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Porsche SE Achieves Solid Group Result in the First Nine Months of Fiscal Year 2023

Nov 13, 2023 23:33 pm UTC| Business

Porsche Automobil Holding SE (Porsche SE) announced a group result after tax of 3.8 billion euros for the first nine months of fiscal year 2023. This represents a decrease from the previous years figure of 4.8 billion...

Phoebe Philo's fashion frenzy: why her much-anticipated collection sold out within hours

Nov 13, 2023 12:22 pm UTC| Business

British luxury fashion designer Phoebe Philo OBE, debuted her long-anticipated eponymous label to critical acclaim at the end of October. Despite the eye-watering price tags, the small range of clothing, accessories,...

Pernod Ricard Launches Redbreast 15 Year Old Irish Whiskey in Korea

Nov 13, 2023 10:12 am UTC| Business

Pernod Ricard Korea has unveiled Redbreast 15 Year Old, a new variant of its Irish whiskey brand. The launch is aimed at meeting the growing demand for non-Scotch whiskeys in the rapidly expanding domestic...

Hyundai Motor Commences Construction of EV Plant in Ulsan with Groundbreaking Ceremony

Nov 13, 2023 09:47 am UTC| Business

Hyundai Motor Group finally broke ground for the construction of its electric vehicle manufacturing plant in Ulsan. The facility is expected to have a capacity of 200,000 units per year. The groundbreaking ceremony was...

BTS’ Agency HYBE Acquires Music Company in Mexico as It Targets Latin American Market

Nov 13, 2023 09:35 am UTC| Business

HYBE, the management agency of the superstar boy group, BTS, has entered the Latin American market by launching its new subsidiary in Mexico. It was said that the company is diving into this overseas market to have other...

SK hynix Supplies Latest LPDDR5T Memory Chips to Chinese Smartphone Manufacturer Vivo

Nov 13, 2023 09:20 am UTC| Business Technology

SK hynix has begun providing Chinese smartphone manufacturer Vivo with 16-gigabyte packages of Low Power Double Data Rate 5 Turbo (LPDDR5T). Vivo will incorporate these high-performance memory chips into its latest...

IKEA’s Investments in Portugal Reaches €65M, More Fundings Are Coming in 2024

Nov 13, 2023 09:14 am UTC| Business

IKEA has been investing in Portugal and now the numbers have reached 65 million. The said amount is the total funding that the Swedish furniture retailer has already given out as of August this year. Tolga nc, Ingka...

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Economy

Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten

Platinum prices surged sharply at the start of the week, rallying more than 4.6% on Monday to break above the $2,000 per ounce level for the first time since 2008. The move marks a 17-year high for the precious metal and...

U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise

The U.S. dollar edged lower on Monday after posting modest gains last week, as cautious market sentiment and rising geopolitical tensions weighed on risk appetite. Currency markets remained largely subdued in Asia, showing...

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

U.S. coffee drinkers hoping for cheaper coffee after President Donald Trump rolled back key import tariffs are likely to be disappointed. While the tariff reductions removed duties on hundreds of food items, including...

UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile

The British economy recorded modest growth in the third quarter of 2025, expanding by 0.1% between July and September, according to the latest confirmation from the Office for National Statistics (ONS). The final GDP...

German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025

German exports to the United States recorded a significant downturn in 2025, underscoring the lasting impact of U.S. trade policies on Europes largest economy. According to a study cited by Reuters, German car exports to...

Politics

Australia Moves Toward Tougher Gun Laws After Bondi Shooting

Australias most populous state, New South Wales, is set to introduce significantly tougher gun laws alongside new measures targeting terrorism and public protests, following a deadly mass shooting in Sydneys Bondi area....

Trump Announces Ambitious Plan for New U.S. Navy Super Battleships

U.S. President Donald Trump announced on Monday an ambitious proposal for the United States Navy to begin building a new class of advanced battleships, a move that could significantly reshape the future of American naval...

China’s Nuclear Expansion Raises Arms Control Concerns as Pentagon Report Warns of Growing Military Ambitions

China is rapidly expanding and modernizing its nuclear weapons arsenal, with a draft Pentagon report warning that Beijing may have loaded more than 100 intercontinental ballistic missiles (ICBMs) across three newly...

Kremlin Downplays U.S.-Russia Talks on Ukraine as Ongoing Process

Russia has played down expectations surrounding recent discussions with the United States on the Ukraine conflict, emphasizing that the talks should not be interpreted as a major diplomatic breakthrough. Kremlin spokesman...

Zelenskiy Says Ukraine Peace Talks With U.S. and Europe Near Breakthrough

Ukrainian President Volodymyr Zelenskiy said negotiations involving Ukraine, the United States, and European nations aimed at ending the nearly four-year war with Russia are approaching a decisive outcome, signaling...

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

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...