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Thu, Jul 23, 2026 02:06 AM All times are UTC

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UK to perform worse of major economies in 2023, says IMF – here’s how to achieve long-term growth

Feb 05, 2023 04:22 am UTC| Economy

The International Monetary Fund (IMF) has produced another dismal forecast for the UK economy. The IMF expects it to contract by 0.6% in 2023, whereas all other major economies are expected to grow including sanctions-hit...

Losing the natural world comes with major risks for your super fund and bank

Feb 05, 2023 04:21 am UTC| Economy

As the economist Herman Daly pithily said, the economy is a wholly owned subsidiary of the environment not the reverse. Nature makes our lives possible through what scientists call ecosystem services. Think healthy food,...

Top economists' forecasts: Higher interest rates, falling home prices and real wages, but no recession

Feb 05, 2023 04:05 am UTC| Economy

Australias Reserve Bank is set to push up rates once again at its first meeting for the year on Tuesday, according to all but two of the 29 leading economists surveyed by The Conversation at the start of 2023. Those...

Kioxia to deploy 7.5 MW solar power from flash memory factory rooftops in Japan

Feb 04, 2023 20:46 pm UTC| Nature Economy Business

The Kioxia Group is installing an additional 3.9 MW of rooftop solar systems at its Yokkaichi factory to raise the total to 7.5 MW of PV systems that generate some 7,600 MWh of clean electricity per year at its...

First Michelin-starred ramen shop, Tsuta, to reopen in Tokyo Feb 10

Feb 04, 2023 14:20 pm UTC| Economy Business Life

Micelin-starred ramen shop Japanese Soba Noodles Tsuta will reopen on February 10 in Tokyos Shibuya Ward. Tsuta, the first ramen shop to ever receive a Michelin star in 2016, closed in September 2022, for various...

Hong Kong to give away 500,000 air tickets, vouchers to woo tourists

Feb 04, 2023 07:37 am UTC| Economy Business Life

Hong Kong will give away 500,000 free air tickets and vouchers under its Hello Hong Kong campaign to woo tourists back to the international financial hub in what Chief Executive John Lee called probably the worlds biggest...

Genesis BBQ founder charged with breach of trust for alleged siphoning of company funds

Feb 03, 2023 10:07 am UTC| Business Economy

Genesis BBQs founder and former chairman, Yoon Hong Geun, was charged with violation of the Special Economic Crimes Weighted Punishment Act last month. His case involves a breach of trust because he allegedly moved the...

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Economy

Oil Prices Rise as Houthi Attacks on Saudi Tankers Heighten Middle East Supply Fears

Oil prices extended their rally for a fifth consecutive session during Asian trading on Thursday as renewed geopolitical tensions in the Middle East fueled concerns over potential disruptions to global crude supplies. The...

South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth

South Koreas economy expanded faster than expected in the second quarter of 2026, supported by resilient semiconductor exports as global demand for artificial intelligence (AI) technologies continued to boost the countrys...

Nasdaq Drops as AI Earnings, Oil Surge and Middle East Tensions Weigh on Wall Street

U.S. stocks ended mixed on Wednesday as investors turned cautious ahead of key earnings from major technology companies while rising oil prices and escalating tensions in the Middle East added to inflation concerns. The...

US Dollar Pauses Rally as Middle East Tensions Support Safe-Haven Demand

The U.S. dollar edged lower on Wednesday after reaching its strongest level in more than a week, but persistent geopolitical risks and surging oil prices continued to support demand for the greenback. Investors remained...

Gold Price Climbs Above $4,130 as Middle East Tensions Boost Safe-Haven Demand

Gold prices climbed to their highest level in more than two weeks on Wednesday as investors returned to the precious metal amid escalating geopolitical tensions in the Middle East and continued support above the key...

Politics

Maduro U.S. Drug Trafficking Trial Set for June 2027 as Immunity Defense Looms

A U.S. federal judge has scheduled the criminal trial of ousted Venezuelan President Nicolas Maduro and his wife, Cilia Flores, for June 1, 2027, in a high-profile drug trafficking case that could carry a life sentence if...

Trump Praises Nigeria’s Tinubu, Signaling Stronger U.S.-Nigeria Security Ties

U.S. President Donald Trump has praised Nigerian President Bola Tinubu for his efforts to combat violence and strengthen security, marking a notable improvement in relations between Washington and Abuja after months of...

Russia Says It Hit Ukrainian Ports, Cargo Ships in Odesa and Chornomorsk

Russia said Wednesday that its forces launched strikes on the Ukrainian port cities of Odesa and Chornomorsk, targeting port infrastructure, cargo vessels, and military-related facilities that Moscow claims were supporting...

US Plans Closer Coordination With Erik Prince-Linked Security Firm in Haiti Amid Drone Strike Concerns

U.S. security officials are preparing for closer coordination with Vectus Global, the private military company linked to Blackwater founder Erik Prince, as Haiti intensifies its campaign against powerful armed gangs. The...

Juan Orlando Hernandez Seeks Dismissal of Honduras Charges After Trump Pardon

Former Honduran President Juan Orlando Hernandez said he will seek the dismissal of fraud and money laundering charges in Honduras after returning home on Sunday, following a U.S. presidential pardon that ended his 45-year...

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

Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook

Alphabet (NASDAQ: GOOGL) delivered stronger-than-expected second-quarter 2026 results, driven by rapid growth in Google Cloud and continued investment in artificial intelligence infrastructure. Despite beating Wall Street...

Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call

The possibility of a merger between Tesla (NASDAQ: TSLA) and SpaceX gained fresh attention after Teslas second-quarter earnings call, with Deepwater Managements Gene Munster increasing the odds of a deal taking place in...

IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness

International Business Machines (NYSE: IBM) reported second-quarter 2026 earnings that missed Wall Street expectations, although its shares gained about 3% after the company had already warned investors about weaker...

OpenAI Australia Data Center Switches Cooling Strategy After Recycled Water Plan Fails

OpenAIs planned mega data center in Australia will rely on a more energy-intensive cooling system after developers abandoned plans to use recycled water, according to a Reuters report published Thursday. The change comes...

US Investigates Moonshot Over Alleged Use of Advanced AI Chips and IP Theft

The U.S. Bureau of Industry and Security (BIS) has launched an investigation into whether Chinese artificial intelligence companies, including Moonshot AI, have gained access to advanced U.S. AI chips in violation of U.S....