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Fri, Dec 26, 2025 02:28 PM All times are UTC

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PepsiCo aims to reduce virgin plastic use by 50% by 2030

Dec 07, 2022 23:45 pm UTC| Nature Economy Business

PepsiCo is eyeing to increase beverage servings delivered through reusable models from 10 percent to 20 percent by 2030 by reducing virgin plastic per serving by 50 percent. The new global packaging goal is part of the...

Kraft Heinz unveils gluten- and lactose-free Philadelphia plant-based cream cheese spread

Dec 07, 2022 23:44 pm UTC| Life Economy Business

Kraft Heinz has launched a new Philadelphia plant-based cream cheese, which is gluten- and lactose-free and made without added flavors or dyes. Robert Scott, Kraft Heinzs president of research and development, noted...

Volkswagen Group focused on reviving sales in S. Korea after ‘Dieselgate’

Dec 07, 2022 23:44 pm UTC| Life Economy Business

Volkswagen Group Korea (VWGK) is focused on reviving sales and regaining consumer confidence, which was hurt by the companys diesel emissions scandal in 2015. In South Korea, Volkswagen voluntarily stopped selling...

Japanese fashion retailer Zozo to open 1st physical outlet offering styling advice

Dec 07, 2022 23:44 pm UTC| Life Economy Business

Japanese online fashion retailer Zozo Inc will open its first physical outlet in Tokyo in mid-December that will not sell clothes but offer free styling advice to customers. Dubbed Niaulab, the store will have...

Microsoft to meet with FTC commissioners regarding Activision Blizzard acquisition, report says

Dec 07, 2022 09:21 am UTC| Technology Business

Microsoft president Brad Smith will reportedly meet with Democratic commissioners of the Federal Trade Commission on Wednesday to further discuss the companys proposed acquisition of Activision Blizzard. This follows...

Hertz paying $168M to settle theft, false arrest lawsuits

Dec 07, 2022 07:02 am UTC| Business Economy

Hertz is resolving its false arrest and theft lawsuits by paying $168 million. The settlement will cover all 364 claims related to the false reporting of rental cars being stolen and wrongful arrests resulting from the...

Jollibee to sell stake in Vietnam’s Highlands Coffee for $800 million

Dec 06, 2022 16:28 pm UTC| Economy Business Life

Jollibee Foods Corp is negotiating to sell 10 percent to 15 percent of its stake in its Vietnamese coffee chain, Highlands Coffee, for around $800 million. If successful, the stake sale could eventually pave the way for...

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Economy

China to Tighten Crude Steel Output Controls and Export Regulation Through 2030

China has announced it will continue strict regulation of crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030, reinforcing its long-term strategy to curb overcapacity and reduce carbon...

Asian Stocks and Gold Rally as Investors Chase Year-End Gains Amid Dollar Weakness

Asian stock markets climbed to their highest levels in six weeks on Friday, extending a strong year-end rally as investors looked to finish the year on a positive note. Despite thin trading volumes due to market holidays...

Gold and Silver Hit Record Highs as Safe-Haven Demand Surges Amid Global Uncertainty

Gold and silver prices surged to fresh record highs on Friday, extending a strong year-end rally as investors rushed into safe-haven assets amid escalating geopolitical tensions and a weakening U.S. dollar. Precious metals...

Platinum Surges to Record High as Supply Crunch and Policy Shift Drive Historic Rally

Platinum prices soared to a record high on Friday, marking one of the strongest rallies in the metals history as a combination of supply constraints, shifting investor sentiment, and an unexpected European Union policy...

China Revises 2024 GDP Lower After Final Review, Eyes Growth in 2025

Chinas economy in 2024 was officially revised downward following a final verification by the countrys statistics bureau, highlighting ongoing adjustments in the worlds second-largest economy. According to the latest...

Politics

Japan Approves Record ¥122.3 Trillion Budget as Takaichi Seeks Fiscal Balance

Japans government, led by Prime Minister Sanae Takaichi, has approved a record-breaking budget worth 122.3 trillion yen ($785 billion) for the next fiscal year starting in April, underscoring its attempt to balance...

White House East Wing Ballroom Plans Face Scrutiny Ahead of January Hearing

The White House is set to reveal new details about President Donald Trumps proposed East Wing ballroom during a federal commission hearing scheduled for early next month, according to official notices. The project, which...

Zelenskiy Discusses Ukraine Peace Efforts With Trump Envoys

Ukrainian President Volodymyr Zelenskiy said on Thursday that he held an extensive discussion with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, focusing on possible ways to...

Kim Jong Un Signals Continued Missile Development as North Korea Plans Five-Year Military Modernization

North Korean leader Kim Jong Un has signaled that the country will continue to advance its missile capabilities over the next five years, underscoring Pyongyangs ongoing focus on strengthening its military deterrence....

US Airstrikes Target Islamic State Militants in Northwest Nigeria Amid Rising Security Concerns

The United States has carried out airstrikes against Islamic State militants operating in northwest Nigeria, according to a statement made by U.S. President Donald Trump on Thursday. The strikes were described as a direct...

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

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

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...