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Gap teams up with Walmart to launch home decors and essentials line

May 27, 2021 07:28 am UTC| Business Economy

Gap will be launching its line of home decors and home essentials next month. Based on the reports, the popular clothing brand has partnered with Walmart for this new business venture. What Gaps home line brand is...

Nissan reportedly in talks to build battery plant in the UK

May 27, 2021 05:54 am UTC| Business Economy

Nissan is reportedly in the advanced phase of talks to build its battery factory in the U.K. the Japanese carmaker is aiming to set up a massive plant for the production of electric car batteries. Nissans gigafactory to...

Jeff Bezos to pass the baton to Andy Jassy as Amazon CEO on July 5

May 26, 2021 23:14 pm UTC| Economy Business

Amazon.com Inc founder and CEO Jeff Bezos announced that Andy Jassy, who currently manages the companys cloud-computing business, will take over the CEO role on July 5. Bezos said that July 5 was sentimental for him as...

Coca-Cola cuts beverage prices for vending machine subscribers

May 26, 2021 22:40 pm UTC| Economy Business

Coca-Cola (Japan) Co. is hoping for a bounce-back by offering customers discounts through a subscription service on the Coke ON smartphone app that requires a monthly 2,700 yen fee can buy a drink a day without paying in...

WhatsApp sues Indian government over new messaging rules

May 26, 2021 22:36 pm UTC| Economy Business Law

WhatsApp has challenged Indian rules that would require it to provide access to encrypted messages via a lawsuit in the Delhi High Court, aggravating their already tense relationship with the Indian government. Facebook...

China’s copper, steel scrap importations hurting S. Korean SMEs

May 26, 2021 21:51 pm UTC| Economy Business

South Koreas massive exports to China of scrap steel, which increased 17-fold on-year to 28,089 tons in April, and of 8,759 tons of scrap copper, up 14-fold on-year, are hurting its domestic companies that are struggling...

BOK expected to raise 2021 growth forecast to 4%

May 26, 2021 21:30 pm UTC| Economy Business

The Bank of Korea (BOK) may raise its 2021 growth forecast to around 4 percent due to strong economic recovery signs amid an aggressive fiscal stimulus, according to economists. In February, the BOK forecast South...

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Economy

Fed Minutes Signal Rate Hikes Remain Possible as Inflation Risks Persist

Federal Reserve officials indicated that additional interest rate hikes could be necessary if inflation fails to ease, according to minutes from the central banks July Federal Open Market Committee (FOMC) meeting. The Fed...

US Dollar Hits Three-Month Low as Treasury Yields Fall

The U.S. dollar dropped to its weakest level in more than three months on Wednesday as falling Treasury yields pressured the greenback, while investors assessed the Federal Reserves latest signals on inflation and interest...

Gold Tops $4,500 as Dollar Slides After Treasury Bond Move

Gold prices surged on Wednesday, breaking above $4,500 an ounce for the first time since early June as falling U.S. Treasury yields pressured the dollar and boosted demand for the precious metal. Spot gold climbed 4% to...

U.S. Public Debt Tops $40 Trillion for First Time

U.S. public debt has surpassed $40 trillion for the first time, marking a historic milestone as persistent federal deficits and years of elevated government borrowing continue to expand the nations debt burden. According...

Oil Prices Climb as US-Iran Hormuz Tensions Rattle Markets

Oil prices moved higher Wednesday, with Brent crude reaching a roughly four-week high as tensions between the United States and Iran over the Strait of Hormuz continued to fuel concerns about global energy supplies. Brent...

Politics

Ukraine Names Yevhenii Khmara Defence Minister Amid Election Row

Ukrainian lawmakers appointed Yevhenii Khmara as the countrys new defence minister on Wednesday, deepening a major political shake-up as President Volodymyr Zelenskiy faces pressure over wartime elections and a fresh...

Trump Administration Allocates $206 Million for Gaza Peacekeeping Force

President Donald Trumps administration is allocating more than $206 million to support a proposed Gaza peacekeeping force, marking the first major U.S. financial commitment to its stalled Gaza reconstruction and security...

Israel, Syria Discuss Turkey’s Military Presence Before Airstrike

Israels Mossad chief Roman Gofman held a rare phone call with Syrian Foreign Minister Asaad al-Shaibani on August 14, with Turkeys growing military presence in Syria dominating the discussion, according to three people...

UN Chief Raises Concern Over US Sanctions on ICC Officials

United Nations Secretary-General Antonio Guterres has expressed serious concern over the United States decision to impose sanctions on International Criminal Court President Tomoko Akane and senior trial lawyer Abdoulaye...

Israeli Airstrikes Kill 10 Palestinians in Gaza as Ceasefire Diplomacy Stalls

An Israeli airstrike on a police station in Gaza killed nine Palestinians on Wednesday, according to medics, as diplomatic efforts to advance U.S. President Donald Trumps Gaza peace plan remained stalled. Medical and...

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

OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead

OpenAI reported an 18% increase in second-quarter revenue, but widening losses and rapid growth at rival Anthropic are adding pressure on the ChatGPT maker, according to The Wall Street Journal. OpenAI told investors that...

Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut

Unitree Robotics shares skyrocketed in their Shanghai stock market debut on Wednesday, highlighting surging investor interest in Chinas robotics and artificial intelligence sectors. The Chinese humanoid robot maker saw its...

Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks

Goldman Sachs has identified nine Japanese semiconductor and electronic components stocks it believes are well positioned for growth, particularly as artificial intelligence and data center demand accelerates. The bank...

Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth

Baidu shares plunged to a near one-year low on Wednesday after the Chinese technology giant reported weaker-than-expected second-quarter results, as declining advertising revenue overshadowed strong growth across its...

OpenAI Tightens AI Safety Monitoring After Security Incidents

OpenAI is strengthening oversight of its most advanced artificial intelligence models as the company works to prevent unexpected or potentially dangerous behavior from increasingly autonomous AI systems. The ChatGPT...