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Fri, Aug 14, 2026 05:35 PM All times are UTC

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Luckin Coffee Reports High Annual Sales That Surpasses Starbucks in China

Feb 26, 2024 10:19 am UTC| Business

Luckin Coffee Inc., a Chinese coffee company and coffeehouse chain, reported its annual sales and revealed that the numbers have surpassed Starbucks sales in China. It beat its rival in the Chinese market last year, a big...

Sony Acquires Movie Pitch on The Cola Wars Between Coca-Cola and Pepsi

Feb 26, 2024 10:16 am UTC| Business

The battle between Coca-Cola and Pepsi is heading to cinemas as Sony acquires the rights to The Cola Wars, a drama recounting the intense rivalry throughout the 1980s. As Hollywood transforms, product-centered films are...

Ant Group Secures Credit Suisse's Investment Bank Venture in China by Outbidding Citadel

Feb 26, 2024 10:08 am UTC| Business

Ant Group Co. has successfully outbid Citadel Securities LLC for Credit Suisses investment bank venture in China. According to sources familiar with the matter, this unexpected move is poised to undergo rigorous regulatory...

Zuckerberg to Discuss Mixed Reality Headset with LG in South Korea Visit; Attends Indian Wedding Amid Asian Business Tour

Feb 26, 2024 10:05 am UTC| Business Technology

Mark Zuckerberg, the chief executive officer of Meta, is set to visit South Korea and meet with LG Electronics boss, Cho Joo Wan. They are expected to discuss possible collaboration for developing advanced mixed-reality...

Stellantis and Ayvens Reach Multi-Billion-Euro Agreement for Vehicle Sales

Feb 26, 2024 09:19 am UTC| Business

Franco-Italian automaker Stellantis announced a significant multi-billion-euro frame agreement with leasing and fleet management company Ayvens. This partnership aims to sell up to 500,000 vehicles across Europe within the...

Musinsa's Incubation Program Nurturing Future Fashion Designers

Feb 26, 2024 09:06 am UTC| Business

South Koreas online apparel giant Musinsa is set to launch its incubation program to nurture the entrepreneurial dreams of fashion designers. Through this program, the company provides a platform for emerging designers to...

Asahi Targets US Expansion with Octopi Brewing Acquisition for Super Dry Boost

Feb 26, 2024 08:51 am UTC| Business

Asahi Group Holdings, Ltd. is searching for overseas merger and acquisition deals. It is said to be targeting the United States and other countries to bolster the sales of its Super Dry beer product by the year 2030. To...

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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...