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Has Patagonia defined a new gold standard for business responsibility?

Oct 11, 2022 04:39 am UTC| Insights & Views Business

Patagonias founder Yvon Chouinard made headlines recently with the decision to give his familys $3 billion company, and its future profits, to the fight against climate change. In his words, Earth is now the companys only...

Elon Musk’s revived US$44 billion Twitter bid is another twist in this tale, but it may not be the last

Oct 11, 2022 04:36 am UTC| Technology Business

With only about two weeks to go before a court case over his attempts to withdraw his US$44 billion (39 billion) offer to buy Twitter, Elon Musks second U-turn over the deal shows the worlds richest man is still full of...

Digital Currency Revolution

Cryptocurrency: About Capital acquires stake in Huobi Global crypto exchange firm

Oct 10, 2022 10:12 am UTC| Business Digital Currency Investing

Huobi Global was acquired by About Capital Management Co., Ltd after completing their share sale deal. The fund management company based in Hong Kong is the major shareholder of the Seychelles-based cryptocurrency exchange...

Lotte Biologics allegedly stole Samsung’s trade secrets

Oct 10, 2022 10:04 am UTC| Business Economy

Lotte Biologics is reportedly accused of stealing the trade secrets of its rival, Samsung Biologics. A probe into the case was already launched by prosecutors, and officials will be especially checking into some of the...

Iwon Jeil Cha company that funded the construction of LEGOLAND Korea Resort declared bankruptcy

Oct 10, 2022 09:55 am UTC| Business Economy

Iwon Jeil Cha supported the development of Legoland Korea Resort by funding its construction. But unfortunately, now that the Disney attraction in South Korea is in operation, Iwon Jeil Cha was reported to have gone...

Xbox Game Pass earnings: Rare data revealed in filings for Activision Blizzard acquisition

Oct 10, 2022 09:40 am UTC| Technology Business

Documents Microsoft filed to regulators around the world have been a great source of interesting information about its gaming business. It now appears that one of the filings also provides a rare look at how much the...

Digital Currency Revolution

Cryptocurrency: Visa, FTX expands collaboration, to roll out crypto debit cards

Oct 10, 2022 09:28 am UTC| Business Investing Digital Currency

Visa and FTX have expanded their partnership to bring a unique debit card service to at least 40 countries around the world. The cryptocurrency exchange firm will be introducing its Visa-linked debit cards across Latin...

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Economy

US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus

U.S. stock futures traded mixed Monday as investors reassessed the Federal Reserve interest rate outlook and prepared for major retail earnings, while developments involving Anthropic, Nvidia and the Strait of Hormuz also...

European Stocks Edge Higher as Fed Rate Pause Bets Rise

European equities moved modestly higher on Monday as falling government bond yields and a weaker U.S. dollar supported investor sentiment. Markets are increasingly betting that the Federal Reserve will keep interest rates...

US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations

The U.S. dollar weakened on Monday as softer economic indicators reduced expectations that the Federal Reserve will raise interest rates again in the near term, while the Japanese yen gained modestly despite disappointing...

Malaysia Inflation Eases to 1.8% in July, Below Forecast

Malaysias inflation rate moderated slightly in July, with consumer prices rising 1.8% from a year earlier, according to government data released on Monday. The latest increase in Malaysias Consumer Price Index (CPI) came...

BSP Sees Philippine Inflation Easing, Keeps Policy Options Open

The Bangko Sentral ng Pilipinas (BSP) expects inflation in the Philippines to gradually ease over the medium term, although risks to consumer prices remain tilted to the upside, central bank Governor Eli Remolona said on...

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

Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push

Alphabet, the parent company of Google, is preparing for its first-ever Australian dollar bond issuance as the U.S. technology giant explores new funding sources amid rapidly rising artificial intelligence investment. The...

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...