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Food insecurity already affects 12 million US homes -- and reductions in SNAP benefits won't help

Jun 16, 2023 06:01 am UTC| Economy

Millions of Americans struggle to afford healthy meals and nutritious food. Known as food insecurity, this problem was already rising when Supplemental Nutrition Assistance Program, or SNAP, benefits previously called...

McDonald's Philippines to Offer 20,000 Jobs, Launches NewJeans Chicken Dance Campaign

Jun 16, 2023 04:59 am UTC| Life Economy Business

McDonalds Philippines unveils plans for significant expansion, aiming to generate 20,000 jobs alongside its globally appealing NewJeans Chicken Dance Campaign. Currently boasting nearly 60,000 staff members, the...

Burger King Unveils Innovative Shrimp Whopper in Japan; U.S. App Delivery Charges Adjusted

Jun 16, 2023 01:24 am UTC| Life Economy Business

Burger King stirs up the fast food industry with the new Shrimp Whopper, a tantalizing surf and turf burger, debuting in Japan. Concurrently, U.S. patrons will face increased delivery charges when ordering through the BK...

America’s Roundup: Dollar dips as investors assess US data, Fed rate signals ,Wall Street ends high, Gold bounces back, Oil futures up 3% on strong China refinery data

Jun 16, 2023 00:48 am UTC| Market Roundups Economy

Market Roundup US May Retail Sales Ex Gas/Autos (MoM) 0.4%, -0.3% forecast,0.6% previous US May Retail Control (MoM) 0.2%,0.0% forecast,0.7% previous US May Core Retail Sales (MoM) 0.1% 0.1% forecast,0.4%...

Honda Breaks into Electric Motorcycle Market With Commuter-friendly EM1 e:; Announces Ambitious Electric Expansion

Jun 16, 2023 00:33 am UTC| Economy Business Life

Revving into the future, Honda Motor Co. has announced its first electric motorcycle, the EM1 e:, available for purchase on August 24th. This game-changing vehicle, perfect for daily commutes, signifies Hondas strategic...

Europe Roundup: Euro inches lower ahead of ECB meet, European shares mixed ,Gold retreats, Oil up on strong China refinery data

Jun 15, 2023 12:07 pm UTC| Market Roundups Economy

Market Roundup Swiss May PPI (MoM) -0.3%,0.1% forecast,0.2% previous Swiss May PPI (YoY) -0.3%,-0.2% forecast,1.0% previous French May CPI (MoM) -0.1%, -0.1% forecast,0.6% previous French May...

Stellantis Recalls Over 300,000 Jeep Cherokees for Defective Rear Coil Springs

Jun 15, 2023 11:24 am UTC| Business Economy

Stellantis N.V. automobile company announced it has recalled more than 354,000 units of Jeep Grand Cherokee. It cited defective rear coil springs as the reason for the move. Stellantis explained that the said vehicle...

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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...
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