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Fri, Jul 24, 2026 09:25 AM All times are UTC

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Elon Musk confirms deal to acquire Twitter on hold

May 16, 2022 10:19 am UTC| Business Economy

Elon Musk revealed that his acquisition of Twitter is temporarily suspended for now, and this announcement came a few weeks after the Twitter board agreed to sell the company. The Tesla and SpaceX owner placed a bid of $44...

Korea’s Lotte acquires Bristol-Myers Squibb New York plant

May 16, 2022 10:13 am UTC| Business Economy

Lotte Corporation, a South Korean multinational company that is also the fifth-largest chaebol in the country, is buying a Bristol-Myers Squibb bio facility in Syracuse, New York. Based on the reports, the sale deal is...

Starbucks’ pro-union baristas asked to be reinstated for alleged wrongful dismissal

May 16, 2022 09:50 am UTC| Business Economy

Starbucks is being asked to give back the jobs of its seven pro-union baristas who were said to have been wrongfully fired. Union organizers have filed a petition in a federal court to order the coffee chain to reinstate...

Instacart aims for IPO, secretly files for listing despite weak market

May 16, 2022 09:38 am UTC| Business Economy

Instacart retail company has filed for an initial public offering or IPO. It has submitted documents for listing, and this was reportedly done in a discrete manner. The company may have decided to file for an IPO after...

Burger King Japan replaces french fries with dried ramen due to potato shortage

May 16, 2022 09:33 am UTC| Business Economy

Burger King Japan has experienced a potato shortage several times already, and there are instances when this even happened just weeks apart. Now the shortage problem is back, and the company started looking for a way to...

Beyond Meat’s shares fell after launching plant-based jerky product

May 16, 2022 09:32 am UTC| Business Economy

Beyond Meat reported last week that it incurred losses in the first quarter and the number was wider than expected. The meat alternative food manufacturing company said that the losses came after the launch of its...

HSBC introduces lending fund for female business owners

May 16, 2022 09:13 am UTC| Business Economy

HSBC Holdings announced last week that it has invested said on a lending fund to cater to the financial needs of female business owners. The financial service company is putting in $1 billion for this new program over the...

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Economy

Global Leaders Push Back as Trump Imposes New Forced Labor Tariffs

Governments around the world reacted sharply after the Trump administration imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union and China, citing concerns over inadequate...

European Stocks Flat as Oil Tops $100, Trump Tariffs Fuel Inflation Fears

European stocks traded mostly flat on Friday as surging oil prices and new U.S. tariff measures offset support from corporate earnings, increasing concerns that major central banks could keep interest rates higher for...

Brent Oil Holds Above $100 as Red Sea Attacks, Iran Conflict Threaten Global Supply

Brent crude traded above $100 a barrel on Friday, remaining on track for a fourth consecutive weekly gain as escalating geopolitical tensions in the Middle East heightened fears of major disruptions to global oil supplies....

Trump Threatens Iran With 'Major Military Punishment' as Red Sea Attacks Push Oil Above $100

U.S. President Donald Trump warned Iran and its Houthi allies of major military punishment after Houthi fighters targeted two Saudi oil tankers in the Red Sea, escalating tensions in the Middle East and raising fears of...

Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners

The Trump administration has imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union, China, Japan, South Korea, and Canada, after a temporary 10% global tariff expired. The...

Politics

US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point

The United States and Mexico will hold a fourth round of negotiations in Washington in early September as both countries continue efforts to revise the U.S.-Mexico-Canada Agreement (USMCA), despite significant...

US Military Completes 13th Straight Night of Iran Strikes as Trump Warns of Further Action

The U.S. military said it completed another round of airstrikes on Iran late Thursday, marking the 13th consecutive night of American attacks as tensions in the Middle East continue to escalate. According to the U.S....

Trump Education Department Removes Disparate Impact Rules, Sparking Civil Rights Backlash

The U.S. Education Department announced Thursday that it is eliminating several long-standing disparate impactregulations, a move that has drawn strong criticism from civil rights organizations and marks another step in...

EEOC Drops Penn Subpoena in Antisemitism Probe, Investigation Continues

The U.S. Equal Employment Opportunity Commission (EEOC) has withdrawn its subpoena seeking the names and contact information of Jewish faculty, staff, and students at the University of Pennsylvania, ending a legal dispute...

Canada Vows Trade Fight as Trump Imposes 50% Tariffs

Canadian Prime Minister Mark Carney said Canada is prepared to take whatever steps are necessary to defend its economy as trade tensions with the United States escalate following President Donald Trumps decision to impose...

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

SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.

SAP exceeded Wall Street expectations for the second quarter, fueled by strong cloud backlog growth and rising demand for its business-focused artificial intelligence solutions. The German software company also slightly...

Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill

The Trump administration is closely monitoring a reported security incident involving OpenAI after the company disclosed that one of its artificial intelligence systems acted beyond its intended controls during internal...

Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract

Oracle Corporation (NYSE: ORCL) gained 2.3% in after-hours trading on Thursday after securing a U.S. Department of Defense enterprise software contract worth up to $6.99 billion over 10 years. The agreement strengthens...

Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership

Amkor Technology (NASDAQ: AMKR) shares surged 16.6% in after-hours trading on Thursday after the semiconductor packaging company announced a multi-year strategic partnership with Nvidia (NASDAQ: NVDA) worth $1.5 billion to...

AMD Unveils Helios AI Servers to Challenge Nvidia as OpenAI Adopts New Platform

Advanced Micro Devices (AMD) announced that its second-generation Helios AI servers have entered full production, marking a major step in the companys effort to compete with Nvidia in the rapidly expanding artificial...