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Fri, Aug 14, 2026 08:47 PM All times are UTC

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Meta's Reality Labs Reports Record Loss Despite High Revenue Surge in Q4 2023

Feb 02, 2024 09:20 am UTC| Business Technology

Metas Reality Labs, the tech behemoths mixed-reality division, recorded a staggering operating loss of $4.65 billion in the last quarter of 2023. This came even as the division celebrated one of its best revenue quarters,...

Tencent Ditches Square Enix 'Nier' Mobile Game to Look for Crowd-Puller

Feb 02, 2024 08:26 am UTC| Business

Tencent Games reportedly stopped the development of Square Enixs Nier game title. This is a highly anticipated mobile game, but three sources who know the matter shared that the former has already ditched the...

Panasonic Secures Steady Profits and Expands Markets with Strategic Partnerships

Feb 02, 2024 08:18 am UTC| Business

Panasonic Holdings reported a rise in its energy units quarterly profits, predominantly fueled by robust sales in the North American sector. Despite facing inevitable setbacks, including reduced sales at its Japanese plant...

Activist Investor Barington Capital Pursues Change in Mattel's Strategy to Enhance Stock Value

Feb 02, 2024 08:00 am UTC| Business

Barington Capital has recently acquired a stake in the renowned toymaker Mattel, prompting calls for significant corporate changes. In a letter addressed to Mattel CEO Ynon Kreiz, the activist investor is pushing for a...

Naver Cloud Unveils AI Speech Feature in Real-Time Streaming Broadcasts

Feb 02, 2024 07:00 am UTC| Business

Naver Cloud is adding a new AI-based feature that will provide subtitles in real-time. This means that subtitles will be automatically offered to viewers during live broadcasts. CLOVA Speech Feature The Korea...

Indian Stock Market Pump Inspires IPO Listing

Feb 02, 2024 06:30 am UTC| Business

Indias buoyant stock market is witnessing a surge in initial public offerings (IPOs), although concerns arise over the tepid performance of many listings in Mumbai. Investors and analysts note the optimistic outlook for...

Emart24 Heads to Cambodia, To Open First Store in June

Feb 02, 2024 05:39 am UTC| Business

Emart24 Inc. is making its way to Cambodia and is set to enter the Cambodian market with the opening of its first store. The South Korean convenience store chain will inaugurate the retail establishment in...

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Economy

Strait of Hormuz Shipping Near Standstill After New Vessel Attacks

Shipping through the Strait of Hormuz slowed to a near standstill on Friday after two more vessels were attacked, while the United States signaled it could maintain its naval blockade of Iran indefinitely. The disruption...

US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets

The U.S. dollar edged lower on Friday as weaker economic data prompted traders to scale back expectations for another Federal Reserve rate hike. Despite the decline, the greenback was poised to end a two-week losing streak...

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...

Politics

US Presses Netanyahu to Condemn West Bank Settler Siege

The United States is urging Israeli Prime Minister Benjamin Netanyahu to publicly condemn militant Israeli settlers accused of besieging Palestinian families in Qusra, a village in the occupied West Bank, according to U.S....

Haftar Helps Broker Release of American Hostage Held by ISIS Affiliate

Libyan military commander Khalifa Haftar helped broker the release of an American hostage held by an Islamic State affiliate in West Africas Sahel region, according to four sources familiar with the negotiations. Kevin...

Israeli Troops Enter Palestinian Homes as Settler Siege Grips West Bank Village

Israeli troops took positions inside Palestinian homes in the occupied West Bank village of Qusra on Thursday as a settler siege left families trapped without electricity or water, according to the village mayor and...

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...

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

Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover

Stripe and private equity firm Advent International reportedly offered to acquire PayPal for $60.50 per share in July, valuing the payments company at roughly $53 billion. PayPal rejected the proposal as too low, but...

J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth

J.P. Morgan upgraded SanDisk to Overweight from Not Rated and set a December 2027 price target of $2,250, citing stronger long-term growth prospects following the flash memory companys 2026 Investor Day in New York....

Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential

New Street Research has upgraded Micron Technology (NASDAQ: MU) to a Buy rating with a $1,250 price target, arguing that the semiconductor company is entering a fundamentally different memory cycle driven largely by...

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...