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Samsung, Apple to compete in smartphone market with the release of new foldable phones

Jul 06, 2022 06:42 am UTC| Business Economy

Samsung Electronics is expected to go head to head with Apple as it is set to release its newest foldable smartphones. The South Korean electronics company will be unveiling its Z Fold 4 and Z Flip 4 mobile phone models in...

Coca-Cola to launch Pride Series NFTs

Jul 05, 2022 23:26 pm UTC| Life Economy Business Technology

Coca-Cola will be launching 136 Pride series NFTs in collaboration with designer and advocate for LGBTQIA+ rights, Rich Mnisi. Some of the NFTs are already listed on OpenSea. The Coca-Cola Pride Series NFTs have a...

California court uphelds Monster's $175 million trademark win against Bang Energy

Jul 05, 2022 23:15 pm UTC| Law Economy Business

A California federal court has upheld an arbitrators $175 million award for Monster Energy Co and orange-drink maker Orange Bang Inc against Vital Pharmaceuticals Inc for trademark infringement. Vital, which...

Japanese convenience store Ministop switches from plastic to edible spoons for ice cream

Jul 05, 2022 23:11 pm UTC| Nature Life Economy Business

To reduce its plastic waste, Japanese convenience store Ministop will expand the use of edible spoons made from ice cream cones for its popular soft-serve ice cream, Minisof. In May 2022, two of Ministops directly...

Hyundai Motor discontinues plan to construct LNG plant

Jul 05, 2022 23:01 pm UTC| Nature Economy Business

Hyundai Motor Co. has scrapped its plan to build a liquefied natural gas (LNG)-powered thermal power plant and would instead accelerate the installation of solar panels at its major factories. The top South Korean...

France to restrict plant-based meat names in October

Jul 05, 2022 22:55 pm UTC| Law Economy Business

France will ban the use of names referring to meat like steak and sausage for plant-based protein foods beginning in October, making it the first EU country to impose such a restriction on meat alternatives. French meat...

EssilorLuxottica founder’s top aide appointed as chairman

Jul 05, 2022 10:01 am UTC| Business Economy

EssilorLuxottica, the parent company of the Ray-Ban luxury sunglasses line, has announced the appointment of its new chief executive officer after its owner, Leonardo del Vecchio, died last week. Reuters reported that...

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Economy

US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices

U.S. Energy Secretary Chris Wright said Washington is preparing measures to help refiners increase fuel production as the Trump administration looks for ways to bring down gasoline prices following the U.S.-Israeli war on...

Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks

Canada is bracing for a new wave of 50% U.S. tariffs this week, raising concerns over job losses, weaker investment and fresh uncertainty surrounding the U.S.-Mexico-Canada Agreement (USMCA). U.S. President Donald Trump...

Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus

Wall Street closed lower Monday as investors stepped back following a record-setting week, while rising oil prices and persistent Middle East tensions weighed on market sentiment. The SP 500 fell 0.5% to 7,748.14, the...

Citadel Warns High Treasury Yields Pose Broader Market Risks

The Federal Reserves monetary policy strategy following the recent inflation surge is helping keep long-term US Treasury yields near multiyear highs, potentially creating wider risks across financial markets, according to...

Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz

Oil prices extended their gains Monday as escalating U.S.-Iran tensions over the Strait of Hormuz fueled concerns about global energy supplies and shipping disruptions. Brent crude futures for October delivery rose 2.5% to...

Politics

Erdogan Urges Trump to Resume Iran Talks, Offers Turkey’s Support for Peace Efforts

Turkish President Recep Tayyip Erdogan has urged U.S. President Donald Trump to prioritize diplomacy with Iran as tensions between Washington and Tehran remain high, offering Turkeys support for efforts to secure a lasting...

Trump Says Kim Jong Un Responded to Outreach After US Scales Back South Korea Military Drills

U.S. President Donald Trump said Monday that North Korean leader Kim Jong Un has responded to his recent outreach, signaling renewed communication between the two leaders as Washington moves to reduce joint military...

Trump Says Iran Should Surrender as Nuclear Deal Talks Stall

U.S. President Donald Trump said Monday that Iran is unlikely to accept the agreement he considers necessary to end the war with the United States, insisting Tehran must surrender and abandon any path toward developing a...

Gérald Darmanin Backs Édouard Philippe for 2027 French Presidential Election

French Justice Minister Gérald Darmanin has thrown his support behind former Prime Minister Édouard Philippe for Frances 2027 presidential election, ruling out a potential bid of his own as the countrys...

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...

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

BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside

Bank of America expects Micron Technology (NASDAQ: MU) to deliver more than $230 in earnings per share by fiscal 2030, significantly above Wall Streets current peak estimates, as artificial intelligence demand reshapes the...

Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate

Anthropics annual revenue run rate surpassed $65 billion by the end of July, highlighting the artificial intelligence startups rapid expansion as it prepares for a potential initial public offering later this year. The...

Google to Buy Spirit Airlines Business Data for $10 Million to Train AI

Google, a subsidiary of Alphabet, has agreed to acquire internal business data from bankrupt Spirit Airlines for $10 million, with plans to use the information for product development and artificial intelligence training....

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...