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Peet's Coffee Continues Operations in Russia; Reveals Rebranding Plans as Western Companies Leave

Aug 21, 2023 09:58 am UTC| Business Economy

Peets Coffee, the specialty coffee roaster and retailer based in San Francisco Bay Area, revealed that it decided to continue its operations in Russia. The local owner of the chain also said they will rebrand and give the...

BMW Unveils Electric 5 Series: The All-New i5 Embodies Future of Luxury EVs

Aug 21, 2023 09:58 am UTC| Economy Life Business

BMW has launched its all-electric i5, a game-changer in luxury electric vehicles, integrating their latest OS 8.5 technology after six years of meticulous testing. After six years of rigorous testing, the i5 represents...

Samsung, Kakao Games, Google Collab to Bring ‘Ares: Rise of Guardians’ to Galaxy Smartphones

Aug 21, 2023 09:37 am UTC| Business Economy Technology

Samsung Electronics teamed up with Kakao Games and Google LLC to bring the Ares: Rise of Guardians game experience to Galaxy mobile phones. The title was only released by Kakao Games late last month, and it was reported...

Starbucks Opens Third Signing Store in Malaysia, Championing Deaf Community Inclusivity

Aug 21, 2023 09:36 am UTC| Economy Life Business

Starbucks Malaysia unveils its first Signing Store in Borneos Vivacity Megamall, Kuching, solidifying its commitment to fostering inclusivity for the Deaf and hard-of-hearing community. This follows successful...

Evergrande Files for Bankruptcy Amid Worsening Property Quandary in China; Centaline Seeks Millions in Unpaid Commissions

Aug 21, 2023 09:30 am UTC| Business Economy

Evergrande Group, the second-largest property developer in China, has filed for bankruptcy protection at a court in New York. This move has brought about uneasiness in the property sector in China as this only confirms the...

Hyundai Boosts Tucson, Palisade SUV Production in South Korea Amid Global Demand

Aug 18, 2023 16:50 pm UTC| Economy Life Business

Hyundai Motor Co. is pivoting its production strategy, prioritizing its in-demand SUVs, Tucson and Palisade, in South Korea. This decision responds to growing global demand while adjusting to the waning interest in...

EcoPro BM, SK on, and Ford Invest $886M in Canadian EV Battery Material Plant

Aug 18, 2023 12:53 pm UTC| Economy Life Business

EcoPro BM partners with SK on Co. and Ford to invest $886M in a cutting-edge Canadian battery material facility, bolstering North Americas EV value chain and capitalizing on US EV tax credits. The partnership, which...

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Economy

Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals

U.S. equities have delivered strong gains in 2026, but Barclays analysts warn that the stock market rally may be increasingly disconnected from underlying fundamentals as investors continue chasing higher prices. The SP...

Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets

Gold prices edged higher on Friday and headed for a weekly gain as weaker-than-expected U.S. retail sales further reduced expectations for a Federal Reserve interest rate hike in September. Spot gold rose 0.5% to $4,374.30...

S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint

The SP 500 closed lower on Friday, retreating from its latest record high as weakness in AI-related stocks and disappointing U.S. retail sales weighed on investor sentiment. The SP 500 fell 0.17% to 7,785.76, while the...

Trump Imposes New Tariffs on Drone Imports Over US Security Concerns

President Donald Trump has announced new tariffs on imported drones and drone components, citing national security concerns and the United States heavy dependence on foreign suppliers. Under a proclamation signed by Trump,...

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...

Politics

US Admiral Visits USS Abraham Lincoln as Carrier Prepares to End Deployment

The US admiral overseeing military operations involving Iran visited the USS Abraham Lincoln on Saturday as the aircraft carrier prepared to return home after a demanding nine-month deployment, according to a report by the...

AMLO’s Son Says U.S. Revoked His Visa

Andres Manuel Lopez Beltran, the son of former Mexican President Andres Manuel Lopez Obrador, said the United States has revoked his visa in what he described as a politically motivated decision. Lopez Beltran, widely...

DNC Makes South Carolina First in 2028 Democratic Primaries

The Democratic National Committee has officially selected South Carolina as the first state to vote in the 2028 Democratic presidential primaries, cementing a new nominating calendar designed to reflect the partys diverse...

Israeli Troops Enter Qusra Homes as Settler Siege Intensifies

Israeli troops took up positions inside Palestinian homes in the occupied West Bank village of Qusra on Thursday, according to local officials and residents, as a settler siege that has trapped several Palestinian families...

U.S. Pressures Nations to Choose Sides in AI Race

The United States is preparing to pressure dozens of countries to choose between joining a U.S.-led artificial intelligence alliance or supporting Chinas competing AI framework, according to a U.S. official and an internal...

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

Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says

Alphabet is increasingly shifting its artificial intelligence strategy toward commercialization, scale and long-term revenue growth, according to Goldman Sachs analysts. The investment bank said recent management changes,...

Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center

Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a SoftBank Group-backed company developing a major AI data center campus in Ohio for OpenAI. According to a report by The Information, the...

Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion

Alphabets early investment in SpaceX has delivered extraordinary returns, with the Google parents stake valued at roughly $94.2 billion at the end of June. The company originally invested $900 million in Elon Musks rocket...

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....