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Disneyland Shanghai reopens as China lifts COVID-19 restrictions

Jun 30, 2022 12:10 pm UTC| Business Economy

Disneyland Shanghai is set to open its doors to visitors again after a 3-month hiatus. The park restarts its operations Thursday, June 30. Disneyland Shanghai decided to resume its business after China eased up its...

McDonald's Korea goes local, unveils Boseong Green Tea Pork burger

Jun 30, 2022 10:28 am UTC| Business Economy

McDonalds Korea is going local and introducing different localized food items as part of its Taste of Korea project. For its second menu that was sourced in its native country, the Korean unit of the US-based fast-food...

Digital Currency Revolution

Metaverse: KPMG enters the virtual world, invests $30M to build metaverse platform for staff

Jun 30, 2022 10:07 am UTC| Business Digital Currency Investing

KPMG, one of the biggest accounting organizations, is diving into the metaverse and looking into business operations where it can also make use of the virtual world, such as retail, healthcare, consumer, media units, and...

Rold Gold marks 106 years as favorite pretzel brand by giving away $106,000 in real gold

Jun 30, 2022 09:12 am UTC| Business Economy

Rold Gold was introduced by Philadelphia businessman Lorraine Schumaker in 1917, and with its upcoming 106th birthday, it is celebrating this milestone by giving away over $106,000 in real gold bars. It is now owned by...

Coke launches its newest flavor in collaboration with Marshmello

Jun 30, 2022 09:02 am UTC| Business Economy

Coca-Cola just unveiled its newest Coke flavor under its Coca-Cola Creations banner. The limited-edition flavor was made in collaboration with Marshmello, the masked Grammy-nominated DJ and music producer. According to...

Gucci debuts first pet collection line

Jun 30, 2022 08:33 am UTC| Business Economy

Gucci, one of the most popular luxury brands in the world, has launched its new line of fashion items. However, it is not for humans, as the company is releasing its very first line of pet clothing collection. As per...

TikTok US ban: FCC asks Apple and Google to remove the app from its digital stores, citing security risks

Jun 30, 2022 08:33 am UTC| Technology Business

United States FCC Commissioner Brendan Carr has renewed efforts of the previous administration to limit TikToks operations in the country. While the Chinese-owned social media app is not facing another total ban, Carr has...

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Economy

US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease

The U.S. dollar remained near multi-month lows against major currencies on Tuesday as softer economic data reduced expectations for an imminent Federal Reserve interest rate hike. However, escalating Middle East tensions...

Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves

Australian consumer sentiment strengthened sharply in August, driven by improving household finances and greater confidence about the outlook for interest rates, according to the latest Westpac-Melbourne Institute survey....

Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade

Gold prices remained close to the $4,400-an-ounce mark on Tuesday as weaker U.S. economic data reduced expectations for further Federal Reserve tightening, while escalating Middle East tensions boosted safe-haven demand....

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

Oil prices climbed on Tuesday as escalating Iran-U.S. tensions reduced hopes for a permanent Middle East ceasefire, raising concerns over global energy supplies and continued disruptions through the Strait of Hormuz. Brent...

Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts

Economic losses from the powerful earthquake that struck Colombia last week could reach 30 trillion pesos ($9.58 billion), President Abelardo De La Espriella said Monday, highlighting the enormous financial toll of the...

Politics

Trump Approval Rating Hits Presidency Low as Iran War Concerns Grow

President Donald Trumps approval rating has fallen to the lowest point of his presidency as Americans grow increasingly concerned about the prolonged U.S. conflict with Iran and rising gasoline prices, according to a...

South Korea’s Lee Calls for Stronger Defence as US Eyes Reduced Joint Drills

South Korean President Lee Jae Myung called for stronger independent defence capabilities on Tuesday, stressing that Seoul must enhance its military readiness while maintaining its alliance with the United States. Lees...

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...

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...

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...

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

Google to Move All Pixel Production Out of China by 2027

Google plans to shift production of its Pixel smartphones, smartwatches and wireless earbuds entirely out of China beginning in 2027, according to a Nikkei Asia report. The technology giant is expected to rely on...

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...