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BlueScope Leads Global Bid for Whyalla Steelworks in Green Steel Push

Aug 04, 2025 00:52 am UTC| Business

Australias BlueScope Steel (OTC:BLSFY) has teamed up with global steel giants Nippon Steel of Japan, Indias JSW Steel (NSE:JSTL), and South Koreas POSCO (NYSE:PKX) to bid for Sanjeev Guptas troubled Whyalla Steelworks. The...

Boeing St. Louis Fighter Jet Workers Reject Contract, Set to Strike

Aug 04, 2025 00:39 am UTC| Business

Union members who build Boeing (NYSE: BA) fighter jets in the St. Louis area have rejected the aerospace giants latest contract proposal and will begin a strike at midnight Monday, the International Association of...

Google Antitrust Ruling Could Impact Apple’s $28B Search Deal, Says JPMorgan

Aug 03, 2025 12:16 pm UTC| Technology Business Law

A looming U.S. court ruling on antitrust remedies for Googles search business could have major financial implications for Apple, according to JPMorgan analysts. Last year, a federal judge found Google guilty of spending...

LVMH Faces Key H2 Challenges as Morgan Stanley Highlights 10 Investor Questions

Aug 03, 2025 12:07 pm UTC| Business Insights & Views

LVMHs Q2 2025 results revealed a sharper-than-expected slowdown in its crucial Fashion Leather Goods (FLG) division, which accounts for nearly half of group sales and three-quarters of EBIT. Organic sales fell 9%, fueling...

Adidas Faces Q2 Slowdown but UBS Sees Long-Term Growth Potential

Aug 03, 2025 12:04 pm UTC| Business

Adidas strong market momentum may be slowing after weaker-than-expected second-quarter results raised doubts over the durability of its turnaround. The sportswear giant reported a softer Q2 revenue, hit by sluggish...

Codelco Confirms Second Fatality in El Teniente Mine Collapse After 4.2-Magnitude Tremor

Aug 02, 2025 23:45 pm UTC| Business

Chilean state-owned copper giant Codelco confirmed Saturday that rescue teams at its flagship El Teniente mine have recovered the remains of a second trapped miner, raising the death toll from Thursdays collapse to two....

Berkshire Hathaway Faces $3.76B Kraft Heinz Write-Down, Cash Pile Nears Record

Aug 02, 2025 23:28 pm UTC| Business

Warren Buffetts Berkshire Hathaway (NYSE:BRKa) reported a $3.76 billion write-down on its 27.4% stake in Kraft Heinz (NASDAQ:KHC) during Q2 2025, reflecting continued struggles at the food giant. The after-tax charge,...

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Economy

New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices

A dangerous outbreak of the New World Screwworm has moved closer to the United States, raising serious concerns for the livestock industry and agricultural economy. According to the U.S. Department of Agriculture (USDA),...

Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge

Iran has rejected suggestions that a final agreement has been reached with the United States, emphasizing that negotiations surrounding its nuclear program remain ongoing. The statement came after comments from U.S....

US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns

The United States has initiated a new trade investigation into Vietnams handling of intellectual property (IP) rights, a move that could eventually lead to additional tariffs on Vietnamese imports. The investigation,...

US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook

The U.S. dollar weakened slightly on Friday as investor confidence improved following comments from President Donald Trump regarding a possible peace agreement between the United States and Iran. The prospect of easing...

Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision

Oil prices moved lower on Friday as investors closely monitored developments surrounding a potential U.S.-Iran peace agreement. Market sentiment weakened after U.S. President Donald Trump stated that he would meet with...

Politics

US Southern Command Chief Holds Rare Military Meeting With Cuban Officials at Guantanamo Bay

A rare high-level military meeting between the United States and Cuba took place at the perimeter of the U.S. Naval Station at Guantanamo Bay, marking a significant development in U.S.-Cuba relations amid growing...

Trump Nears Decision on Iran Ceasefire Extension as Key Disputes Remain

U.S. President Donald Trump said Friday that he is close to making a final decision on a proposed agreement to extend the current ceasefire with Iran, although major disagreements between Washington and Tehran continue to...

Poland Considers Revoking Zelensky’s Top Honor Over Controversial UPA Army Unit Recognition

Poland is considering revoking one of its highest state honors awarded to Ukrainian President Volodymyr Zelensky after a controversial decision by Ukraine to rename a military unit after the Ukrainian Insurgent Army (UPA),...

Trump Signs Executive Order to Expand Access to Federal Lands in the U.S.

U.S. President Donald Trump signed an executive order on Friday aimed at removing restrictions that limit access to federal lands across the United States, according to a statement from the White House. The move is part of...

UN Blacklists Israel and Russia Over Conflict-Related Sexual Violence Claims

The United Nations has added Israel and Russia to its official blacklist of parties suspected of committing conflict-related sexual violence, a decision that has sparked strong international reactions and intensified...

Science

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...

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

Technology

Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements

A Kentucky school district has secured nearly $27 million in settlements from major social media companies over allegations that their platforms contributed to a growing student mental health crisis. The financial details,...

MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook

MongoDB (NASDAQ: MDB) delivered stronger-than-expected first-quarter fiscal 2027 results, fueled by growing demand for its database platform among enterprises and organizations developing artificial intelligence...

SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target

Elon Musks SpaceX is reportedly moving forward with plans for a historic initial public offering (IPO), targeting a valuation of at least $1.8 trillion. According to a Bloomberg News report citing sources familiar with the...

Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion

Autodesk (NASDAQ: ADSK) reported stronger-than-expected financial results for its fiscal first quarter and announced a major $3.6 billion acquisition of MaintainX, a move that strengthens its position in AI-powered...

US Quantum Stocks Surge After $2 Billion Government Investment

The U.S. Department of Commerce has sparked major excitement across the technology and financial sectors after announcing plans to invest $2 billion into quantum computing and advanced hardware companies through the CHIPS...