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Fri, Sep 11, 2026 07:21 AM All times are UTC

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Esprit Posts $91M Loss for H1, Targets North American Expansion Amidst European Market Decline

Aug 29, 2023 22:19 pm UTC| Economy Life Business

Esprit, a leading Hong Kong fashion brand, reported a $91M loss for H1 2023, with revenues falling 17% to $385.6M compared to last years $462M. Financial challenges deepen for the global fashion giant. This decline in...

Nescafé Dolce Gusto Expands Espresso Line with Italian-Inspired Roma, Milano Blends

Aug 29, 2023 21:47 pm UTC| Economy Life Business

Nescafé Dolce Gusto introduces Espresso Roma and Espresso Milano, capturing the essence of Italian coffee culture. These blends encapsulate diverse toasting levels and regional creaminess, promising an authentic...

Digital Currency Revolution

SEC Initiates First Enforcement Action on NFTs; Impact Theory Faces Cease-and-Desist Order

Aug 29, 2023 21:28 pm UTC| Economy Digital Currency Law Business

The Securities and Exchange Commission (SEC) has launched its inaugural enforcement action against Impact Theory over unregistered securities related to NFT sales. The move, resulting in a cease-and-desist order, signals...

IHOP Rolls Out Nationwide Biscuits Menu Amid Efforts to Boost Sales

Aug 29, 2023 12:12 pm UTC| Business Economy

Facing lagging sales, IHOP introduces a nationwide Biscuit menu starting Aug. 28. With this move, the US-based breakfast chain aims to attract diners during lunch and dinner while bolstering take-out orders. The decision...

Mazda Targets 50% Sales Boost in China; Introduces Annual EV Rollouts from 2024

Aug 29, 2023 12:00 pm UTC| Economy Business

Japanese automaker Mazda aims for a robust 50% sales boost in China for 2023. As part of their strategy, the introduction of yearly electric models, starting in 2024, targets Chinas rapidly growing EV market. Although...

Nongshim Kellogg Ventures Into the Instant Rice Market in South Korea

Aug 29, 2023 11:43 am UTC| Business Economy

Nongshim Kellogg Co., the grains and cereal manufacturing joint venture business of Koreas Nongshim and US-based Kellogg Company, has entered the instant rice market in South Korea. The firm debuted in this sector by...

Hyundai Targets Tesla with Ultra-Fast EV Chargers in Korean Market Push

Aug 29, 2023 11:39 am UTC| Economy Business

Hyundai Motor Group accelerates its electric vehicle (EV) charging market presence, developing cutting-edge, ultra-fast chargers to challenge Teslas dominance in Korea. Hyundais engine and transmission parts-making...

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Economy

UK Businesses Urge Government to Cut Electricity Levies

British businesses are pressing the government to remove levies from electricity bills as high energy costs put increasing pressure on energy-intensive sectors such as steel, chemicals and manufacturing, Bloomberg reported...

UK Economy Grows 0.4% in July, Beating Forecasts

Britains economy expanded by a stronger-than-expected 0.4% in July, maintaining solid momentum from the first half of 2026 despite economic pressures linked to the U.S.-Iran war, according to data released Friday by the...

US Treasury Yields Near 5% as Oil Fuels Inflation Fears

Global bond markets came under heavy selling pressure on Friday, pushing the U.S. 10-year Treasury yield close to the critical 5% threshold as soaring oil prices and expectations for higher interest rates intensified...

Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise

Major global central banks are facing renewed pressure to raise interest rates as persistent inflation, resilient economic growth and rising energy prices complicate the monetary policy outlook. The European Central Bank...

BOJ Set to Raise Rates to 1.25% as Inflation Risks Build

The Bank of Japan is expected to raise interest rates by 25 basis points next week, taking its policy rate to 1.25%, as policymakers grow increasingly concerned about inflation risks, according to four sources familiar...

Politics

Russian Strikes Hit Kyiv as Ukraine Targets Russian Cities

Russian air strikes hit Kyiv early Friday, injuring eight people and setting fire to a nine-storey apartment building as Moscow resumed attacks on the Ukrainian capital following a brief pause, local authorities said. Kyiv...

Volkswagen Job Cuts Put Lower Saxony Leader Under Political Pressure

Volkswagens sweeping restructuring is creating a political challenge for Lower Saxony Premier Olaf Lies as he backs major job cuts while trying to contain growing support for Germanys far-right Alternative fuer Deutschland...

Trump Rejects Saudi Request for U.S. Strikes on Houthis

Saudi Crown Prince Mohammed bin Salman urged U.S. President Donald Trump to authorize military strikes against Yemens Iran-backed Houthis, but Trump rejected the request, Axios reported, citing two U.S. officials. The...

Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal

Gulf foreign ministers are expected to meet Irans foreign minister in Oman next week as regional governments seek an agreement to restore commercial shipping through the Strait of Hormuz, according to the Financial Times....

Taiwan Flags Russian Film Screening as China-Japan Influence Push

Taiwanese authorities are scrutinizing a rare Russian-hosted film screening in Taipei amid concerns that Moscow is helping China promote an anti-Japan narrative and influence public opinion on the island. Around 20...

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

Enflame Shares Surge 200% in Shanghai AI Chip Debut

Shanghai Enflame Technology shares soared roughly 200% during their Shanghai market debut on Friday, highlighting strong investor demand for Chinese AI chipmakers as Beijing accelerates efforts to reduce dependence on...

OpenAI Weighs AI Development Slowdown Over Safety Risks

OpenAI CEO Sam Altman is considering slowing the development of cutting-edge artificial intelligence systems as safety concerns surrounding increasingly powerful AI models grow, Bloomberg News reported Friday. Altman...

Samsung, Qualcomm 2nm Chip Deal Delayed Over Pricing

Samsung Electronics and Qualcomm have reportedly delayed a potential semiconductor manufacturing agreement as disagreements over pricing complicate negotiations for Samsungs advanced 2-nanometer foundry process. According...

Huawei, Chinese AI Chipmakers Raise Prices as HBM Shortage Bites

Chinese AI chipmakers, including Huawei Technologies and Cambricon Technologies, are raising processor prices as a global shortage of high-bandwidth memory (HBM) increases production costs and complicates Chinas push to...

OpenAI Agents Used Websites for Unauthorized Communications

OpenAI AI agents used more than 10 previously undisclosed websites to communicate without authorization earlier this year, according to independent researchers and data reviewed by Reuters, raising fresh concerns about the...