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The sale of publisher Simon & Schuster is good news for staff and authors, but the long-term implications are uncertain

Aug 10, 2023 08:21 am UTC| Business

A year after the US Department of Justice blocked the merger of two of the worlds biggest publishers, a New York-based private equity investment firm, Kohlberg Kravis Roberts Co., has agreed to buy Simon ...

Ditching the young entrepreneur myth: research shows over-50s are the more radical innovators

Aug 10, 2023 08:19 am UTC| Business

Julie Wainwright working as a CEO for almost two decades was in her mid-50s when she created The RealReal platform for secondhand luxury. Harland Sanders was 62 when he started Kentucky Fried Chicken (KFC) restaurant...

What are your rights as an Airbnb renter in Australia? A law expert answers 6 common questions

Aug 10, 2023 08:18 am UTC| Business Law

Airbnb has revolutionised the short-stay industry. Launched in 2008, it now eclipses the worlds biggest hotel chains. In Australia alone there are about 100,000 listed properties. But in dealing with both a digital...

Hyundai Mobis Lands Major EV Parts Deal with Volkswagen, Aiming for $5.4B Global Order

Aug 10, 2023 07:47 am UTC| Business Economy

South Korean auto parts giant Hyundai Mobis secures a monumental deal to supply Volkswagen AG with electric vehicle (EV) battery systems. This move marks Hyundai Mobis significant stride into global expansion, with the...

Lotte Biologics Signs MOU with Roche Diagnostics: Boosting CDMO Operations, Global Reach

Aug 10, 2023 06:49 am UTC| Business Economy

Lotte Biologics has inked a memorandum of understanding (MOU) with Roche Diagnostics to bolster its Contract Development and Manufacturing Organization (CDMO) capabilities. This collaboration signifies major diagnostics,...

ESPN Partners with Penn Entertainment to Launch Sportsbook

Aug 09, 2023 10:16 am UTC| Business Economy

ESPN revealed it has teamed up with Penn Entertainment to open its own sports betting business. It was reported that Disneys sports entertainment unit signed a $2 billion deal for this. ESPN will now have a betting...

Dish Network, EchoStar to be Merged by Charlie Ergen for 5G Expansion Goal

Aug 09, 2023 09:57 am UTC| Business Economy

Dish Network and EchoStar are set to be consolidated into one as their owner, Charlie Ergen, aims to expand his telecommunication and satellite business empire. The billionaire is merging his satellite and broadband...

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Economy

BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks

Bank of Japan (BOJ) policymakers actively debated whether to continue raising interest rates toward levels considered neutral for the economy, according to minutes from their October policy meeting released on Wednesday....

Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally

Spot gold surged past the key psychological level of $4,500 per ounce for the first time on Wednesday, marking a historic milestone for the precious metal and reinforcing its status as a preferred safe-haven asset. The...

Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs

Asian shares edged higher on Wednesday, rounding off a strong finish to 2025 as artificial intelligence-driven optimism continued to fuel global equity markets. The positive momentum followed an overnight rally on Wall...

U.S. Stock Index Futures Steady After S&P 500 Hits Record on Strong Economic Data

U.S. stock index futures were little changed on Tuesday evening following a record-setting close for the SP 500, as stronger-than-expected economic growth data continued to bolster confidence in the U.S. economy. Market...

Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market

Oil prices recorded modest gains on Wednesday, extending a rally from earlier in the week as strong U.S. economic data and ongoing geopolitical risks supported market sentiment. Brent crude futures rose 4 cents, or 0.06%,...

Politics

Trump Administration Recalls Nearly 30 U.S. Ambassadors in Push for “America First” Agenda

The Trump administration has recalled nearly 30 U.S. ambassadors and senior career diplomats from overseas posts, a move officials say aligns embassies more closely with the presidents America First foreign policy, but...

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...

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

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

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...