc. For...

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Economy

Global Energy Crisis: Iran Conflict Triggers Record Oil Supply Shock

The ongoing U.S.-Israeli conflict with Iran has triggered an unprecedented global energy crisis, marked by the largest daily oil supply disruption in history. The closure of the Strait of Hormuz has significantly reduced...

U.S. Freezes Dollar Transfers to Iraq, Pressures Government Over Iran-Backed Militias

The United States has reportedly halted U.S. dollar shipments to Iraq and paused key security cooperation programs as part of a broader effort to pressure Baghdad into addressing the influence of Iran-backed militias...

Asian Stocks Mixed as Tech Shares Decline While Japan’s Nikkei Hits Record High

Asian stock markets showed mixed performance on Wednesday as technology stocks weakened, reflecting overnight losses on Wall Street, while Japans benchmark Nikkei 225 reached a new record high. Investors remained cautious...

Japan Exports Surge for Seventh Month as AI Demand Offsets Middle East Trade Disruptions

Japans exports extended their growth streak for a seventh consecutive month in March, driven largely by strong global demand linked to artificial intelligence (AI) and data center expansion. According to government data,...

Oil Prices Slip Amid Iran Ceasefire Extension, Hormuz Disruptions Keep Markets Tense

Oil prices edged lower during volatile Asian trading on Wednesday as U.S. President Donald Trump announced an indefinite extension of the ceasefire with Iran. While the move raised hopes for continued peace talks, ongoing...

Politics

Syrian Asylum Rejections Rise in Europe as Minority Safety Concerns Persist

A growing number of Syrian asylum seekers are facing rejection across Europe despite ongoing security concerns, particularly among minority groups. After the fall of former President Bashar al-Assad and the end of Syrias...

Virginia Redistricting Vote Boosts Democrats Ahead of Midterm Elections

Virginia voters approved a new Democratic-backed congressional map on Tuesday, a decision that could significantly reshape the balance of power in the U.S. House of Representatives ahead of the upcoming midterm elections....

Trump Administration Files Fraud Charges Against Southern Poverty Law Center Over Informant Payments

The Trump administration has filed criminal charges against the Southern Poverty Law Center (SPLC), a prominent civil rights organization known for tracking extremist groups, accusing it of defrauding donors through its...

Global Military Talks in London Aim to Reopen Strait of Hormuz and Protect Shipping

Military planners representing more than 30 countries are gathering in London for two days of high-level discussions focused on reopening the Strait of Hormuz and strengthening maritime security in one of the worlds most...

Canada-USMCA Review 2026: No Collapse Expected Despite July 1 Deadline

Canadas top trade negotiator to the United States, Janice Charette, has signaled that the upcoming July 1 deadline for reviewing the USMCA trade agreement should not be viewed as a breaking point for North American trade...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

SK Hynix to Invest $13 Billion in AI Chip Packaging Facility

South Koreas SK Hynix is accelerating its push into the artificial intelligence semiconductor market with a major new investment aimed at strengthening its global competitiveness. The company announced plans to invest...

Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs

NVIDIA Corporation (NASDAQ: NVDA) is reportedly exploring next-generation data center power solutions by engaging major South Korean power equipment manufacturers to develop higher-voltage infrastructure. According to The...

LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal

LG Innotek shares surged to an all-time high on Wednesday, fueled by strong investor confidence following the companys latest automotive supply agreement with a European partner. The Seoul-listed stock (KS:011070) climbed...

Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges

Samsung Electronics Co Ltd (KS:005930) has significantly increased its monthly DRAM shipments to Tesla Inc (NASDAQ:TSLA), reflecting the growing demand for advanced memory solutions in electric vehicles and artificial...

SpaceX Eyes $60B Cursor Deal to Boost AI Power Ahead of IPO

Elon Musks SpaceX has announced plans to collaborate with AI coding startup Cursor, with the option to acquire the company later this year in a deal valued at $60 billion. The aerospace giant also revealed an alternative...