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China's manufacturing activity drops for third straight month in December

Dec 31, 2022 23:09 pm UTC| Health Economy Business

Chinas manufacturing activity contracted sharply in December for the third month in a row, according to Purchasing Managers Index (PMI) The coutrys PMI came in at 47 points, down from Novembers 48 and well below the...

Japan start-up Innophys seeks to expand exoskeleton business abroad

Dec 31, 2022 23:09 pm UTC| Science Economy Business Health

Japan start-up Innophys Co. is expanding overseas in nations that have aging populations to offer its wearable exoskeleton to support heavy lifting. Set up by Tokyo University of Science professor Hiroshi Kobayashi,...

Toyota's Indian unit admits customer data breach

Dec 31, 2022 23:09 pm UTC| Business Economy Technology

Toyota India has notified local authorities that a data breach at Toyota Kirloskar Motor (TKM) may have exposed some customers personal information on the internet. TKM, a joint venture with Indian conglomerate...

Pentagon awards additional $7.8 billion to Lockheed Martin for F-35s

Dec 31, 2022 23:06 pm UTC| Economy Business

The US Defense Department had awarded a $7.8 billion contract modification to Lockheed Martin Corp for procuring 127 F-35 Lot 16 aircraft. The additional deal brings the total deal between the company and the Pentagon...

Norwegian Cruise Line ordered to pay $110 million in damages for using Cuban port

Dec 31, 2022 22:47 pm UTC| Law Economy Business

Norwegian Cruise Line had been asked by US District Judge Beth Bloom to pay 109,848,747.87 in damages plus $3 million in legal fees and costs to Havana Docks Corporation for using a Cuban port. Judge Blooms decision...

Volvo Cars now fully owns software development subsidiary Zenseact

Dec 31, 2022 22:34 pm UTC| Economy Business

Volvo Car AB had acquired 13.5 percent of its autonomous driving (AD) software development subsidiary Zenseact from ECARX, to make it the AD software company a fully owned subsidiary of the Swedish automaker. According...

Hong Kong’s Link to acquire Singapore real estate assets

Dec 31, 2022 21:11 pm UTC| Life Economy Business

Hong Kong real estate giant Link Reit is acquiring two Singaporean retail developments, Jurong Point and Swing By @ Thomson Plaza, for US$1.6 billion. Upon the transactions completion with the seller, Mercatus...

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Economy

Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand

Gold prices climbed on Monday as investors weighed weaker U.S. economic data against geopolitical tensions surrounding the Strait of Hormuz, while awaiting the Federal Reserves July meeting minutes for fresh signals on...

US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets

U.S. stock futures traded near the flatline during Asian hours on Sunday, with Wall Street sentiment supported by softer inflation data and a strong corporate earnings season following a third consecutive week of gains for...

Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated

Asian stocks traded mostly flat on Monday as investors monitored rising oil prices and persistent geopolitical tensions surrounding the Iran war and the Strait of Hormuz. Prospects for peace talks remain limited, while oil...

Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools

U.S. inflation showed further signs of easing in July, strengthening expectations that the Federal Reserve could keep interest rates unchanged through the end of the year. Morgan Stanley believes the latest inflation data...

Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict

Oil prices were little changed in early Monday trading as shipping activity through the Strait of Hormuz slowed sharply over the weekend, while the ongoing conflict between the United States and Iran showed no signs of...

Politics

Russia-Ukraine Drone Attacks Escalate as Strikes Hit Moscow, Kyiv and Romania

Russia and Ukraine exchanged major missile and drone attacks overnight, leaving several people dead and damaging industrial and commercial facilities as the war continues to intensify. Russian forces struck ArcelorMittal...

US CENTCOM Chief Praises USS Abraham Lincoln Crew Amid Mental Health Concerns

U.S. Central Command chief Admiral Brad Cooper praised the crew of the USS Abraham Lincoln following a recent visit to the aircraft carrier, describing their performance and resilience as awe-inspiring amid growing...

Lula Targets Brazil’s Gig Workers as Reelection Battle Takes Shape

Brazilian President Luiz Inácio Lula da Silva launched his final reelection campaign on Sunday in Sao Bernardo do Campo, returning to the stadium where his rise as a labor leader began nearly five decades ago....

Trump Envoys Hold Gaza Peace Talks in Cairo as Israeli Strikes Continue

U.S. President Donald Trumps envoys held talks with Egyptian, Qatari and Turkish mediators in Cairo on Sunday as diplomatic efforts intensified to advance Washingtons Gaza peace plan while Israeli airstrikes continued...

Migrants in Spain’s Ceuta Protest for Asylum, Refuse Return to Morocco

Hundreds of migrants in Spains North African enclave of Ceuta gathered on a popular urban beach on Sunday, calling on Spanish authorities to grant them asylum rather than return them to Morocco. The protesters are among an...

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

Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push

Alibaba Group is reportedly selling its gaming subsidiary Lingxi Games in a transaction that could value the Chinese video game studio at more than $1.5 billion, as the technology giant redirects resources toward...

Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support

Nvidia is doubling down on the artificial intelligence infrastructure boom with a plan to help mobilize as much as $500 billion in third-party capital, drawing participation from major financial firms including Apollo,...

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...

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...