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China’s AI Stocks Surge as DeepSeek R1 Fuels Market Optimism

Feb 13, 2025 05:40 am UTC| Technology Business

Chinese technology stocks have surged since DeepSeek R1s launch in late January, boosting investor confidence in Chinas AI sector. The AI model, which competes with OpenAIs ChatGPT using older hardware and a lower budget,...

European Startups Advance EV Battery Recycling to Cut Costs and CO2

Feb 13, 2025 05:39 am UTC| Technology Business

Two European startups have achieved key milestones in electric vehicle (EV) battery recycling, a crucial step toward meeting upcoming EU regulations, reducing dependence on China, and cutting carbon emissions. From August...

Wall Street Banks Near $3B Twitter Debt Sale as Musk’s Influence Grows

Feb 13, 2025 05:38 am UTC| Business

Wall Street banks are close to selling $3 billion in debt linked to Elon Musks 2022 takeover of Twitter, now rebranded as X. The sale follows last weeks $5.5 billion debt offload led by Morgan Stanley (NYSE:MS), marking a...

Treasury Wine Estates Drops Sale of Budget Brands, Cuts Profit Forecast

Feb 13, 2025 05:38 am UTC| Business

Treasury Wine Estates (OTC: TSRYF), the producer of Penfolds wine, scrapped its plan to sell its budget wine division after failing to secure an attractive offer. The decision came alongside a lowered annual profit...

Elon Musk's $97.4B OpenAI Bid Clashes with His Lawsuit Claims

Feb 13, 2025 05:37 am UTC| Technology Business Law

Elon Musks attempt to acquire OpenAI for $97.4 billion contradicts his ongoing lawsuit against the AI company, OpenAI argued in a letter submitted to a U.S. federal court on Wednesday. Musk, who co-founded OpenAI as a...

Indonesia to Import 200,000 Tons of Raw Sugar to Stabilize Prices Ahead of Ramadan

Feb 13, 2025 05:37 am UTC| Economy Business

Indonesia plans to import 200,000 metric tons of raw sugar to strengthen government food reserves as domestic white sugar prices rise ahead of Ramadan, the National Food Agency announced. The countrys estimated white sugar...

Ford CEO Warns Tariffs Could Devastate U.S. Auto Industry

Feb 13, 2025 05:37 am UTC| Economy Business Politics

Ford Motor CEO Jim Farley met with U.S. lawmakers after raising concerns that a 25% tariff on Canadian and Mexican imports could severely impact the American auto industry. Farley spoke with Senators Roger Marshall, Elissa...

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Economy

U.S. Stock Futures Flat Ahead of July CPI Data

U.S. stock futures were little changed Tuesday evening after Wall Street suffered a second consecutive session of losses, as investors turned their attention to upcoming U.S. inflation data for clues about the Federal...

Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding

Australias housing shortage is intensifying as construction worker shortages, rising costs and higher financing expenses slow the delivery of new homes, putting the governments 1.2 million-home target by 2029 at risk. In...

Dollar Steady as Markets Await U.S. Inflation Data

The U.S. dollar traded mostly flat in early Asian trading on Wednesday as investors focused on upcoming U.S. inflation data for clues about the Federal Reserves next interest-rate decision. Renewed attacks on shipping...

Asian Currencies Steady as Markets Await U.S. Inflation Data

Asian currencies and the U.S. dollar traded in narrow ranges on Tuesday as investors stayed cautious ahead of key U.S. inflation data that could influence expectations for the Federal Reserves interest-rate outlook. The...

Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise

Asian stocks traded mixed on Tuesday as gains in South Korea and Singapore offset weakness across several regional markets. Investors assessed the Reserve Bank of Australias latest interest rate decision while monitoring...

Politics

Darline Graham Advances to South Carolina Senate Runoff

Darline Graham, the sister of the late U.S. Senator Lindsey Graham, has advanced to a Republican runoff for South Carolinas U.S. Senate seat, setting up an August 25 contest against U.S. Representative Ralph Norman....

Judge Blocks Trump Mail Voting Order Ahead of 2026 Midterms

A federal judge has blocked the U.S. Postal Service (USPS) from enforcing part of President Donald Trumps executive order aimed at tightening mail-in voting rules ahead of the November 2026 midterm elections. U.S. District...

Ukraine Accuses Russia of Systematic Torture of POWs and Civilian Detainees

Former Ukrainian detainees and government officials have accused Russia of widespread and systematic torture of Ukrainian prisoners of war and civilian detainees, alleging beatings, electric shocks, sexual violence and...

Houthi Attack on Yemen’s Mocha Port Kills 7, Injures 30

At least seven people were killed and 30 others wounded after Houthi forces launched a major attack on Yemens Red Sea port city of Mocha, according to the Yemeni military. The military said in a statement early Monday that...

Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow

Trump Media Technology Group said Monday that more than 10 customers have signed up for its upcoming Truth API, a real-time data service designed to provide rapid access to posts from prominent Truth Social accounts,...

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

Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms

Anthropic has reportedly signed a $9.1 billion long-term agreement with Riot Platforms (NASDAQ: RIOT) to secure large-scale AI computing capacity, marking another major investment by the Claude developer as demand for...

Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants

Nvidia is expanding its influence beyond semiconductors after announcing agreements aimed at mobilizing up to $500 billion in third-party capital for artificial intelligence infrastructure. The move brings the AI chip...

SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges

The U.S. Securities and Exchange Commission (SEC) has provided regulatory clarification that could make it easier for data center owners and operators to access capital markets as the artificial intelligence boom drives...

Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch

Apple Inc. (NASDAQ: AAPL) is reportedly testing memory chips from Chinese semiconductor manufacturer CXMT Corp as the rapid expansion of artificial intelligence infrastructure puts increasing pressure on global memory...

Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors

Sony Group and Taiwan Semiconductor Manufacturing Co. (TSMC) are reportedly preparing to invest about 1 trillion yen ($6.32 billion) in a new Japanese semiconductor venture focused on next-generation chips for image...