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Fri, Aug 14, 2026 01:27 PM All times are UTC

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CJ OliveNetworks, Addverb Join Forces for Smart Logistics Business

Mar 20, 2024 10:23 am UTC| Business

CJ OliveNetworks Co., Ltd and Addverb Technologies have signed a strategic partnership deal to create smart manufacturing logistics solutions. The companies agreed to integrate the formers expertise in system-building with...

Macy's in Talks for Potential Takeover Amidst Competition

Mar 20, 2024 09:59 am UTC| Business

Macys Inc. has agreed to open its books to Arkhouse and Brigade Capital, potentially advancing the investment firms $6.6 billion bid to acquire the U.S. department store giant. After rejecting previous acquisition...

Sephora Ends Operations in South Korea; LVMH Beauty Company to Leave in May

Mar 20, 2024 09:35 am UTC| Business

Sephora, a French personal care and beauty products company owned by LVMH Mot Hennessy Louis Vuitton, is withdrawing its business in South Korea. The company is set to leave the Korean market in May. Failure to Topple...

Gucci Expects 20% Sales Decline Mainly Due to Asian Market Challenges

Mar 20, 2024 08:59 am UTC| Business

Shares of Kering are set to drop as Gucci predicts a 20% sales decline in the first quarter, mainly due to Asian market challenges. The luxury fashion house Kering anticipates a setback in its performance, primarily...

Chipotle Mexican Grill Announces Historic Stock Split

Mar 20, 2024 08:52 am UTC| Business

Chipotle Mexican Grill, Inc. has unveiled plans for a significant stock split, marking a monumental milestone in the companys history. The Board of Directors has approved a 50-for-one split of its common stock, set to...

Microsoft Recruits Google DeepMind Co-Founder Mustafa Suleyman to Lead AI Unit as CEO

Mar 20, 2024 08:25 am UTC| Business Technology

Microsoft Corporation said on Tuesday, March 19, that it hired the co-founder of DeepMind Technologies Limited, Mustafa Suleyman, to be the chief executive officer of its new artificial intelligence (AI) business unit. The...

PepsiCo to Stop Linear TV Advertising to Focus on Digital Marketing

Mar 20, 2024 08:21 am UTC| Business

PepsiCo has decided to completely redirect its advertising spend away from linear TV to digital platforms. This shift, as communicated by PepsiCo ANZ marketing head Vandita Pandey to BT, is aimed at aligning with its...

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Economy

European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious

European stocks were largely flat on Friday and remained on track for a modest weekly decline as investors monitored the U.S.-Iran war, rising oil prices and upcoming euro zone economic data. The STOXX 600 edged 0.05%...

KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally

South Koreas KOSPI was heading for its strongest weekly performance since early June on Friday, fueled by a powerful rebound in technology and semiconductor stocks as optimism around artificial intelligence demand returned...

France Inflation Rises 2.4% in July as Consumer Prices Increase

Frances consumer prices increased in July 2026, with both monthly and annual inflation measures showing upward movement, according to final data released Friday by the French National Institute of Statistics and Economic...

China Automakers Accelerate Global Expansion as Domestic Car Sales Slump

Chinas automakers are rapidly expanding overseas as falling domestic car sales and excess manufacturing capacity push companies such as BYD, Geely and Chery to seek growth beyond the worlds largest auto market. Chinese car...

Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar

Asian currencies edged higher on Friday as the U.S. dollar weakened following softer-than-expected inflation data, which reduced expectations for a near-term Federal Reserve interest-rate hike. Gains across regional...

Politics

Jared Kushner May Visit Israel for Gaza Talks Next Week

U.S. President Donald Trumps envoy and son-in-law, Jared Kushner, could travel to Israel next week for talks aimed at advancing the administrations Gaza peace plan, according to a source familiar with the matter. Axios...

Albanese Says AUKUS ‘Full Steam Ahead’ After Trump Call

Australian Prime Minister Anthony Albanese said the AUKUS defence pact remains full steam ahead following a lengthy phone call with U.S. President Donald Trump, as Canberra also pushes Washington for a complete exemption...

Trump Orders Major Overhaul of US Navy Shipbuilding

President Donald Trump has signed a National Security Presidential Memorandum directing sweeping changes to U.S. Navy shipbuilding and ship repair programs as part of an effort to rebuild the countrys maritime industrial...

Israel Warned US of Alleged Iran Plot to Assassinate Trump

Israel repeatedly warned the United States over the past year that Iran may have been planning to assassinate President Donald Trump, although U.S. intelligence agencies were unable to independently verify several of the...

Putin Visits Disputed Kuril Island, Sparking Strong Protest From Japan

Russian President Vladimir Putin visited the disputed island of Iturup on Thursday, triggering a sharp diplomatic protest from Japan amid longstanding tensions over the Kuril Islands. Known as Iturup in Russia and Etorofu...

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

Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears

Apple Inc. (NASDAQ: AAPL) has reportedly developed a large language model specifically for China in collaboration with Alibaba (HK: 9988), signaling a significant shift in the iPhone makers artificial intelligence strategy...

Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan

Goldman Sachs is reportedly in discussions with potential investors to participate in Nvidias ambitious $500 billion AI infrastructure financing initiative, as institutional demand for artificial intelligence investments...

LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories

LG Corp and Nvidia have signed a memorandum of understanding (MOU) to deepen their strategic partnership across robotics, AI factories and next-generation mobility, LG announced Friday. The agreement will combine LGs...

SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand

Shares of Semiconductor Manufacturing International Corp. (SMIC) surged on Friday after the Chinese semiconductor foundry delivered strong second-quarter earnings, supported by higher chip demand, improved pricing and...

Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO

Anthropic is reportedly in talks to acquire Nvidia-backed AI startup Decart AI as the Claude developer looks to expand its computing capabilities and address growing demand ahead of a potential public listing. Bloomberg...