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Mon, Sep 14, 2026 12:16 AM All times are UTC

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Tencent slashing stake in JD.com by giving away $16 billion of its share

Dec 24, 2021 08:14 am UTC| Business Economy

Tencent, a Chinese tech holding company, is chopping its stake in JD.com, the second-largest e-commerce firm in the country. The move is reportedly an effort to get on the good side of the local government that has...

Sri Lanka intends to use tea as payment for Iran oil debt

Dec 24, 2021 07:50 am UTC| Business Economy

Sri Lanka revealed its plan to use its locally produced tea to pay off the money it owes Iran. The country incurred $251 million in debt for previous oil imports. Sri Lankas Member of the Parliament, Ramesh Pathirana,...

AMC Entertainment to re-open shuttered cinemas in Chicago and LA

Dec 24, 2021 07:41 am UTC| Business Economy

AMC acquired more movie theaters that have been closed down, and this includes the Pacific Theaters and Arclight Cinemas. As the company takes over the shuttered movie houses, it will re-open them to become part of its AMC...

Crocs announce acquisition of Hey Dude footwear for $2.5 billion

Dec 24, 2021 06:51 am UTC| Business Economy

Crocs Inc. revealed this week that it will acquire Hey Dude Shoes for $2.5 billion. Based on the report, the Broomfield, Colorado headquartered foam clogs maker is buying the shoe company as it wants to take advantage of...

Hyundai Oilbank to build eco-friendly power plant fueled by LNG, blue hydrogen for 400 billion won

Dec 23, 2021 23:55 pm UTC| Nature Economy Business

South Korean refiner Hyundai Oilbank Co. will invest 400 billion won to build an eco-friendly liquid natural gas (LNG) and blue hydrogen-fueled power plant in Daesan with the capacity of generating 230 tons of steam and...

SK Geocentric, Kolon commercially release plastic that decomposes in 6 months

Dec 23, 2021 23:55 pm UTC| Science Nature Economy Business

SK Geocentric Co. and textile and chemical materials maker Kolon Industries Inc. have commercially released a polybutylene adipate-co-terephthalate (PBAT)-based plastic that they developed jointly. PBAT is used...

NBA's Atlanta Hawks to be valued at $2 billion

Dec 23, 2021 23:54 pm UTC| Sports Economy Business

The National Basketball Associations (NBA) Atlanta Hawks are close to offloading a minority stake to US private equity firm Dyal HomeCourt Partners would value the team at around US$2 billion. It is unclear how big...

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Economy

EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar

EUR/USD could climb back toward its summer highs near 1.17 if next weeks Federal Reserve decision sparks a sell the news reaction in the U.S. dollar, according to Citi strategists. However, geopolitical tensions and...

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...

Politics

Sweden Election Puts Far Right and Centre Left in Tight Race

Swedish voters head to the polls on Sunday in a closely contested parliamentary election that could either bring the far-right Sweden Democrats into government for the first time or return the country to centre-left...

Russian Strikes Across Ukraine Kill Nine, Injure Dozens

Russian air strikes across multiple Ukrainian regions killed at least nine people and injured dozens on Saturday, damaging homes, businesses and critical infrastructure as attacks intensified away from the front lines....

Ukraine Prepares for October Peace Talks With Russia and US

Ukraine is preparing for a possible resumption of trilateral peace talks with Russia and the United States in October as diplomatic efforts to end the more than four-and-a-half-year war regain momentum. Kyrylo Budanov,...

Trump Backs United Ireland During Dublin Visit

U.S. President Donald Trump said he would love to see Northern Ireland unite with Ireland, breaking with the traditionally neutral position taken by previous U.S. presidents on the politically sensitive issue. Speaking...

BRICS Calls for Restraint as Middle East War Escalates

BRICS leaders unanimously adopted the New Delhi Declaration on Saturday, expressing deep concern over escalating tensions in the Middle East and calling for maximum restraint as fighting between the United States and Iran...

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

Hyundai Delays In-House ADAS, Turns to Nvidia

Hyundai Motor Group plans to introduce vehicles running its proprietary driver-assistance software in late 2029, delaying the technology by about two years as the South Korean automaker expands its partnership with Nvidia....

SpaceX Nasdaq 100 Weight Set to More Than Double

SpaceX is poised to receive a substantially larger weighting in the Nasdaq 100 later this month, potentially driving billions of dollars in purchases by passive investment funds that track the technology-heavy index....

Meta’s AI Shopping Push Grows as Agentic Commerce Remains Below 1%

Agentic commerce still accounts for less than 1% of overall e-commerce activity, despite a wave of new AI shopping agents from Meta, Anthropic and other technology companies. Meta this week launched Muse, a personal AI...

OpenAI Rules Out 2026 IPO as Altman Prioritizes AI Safety

OpenAI will not pursue an initial public offering in 2026 as the artificial intelligence company focuses on mounting safety and alignment challenges, CEO Sam Altman said in an interview with Fortune published Saturday....

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...