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Cadbury to reduce product weight without price cut

Jul 19, 2020 16:00 pm UTC| Business

Cadbury chocolate Mondelez International was denounced by consumers at Twitter for shrinkflation after announcing that it would reduce its products weight without shrinking the price. A disgruntled customer pointed out...

Burger King's eco-friendly solution is to reduce cow farts

Jul 19, 2020 15:00 pm UTC| Business

Burger King is adding 100 grams of lemongrass per cow to improve its diet and reduce methane emissions through farting or belching. The emissions are being blamed as key contributors to climate change as it traps the...

SK Holdings invests additional 100-B won in Chinese copper foil manufacturer

Jul 19, 2020 11:27 am UTC| Business

SK Holdings will invest an additional 100 billion won in Chinese copper foil manufacturer Wason to pursue the EV parts business as an avenue for growth. The amount is in addition to the 270 billion won invested in April...

New York earmarks $750-M for EV charging stations, infrastructure

Jul 17, 2020 07:52 am UTC| Business

New York would allocate $750 million to build over 50,000 charging stations and other electric-vehicle infrastructure. On Thursday, Governor Andrew Cuomo announced the investment program to be funded by the states...

SK Gas launches 'Eco Station' for hydrogen and LPG charging

Jul 17, 2020 06:25 am UTC| Business

SK Gas has introduced a hydrogen and liquefied petroleum gas charging station equipped with café, unmanned convenience store, and premium DIY car washing facility in Namdong-gu, Incheon. Dubbed as an Eco Station,...

Hyundai to recall 272,000 cars in US due to fire-prone socket

Jul 17, 2020 05:26 am UTC| Business

Hyundai Motor Co. will recall over 272,000 vehicles in the US due to a defect in the dashboards electrical socket, which can overheat and cause a fire. The recalled models are the Sonata midsize and Elantra compact...

Reliance gets support from Facebook, Google as it takes on Amazon, Walmart, Zoom in India

Jul 17, 2020 04:59 am UTC| Business

Indias Reliance will threaten further the plans of US companies like Amazon, Walmart, and Zoom in India with its $20 billion fundraising spree. On top of private equity and sovereign wealth funds, Google and Facebook...

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Economy

Gold Holds Near Two-Month High as Treasury Yields Fall

Gold prices remained close to a more than two-month high on Thursday as falling U.S. Treasury yields, a softer dollar and expectations for easier financial conditions boosted demand for the precious metal. Spot gold...

Oil Prices Rise as Trump Threatens Tougher Iran Economic Measures

Oil prices climbed on Thursday, extending their winning streak to five sessions as escalating tensions between the United States and Iran heightened concerns over global crude supply. Brent crude futures gained 0.3% to...

Australia Unemployment Rate Hits 4.5% as Jobs Fall in July

Australias unemployment rate climbed to 4.5% in July, signaling further weakness in the labor market and potentially influencing the Reserve Bank of Australias (RBA) interest rate decision at its September meeting....

Japan Trade Deficit Widens as Imports Surge on Energy and AI Demand

Japan recorded a trade deficit of 634.58 billion yen ($4.01 billion) in July as strong export growth was outweighed by an even sharper rise in imports, according to data from the Ministry of Finance. The July trade deficit...

Asian Currencies Steady as Dollar Weakens After Treasury Bond Buybacks

Asian currencies stabilized on Thursday following strong gains in the previous session, while the U.S. dollar remained under pressure as investors assessed Washingtons efforts to ease volatility in the Treasury bond...

Politics

South Korea Estimates North Korea Has Up to 120 Nuclear Warheads

South Korea estimates that North Korea may possess between 80 and 120 nuclear warheads, Defence Minister Ahn Gyu-back said Thursday, offering a significantly higher range than U.S. President Donald Trumps recent figure of...

Australia Summons Israeli Ambassador Over Gaza Aid Worker Death

Australia has summoned Israels ambassador and condemned the Israeli militarys decision not to pursue criminal proceedings over the 2024 Gaza airstrike that killed Australian aid worker Zomi Frankcom and six of her World...

Trump Threatens Economic Penalties on Countries Supporting Iran

U.S. President Donald Trump has threatened sweeping economic consequences against countries providing what he described as a lifeline to Iran, escalating pressure nearly six months into the U.S.-Israel war with Tehran. The...

Russia Strikes Kyiv With Drones and Airstrikes, Targets Military Facilities

Russia launched a series of airstrikes and drone attacks on Kyiv and the surrounding region, targeting military and logistics facilities, according to the Russian Defence Ministry. In a statement published on Telegram, the...

Trump Threatens ‘Crushing’ Iran Sanctions as Hormuz Standoff Deepens

U.S. President Donald Trump said Wednesday evening that Washington is preparing tougher economic restrictions on Iran as tensions between the two countries continue over the Strait of Hormuz. Trump warned that countries...

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

Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits

Samsung Electronics is reportedly preparing a new shareholder return policy worth more than 100 trillion won ($71.75 billion), as booming demand for artificial intelligence chips drives expectations of record profits at...

SK Hynix Shares Surge on Record $28.6 Billion Buyback

SK Hynix shares staged a strong rebound on Thursday after the South Korean memory-chip giant announced a record 40 trillion won ($28.6 billion) share buyback and cancellation plan, providing fresh confidence to investors...

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...
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