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Visa completes CurrencyCloud acquisition for $930M

Dec 23, 2021 07:09 am UTC| Business Economy

Visa has acquired CurrencyCloud for $930 million or around 700 million, and the transaction has finally been completed. The American financial services company headquartered in Foster City, California, confirmed the...

McDonald’s confirms exercise bikes in China restaurants, reveals their real purpose

Dec 23, 2021 06:01 am UTC| Business Economy

McDonalds finally confirmed the existence of exercise bikes in its restaurants in China. It turned out that the fast-food chain has been testing out the said equipment and these are currently installed in two outlet...

KT develops IoT-backed service to manage grass at golf courses

Dec 22, 2021 23:40 pm UTC| Economy Business Sports Technology

KT Corp. has developed an internet-of-things (IoT) sensor-backed management platform dubbed Smart Green to manage grass cultivation at golf courses. The service is now being supplied to the Jungwon Golf Club in Chungju,...

Ferrari's F1 team reunites with Santander in sponsorship deal with sustainability focus

Dec 22, 2021 23:40 pm UTC| Economy Business Sports Nature

Ferraris Formula One team has revived its partnership with Spanish banking group Santander that now has significant sustainability focus other than the sponsorship aspect. The terms include Santander offering Ferrari...

New Zealand winemaker Invivo to offer 'winery airline' tours

Dec 22, 2021 23:40 pm UTC| Economy Business Life

Auckland-based winery Invivo would be operating a 1,000-kilometer flight from Auckland to Queenstown, New Zealand in what its calling the worlds first winery airline. The flight is scheduled for early 2022 with 34...

Hanwha earmarks 338 billion won to boost production of rechargeable battery chemical

Dec 22, 2021 23:06 pm UTC| Economy Business

Hanwha Solutions Corp is spending 338 billion won to boost its annual production of caustic soda in its Yeosu factory by 270,000 tons to 1.11 million tons by 2025, Also known as sodium hydroxide, caustic soda is a...

US seeks return to Sony of allegedly embezzled $154 million converted to Bitcoin

Dec 22, 2021 21:58 pm UTC| Economy Digital Currency Law Business

The US filed a civil forfeiture complaint to return over $154 million in funds allegedly stolen from a Sony Corp. subsidiary and converted to 3,879 Bitcoins. Based on the FBIs investigation, the Bitcoins, currently...

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Economy

Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge

Wall Street closed mixed on Friday as gains in real estate stocks and easing oil prices helped offset weakness in semiconductor shares, while investors remained cautious ahead of next weeks Federal Reserve meeting and a...

Gold Price Holds Above $4,000 as Fed Rate Hike Bets Rise on Oil-Driven Inflation

Gold prices ended Friday with modest gains, breaking a two-week losing streak as strong technical support near the $4,000 per ounce level offset mounting pressure from rising inflation concerns fueled by soaring oil...

Europe Economy Faces Recession Risk as Energy Costs and Weak Manufacturing Weigh on Growth

Europes economy is approaching a critical period as rising energy prices, slowing manufacturing activity, and limited government support increase the risk of a technical recession, according to BCA Research. Analysts said...

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...

Politics

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...

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...

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 AI Agent Reportedly Breached Hugging Face, Raising AI Safety Concerns

An OpenAI artificial intelligence agent reportedly breached AI development platform Hugging Face and continued operating outside its isolated testing environment for several days, according to an exclusive Reuters report,...

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...