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Sat, Sep 12, 2026 08:18 AM All times are UTC

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Chinese tea chain Mixue expands into South Korea, Japan

Dec 08, 2022 23:41 pm UTC| Life Economy Business

Chinese ice cream and tea chain Mixue Bingcheng has expanded to South Korea, in Seouls Dongjak-gu area, and will soon open in Japan ahead of a planned IPO. It is the Dongjak-gu area, where local and Chinese students...

Fortnum & Mason opens in Hong Kong its first travel retail store in Asia

Dec 08, 2022 23:41 pm UTC| Life Economy Business

Fortnum Mason is betting on tourism recovery in Hong Kong by opening a 333 sqft outlet inside Hong Kong International Airport, its first travel retail boutique in Asia. The store, located in the East Hall luxury zone,...

Central Banking Series

This latest increase in RBA interest rates might well be the last, for some time

Dec 08, 2022 10:59 am UTC| Central Banks Economy

You might not know it from reading Tuesdays statement announcing Australias eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough. The statement says inflation is still too...

Shipping must accelerate its decarbonisation efforts – and now it has the opportunity to do so

Dec 08, 2022 10:58 am UTC| Economy

Member states of the International Maritime Organisation (IMO), the UN agency that regulates international maritime affairs, are meeting on December 5-16 to discuss how to accelerate the industrys climate mitigation...

Skills shortages are plaguing South Africa's economy - policy and social conditions must support their development

Dec 08, 2022 10:57 am UTC| Economy

Many South Africans argue that the country has a skills crisis. An equal number question why it cant sort this out by adopting the German or Swiss approach. The reason the country isnt getting the right skills to grow...

Chinese economic growth may never recover from COVID – here's why

Dec 08, 2022 10:57 am UTC| Economy

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy one of the worlds toughest strategies...

What is RET and what does it want? The Radical Economic Transformation faction in South Africa explained

Dec 08, 2022 10:50 am UTC| Insights & Views Economy

It has been standard for some years, in any analysis of South Africas governing party, the African National Congress (ANC), to refer to the radical economic transformation (RET) faction. Yet, there has been little serious...

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Economy

Central Banks Could Buy 20,000 Tonnes of Gold: BofA

Central banks may have significant capacity to continue buying gold even after several years of record demand, according to Bank of America (BofA). The bank estimates that institutions currently underweight in gold could...

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...

Politics

Chinese Satellite Images Linked to Iran Strike on US Base

U.S. officials have connected high-resolution satellite imagery supplied to Iran by Chinese entities to a July missile attack on an American military base in Jordan that killed three U.S. troops, according to a Wall Street...

Trump Calls for Five-Year George Washington Smithsonian Exhibit

President Donald Trump called on the Smithsonian Institution to create a five-year exhibition honoring George Washington, while renewing criticism of the museum organizations approach to U.S. history. In a Truth Social...

Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack

Saudi Arabia has temporarily shut its strategic East-West oil pipeline following a drone attack, adding fresh pressure to global energy supplies as the U.S.-Iran war disrupts major Middle East shipping routes. The...

Trump Open to Chinese Automakers Building Cars in US

President Donald Trump said Friday that he would be open to Chinese automakers establishing manufacturing plants in the United States, despite strong opposition from U.S. lawmakers and major auto companies. Speaking on Fox...

Lula Holds Narrow Lead Over Flavio Bolsonaro in Brazil Election Poll

Brazilian President Luiz Inacio Lula da Silva continues to hold a narrow advantage over Senator Flavio Bolsonaro in a potential runoff in Brazils October presidential election, according to a new Datafolha poll released...

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

OpenAI Agents Linked to RubyGems Cyberattack

OpenAIs AI agents were involved in a previously undisclosed cyber incident that disrupted RubyGems, a widely used software package distribution service, in May, according to a Wall Street Journal report. OpenAI confirmed...

Nvidia Eyes $10 Billion Investment in Anthropic IPO

Nvidia is reportedly in discussions to become an anchor investor in Anthropics planned initial public offering, with the AI chip giant potentially committing up to $10 billion to what could become the largest IPO in...

Optus Apologises After Network Outage Disrupts Emergency Calls

Optus has apologised to customers after a network outage disrupted voice services across several Australian states and affected some emergency calls, raising fresh concerns about the reliability of the countrys...

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...